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Frozen Foods Market Set to Hit $363.7 Billion by 2028

3/18/2025

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Summary

Story summary

The global frozen foods market is on a remarkable growth trajectory, expected to soar from USD 284.2 billion in 2023 to USD 363.7 billion by 2028, fueled by a 5.1% annual growth rate. Convenience, sustainability, and the rise of e-commerce are driving this trend, with Europe leading the charge, especially in frozen vegetable consumption, while the food service sector claims a significant market share.

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Story summary

The global frozen foods market is on a remarkable growth trajectory, expected to soar from USD 284.2 billion in 2023 to USD 363.7 billion by 2028, fueled by a 5.1% annual growth rate. Convenience, sustainability, and the rise of e-commerce are driving this trend, with Europe leading the charge, especially in frozen vegetable consumption, while the food service sector claims a significant market share.