Market Overview:
The global frozen meal market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for convenience food and rising disposable income of consumers. Frozen meals are easy-to-cook, healthy, and affordable food options that are gaining popularity among consumers across the globe. The global frozen meal market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into vegetarian meals, chicken meals, beef meals, and others. The chicken meal segment is expected to dominate the global frozen meal market during 2018-2030 owing to its high demand from consumers across regions. On the basis of application,the global frozen mealmarketis divided into food chain servicesand department store segments. However , in terms o f value share , th e fo o d c h a i n s e r v i c e s se g m en t w ill re main dominant du e t o th e hig h p ri ce tags associated with these products .
Product Definition:
A frozen meal is a pre-packaged meal that has been prepared and then frozen. They can be microwaveable or require cooking in an oven. Frozen meals are often cheaper than eating out, and they can be a great way to have a home cooked meal without having to spend time in the kitchen.
Vegetarian Meals:
Vegetarian meals are those which do not include meat or animal by-products such as eggs, cheese, and milk. The meals may include fish and seafood but these products contain fish oil which contains omega 3 fatty acids. Vegetarian food is becoming more popular in many countries around the world including India, China, Brazil and Mexico where the population of vegetarianism has been on a rise over the past few years.
Chicken Meals:
The chicken meals and it's usage in the frozen meal market is a product that consists of raw chicken meat. It can be processed by freezing, baking, or grilling. The end products are called frozen chicken meals or ready-to-eat (RTE) chicken.
It has been observed that consumers prefer to have their dinner at the same place where they buy their groceries which is convenient for them as well as the retail store owners.
Application Insights:
The food chain services application segment led the global frozen meal market in 2017. This is attributed to increasing demand for ready-to-eat products from consumers, particularly in developed economies such as the U.S., Germany, and France. Frozen meals are also sold through retail stores and online channels across various regions worldwide due to growing consumer preference for convenience foods that do not require preparation before eating them.
The department store application segment is expected to witness significant growth over the forecast period owing to rising sales of packaged food items including frozen meals among other products such as bakery goods & snacks and alcohol among others at most major department stores globally including Macy¢â‚¬â„¢s, Bloomingdale¢â‚¬â„¢s/New York, Dillard¢â‚¬â„¢s/Atlanta, Kohlƒ© Kravis Robertsons/Houston Texas USA etcetera.
Regional Analysis:
The Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for more than 35% of the total revenue share in 2017, which can be attributed to increasing awareness about frozen food among consumers, growing middle-class population, improving living standards and rapid urbanization. Moreover, emerging countries such as China and India are projected to witness significant growth over the coming years owing to rising disposable income coupled with expanding retail sector.
North America is anticipated to grow at a CAGR exceeding 5% from 2018 to 2030 due herring migration patterns along North American coastlines that bring large volumes of fish into coastal communities every year. In addition, Canada has one of the largest freshwater fisheries populations worldwide; thus creating an opportunity for suppliers operating within this industry vertical to capitalize on this trend by offering their products through retailers’ distribution channels thereby driving demand within regional market. However U.S.
Growth Factors:
- Increasing demand for convenience foods: The modern lifestyle is characterized by busy schedules and lack of time for cooking. This has led to a growing demand for convenient foods, such as frozen meals.
- Rising disposable incomes: A growing middle class in developing countries is fueling the demand for frozen meals, as they can afford to purchase these products at premium prices.
- Growing awareness about healthy eating: There is a growing awareness among consumers about the importance of healthy eating, and this is driving them towards healthier alternatives such as frozen meals.
