Frozen Food Market Anticipated to Reach $408.05 Billion by 2029
Meticulous Research®—leading global market research company published a research report titled, ‘Frozen Food Market by Product (Ready Meals, Meat & Poultry, Seafood, Dairy Products, Bakery Products, Vegetables, and Fruits), Type (Raw, Half-cooked, and Ready-to-eat), and Distribution Channel (B2B and B2C)—Global Forecast to 2029.’
The frozen food market is anticipated to surge to $408.05 billion by 2029, projecting a Compound Annual Growth Rate (CAGR) of 5.2% from 2022 to 2029. This expansion is chiefly propelled by escalating demand for convenient food options, the expanding global cold-chain infrastructure, and evolving consumer preferences.
Additionally, the proliferation of digitalization within the retail sector and the emergence of robust economies in Asia-Pacific, Latin America, and the Middle East & Africa are poised to furnish significant growth prospects for this market. Nonetheless, challenges persist due to the growing inclination towards fresh and natural food products, as well as the stringent requirements for temperature monitoring in frozen food distribution.
Moreover, inadequacies in cold chain infrastructure within developing economies pose substantial hurdles for market players.
Within the bakery products segment, bread holds the largest share in 2022, owing to increased bread consumption globally and the proliferation of ready-to-eat product chains. Conversely, the seafood segment is anticipated to witness significant growth driven by rising fish consumption and the demand for frozen seafood in various applications.
The market is further categorized by type into raw, half-cooked, and ready-to-eat, with the raw material segment leading in 2022 due to heightened awareness regarding the nutritional benefits of raw frozen food.
Distribution channels encompass business-to-business (B2B) and business-to-consumer (B2C), with B2B segment dominance in 2022 owing to increased trading and demand from various sectors including restaurants and food service. However, the B2C segment is expected to exhibit substantial growth driven by urbanization, online shopping trends, and consumer preference for personalized offerings.
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The report addresses key queries regarding market segments, historical data, forecasts, drivers, restraints, opportunities, major players, competitive landscape, recent developments, strategies, geographic trends, high-growth countries, and emerging local players.
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https://www.linkedin.com/company/meticulous-research Frozen Food Market Anticipated to Reach $408.05 Billion by 2029
Meticulous Research®—leading global market research company published a research report titled, ‘Frozen Food Market by Product (Ready Meals, Meat & Poultry, Seafood, Dairy Products, Bakery Products, Vegetables, and Fruits), Type (Raw, Half-cooked, and Ready-to-eat), and Distribution Channel (B2B and B2C)—Global Forecast to 2029.’
The frozen food market is anticipated to surge to $408.05 billion by 2029, projecting a Compound Annual Growth Rate (CAGR) of 5.2% from 2022 to 2029. This expansion is chiefly propelled by escalating demand for convenient food options, the expanding global cold-chain infrastructure, and evolving consumer preferences.
Additionally, the proliferation of digitalization within the retail sector and the emergence of robust economies in Asia-Pacific, Latin America, and the Middle East & Africa are poised to furnish significant growth prospects for this market. Nonetheless, challenges persist due to the growing inclination towards fresh and natural food products, as well as the stringent requirements for temperature monitoring in frozen food distribution.
Moreover, inadequacies in cold chain infrastructure within developing economies pose substantial hurdles for market players.
Within the bakery products segment, bread holds the largest share in 2022, owing to increased bread consumption globally and the proliferation of ready-to-eat product chains. Conversely, the seafood segment is anticipated to witness significant growth driven by rising fish consumption and the demand for frozen seafood in various applications.
The market is further categorized by type into raw, half-cooked, and ready-to-eat, with the raw material segment leading in 2022 due to heightened awareness regarding the nutritional benefits of raw frozen food.
Distribution channels encompass business-to-business (B2B) and business-to-consumer (B2C), with B2B segment dominance in 2022 owing to increased trading and demand from various sectors including restaurants and food service. However, the B2C segment is expected to exhibit substantial growth driven by urbanization, online shopping trends, and consumer preference for personalized offerings.
Download Free Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5313
The report addresses key queries regarding market segments, historical data, forecasts, drivers, restraints, opportunities, major players, competitive landscape, recent developments, strategies, geographic trends, high-growth countries, and emerging local players.
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
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