Chilled Processed Food Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.65 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Chilled Processed Food Market Analysis
The chilled processed food market is projected to record a CAGR of 5.65% in the upcoming five years.
Due to busy lifestyles, the demand for convenience foods is rising. Chilled processed food has a short cooking time, hence attracting many consumers. Consumers tend to choose chilled processed foods to reduce the time and effort in preparing food. Chilled products claim to retain the original flavor of the products and are easy to store. As they tend to have longer shelf lives than fresh products, consumers are opting for these products to minimize visiting retail establishments.
The growing working population among major countries drives the market positively as consumers prefer convenience to save time. The Ministry of Internal Affairs and Communications of Japan revealed that about 68.49 million of the total population were working as of 2018. This number increased to 69.02 million in 2022.
With increasing health consciousness among consumers, they are inclined toward consuming organic-based processed food products to restrict the excess consumption of artificial ingredients. Hence, consumers tend to prefer organic food such as chilled vegetables and fruits.
Chilled Processed Food Market Trends
Growing Demand for Convenience Food
Chilled processed food provides convenience in cooking and facilitates high-speed cooking, which is a major factor boosting the growth of the chilled processed food market. Owing to this convenience factor, chilled ready meals, processed meat, and other products like chilled vegetables are gaining importance in the market. The disposable incomes of consumers and the ever-growing population have led to an increased demand for chilled processed food, significantly boosting the market's rapid growth. Chilled processed foods provide consumer satisfaction by maintaining the desired food quality and standards, which is another remarkable factor expected to open new market opportunities for the chilled processed food market.
Increasing gluten intolerance among consumers in the market has propelled the demand for products that claim to be gluten-free in the bakery product range. Consumers tend to look for these claims in the packaging before purchases. Hence, manufacturers tend to use gluten-free ingredients to claim and market these products as gluten-free to attract consumers. For instance, Totally Gluten Free Bakery in New Zealand offers various chilled bakery products such as pastries, bread, and other bakery products.
North America Dominates the Market
North America dominates the market due to several regional and multinational players offering a variety of chilled processed food products in the market. The United States holds the largest market share in North America, with increasing demand for chilled processed foods for convenience. This inclination toward convenience is observed in the market due to the increasing working population. For instance, the Bureau of Labor Statistics of the United States revealed that the total full-time working population in the country significantly increased from 127.16 million in 2021 to 132.25 million in 2022. Such factors have helped drive the market in the recent past.
With increasing health awareness, consumers in the region are shifting toward vegan-based and plant-based diets, resulting in increasing demand for vegan meat and vegan-claimed chilled processed food in the market. Thus, players operating in the region are primarily offering chilled food that is ready to eat and ready to cook in nature. For instance, Beyond Meat Inc. offers a variety of plant-based meat products in chilled format. Plant-based burger patties and meats are among the popular products in the portfolio.
Chilled Processed Food Industry Overview
The market for chilled processed food is highly fragmented, with vendors competing in terms of innovation, pricing, and distribution. Processed food needs to be stored at a very low temperature so as to maintain quality, which requires high capital investment. Hence, they are considered a major challenge to the vendors. Some of the major key players in the chilled processed food market include ConAgra Foods Inc., Grupo Bimbo SAB de CV, Mondelez International, Hormel Foods Corp., Pepsico, Inc., Nestle SA, and General Mills.
Chilled Processed Food Market Leaders
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ConAgra Foods Inc.
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General Mills
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Grupo Bimbo SAB de CV
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Kraft Foods Inc.
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Nestle SA
*Disclaimer: Major Players sorted in no particular order
Chilled Processed Food Market News
- In January 2023, Beyond Meat Inc., operating in the United States, launched its new chilled and frozen varieties of Beyond Burger, Beyond Sausage, Beyond Mince, and other popular plant-based products.
- In August 2022, unMEAT launched its new chilled meat products in the United States. The products are claimed to be plant-based meat products. Plant-based Luncheon product range offers various chilled canned meat that has American and Asian cuisine flavors. A few of the products include Luncheon Style Meat and Burger Style Luncheon Meat.
