From GlobeNewswire: 2025-06-02 07:44:00

The frozen food market is booming, driven by increased convenience food consumption. With a projected market size of US$ 444.22 billion by 2031, the industry is set to grow at a 6.0% CAGR. Factors like urbanization, rising income, and e-commerce contribute to this growth, especially with plant-based products gaining popularity.

Consumers are flocking to convenience foods like frozen snacks and ready-to-eat meals due to busy lifestyles and increased workforce participation, especially among women. Millennials, in particular, value time efficiency and are willing to spend on convenient food options. This trend, along with increasing smaller households, is fueling the demand for frozen foods.

Plant-based frozen products are gaining traction globally, driven by consumer perceptions of health and environmental sustainability. The rise of veganism has led to innovative plant-based offerings in the frozen food market, appealing to a growing segment of health-conscious consumers. This trend is expected to shape the market in the coming years.

Europe led the frozen food market in 2024, followed by North America and Asia Pacific. Asia Pacific is poised to experience the highest CAGR in the forecast period. The geographical distribution of market share reflects regional preferences and consumption patterns, highlighting diverse opportunities for market players to capitalize on.

Leading companies in the frozen food market include Conagra Brands, General Mills, and Nestlé, among others. Major trends shaping the industry include the rise of plant-based products, premium gourmet meals, and sustainable packaging. Recent acquisitions and product launches by key players demonstrate the dynamic nature of the market, with a focus on innovation and market expansion.



Read more at GlobeNewswire: Frozen Food Market Size to expected to reach US$ 444.22