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Frozen Foods Market Trends, Growth Drivers, and Future Outlook

At a CAGR of 5.1%, the global frozen foods market is projected to have grown from USD 284.2 billion in 2023 to USD 363.7 billion by 2028.

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Frozen Foods Market Trends, Growth Drivers, and Future Outlook

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  1. FrozenFoodMarketworth$363.7billionby2028– Exclusive Report by MarketsandMarkets™ ThefrozenfoodsmarketisestimatedatUSD284.2billionin2023andisprojectedtoreach363.7billionby2028,ataCAGR of 5.1% from 2023 to 2028 according to a report published by MarketsandMarkets™. Theprimarykeyfactorcontributingtothegrowingdemandforfrozenfoodsisconvenience.Intoday'sfast-pacedworld,consumersareconstantlyseekingtime-savingsolutionsthatfittheirbusylifestyles.Frozenfoodsofferahassle-freewaytoputmealsonthetablewithoutthelengthypreparationassociatedwithfreshingredients.Thisconveniencefactorresonateswithawidespectrumofconsumers,fromworkingprofessionalsandbusyfamiliestostudentsandseniors.Frozenfoodsprovideaquickandefficientmeansofmealpreparation,allowingindividualstoenjoyawidevarietyofoptionswithoutsacrificingtasteornutritionalvalue.Theeaseofstorageandlongershelflifecomparedtofreshfoodsfurtherenhancestheirappeal.Asaresult,theconveniencefactorremainsthedrivingforcebehindthesustainedandgrowingdemandforfrozenfoodsinthemarket. DownloadPDFBrochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=130 Browsein-depthTOCon"FrozenFoodMarket” 150– Tables 100– Figures 250– Pages TheonlinedistributionchannelsegmentisexpectedtogrowatthehighestCAGRduringtheforecastperiod. Theonlinedistributionchannelisexperiencingthefastestgrowthinthefrozenfoodsmarketduetoseveralsignificantfactors.Firstly,theriseofe-commercehastransformedthewayconsumersshopforgroceries.Onlineplatformsofferaconvenientandaccessiblewaytobrowseandpurchasefrozenfoodproductsfromthecomfortofone'shome,eliminatingtheneedforphysicalstorevisits.Secondly,theCOVID-19pandemicacceleratedtheadoptionofonlinegroceryshopping,withconsumersprioritizingsafetyandsocialdistancing.Manypeoplewhohadnotpreviouslyusedonlinegroceryservicesbecameaccustomedtotheconvenience,andthisshiftinbehaviorhaspersisted.Thirdly,onlineplatformsprovideawidervarietyoffrozenfoodoptions,includingnicheandspecialtyproducts,whichmaynotbereadilyavailableinbrick-and-mortarstores.Thisexpandedselectioncaterstodiverseconsumerpreferencesanddietaryneeds,furtherdrivingonlinesales.Moreover,theabilitytoreadproductreviews,compareprices,andaccesspersonalizedrecommendationsonlineenhancestheoverallshoppingexperience,makingitmoreappealingtoconsumers. Byconsumption,foodserviceholdsthelargestmarketshareinthefrozenfoodsmarketin2023. Thesubstantialpresenceofthefoodservicesectorinthefrozenfoodsmarketcanbeattributedtoseveralcompellingfactors.Tobeginwith,thefoodserviceindustry,encompassingrestaurants,hotels,cafeterias,andcateringservices,heavilydependsontheconvenienceandadaptabilityofferedbyfrozenfoodingredients.Frozenfoodsensureauniformlevelofqualityandenablepreciseportioncontrol,enablingfoodserviceestablishmentstooptimizetheiroperationswhiledeliveringconsistentlydeliciousmealstotheirpatrons.Furthermore,frozenfoodsplayapivotalroleincurbingfoodwastagewithinthefoodservicesector.Theyboastextendedshelflivesincomparisontofreshingredients,reducingthechancesofspoilageandfinanciallosses,acriticalconsiderationinafast-paced,high-volumeindustry.Moreover,theextensivearrayoffrozenfoodchoices,spanningappetizers,sidedishes,maincourses,anddesserts,grantsfoodserviceoperatorstheflexibilityneededtocatertoadiversearrayofcustomertastesanddietaryneeds. RequestSamplePages:https://www.marketsandmarkets.com/requestsampleNew.asp?id=130 Germanyisexpectedtoaccountforthelargestmarketsharein2023. Germanyispoisedtodominatethefrozenfoodsmarketforseveralcompellingreasons.Thenation'sstrongeconomyandhighlevelsofconsumerpurchasingpowermakeitanattractivehubforfrozenfoods.Additionally,Germany'sshiftingdemographics,characterizedbyagrowingnumberofworkingprofessionalsandsingle-personhouseholds,fuelthedemandforconvenientmealsolutions.Frozenfoodsarewell-alignedwiththesechangingconsumerpreferences,offeringquickandeffortlesspreparationoptions.Furthermore,Germanyplacesasignificantemphasisonfoodsafetyandquality,andfrozenfoodsareperceivedasasecureanddependablechoice.Thistrustinthequalityandsafetyoffrozenproductsfurthersolidifiestheirdominanceinthemarket.Alongside,theGermanmarkethasexperiencedasurgeinhealth-consciousconsumersseekingfrozenfruits,vegetables,andotherhealthieralternatives.Thishealth-orientedtrendhaspropelledthegrowthofthefrozenfoodsmarket,especiallywithinthehealthierproductsegments.GermanyisinthefinalstagesofdevelopingitsNationalNutritionStrategy,whichincludesasignificantfocusonpromotingashifttowards plant-basedfoodswithinitsfoodsystem.Thisshiftaimstoenhancetheoverallhealthofthepopulationwhilealso

