Global Frozen Food Market projected to be worth USD 296.55 Billion by 2027 growing at 4.76%: Bonafide Research

Demand for frozen fruits & vegetables and ready meals will drive the frozen food market to grow robustly over the forecast period.

Clifton, New Jersey, Jan. 05, 2023 (GLOBE NEWSWIRE) — The research report titled, “Global Frozen Food Market Outlook, 2027,” published by Bonafide Research anticipates the market to grow rapidly over the forecast period at a CAGR of 4.76%. The rising consumer preference for ready-to-eat food products that need the least preparation and cooking time is the major growth driver. The global rise in women’s employment rates has spiked the demand for frozen food as cooking fresh meals becomes a challenge within a limited time frame. The trend toward convenience foods, as well as changes in lifestyle that result in altered dietary patterns and spending habits, have resulted in an increase in demand for frozen food products. The frozen food myth acts as a drawback, restricting consumers’ willingness to spend on these products. Furthermore, the growing preference for fresh and natural products complicates matters. The sodium content and starch content are found to be in greater proportion, which might have side effects that may hinder the market.

COVID-19 effect

The frozen food industry has seen steady growth since COVID-19 began as people gravitated towards foods with longer shelf lives. Decreasing grocery store visits and preparing for potential food shortages motivated consumers to shop frozen during the…