- In June 2022, Cinnabon, operating in the United States, launched chilled bakery products in the market. The products include Chocolate BonBites, retailed across Cinnabon's US bakeries and other third-party retailers such as mall bakeries, Maverick, and Pilot Flying J Travel Centers in the United States.
Chilled Processed Food Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Product Type
- 5.1.1 Processed Red Meat
- 5.1.2 Processed Poultry
- 5.1.3 Processed Fish/Sea Food
- 5.1.4 Processed Vegetables and Potatoes
- 5.1.5 Bakery Products
- 5.1.6 Ready Meals
- 5.1.7 Pizza, Soup, and Noodles
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5.2 Distribution Channel
- 5.2.1 Supermarkets/Hypermarkets
- 5.2.2 Convenience/Grocery Stores
- 5.2.3 Specialty Food Stores
- 5.2.4 Online Retail Stores
- 5.2.5 Other Distribution Channels
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Spain
- 5.3.2.2 United Kingdom
- 5.3.2.3 Germany
- 5.3.2.4 France
- 5.3.2.5 Italy
- 5.3.2.6 Russia
- 5.3.2.7 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle East and Africa
- 5.3.5.1 South Africa
- 5.3.5.2 United Arab Emirates
- 5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 ConAgra Foods Inc.
- 6.3.2 General Mills
- 6.3.3 Grupo Bimbo SAB de CV
- 6.3.4 Hormel Foods Corp.
- 6.3.5 Kellogg Co.
- 6.3.6 Kraft Foods Inc.
- 6.3.7 Kroger Co.
- 6.3.8 Mondelēz International Inc.
- 6.3.9 Nestlé SA
- 6.3.10 PepsiCo Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. ABOUT US
** Subject To AvailablityChilled Processed Food Industry Segmentation
Chilled processed food is prepared foods stored at refrigerated temperatures to enhance their shelf-life. The chilled processed food market is segmented by product type, distribution channel, and geography. By product type, the market is segmented into processed red meat, processed poultry, processed fish/seafood, processed vegetables and potatoes, bakery products, ready meals, pizza, soup, and noodles. The market is segmented by distribution channels into supermarkets/hypermarkets, convenience/grocery stores, specialty food stores, online retail stores, and other distribution channels. By geography, the study provides an analysis of the chilled processed food market in emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The report offers market size and forecasts in value (USD million) for the above segments.
| Product Type | Processed Red Meat | |
| Processed Poultry | ||
| Processed Fish/Sea Food | ||
| Processed Vegetables and Potatoes | ||
| Bakery Products | ||
| Ready Meals | ||
| Pizza, Soup, and Noodles | ||
| Distribution Channel | Supermarkets/Hypermarkets | |
| Convenience/Grocery Stores | ||
| Specialty Food Stores | ||
| Online Retail Stores | ||
| Other Distribution Channels | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | Spain |
| United Kingdom | ||
| Germany | ||
| France | ||
| Italy | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle East and Africa | South Africa |
| United Arab Emirates | ||
| Rest of Middle East and Africa |
Chilled Processed Food Market Research FAQs
What is the current Chilled Processed Food Market size?
The Chilled Processed Food Market is projected to register a CAGR of 5.65% during the forecast period (2024-2029)
Who are the key players in Chilled Processed Food Market?
ConAgra Foods Inc., General Mills, Grupo Bimbo SAB de CV, Kraft Foods Inc. and Nestle SA are the major companies operating in the Chilled Processed Food Market.
Which is the fastest growing region in Chilled Processed Food Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Chilled Processed Food Market?
In 2024, the North America accounts for the largest market share in Chilled Processed Food Market.
What years does this Chilled Processed Food Market cover?
The report covers the Chilled Processed Food Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Chilled Processed Food Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Chilled Processed Foods Industry Report
Statistics for the 2024 Chilled Processed Foods market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Chilled Processed Foods analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
