Frozen Food Market Trends, Size, Growth Insight, Share, Competitive Analysis, Statistics, Regional Analysis and Forecast To 2028

The global frozen food market size was USD 231.38 billion in 2020. The market is projected to grow from USD 256.46 billion in 2021 to USD 385.04 billion in 2028 at a CAGR of 5.98% during the 2021-2028 period.

This information is provided by Fortune Business Insights, in its report, titled, “Frozen Food Market, 2021-2028.”

As per the research conducted by our expert analysts, the market is observing advanced growth owing to the growing demand for easily accessible food products such as ready-to-eat meals and cold cuts.

List of Key Players Mentioned in this Market Report:

General Mills Inc. (Minnesota, U.S.)
Nestle SA (Vevey, Switzerland)
Conagra Brands Inc. (Illinois, U.S.)
The Kellogg Company (Michigan, U.S.)
Grupo Bimbo S.A.B. DE C.V. (Mexico City, Mexico)
Lantmannen Unibake International (Copenhagen, Denmark)
The Kraft Heinz Company (Illinois, U.S.)
Unilever PLC (London, U.K.)
Wawona Frozen Food (California, U.S.)
Tyson Foods, Inc. (Arizona, U.S.)
Segmentation:

On the basis of type, the market is segregated into frozen ready meals, frozen seafood & meat products, frozen snacks & bakery products, and others. Among these, the frozen seafood & meat segment is anticipated to hold the major share in the market.

Based on distribution channel, the market is separated into Supermarket/Hypermarkets, Convenience Stores, Specialty Stores, and Online Retail.

Geographically, the global market is categorized into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Drivers and Restraints:

Rising Demand for Convenience Food to Bolster Market

The processed food industry is preliminarily powered by the convenience provided by packaged foods, which entice consumers from all age groups. Consumer inclination towards convenience food and RTE foods has triggered a prompt change in the global market. Frozen Food need less effort as well as less time in comparison with cooking a complete meal from scratch, which is the prime aspect empowering the Frozen Food market growth.

Regional Insights:

Europe is projected to dominate the Frozen Food market share owing to the growing adoption of vegan lifestyle in the region, which is forecasted to navigate the sales of frozen veggies. The prime growth aspects in the region involve high consumer purchasing power, financial sturdiness, and change in food likings.

Asia Pacific documented a considerable growth in the global market owing to consumer acceptance of digital retailing platforms. The rising number of cold chain amenities in numerous developing nations is further aiding regional market growth.

North America is anticipated to hold the third-largest market share owing to high consumer consciousness concerning the profits of Frozen Food.

Competitive Landscape:

Ground-breaking Product Presentation by Crucial Players to Direct Market Growth

The vital players in the market deploy numerous approaches to strengthen their position in the market as pioneering companies. One such considerable plan is attaining companies to upsurge the brand value between consumers. Another key strategy is persistently launching radical products with comprehensive assessment of the market and its target audience.

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Pasta Market Share, Global Industry Demand, Revenue, Regional Insights and Forecast by 2029

The global pasta market size was valued at USD 43.63 billion in 2021. The market is projected to rise from USD 46.84 billion in 2022 to USD 77.83 billion by 2029 at 7.52% CAGR during the forecast period 2022-2029. Fortune Business Insights™ has deep-dived into these insights in its latest research report titled, “Pasta Market, 2022-2029.”

According to the study, pasta products will be sought-after across advanced and emerging economies, partly due to the trend for the Western diet. Moreover, soaring penetration of ready-to-cook food products has boosted the industry's growth. However, mixed impact from the COVID-19 pandemic compelled stakeholders to redefine their strategies.

