Frozen Food Market Size to Hit USD 347.01 Billion by 2034

According to Towards FnB, the global frozen food market size is projected to grow from USD 214.32 billion in 2025 to nearly USD 347.01 billion by 2034, growing at a CAGR of 5.50% during the forecast period 2025 to 2034.

/EIN News/ -- Ottawa, April 28, 2025 (GLOBE NEWSWIRE) -- The global frozen food market size was estimated at USD 203.15 billion in 2024 and is expected to grow from USD 214.32 billion in 2025 to around USD 347.01 billion by 2034, driven by a CAGR of 5.50% during this period, a study published by Towards FnB a sister firm of Precedence Research.

The growth of the frozen food market is driven by growing consumer preferences for convenient, ready-to-cook meals, advancements in freezing technologies that retain flavor and nutritional value, and the enhancement of retail infrastructure. Moreover, increased urban living, dual-income families, and the rising influence of e-commerce are playing significant roles in the ongoing global growth of this market.

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Frozen Food Market Overview:

The frozen food industry is witnessing significant growth driven by changes in consumer habits, a rising demand for convenience, and progress in cold chain logistics. Due to urban development and hectic lifestyles, people are opting for frozen food items that provide longer shelf life, require little preparation time, and maintain nutritional quality. The market includes a wide array of categories such as ready-to-eat meals, vegetables, fruits, meats, and baked goods. Technological innovations in freezing methods have greatly enhanced product quality and taste, which has further boosted consumer acceptance.

Retail growth, particularly in emerging markets, along with the increasing impact of online shopping platforms, has improved the availability and visibility of frozen food items. Additionally, the trend toward clean-label, organic, and plant-based frozen products is transforming the competitive landscape.

“Online grocery shopping platforms have seen significant growth, with some retailers experiencing a 31% increase in online grocery sales in February 2024 compared to the previous year.”

As health-focused consumers look for frozen options that combine convenience with nutrition, manufacturers are evolving to satisfy these changing demands. Overall, the frozen food market is set for steady growth, driven by increasing interest from both residential and commercial sectors.

Frozen Food Market Key Highlights:

• By region, North America led the market with highest share of 34% in 2024.
• By region, Asia Pacific expecting to have fastest growth in the market during the forecast period.
• By product, the ready meals segment captured the maximum market share of 43% in 2024.
• By product, the market for fruits & vegetables is estimated to expand the fastest CAGR of 7.2% during the forecast period.
• By distribution channel, the offline segment contributed the largest market share of 90% in 2024.
• By distribution channel, the online segment is anticipated to grow in the market during the forecast period.
• By freezing technology, the individual quick freezing technology segment dominated the market in 2024.
• By freezing technology, the blast freezing segment is anticipated a substantial growth in the market during the forecast period.

Major Key Trends in Frozen Food Market:

• Increase in Plant-Based Frozen Foods: Consumers are more frequently selecting plant-based frozen meals and snacks due to considerations related to health, the environment, and ethics, prompting producers to create meat-free, dairy-free, and clean-label frozen alternatives.
• Rise of Online Grocery Platforms: The growth of e-commerce and on-demand grocery delivery services has made frozen foods more available, boosting sales through digital avenues and urging retailers to expand their online frozen food selections.
• Demand for Premium and Gourmet Frozen Offerings: There is an emerging trend towards high-end, chef-inspired frozen meals that focus on quality, flavor, and authentic global cuisines, appealing to health-conscious and time-constrained consumers seeking enhanced dining experiences at home.
  

Limitations & Challenges in Frozen Food Market:

• Perception of Inferior Quality: A number of consumers still link frozen foods with inferior freshness and nutritional content when compared to fresh products, which influences buying choices despite advances in technology that enhance quality and taste.
• Inadequate Cold Chain Infrastructure: In less developed areas, insufficient cold storage and transport facilities limit product availability and result in spoilage, hindering market penetration and leading to losses for both distributors and retailers.
• Elevated Energy and Storage Costs: The production, storage, and distribution of frozen food necessitate a substantial energy input, resulting in high operational costs and environmental concerns, thereby challenging both manufacturers and consumers focused on sustainability.
  

Opportunity in Frozen Food Market: Shift in Dietary Preferences to Offer Potential

The greatest potential within the frozen food market is found in the accelerated growth of emerging economies, where rising disposable incomes, urbanization, and shifting dietary preferences are boosting the demand for convenient meal options. As an increasing number of consumers in Asia-Pacific, Latin America, and Africa begin to adopt Western-style diets and hectic lifestyles, the attraction of ready-to-eat and easy-to-store frozen foods is on the rise.