- Innovative product offerings: Frozen meal manufacturers are constantly introducing innovative product offerings in order to appeal to a wider audience base. This helps boost sales growth rates for the market overall. 5) increasing trend of home cooking: With people becoming more health conscious, there is an increasing trend of home cooking instead of opting for processed food options like frozen meals
Scope Of The Report
Report Attributes
Report Details
Report Title
Frozen Meal Market Research Report
By Type
Vegetarian Meals, Chicken Meals, Beef Meals, Others
By Application
Food Chain Services, Department Store, Others
By Companies
General Mills, Nestle, McCain, Dr.Oetker, Daiya, Connies, Conagra, Atkins Nutritionals, California Pizza Kitchen, H.J. Heinz, FRoSTA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Frozen Meal Market Report Segments:
The global Frozen Meal market is segmented on the basis of:
Types
Vegetarian Meals, Chicken Meals, Beef Meals, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Chain Services, Department Store, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Mills
- Nestle
- McCain
- Dr.Oetker
- Daiya
- Connies
- Conagra
- Atkins Nutritionals
- California Pizza Kitchen
- H.J. Heinz
- FRoSTA
Highlights of The Frozen Meal Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vegetarian Meals
- Chicken Meals
- Beef Meals
- Others
- By Application:
- Food Chain Services
- Department Store
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Frozen Meal Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A frozen meal is a pre-packaged food that is heated and served chilled or at room temperature.
Some of the key players operating in the frozen meal market are General Mills, Nestle, McCain, Dr.Oetker, Daiya, Connies, Conagra, Atkins Nutritionals, California Pizza Kitchen, H.J. Heinz, FRoSTA.
The frozen meal market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Frozen Meal Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Frozen Meal Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Frozen Meal Market - Supply Chain
4.5. Global Frozen Meal Market Forecast
4.5.1. Frozen Meal Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Frozen Meal Market Size (000 Units) and Y-o-Y Growth
4.5.3. Frozen Meal Market Absolute $ Opportunity
5. Global Frozen Meal Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Frozen Meal Market Size and Volume Forecast by Type
5.3.1. Vegetarian Meals
5.3.2. Chicken Meals
5.3.3. Beef Meals
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Frozen Meal Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Frozen Meal Market Size and Volume Forecast by Application
6.3.1. Food Chain Services
6.3.2. Department Store
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Frozen Meal Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Frozen Meal Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Frozen Meal Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Frozen Meal Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Frozen Meal Demand Share Forecast, 2019-2026
9. North America Frozen Meal Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Frozen Meal Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Frozen Meal Market Size and Volume Forecast by Application
9.4.1. Food Chain Services
9.4.2. Department Store
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Frozen Meal Market Size and Volume Forecast by Type
9.7.1. Vegetarian Meals
9.7.2. Chicken Meals
9.7.3. Beef Meals
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Frozen Meal Demand Share Forecast, 2019-2026
10. Latin America Frozen Meal Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Frozen Meal Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Frozen Meal Market Size and Volume Forecast by Application
10.4.1. Food Chain Services
10.4.2. Department Store
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Frozen Meal Market Size and Volume Forecast by Type
10.7.1. Vegetarian Meals
10.7.2. Chicken Meals
10.7.3. Beef Meals
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Frozen Meal Demand Share Forecast, 2019-2026
11. Europe Frozen Meal Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Frozen Meal Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Frozen Meal Market Size and Volume Forecast by Application
11.4.1. Food Chain Services
11.4.2. Department Store
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Frozen Meal Market Size and Volume Forecast by Type
11.7.1. Vegetarian Meals
11.7.2. Chicken Meals
11.7.3. Beef Meals
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Frozen Meal Demand Share, 2019-2026
12. Asia Pacific Frozen Meal Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Frozen Meal Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Frozen Meal Market Size and Volume Forecast by Application
12.4.1. Food Chain Services
12.4.2. Department Store
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Frozen Meal Market Size and Volume Forecast by Type
12.7.1. Vegetarian Meals
12.7.2. Chicken Meals
12.7.3. Beef Meals
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Frozen Meal Demand Share, 2019-2026
13. Middle East & Africa Frozen Meal Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Frozen Meal Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Frozen Meal Market Size and Volume Forecast by Application
13.4.1. Food Chain Services
13.4.2. Department Store
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Frozen Meal Market Size and Volume Forecast by Type
13.7.1. Vegetarian Meals
13.7.2. Chicken Meals
13.7.3. Beef Meals
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Frozen Meal Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Frozen Meal Market: Market Share Analysis
14.2. Frozen Meal Distributors and Customers
14.3. Frozen Meal Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. General Mills
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Nestle
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. McCain
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dr.Oetker
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Daiya
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Connies
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Conagra
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Atkins Nutritionals
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. California Pizza Kitchen
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. H.J. Heinz
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. FRoSTA
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