Major Players Profiled in the Pasta Report:

Barilla G. e R. F.lli S.p.A. (Italy)
Ebro Foods, S.A. (Spain)
CAMPBELL SOUP COMPANY (U.S.)
TreeHouse Foods, Inc. (U.S.)
Unilever (U.K.)
The Kraft Heinz Company (U.S.)
BORGES INTERNATIONAL GROUP (Spain)
Nestlé (Switzerland)
F.lli De Cecco di Filippo S.p.A (Italy)
Armanino Foods of Distinction (U.S.)
Drivers and Restraints

Rising Footfall of Convenient Food to Underpin Industry Growth

Industry participants expect the trend for ready-to-eat food products to boost the pasta market growth during the forecast period. The Unione Italiana Food and ICE Agency claims that the product consumption surged in Germany, Italy, the U.S., and France during lockdown. Strong consumption of the product amidst the pandemic will foster the business outlook. Notably, the dish has become an invaluable part of diet globally. According to Oxfam, it is regarded as the favorite dish in the world. Current trends suggest leading companies will continue to inject funds into the market landscape.

However, low wheat production along with aversion toward high-calorie food could bring a notable shift in the industry. A notable surge in health-conscious consumers will compel industry players to rethink their strategies.

Regional Insights

Europe to Offer Promising Opportunities with Growing Footfall of Gluten-free Dish

A palpable surge in millennials and the Gen Z population across the U.K., France, and Italy has brought a paradigm shift in the product manufacturing. Prominently, manufacturers have upped investments in gluten-free products. The market in Europe was valued at USD 18.35 billion in 2021 and will witness a similar trend owing to the demand for chilled products.

The Asia Pacific pasta market share will observe an appreciable gain during the forecast period due to the presence of leading companies across China, Japan, Australia, and India. A gradual rise in purchasing power in emerging economies could aid the regional growth. The demand for traditional recipes and methods for cooking the product will be noticeable in the ensuing period.

Industry participants are poised to inject funds into the North America industry following the penetration of online channels and convenience stores. Health-conscious consumers are likely to encourage manufacturers to streamline the supply chain process. Industry participants expect chilled and dried products to gain traction across the U.S. and Canada.

Competitive Landscape

Industry Players to Invest in Product Launches to Grow their Portfolio

Well-established players and emerging companies are predicted to focus on mergers & acquisitions, product launches, technological advancements, and R&D activities. Current trends indicate leading companies are slated to focus on geographical expansion during the forecast period.

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Halal Food and Beverages Market Size, Business Revenue, Leading Competitors, Latest Trends and Forecast by 2028

The global halal food and beverages market size was USD 1.96 trillion in 2020. The market is projected to grow from USD 2.09 trillion in 2021 to USD 3.27 trillion by 2028, exhibiting a CAGR of 6.56% during the forecast period of 2021-2028.

Fortune Business Insights™ provides this information in its report, titled, “Halal Food and Beverages Market, 2021-2028.” According to our researchers, the growing Islamic population across the globe coupled with the rising consumer worries concerning food safety, superiority, and animal brutality have substantially upsurged the demand for halal food & beverages. Moreover, the constantly extending distribution network and the assessment in customer buying configurations are projected to further power the global market in the forthcoming years.

Commotion in Supply Chain to Hinder Market Growth amid COVID-19 Crisis

The preliminary months of the COVID-19 pandemic had disturbed all stages in the supply chain cycle of the halal food and beverage industry. The prominent manufacturers in Islamic and non-Islamic nations registered a decline in the workforce which considerably impacted the production ability. Additionally, the strike in demand for retail products such as pre-cooked and ready-to-eat meat products too adversely influenced the industry.

The affirmative progression in the customer's preferences for halal products owing to their welfare and superiority is estimated to drive the halal food and beverages market growth in the foreseeable future.

Segmentation

By Product, the global market is segregated into meat, poultry & seafood, dairy products, cereal & grain-based products, non-dairy beverages, fruits, vegetables & nuts. By distribution channel, the market is divided into traditional retailers, supermarkets/hypermarkets, online retail, and others. Geographically, the market is classified into North America, Europe, Asia Pacific, South America, and the Middle East & Africa

Drivers and Restraints

Increasing Islamic Population & Moving Customer Responsiveness to Fuel Market Growth

Islam is the quickest-growing religion globally, which affirmatively impacts the global demand for halal food & beverage products. As per the latest record declared by the Government of Saudi Arabia, the global Muslim population signifies about 28.26% of the total world population.

Additionally, the rising consciousness among the Muslim population concerning the requirement and inevitability to ingest only halal food predominantly powers the growth of the global market. Moreover, the growing dispensable revenue levels of the Islamic population are further anticipated to thrust the market growth during the upcoming years.

