The frozen food market in Europe is set to grow by USD36.76 billion and register a CAGR of over 6% during 2021-2025, according to a new study by Technavio entitled “Frozen Food Market in Europe by Product and Geography – Forecast and Analysis 2021-2025.”
The report states that 2021 will see a growth of 10.9% for the overall market, to which Western Europe contributes by about 75%.
The total incremental growth by 2025 will be of USD36.7bn, and the market will continue to be dominated by a few major players including Dr August Oetker KG, FRoSTA AG, Iceland Foods Ltd., McCain Foods Ltd., Nestle SA, Nomad Foods Ltd., Orkla ASA, Quirch Foods LLC, Smithfield Foods Inc, and William Jackson Food Group.