Asia Pacific Frozen Food Market Size & Outlook, 2023-2030
Asia Pacific frozen food market, 2018-2030 (US$M)
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Asia Pacific frozen food market highlights
- The Asia Pacific frozen food market generated a revenue of USD 119,444.3 million in 2023.
- The market is expected to grow at a CAGR of 6.8% 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.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 119,444.3 million |
| Market revenue in 2030 | USD 189,245.3 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Frozen desserts |
| Fastest growing segment | Fruits & Vegetables |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Asia Pacific region accounted for 25.0% of the global frozen food market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 189,245.3 million by 2030.
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Frozen Food Market Scope
Frozen Food Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 22.96% in 2023. Horizon Databook has segmented the Asia Pacific 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.
The increasing number of cold chain facilities in developing countries across the Asia Pacific region is playing a crucial role in the development of frozen food market. Cold chain facilities are crucial for preserving frozen foods and ensuring their quality and safety. With the growing demand for frozen foods, there has been a significant increase in the number of cold chain facilities in countries like India, China, and Indonesia.
This has not only improved the availability of frozen foods in these countries but has also increased the shelf life of these products, making them more attractive to consumers. Furthermore, the availability of preserved foods and free sample offerings through online retailers is also playing a significant role in the growth of the frozen food market in Asia Pacific.
The October 2021 issue of the renowned Asian Meat Magazine highlighted the growing trend of meat companies investing in their infrastructure to meet the ever-increasing demand for frozen meat products processed through the frozen meat processing facilities.
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Our clientele includes a mix of frozen food market companies, investment firms, advisory firms & academic institutions.
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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 continent-level data and insights on the Asia Pacific frozen food market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific frozen food market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific frozen food market size, by country, 2018-2030 (US$M)
Asia Pacific Frozen Food Market Outlook Share, 2023 & 2030 (US$M)
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