Regional Insights

Asia Pacific held the maximum halal food and beverages market share and was valued USD 1.20 trillion in 2020. The largest Islamic population is focused in the Asia Pacific region as the four biggest nations in terms of the Muslim population are situated on this continent, comprising India, Indonesia, Pakistan, and Bangladesh.

The Middle East and Africa have huge latent for the market growth as the customers in this region are principally Muslim with increasing per capita revenues.

Europe is observing significant growth in the market. Surging flexible incomes coupled with a rising Muslim population is estimated to elevate the demand for halal products.

Competitive Landscape

The major players such as Cargill, Inc., Nestle S.A., and Unilever are fixated on novel product improvements, collaborations, and procurements to associate the market. The advent of small-scale companies in this market expressively donates to the competition occurring within the market, which has an optmistic influence on the market's growth.

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Pisco Market Growth, Development Factors, Size, Latest Trends and Forecast Report by 2027

The global pisco market size is projected to reach USD 1,057.8 million by 2027, exhibiting a CAGR of 6.2% during the forecast period. Increasing awareness about the potential health benefits of pisco will play a central role in augmenting the development of this market. Pisco is a certain type of brandy that is derived from fermented grape juice. The drink is native to Chile and Peru, where pisco is considered the national beverage. Not only does pisco have an exotic taste but it also offers some distinct health benefits to drinkers. For example, drinking pisco after meals stimulates secretion of gastric juices, thus aiding digestion.

Moreover, in case of hypothermia, adding pisco in hot tea along with lemon and honey can bring instant warmth to the body and prevent the body temperature from rising suddenly. In addition to this, flu-induced sore throat and fever can also be relieved by taking pisco-based tinctures. Thus, this Peruvian-Chilean drink promises a host of advantages related to health, which will increase its consumption around the world.

List of Key Companies Profiled in the Pisco Market Report:

Pisco Portón (Ica, Peru)
Catan Pisco (Chicago, United States)
Pisco MalPaso (Coquimbo, Chile)
Barton Solvent Inc. (Peru)
Cooperativa Agricola Pisquera Elqui Ltda (Santiago, Chile)
Compañia Cervecerias Unidas (Las Condes, Chile)
Pisquera Tulahuen SpA (Monte Patria, Chile)
La Diablada Pisco (Peru)
Bauzá (Chile)
Macchu Pisco (Peru)
Restraining Factors

Staggered Operations of Hotels & Bars amid COVID-19 to Restrict Market Growth

The pisco market growth is facing massive impediments amid the COVID-19 as the pandemic led to the initial closure and subsequent staggered opening of bars and restaurants in major economies. In the US, for example, the states of Florida and Texas announced that bars will have to shut down to stop the spread of the coronavirus, when cases spiked in June 2020.

In March, when the pandemic erupted, several casinos in Las Vegas closed their operations, while states such as Ohio and California directed bars and restaurants to announce temporary closures. Even now, with countries slowly restoring economic activities, bars are being forced to follow strict time and social distancing regulations. For example, in the UK, bars have been instructed to close down by 10pm, while in India the Maharashtra state government has allowed bars and restaurants to function with limited capacity. The imposition of the coronavirus-induced lockdown and social distancing measures on bars is, therefore, likely to stymie the demand and consumption of exotic alcoholic beverages such as pisco.

Regional Insights

South America to Occupy Driver’s Seat; Europe to Present Exciting Prospects

At USD 374.4 million, South America dominated the pisco market share in 2019 as the region is home to the two largest producers of the drink in the world, Peru and Chile. Companies in this region are constantly innovating and developing unique alcoholic blends to cater to the growing popularity of exotic drinks in North America and Europe. Moreover, the companies are also producing premium pisco variants for the domestic as well as the international market.
Europe is slated to emerge as the second-largest region for this market due to the surging demand for traditional foreign alcohols across the continent. In Asia Pacific, the market outlook appears wide and bright on account of the deepening cultural and trade relations among Asian and South American countries.