  2. reducingtheenvironmentalimpactontheclimate.Aspartofthisstrategy,Germanyhassetambitiousgoalstobeachievedby2030,includingtheaimtosource30percentofitsagriculturalproductsfromorganicfarmingpractices.Additionally,thecountryintendstocutfoodwasteby50percentacrossallsectors.ThisalignswithGermany'scommitmenttohealthierandmoresustainablefoodchoices,makingitakeydriverforthegrowthofthefrozenfoodsmarket,particularlyinhealthiersegmentslikefrozenfruitsandvegetables.reducingtheenvironmentalimpactontheclimate.Aspartofthisstrategy,Germanyhassetambitiousgoalstobeachievedby2030,includingtheaimtosource30percentofitsagriculturalproductsfromorganicfarmingpractices.Additionally,thecountryintendstocutfoodwasteby50percentacrossallsectors.ThisalignswithGermany'scommitmenttohealthierandmoresustainablefoodchoices,makingitakeydriverforthegrowthofthefrozenfoodsmarket,particularlyinhealthiersegmentslikefrozenfruitsandvegetables. MajorplayersoperatinginthefrozenfoodsmarketareGeneralMillsInc.(US),Nestlé(Switzerland),Unilever(Netherlands),McCainFoodsLimited(Canada),ConagraBrands,Inc(US),Kellogg'sCompany(US),GrupoBimbo(Mexico),andTheKraftHeinzCompany(US). Get10%FreeCustomizationonthisReport: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=130 BrowseAdjacentReports@FoodandBeverageMarketResearchReports&ConsultingRelatedReports: FruitandVegetableProcessingMarketbyProductType(Fresh,Fresh-cut,Canned,Frozen,Dried&Dehydrated,Convenience),EquipmentType,Operation(Automatic,Semi-automatic),ProcessingSystems&Region– GlobalForecastto2027 FrozenBakeryProductsMarketbyType(Bread,PizzaCrusts,Cakes&Pastries),DistributionChannel(ConventionalStores,SpecialtyStores),andFormofConsumption(Ready-to-Proof,Ready-to-Bake,Ready-to-Eat)-GlobalForecastto2026 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’sbestmanagementconsultingfirmsbyForbes,aspertheirrecentreport. MarketsandMarkets™ is a blue ocean alternative in growth consultingandprogrammanagement,leveragingaman-machineofferingtodrivesupernormalgrowthforprogressiveorganizationsintheB2Bspace.Wehavethewidestlensonemergingtechnologies,makingusproficientinco-creatingsupernormalgrowthforclients. Earlierthisyear,wemadeaformaltransformationintooneofAmerica'sbestmanagementconsultingfirmsasperasurveyconductedbyForbes. TheB2Beconomyiswitnessingtheemergenceof$25trillionofnewrevenuestreamsthataresubstitutingexistingrevenuestreamsinthisdecadealone.Weworkwithclientsongrowthprograms,helpingthemmonetizethis$25trillionopportunitythroughourservicelines-TAMExpansion,Go-to-Market(GTM)StrategytoExecution,MarketShareGain,AccountEnablement,andThoughtLeadershipMarketing. Builtonthe'GIVEGrowth'principle,weworkwithseveralForbesGlobal2000B2Bcompanies-helpingthemstayrelevantinadisruptiveecosystem.Ourinsightsandstrategiesaremoldedbyourindustryexperts,cutting-edgeAI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integratesourresearch,facilitatesananalysisofinterconnectionsthroughasetofapplications,helpingclientslookattheentireecosystemandunderstandtherevenueshiftshappeningintheirindustry. Tofindoutmore,visitwww.MarketsandMarkets™.com orfollowusonTwitter,LinkedInandFacebook. Contact: Mr.AashishMehraMarketsandMarkets™ INC. 630DundeeRoad Suite430 Northbrook,IL60062 USA:+1-888-600-6441 Email:sales@marketsandmarkets.com ResearchInsight:https://www.marketsandmarkets.com/ResearchInsight/frozen-food-market.aspVisitOurWebsite:https://www.marketsandmarkets.com/ ContentSource:https://www.marketsandmarkets.com/PressReleases/Global-frozen-food-market.asp

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