The new report by Expert Market Research titled, ‘Europe Frozen Food Market Size, Share, Growth, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the Europe frozen food market, assessing the market based on its segments like product, type, end use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2023-2028)
- Historical Market Size (2021): USD 65.84 Billion
Europe, along with North America, is one of the most important regional frozen food markets. Germany, France, and the United Kingdom are three of Europe’s most important frozen food markets. In the historical era of 2016-2020, both Germany and the United Kingdom had strong market expansion. France, too, is rapidly incorporating frozen foods into its daily diet, accelerating the industry’s rise in Europe. The primary forces fueling the market’s growth include rising urban income, economic stability, and strong consumer spending power. The rising popularity of frozen foods in Europe can also be attributed to consumer preferences for ready-to-eat foods, product cost-effectiveness, globalisation of cuisines, evolving culinary practises, favourable regulations, innovative practises by industry players, and consumers’ increasingly busy lifestyles. Furthermore, the advent of a variety of healthy and diet-related frozen meals has increased the appeal and convenience of frozen foods, boosting market growth. Veganism’s growing popularity is predicted to boost market growth, opening new prospects for product diversity and innovation.
Europe Frozen Food Industry Definition and Major Segments
Frozen foods are foods that have been maintained at low temperatures for a longer period and so have a longer shelf life. Peas, chips, sausages, carrots, pizza, sweet corn, and other meals are among them. Frozen foods became a staple diet, especially for Americans, following World War II, despite having been utilised as a technique of preservation for a long time in colder places. Frozen meals’ popularity grew in tandem with the rise in popularity of refrigerators in the twentieth century. Frozen food has seen widespread adoption in the twenty-first century, owing to a more hectic lifestyle and a growing need for convenient nourishment.
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By product, the market is classified into:
- Frozen Ready Meals
- Frozen Fish and Seafood
- Frozen Meat and Poultry
- Frozen Fruits and Vegetables
- Others
The major types of frozen food market are:
- Raw Material
- Half- Cooked
- Ready-To-Eat
Based on the end use, the frozen food market is segmented into:
- Retail
- Food Service Industry
- Others
The regions for Europe frozen food market include:
- United Kingdom
- Germany
- France
- Italy
- Others
Europe Frozen Food Market Trends
Some of the industry’s major drivers are the rapid development of food chains, supermarkets, hypermarkets, and convenience stores, as well as the easy availability and increased quality of items. Furthermore, the rapid growth of the frozen food sector in Europe is aided by the robust growth of the food sector and the growing rate of employed women.
While the ongoing coronavirus crisis has harmed key companies, the pandemic has benefited the frozen food business in Europe. During the pandemic, consumers in the region purchased more frozen food, with frozen food spending per household increasing during the COVID-19 crisis in 2020. According to the British Frozen Food Federation (BFFF), retail frozen food sales in the United Kingdom climbed by £872 million to over £7 billion per year in 2020. The increase in frozen food purchases can be ascribed to the product’s extended shelf life, ease of access via online channels, and the availability of a wide choice of vegetarian and vegan options.
Key Market Players
The major players in the market are FRoSTA AG, McCain Foods Limited, Nestlé SA, Nomad Foods Europe Limited, Congelados Cientocinco, S.L, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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