Competitive Landscape

Cooperative Agreements and Measured Expansions to Spur Competition
With pisco gaining widespread popularity, grape producers and alcohol companies in Chile and Peru are seeking agreements that can help farmers as well as the key market players. These mutually beneficial deals are crucial as they provide incentives to key players to innovate and expand their operations, while farmers are encouraged to produce more and adopt modern farming technologies.

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Gluten Free Food Market Share, Size, Revenue, Latest Trends, Growth Opportunities and Forecast by 2028

The global gluten free food market size was valued at USD 5.25 billion in 2020. The market is estimated to grow from USD 5.72 billion in 2021 to USD 9.99 billion in 2028, exhibiting a CAGR of 8.29% during the forecast period. The increasing popularity of the product’s benefits, rising demand for functional foods, and increasing product innovations are expected to fuel the market growth. Fortune Business Insights™ mentions this information in its report titled “Gluten free Food Market, 2021-2028.”

Gluten-free food is produced for people suffering from gluten allergies and celiac diseases. The consumption of gluten can be damaging and may lead to intestine swelling. Therefore, the consumption of the product is expected to increase rapidly. Furthermore, rising awareness regarding the health benefits of such products is expected to increase adoption. Moreover, rising demand for functional foods and increasing product innovations may attract sales. These factors are expected to foster industry development in the coming years.

List of Key Players Profiled in the Report:

The Kraft Heinz Company (Illinois, U.S.)
The Hain Celestial Group Inc. (New York, U.S.
General Mills Inc. (Minnesota, U.S.)
Kellogg’s Company (Michigan, U.S.)
Conagra Brands, Inc. (Illinois, U.S.)
Barilla G.E.R Fratelli S.P.A (Parma, Italy)
Noumi Limited (Australia)
Enjoy Life Foods (Mondelez International) (Illinois, U.S.)
Alara Wholefoods Ltd. (London, U.K.)
Prima Foods Ltd. (South Wales, U.K.)
Segments

Type, Distributional Channel, and Region are Studied

By type, the market is segmented into baby food, pastas & pizzas, snacks & RTE products, bakery products, and condiments & dressings. As per the distributional channel, it is categorized into supermarkets/hypermarkets, convenience stores, specialty stores, drugstores & pharmacies, and online retails. Geographically, it is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Drivers and Restraints

Rising Prevalence of Gluten Intolerance and Celiac Disease to Fuel Market Progress

The rising prevalence of gluten intolerance and celiac diseases is expected to boost the adoption of gluten-free food. As per the information provided by the Clinical Gastroenterology and Hepatology journal, nearly 1.4% global population is detected with celiac disorder. Furthermore, the rising demand for free-from and convenience foods is expected to boost the product adoption. Furthermore, rising reliability on nutritional convenience foods is expected to increase the adoption of the product. Moreover, the rising adoption of flavored food products with nutritional benefits is expected to bolster the Gluten free Food Market growth.

However, higher product prices and low market penetration are expected to hinder the market’s progress.

Regional Insights

Growing Inclination Towards Healthy Diet to Boost Industry Progress in North America

North America is expected to dominate the Gluten free Food Market share due to the growing inclination toward a healthy diet. The market in North America was USD 2.72 billion in 2020 and is expected to achieve a high market share in the coming years. Further, rising awareness regarding celiac disorder from consumers and the availability of a gluten-free diet products are expected to boost the market development.

In Europe, rising demand for free-from products from Germany, Italy, and the U.K. is expected to boost gluten-free products’ adoption. Furthermore, manufacturers focus on developing innovative foods such as gluten-free pasta to boost sales. These factors may propel the market development.

In Asia Pacific, rapid digitization and westernization lead to the acceptance of gluten-free food products. Furthermore, the growing artisanal bakery sector is expected to boost market progress.

Competitive Landscape

Manufacturers Focus on Launching Novel Products to Boost Brand Image

Prominent companies operating in the market devise novel product launches to attract consumers and boost brand image. For example, in June 2021, Ulrick & Short Limited announced fazenda Nutrigel, a gluten-free functional flour, to improve the viscosity and overall texture of gluten-free bakery foods. Through this launch, the company may attract consumers and boost its brand image. Furthermore, the adoption of research and development, expansions, acquisitions, and technologically advanced production techniques boosts the market player’s position.

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