Chilled Food Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

The chilled food market is expected to register a CAGR of 6% during 2023 – 2031. The chilled food market is growing due to rising demand for convenience food.

Chilled Food Market Analysis

• The chilled food market is set to continue in its growth trend, which is driven by increasing consumer demand for convenience, health and quality. As the market is evolving, manufacturers as well as retailers need to be flexible to respond to new trends and make use of technological breakthroughs.
• Technological innovation has also been a key driver of the chilled food market’s growth. Over the years, food preservation techniques have been significantly improved due to refrigeration technology.
• In addition, modified atmosphere packaging, where fresh food is placed in a sealed bag filled with specific gases, also boosts the shelf life of products.
• The time constraint for cooking or less inclination to cook large meals from scratch provides practical solutions opportunity for market players to tap into the chilled food market.

Chilled Food Market Overview

• The chilled food market is one of the most dynamic and innovative sectors of the food industry. It is constantly evolving to meet the demands of the consumers, and its offerings are continuously being improved through advanced technologies.
• There are a number of trends that are contributing to the growth of the chilled food market. The increased popularity of chilled foods can be attributed to the convenience and busy lifestyles of consumers.
• The main product categories in the chilled food market range from ready-to-eat meals and salads to desserts, as well as meat and dairy products. All these products are kept refrigerated to keep them fresh and safe for consumption.

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Chilled Food Market: Strategic Insights

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Chilled Food Market Drivers and Opportunities

Increasing Demand for Convenience Food to Favor the Market

Fast-paced lifestyles of modern consumers have resulted in a greater demand for convenient meal solutions. Chilled foods, including ready-to-eat meals, salads and snacks, meet this demand with quick and easy options that require minimum preparation. This trend is especially noticeable among working professionals and families who are looking to save time. Consumers are increasingly placing greater emphasis on eating healthy. Many are looking for fresh and nutritional options, and perceive chilled foods to be healthier than frozen or shelf-stable goods, as chilled foods are usually made with fewer preservatives and use higher quality ingredients. Chilled foods are one of the strongVFest segments of the food industry, largely because consumers are looking for healthier and dieter-friendly options that cater to their eating preferences, such as plant-based and organic options.

Emergence of E-commerce Sales Channel

E-commerce is a key channel for new product launches in the chilled food market. Producers experiment with new flavors, dietary options and packaging to meet consumers’ changing needs around the world. Key market players analyse data regarding consumer buying behaviour and preferences through online sales channels, thereby influencing product launches. For instance, with the rise in vegan and vegetarian diets, there is an opportunity for new chilled food products. The rise of online grocery shopping has transformed how consumers purchase food. The convenience of ordering chilled foods online is appealing, especially in the wake of the COVID-19 pandemic. With home deliveries, people can purchase most of their food without having to visit the shops. This shift is expected to drive significant growth in the e-commerce segment of the chilled food market.

Chilled Food Market Segmentation Analysis

Key segments that contributed to the derivation of the chilled food market analysis are product type, and distribution channel.

• Based on product type, the chilled food market is divided into bakery and confectionery, meat, poultry and seafood, beverages, dairy products, ready meals, and others.
• On the basis of distribution channel, the market is divided into supermarkets and hypermarkets, convenience stores, online retail, and others.

Chilled Food Market Share Analysis by Geography

• Chilled Food Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering chilled food market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers Porter’s Five Forces analysis, which involves the study of major factors that influence the chilled food market in these regions.

Chilled Food Market Regional Insights

The regional trends and factors influencing the Chilled Food Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Chilled Food Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Chilled Food Market Report Scope

Chilled Food Market Players Density: Understanding Its Impact on Business Dynamics

The Chilled Food Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Chilled Food Market are:

1. Nestlé SA
2. ConAgra Foods Inc
3. Hormel Foods Corp
4. Grupo Bimbo SAB de CV
5. Kraft Heinz Company
6. Del Monte

Disclaimer: The companies listed above are not ranked in any particular order.

Chilled Food Market News and Recent Developments

The chilled food market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the chilled food market are listed below:

• Fish Said Fred launched two new SKUs for its oven ready range. The developed product, Thai Green Cod Curry contains chunky cod pieces in a Thai Green Curry sauce, whereas Tuna Katsu Curry contains crispy katsu tuna bites with a katsu curry sauce. (Source: Fish Said Fred/Press Release/2024)
• TRIP, the UK’s largest private carbonated drinks brand, launched first-to-market functional mushroom and adaptogen range – Mindful Blend. (Source: TRIP/Press Release/2024)

Chilled Food Market Report Coverage and Deliverables

The “Chilled Food Market Size and Forecast (2021 – 2031)” provides a detailed analysis of the market covering below areas:

• Chilled food market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Chilled food market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed Porter’s Five Forces and SWOT analysis
• Chilled food market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the chilled food market
• Detailed company profiles