Global Frozen Meal Market Size will Reach $299105.23 Million in 2023

  • PostDate：2023-11-14

Global Frozen Meal Market Overview

According to Global Market Monitor, the global frozen meal market size will reach $299105.23 million in 2023 with a CAGR of 3.95% from 2023 to 2028.

A frozen meal is a packaged frozen or chilled meal that usually comes as an individual portion. Chinese type mainly refers to frozen Chinese meals, such as noodles, buns, steamed buns, and rice. Western type mainly refers to frozen Western meals, such as steak, pasta, etc. Others include halal food, Indian frozen meals, and so on. Frozen meals cater to consumers' living habits, which are easy to store and control portion. The remaining products can be stored in the refrigerator, reducing waste.

The rising preference towards convenience fuels the growing demand for frozen products due to their effortless and time-saving beneficial factor compared to cooking from scratch. The hectic lifestyle of the working population around the world is majorly boosting the frozen food market.

Global Frozen Meal Market Size and Concentration Analysis

Market Dynamics

The frozen food market is highly competitive, and players like McCain and Nestle SA dominate the market. These players focus on leveraging opportunities posed by emerging markets to expand their product portfolio to cater to the requirements of various product segments. Companies compete on different factors, including product offerings, ingredients, quality, taste, flavors, price, functionality, size, packaging, and marketing activities to gain a competitive advantage in the market.
In April 2022, Prasuma, an Indian company offering chilled meat and frozen foods, announced the addition of new snacks to its frozen food offerings. As a part of its frozen food portfolio, the company launched frozen chicken nuggets, frozen veg, chicken spring rolls, etc.

S

  • Frozen food is suitable for long-term storage without rot.
  • Increasing consumer preference for convenience foods
  • Technological progress and product innovation

W

  • Rising labor costs
  • Fluctuation in raw material prices
  • The frozen food market is highly competitive.

O

  • Consumers' busy lifestyles increase demand for frozen meals.
  • Rising investment in technology development for the frozen meal market
  • Increase in disposable income

T

  • Unhealthy sugar and fat content and the difficulties in removing them
  • Health issues related to eating these foods

To Get More Information about Frozen Meal，Please Click《China Frozen Meal Industry Market Research Report 2023-2029》。

Popular Reports

Global Men’s Suits Market Trends and Dynamics: Market Size Growing at a CAGR of 2.58% from 2024 to 2029

PostDate：2024-07-11

Global Underwater Robotics Market Forecast and Dynamics: Market Size is $1125.38 Million in 2024

PostDate：2024-07-10

Global Trisodium Phosphate(Tsp) Market Segment and Dynamics: Market Size Increasing at a CAGR of 3.34% from 2024 to 2029

PostDate：2024-07-10

Staurolite Market Size & Share, Growth Trends 2029 Forecast: Global Staurolite Market Size to Reach $133 Million by 2029

PostDate：2024-07-09

Common Mode Choke Market Trends | Common Mode Choke Market Set to Grow at a CAGR of 5.20% by 2029

PostDate：2024-07-09

1,3-Hexafluorobutadiene Market Competition Pattern| Market Concentration is Moderate, with Top 3 Companies Accounting for 47.58% of the Market Share

PostDate：2024-07-09

Beyond Consulting, Future is Feasible

We provide more professional and intelligent market reports to complement your business decisions.

CONTACT US