Frozen Food Market to Reach USD600bn

The global frozen food market is projected to reach a valuation of USD602,257bn by 2032, with sales growing at a CAGR of 6.7% during the next 10 years.

According to a new report by Future Market Insights, the frozen food market is further benefitting from this shift in consumer preferences to expand the production of healthy products. The dairy industry in this field is producing items with low sugar content and minimal processing. Diary-based frozen foods such as yogurt, and ice cream are good sources of vitamin D, phosphorus, and calcium. This is expected to foster growth of the target market.

Europe’s frozen food market accounts for 40.9% share of the total global market. North America is expected to be the most opportunistic with a 33.4% share of the total frozen food market.

“Changes in lifestyle, preference for convenience food, and rising single-person households propel the global growth of the frozen food market over the forecast period,” says an FMI analyst.