China Frozen Food Market Size & Outlook, 2023-2030
China frozen food market, 2018-2030 (US$M)
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China frozen food market highlights
- The China frozen food market generated a revenue of USD 70,063.8 million in 2023 and is expected to reach USD 111,564.5 million by 2030.
- The China market is expected to grow at a CAGR of 6.9% 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 70,063.8 million |
| Market revenue in 2030 | USD 111,564.5 million |
| Growth rate | 6.9% (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, China accounted for 14.7% 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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China 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 22.85% in 2023. Horizon Databook has segmented the China 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 demand for prepared foods, also known as yùzhì cài in China, has traditionally been limited to corporate cafeterias, schools, and other commercial and institutional consumers. However, in recent years, there has been a significant increase in the demand for these foods among general consumers.
Popular options include pre-cooked retort foods and frozen dishes like fried rice, beef bowls, and dumplings. Moreover, the Chinese government has recognized the potential of this market and has included it in its 14th Five-Year Plan (2021-2025) for cold-chain logistics development.
The cold-chain logistics system ensures the safe and efficient transportation of perishable goods, including prepared foods, from the point of origin to the point of consumption. The Chinese frozen food market is currently dominated by four top leading companies, namely Sinian, Sanquan Food Co Ltd, Apex Frozen Foods, and Longfeng.
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Target buyers of China 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 China frozen food market , including forecasts for subscribers. This country databook contains high-level insights into China frozen food market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China frozen food market size, by product, 2018-2030 (US$M)
China Frozen Food Market Outlook Share, 2023 & 2030 (US$M)
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