Frozen, Canned and Dried Food Market 2024 : Trends, Business Growth And Major Driving Factors | Nestle S.A., JBS S.A., Unilever plc, Tyson Foods Inc., Abbott Laboratories, The Kraft Heinz Company

"The frozen, canned and dried food market size has grown strongly in recent years. It will grow from $456.88 billion in 2023 to $486.75 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to growth of globalization and trade, military and emergency food supplies, rise of convenience foods, health and nutrition considerations, economic factors and affordability, preservation of seasonal produce.

The frozen, canned and dried food market size is expected to see strong growth in the next few years. It will grow to $614.71 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to focus on natural and clean label products, sustainability practices, plant-based and alternative proteins, convenience and ready-to-eat options, preservative-free products. Major trends in the forecast period include innovations in flavor profiles, e-commerce and online retailing, convenience-focused innovation, technological advancements in food processing, customization and personalization.

Market Overview -
Frozen foods are defined as foods that are preserved by a freezing process and stored in a freezer at the required temperature before cooking. Canned foods are defined as foods that are processed and sealed in airtight containers for a longer shelf life by a food preservation method. Dried and dehydrated foods are defined as foods from which the most of the original water content has been removed using a food preservation process.

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Growing Demand For Organic Food Products
The increasing demand for local, sustainable, and organic food production is expected to positively impact the frozen and fruit and vegetable markets during the forecast period. Organic food production, including organic frozen and fruit and vegetable markets, places a strong emphasis on consumer health, environmental protection, and animal welfare. Consumers are now becoming more concerned with how food is raised and prepared and are willing to pay a little more for something they recognize as healthy. For instance, in June 2022, the Organic Trade Association, a US-based trade association representing over 9,500 organic businesses, sales of organic fruits and vegetables increased by 4.5% with revenue of $21 billion representing 15% of the total product market in the year 2021 in the US. This growing demand for organic products offers considerable opportunities for frozen and fruit and vegetable market producers in both developed and developing countries, thus likely driving the market during the forecast period.

Competitive Landscape -
Major companies operating in the frozen, canned and dried food market report are Nestle S.A., JBS S.A., Unilever plc, Tyson Foods Inc., Abbott Laboratories, The Kraft Heinz Company, Toyo Suisan Kaisha Ltd., General Mills lnc., Kellogg Company, Hormel Foods Corporation, Conagra Brands Inc., The Hershey Company, Ajinomoto Co. Inc., The Campbell Soup Company, McCain Foods Limited, The J.M. Smucker Company, Nichirei Corporation, Birds Eye Foods Inc., Greenyard NV, Maruha Nichiro Corporation, Lamb Weston Holdings Inc., Pinnacle Foods Inc., Nomad Foods Ltd., The Schwan Food Company, Bonduelle SCA, Del Monte Pacific Limited, B&G Foods Inc., The Hain Celestial Group Inc., Seneca Foods Corporation, Dr. Oetker GmbH

Revolutionizing Frozen Food Production With Iqf Technology
Frozen food manufacturers are using technologies such as individual quick freezing (IQF) to improve the yield and quality of frozen foods. The IQF method involves transferring the individual food items on a conveyor belt into a blast freezer that quickly freezes the items. With the IQF method, every individual piece of food is frozen separately, as opposed to bulk or block freezing. This method boosts yield by 1.5-3% and results in better quality products with high nutritional value and less wastage. Examples of IQF foods include fruits such as blueberries, strawberries, and peaches, and vegetables such as corn, peas, and green beans. The global IQF vegetable market is expected to reach $2 billion by 2026, thus indicating significant demand for IQF food products in the future.

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Key Segments -
The frozen, canned and dried food market covered in this report is segmented -
1) By Type: Frozen Food, Canned And Ambient Food
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
3) By User: Food Service Industry, Retail Users

Subsegments Covered: Frozen Fruit, Juice, And Vegetable, Frozen Specialty Food, Fruit And Vegetable Canning, Specialty Canning, Dried And Dehydrated Food

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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