Brazil Frozen Food Market Size & Outlook, 2023-2030
Brazil frozen food market, 2018-2030 (US$M)
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Brazil frozen food market highlights
- The Brazil frozen food market generated a revenue of USD 18,280.2 million in 2023 and is expected to reach USD 23,779.2 million by 2030.
- The Brazil market is expected to grow at a CAGR of 3.8% 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.
Frozen food market data book summary
| Market revenue in 2023 | USD 18,280.2 million |
| Market revenue in 2030 | USD 23,779.2 million |
| Growth rate | 3.8% (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, Brazil accounted for 3.8% 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 Latin America, Brazil frozen food market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 11,246.0 million by 2030.
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Frozen Food Market Scope
Frozen Food Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 23.13% in 2023. Horizon Databook has segmented the Brazil 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.
Regional frozen food and fresh meat manufacturers are strategically leveraging the country's cultural and culinary diversity to tap into various growth opportunities. By specializing in specific market segments, these manufacturers effectively cater to the nuanced preferences of Brazilian consumers.
In April 2023, Seara Foods, a subsidiary of JBS S.A., introduced ten innovative frozen breaded poultry products in April and May 2023. These offerings, made entirely from chicken breast meat, come in snack-like shapes. Moreover, with the rise in health consciousness and the increasing demand for convenience, consumers are looking for more nutritious and convenient food options.
Frozen fruits and vegetables, which are picked at their peak ripeness and frozen immediately, retain their nutrients and are available year-round, making them an attractive option for health-conscious consumers. Therefore, market players and distributors in the country have strategically emphasized importing fresh fruits and vegetables to cater to the growing demand.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil frozen food market , including forecasts for subscribers. This country databook contains high-level insights into Brazil frozen food market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil frozen food market size, by product, 2018-2030 (US$M)
Brazil Frozen Food Market Outlook Share, 2023 & 2030 (US$M)
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