At 3.9% CAGR, the Europe Frozen Entrée Market is Projected to be Worth US$ 21,001.77 Million by 2030, says Business Market Insights

According to Business Market Insights research, the Europe frozen entrée market was valued at US$ 15,483.14 million in 2022 and is expected to reach US$ 21,001.77 million by 2030, registering a CAGR of 3.9% from 2022 to 2030. Strategic initiatives by manufacturers, burgeoning popularity of plant-based frozen entrée, and flourishing e-commerce industry are among the critical factors attributed to the Europe frozen entrée market.         

In recent years, the emergence of e-commerce has revolutionized consumer shopping and spending habits. Smartphone and internet penetration, emerging technologies, rising purchasing power, and convenience provided by online retail shopping platforms from anywhere at any time are among the key factors favoring the e-commerce industry.

People increasingly prefer online retail platforms for purchasing frozen food products such as frozen entrée. Heavy discounts, wide availability of brands under one roof, and home delivery options are the key factors driving consumers’ focus toward online shopping. The rising penetration of e-commerce across different countries prompted manufacturers of frozen entrée such as Kellogg's Company, Conagra Brands, and Nestle SA to expand their online presence by selling their products through well-known e-commerce platforms such as Amazon, Lidl, and Walmart. This factor contributes to the growth of the Europe Frozen Entrée Market by eliminating the dependency on offline retail stores.

On the contrary, lack of cold chain infrastructure in developing countries hampers the Europe frozen entrée market.  

Based on type, the Europe frozen entrée market is bifurcated into meat based entrées and plant-based entrées. The plant-based entrées segment is further categorized into sweet potato entrées, plant-based meat entrées, vegetable entrées, and other plant-based entrées. The meat based entrées segment held 91.1% share of Europe frozen entrée market in 2022, amassing US$ 14,101.27 million. It is projected to garner US$ 19,008.19 million by 2030 to expand at 3.8% CAGR during 2022–2030.

Based on category, the Europe frozen entrée market is segmented into organic, and conventional. The conventional segment held 81.9% share of Europe frozen entrée market in 2022, amassing US$ 12,684.18 million. It is projected to garner US$ 17,047.37 million by 2030 to expand at 3.8% CAGR during 2022–2030.

Based on distribution channel, the Europe frozen entrée market is segmented into supermarkets and hypermarket, convenience Stores, online retail, and others. The supermarkets and hypermarket segment held 46.1% share of Europe frozen entrée market in 2022, amassing US$ 7,139.29 million. It is projected to garner US$ 9,430.66 million by 2030 to expand at 3.5% CAGR during 2022–2030.

Based on country, the Europe frozen entrée market has been categorized into the Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 39.0% share of Europe frozen entrée market in 2022. It was assessed at US$ 6,036.88 million in 2022 and is likely to hit US$ 7,703.45 million by 2030, exhibiting a CAGR of 3.1% during 2022–2030.

Key players operating in the Europe frozen entrée market are Impossible Foods Inc, Kellogg Co, Conagra Brands Inc, Nestle SA, Del Monte Foods Inc, Mars Inc, and Amy’s Kitchen Inc among others.                                                                                          

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