Furthermore, advancements in cold chain logistics and storage technology are facilitating broader market entry. Opportunities also exist in the creation of healthier, organic, and plant-based frozen products aimed at the growing population of health-conscious and environmentally aware consumers across both developed and developing regions.

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Frozen Food Market Regional Analysis:

North America: Leader in Frozen Food Market

North America dominated the frozen food market with the largest market share, mainly due to the region's strong consumer inclination towards convenient and time-efficient meal options. The extensive distribution of frozen items in supermarkets, hypermarkets, and online marketplaces has triggered steady demand. In both the U.S. and Canada, the rising popularity of frozen vegetables, ready-to-eat meals, and high-quality frozen desserts remains strong, driven by hectic lifestyles and households with dual incomes.

Top North American Countries for Frozen Food Production

• United States: The U.S. excels within the region due to a robust frozen food culture, strong demand for convenience products, and sophisticated retail networks. Health trends are propelling growth in organic and plant-based frozen food options.
• Canada: Canada's frozen food market is steadily expanding, fueled by urbanization, busy schedules, and a growing acceptance of frozen meal solutions. Increasing consumer interest in healthy, premium, and clean-label frozen offerings further drives demand.
• Mexico: Mexico is experiencing swift growth in frozen food consumption, spurred by rising urban populations, modern retail formats, and increased exposure to global cuisines via frozen ready-to-eat and ready-to-cook products.
  

Additionally, advancements in freezing technology and packaging, as well as an increased interest in plant-based and organic frozen food products, have further enhanced market expansion. The well-established cold chain infrastructure has also guaranteed effective distribution and storage.

Asia Pacific’s Significant growth in Frozen Food

Asia Pacific is the fastest growing market for the frozen food market with a significant CAGR during the forecast period, propelled by swift urbanization, rising disposable incomes, and an expanding middle-class population with changing dietary preferences. The growing presence of modern retail outlets, such as supermarkets and hypermarkets, has improved the accessibility of a diverse range of frozen food offerings across the region. The busy lifestyle of metropolitan areas has intensified the shift towards convenient, ready-to-eat frozen meals.

Major Factors for the Market’s Expansion in Asia Pacific:

• Increasing urban populations and fast-paced work schedules are driving the demand for convenient, ready-to-eat frozen food solutions that save time and ease meal preparation for busy professionals and families.
• The rise of supermarkets, hypermarkets, and online grocery platforms has enhanced product accessibility, enabling consumers in both urban and semi-urban settings to easily purchase a wide array of frozen food options.
• A transition towards Western-style diets and greater exposure to international cuisines are increasing the consumption of frozen pizzas, snacks, and ready meals, particularly among younger consumers in emerging Asia-Pacific markets.
  

Furthermore, heightened awareness of food safety and quality is prompting consumers to favor well-packaged frozen products. Countries including China, India, and Japan are leading this market growth.

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Frozen Food Market Report Scope

Report Attribute	Key Statistics
Base Year	2024
Forecast Period	2025 to 2034
CAGR	5.50	%
Market Size in 2024	USD 203.15 Billion
Market Size in 2025	USD 214.32 Billion
Market Size by 2034	USD 347.01 Billion
Dominated Region	North America

Frozen Food Market Segment Analysis

Product Analysis

The ready meals segment dominated the market with the largest market share. This growth is driven by the increasing demand for convenient, time-saving meal solutions among urban dwellers and professionals. Ready meals provide variety, require little preparation, and offer a long shelf life, fitting well with fast-paced lifestyles. Innovations in taste, nutrition, and packaging have further increased their appeal in both developed and developing markets.

The fruits and vegetables segment is the fastest growing segment with a notable CAGR during the forecast period. Rising health awareness and a preference for minimally processed foods are significant growth factors. Frozen fruits and vegetables effectively preserve nutrients and provide convenience without seasonal restrictions. As consumers seek cleaner, preservative-free choices, there is growing demand for frozen organic produce and exotic fruits, particularly through retail and foodservice venues in urban areas.

Freezing Technology Analysis

The Individual Quick Freezing (IQF) segment dominated the market with the largest market share due to its effectiveness in preserving the texture, nutritional integrity, and quality of food products. IQF enables each piece of food to be frozen individually, minimizing clumping and enhancing product attractiveness. This technology is particularly favored for fruits, vegetables, seafood, and meats. Food processors are increasingly adopting IQF technology because of its efficiency, speed, and compatibility with large-scale production.

