Europe Frozen Food Market to be Driven by Rising Urban Income, Economic Stability and High Consumer Purchasing Power During the Forecast Period 2021-2026

Expert Market Research’s new report titled, “Europe Frozen Food Market Report and Forecast 2021-2026”, gives an in-depth analysis of the Europe Frozen Food Market, assessing the market based on its segments such as product , type, end use, and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

Note 1: For an overview of primary and secondary market data (2016-2026), along with business strategies and detailed market segmentation, please click on the sample demand report. The sample report will be delivered to you within 24 hours.

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Key highlights of the report include:

Market Overview (2016-2026)

  • Historical market size (2020): $73.3 billion

Europe, together with North America, is one of the most important regional markets for frozen products. Germany, France and the United Kingdom are three of the most important European markets for frozen products. During the historic era of 2016-2020, Germany and the UK saw strong market expansion. France, too, is rapidly incorporating frozen foods into its daily diet, accelerating the industry’s growth in Europe. Major forces fueling the growth of the market include rising urban incomes, economic stability, and strong consumer spending power. The growing popularity of frozen foods in Europe can also be attributed to consumer preferences for ready-to-eat foods, product profitability, globalization of kitchens, changing cooking practices, favorable regulations, practices industry players and increasingly busy consumers. lifestyles. Additionally, the advent of a variety of healthy and diet frozen meals has increased the appeal and convenience of frozen foods, driving the growth of the market. The rising popularity of veganism is expected to drive the growth of the market, opening up new avenues for product diversity and innovation.

Industry definition and major segments

Frozen foods are foods that have been kept at low temperatures for a longer period and therefore have a longer shelf life. Peas, fries, sausages, carrots, pizza, sweet corn and other meals are among them. Frozen foods became a staple diet, especially for Americans, after World War II, although they had long been used as a preservation technique in colder places. The popularity of frozen meals grew alongside the growing popularity of refrigerators in the 20th century. Frozen foods have been widely adopted in the 21st century, due to a more hectic lifestyle and a growing need for convenient nutrition.

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By product, the market is categorized into:

  • Frozen ready meals
  • Frozen fish and seafood
  • Frozen meat and poultry
  • Frozen fruits and vegetables
  • Others

Major Types of Frozen Food Market are:

  • Raw material
  • Half-cooked
  • Ready to eat

On the basis of end-use, the frozen food market is segmented into:

  • Retail
  • Restaurant industry
  • Others

Europe Frozen Food Market Regions Include:

  • UK
  • Germany
  • France
  • Italy
  • Others

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Market trends

Some of the major industry drivers are the rapid development of food chains, supermarkets, hypermarkets, and convenience stores, along with the easy availability and increased quality of items. In addition, the rapid growth of the frozen food sector in Europe is supported by the robust growth of the food sector and the increasing rate of female employees.

While the current coronavirus crisis has hurt key businesses, the pandemic has benefited Europe’s frozen food sector. During the pandemic, consumers in the region have purchased more frozen foods, with spending on frozen foods per household increasing during the COVID-19 crisis in 2020. According to the British Frozen Food Federation (BFFF), retail sales frozen food in the UK increased from £872 million to over £7 billion per year in 2020. The increase in frozen food purchases can be attributed to the product’s extended shelf life, ease of access through online channels and availability of a wide selection of vegetarian and vegan options.

Main market players

The major market players are FRoSTA AG, McCain Foods Limited, Nestlé SA, Nomad Foods Europe Limited, Congelados Cientocinco, SL and others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

Note 2: As the novel coronavirus (COVID-19) continues to spread across the globe, our analysts are continuously monitoring the impact of this rapidly evolving situation on markets and consumer buying behaviors. Thus, our latest estimates and analysis on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.

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Mary I. Bruner