Market Size of Asia-Pacific Frozen Food Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.80 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Frozen Food Market Analysis
Asia-Pacific Frozen Food Market is projected to register a CAGR of 6.8% during the forecast period, 2022-2027.
The market is majorly driven by the growing consumer interest in shelf-stable food due to hectic lifestyles. Expanding working women population accompanied by economic development has fueled the demand for convenience food such as frozen food in the region over the past decade. Over the years, the market evolved from selling raw foods, such as frozen meat, fish, vegetables, and fruits, to prepared ready meals, ready-to-cook food such as dough, cutlets, gravy mixes, sandwiches, etc., and frozen desserts.
Convenience is the key factor influencing consumer preference as ready-to-cook frozen foods need less preparation time. Moreover, rising technological innovations including freezing technologies and a cold chain supply chain enable easy accessibility of frozen food products across the region, which in turn supports the market expansion. Further, the advent of new technologies has resulted in the affordability of frozen food. However, factors like the change in the flavors, including sweetness, fat content, and texture when compared to fresh foods are expected to affect the market's growth.