The blast freezing segment is the fastest growing segment with a significant CAGR during the forecast period, because of its capacity to rapidly freeze large quantities of food while retaining taste and texture. This method is commonly used in commercial kitchens, food processing facilities, and restaurants. Its ability to reduce microbial growth and ensure product safety makes it ideal for frozen meat, baked goods, and prepared meals. Advances in technology are enhancing the energy efficiency and cost-effectiveness of blast freezers.

Distribution Channel Analysis

The offline segment dominated the market with the largest market share. These retailers offer consumers the benefits of immediate access to products, enhanced visibility of offerings, and trust in well-known retail brands. Many shoppers still choose to buy frozen food items in person due to the opportunity to examine packaging and explore different brands. Additionally, promotional offers and in-store advertising contribute to consumer loyalty.

The online segment is the fastest growing segment with a notable CAGR during the forecast period, fueled by the rising use of e-commerce and mobile applications for grocery shopping. The appeal of convenience, speedy home delivery, and a broader selection of products attracts tech-savvy consumers. The pandemic accelerated this shift, prompting consumers to investigate frozen food options through online channels. Collaborations between food manufacturers and e-commerce platforms are also improving the availability and efficiency of frozen food deliveries.

Browse More Related Reports:

• The global frozen dough market size is projected to expand from USD 27.62 billion in 2025 to USD 48.28 billion by 2034, growing at a CAGR of 6.40% during the forecast period from 2025 to 2034.
• The global frozen meat market size is expected to grow from USD 97.58 billion in 2025 to USD 129.56 billion by 2034, at a CAGR of 3.20% over the forecast period from 2025 to 2034
• The global frozen fruits market size is anticipated to grow from USD 4.89 billion in 2025 to USD 8.76 billion by 2034, with a CAGR of 6.7% during the forecast duration from 2025 to 2034.
• The global frozen dessert market size is expected to increase from USD 136.87 billion in 2025 to USD 198.2 billion by 2034, growing at a CAGR of 4.20% during the forecast period from 2025 to 2034.
• The global dairy food market size is expected to grow from USD 1,005.87 billion in 2025 to USD 1,728.48 billion by 2034, at a CAGR of 6.20% over the forecast period from 2025 to 2034.
• The global high-protein food market is poised for substantial growth over the next decade, with projections indicating significant revenue increases during the forecast period 2025-2034.

Frozen Food Market Top Companies

• Nestlé
• Conagra Brands
• Nomad Foods
• General Mills
• Tyson Foods
• Unilever
• Sysco Corporation
• McCain Foods
• Ajinomoto Co., Inc.
• Kraft Heinz Company

Recent Breakthroughs in Global Frozen Food Market:

• In February 2024, Stouffer’s, a leading brand in the frozen food sector, introduced its new Stouffer’s Single-Serve White Cheddar Mac & Cheese. The newly launched products aim to enhance cooking convenience through five different preparation methods, including boil-in-bag, microwave, pizza oven/impinger, rapid-cook oven, and steamer.
• In July 2023, Conagra Brands, Inc. announced over 50 new products across their frozen, grocery, and snack divisions. Within Conagra's portfolio of frozen meals, a diverse array of flavors and price ranges is available among their brands and entrees.

Segments Covered in the Report

By Product Type 

• Fruits & Vegetables
  • Fruits
    • Berries
    • Tropical Fruits
    • Citrus Fruits
    • Grapes
    • Stone Fruits
    • Others
• Vegetables
  • Peas
  • Broccoli
  • Cauliflower
  • Carrot
  • Bell Paper
  • Beans
  • Mushroom
  • Avocado
  • Corn
  • Others
• Potatoes
• Ready Meals
• Meat
• Fish/Seafood
• Dairy Products
• Bakery Products
• Others

By Freezing Technology 

• Individual Quick Freezing (IQF)
• Blast Freezing
• Belt Freezing
  

By Distribution Channel  

• Offline
• Online

By Region

North America

• U.S.
• Canada

Asia Pacific

• China
• Japan
• India
• South Korea
• Thailand
  

Europe

• Germany
• UK
• France
• Italy
• Spain
• Sweden
• Denmark
• Norway

Latin America

• Brazil
• Mexico
• Argentina
  

Middle East and Africa (MEA)

• South Africa
• UAE
• Saudi Arabia
• Kuwait

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