ANZ Frozen Food Market Size & Outlook, 2023-2030
ANZ frozen food market, 2018-2030 (US$M)
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ANZ frozen food market highlights
- The ANZ frozen food market generated a revenue of USD 8,480.5 million in 2023 and is expected to reach USD 12,641.6 million by 2030.
- The ANZ market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, frozen desserts was the largest revenue generating product in 2023.
- Fruits & Vegetables is the most lucrative product segment registering the fastest growth during the forecast period.
Frozen food market data book summary
| Market revenue in 2023 | USD 8,480.5 million |
| Market revenue in 2030 | USD 12,641.6 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Frozen desserts |
| Fastest growing segment | Fruits & Vegetables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fruits & Vegetables, Potatoes, Ready Meals, Meat, Fish/Seafood, Frozen Desserts, Bakery Products |
| Key market players worldwide | Nestle SA, Unilever PLC ADR, General Mills Inc, Nomad Foods Ltd, Tyson Foods Inc Class A, Conagra Brands Inc, Wawona Frozen Foods, Bellisio Foods, Kellogg's, Kraft Foods Group |
Other key industry trends
- In terms of revenue, ANZ accounted for 1.8% of the global frozen food market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China frozen food market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 19,170.3 million by 2030.
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Frozen Food Market Scope
Frozen Food Market Companies
| Name | Profile | # Employees | HQ | Website |
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ANZ frozen food market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to frozen food market will help companies and investors design strategic landscapes.
Frozen desserts was the largest segment with a revenue share of 22.72% in 2023. Horizon Databook has segmented the ANZ frozen food market based on fruits & vegetables, potatoes, ready meals, meat, fish/seafood, frozen desserts, bakery products covering the revenue growth of each sub-segment from 2018 to 2030.
Australian and New Zealand consumers place a premium on quality, taste, and freshness when it comes to food products, including frozen foods. As a result, there is a growing demand for premium and gourmet frozen meals that offer restaurant-quality flavors and ingredients.
In addition, there is a trend toward ethnic and international cuisines, leading to increased demand for frozen meals from various global cuisines. Both Australia and New Zealand have stringent regulations governing food safety and labeling, ensuring that frozen food products meet high standards of quality and hygiene.
Regulatory bodies monitor and enforce compliance with food safety standards to protect consumer health and maintain consumer trust in the frozen food market. The demand for cold and frozen food storage in Australia and New Zealand has been on the rise, and popular warehousing and logistics firms are taking significant steps to meet this growing demand.
Reasons to subscribe to ANZ frozen food market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of ANZ frozen food market databook
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Our clientele includes a mix of frozen food market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the ANZ frozen food market , including forecasts for subscribers. This country databook contains high-level insights into ANZ frozen food market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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ANZ frozen food market size, by product, 2018-2030 (US$M)
ANZ Frozen Food Market Outlook Share, 2023 & 2030 (US$M)
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