GITNUX MARKETDATA REPORT 2024

The Most Surprising Frozen Food Industry Statistics And Trends in 2024

With sources from: grandviewresearch.com, researchandmarkets.com, foodnavigator-usa.com, marketresearchfuture.com and many more

In this post, we will delve into the latest statistics and trends shaping the frozen food industry. From the surge in private label sales to the growing demand for convenience, these data points provide valuable insights into the evolving landscape of frozen food consumption worldwide. Let’s explore how factors like market growth projections, consumer preferences, and the impact of the pandemic are driving the industry forward.

Statistic 1

"Supermarkets and hypermarkets make up around 36% of frozen food distribution channels."

Sources Icon

Statistic 2

"The Asia Pacific frozen food market is expected to grow at a CAGR of 4.7% during the forecast period."

Sources Icon

Statistic 3

"In the U.S., frozen food sales surged 21% during the COVID-19 pandemic."

Sources Icon

Statistic 4

"In 2019, 85% of American households purchased frozen foods."

Sources Icon

Statistic 5

"North America accounted for the largest market share of over 35% in 2019."

Sources Icon

Statistic 6

"The frozen fruits segment is anticipated to grow at a CAGR of 4.25% during the forecast period."

Sources Icon

Statistic 7

"The online segment is expected to witness the fastest growth over the forecast period with an estimated CAGR of 5.3%."

Sources Icon

Statistic 8

"Europe is the fastest-growing region with a CAGR of over 3% from 2020 to 2027."

Sources Icon

Statistic 9

"The global frozen food market size was valued at USD 291.8 billion in 2019 and is expected to grow at a CAGR of 3.4% from 2020 to 2027."

Sources Icon

Statistic 10

"Private-label frozen food products constitute around 17% of the global market."

Sources Icon

Statistic 11

"The frozen desserts segment is projected to reach USD 82.0 billion by 2025."

Sources Icon

Statistic 12

"Frozen vegetables hold a 22% share of the global frozen food market."

Sources Icon

Statistic 13

"By 2025, the frozen ready meals market is anticipated to hit USD 54.0 billion."

Sources Icon

Statistic 14

"The frozen bakery products market size was valued at USD 22.3 billion in 2018."

Sources Icon

Statistic 15

"The frozen pizza segment accounted for USD 12.1 billion in 2019."

Sources Icon

Statistic 16

"In 2020, the global frozen potato market was valued at USD 57.15 billion."

Sources Icon

Statistic 17

"The frozen seafood market size is projected to grow to USD 21.1 billion by 2026."

Sources Icon

Statistic 18

"The organic frozen foods sector is expected to grow at a CAGR of 4.2% from 2020 to 2027."

Sources Icon

Statistic 19

"The meat and seafood segment dominated the market with a share of 30% in 2019."

Sources Icon

Statistic 20

"Nearly 49% of millennials prefer purchasing frozen foods due to convenience."

Sources Icon

Interpretation

The frozen food industry is experiencing significant growth and transformation, as evidenced by the plethora of statistics presented. Private label frozen foods, convenience-driven consumer preferences, shelf-stable products, and the rise of online sales are key factors driving the market's expansion. Various segments within the industry, such as frozen snacks, seafood, bakery products, and ready-to-eat meals, are poised for substantial growth in the coming years. Regions like Asia Pacific and Europe are emerging as key players in the global frozen food market, with the potential for substantial market share. These statistics underscore the industry's resilience and adaptability in meeting evolving consumer needs and preferences.

Can You Trust Our Report?

The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.

Learn more about our process here.

Submit Your Own Statistic Data

Would you like to submit your own researched statistics on this topic? You are welcome to use the form below and submit your suggestion to us. We will check the source and approve it if necessary.

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!