The surge in the consumption of high-quality convenience food owing to changing lifestyles is one of the biggest trends in the food industry. Convenience foods, such as frozen snacks, frozen meals, frozen entrée, and ready-to-eat products, allow consumers to save time and effort associated with ingredient shopping, meal preparation, cooking, consumption, and post-meal cleaning activities. The development and popularity of these food items are ascribed to many social changes; the most notable of these, are the increasing number of smaller households and the rising millennial population worldwide. Due to hectic work schedules, millennials prefer quick and easy meals without compromising on taste and nutrition. These factors are significantly promoting the demand for convenience food among consumers, thereby propelling the Europe Frozen Entrée Market growth.
In recent decades, the participation of women in workforces has tremendously increased in different countries.
According to the data presented by the “International Labor Organization,” the female labor force across many countries increased exponentially during 1990–2020. The female employment rate in Germany reached 54.91% in 2020 from 42.50% in 1990. Similarly, the rates in other countries, such as the France have surged in recent times. The significant rise in the women’s employment further boosts the popularity of convenience food, such as frozen entrée, among the working-class population.
The Europe Frozen Entrée Market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The market growth is mainly attributed to the rising demand for convenience food, extensive retail infrastructure, and availability of a wide range of products of different brands via different distribution channels. High per-capita income also drives the demand for frozen entrée, such as frozen meals and snacks, owing to the busy lifestyles and an increasing number of working individuals.
Over the past decade, consumers have been seeking products with transparent and easily understandable ingredient lists, leading to a trend of clean-label frozen entrées with minimal additives and preservatives. According to the biannual FMCG Demand Signals report, since the COVID-19 pandemic, private-labeled products have gained strong momentum in Europe, in which Spain accounted for the highest penetration of clean-labeled products (47%), Germany (41%), and the UK (37%). Thus, the growing penetration of clean-labeled products, including frozen entrée, is projected to offer new opportunities to the Europe Frozen Entrée Market during the forecast period.
The Europe Frozen Entrée Market in Europe is projected to witness significant growth in the coming years due to the presence of prominent players, such as Nestle S.A. and Bounduelle Group. These companies offer a broad array of frozen entrées, including frozen plant-based and meat-based frozen entrées.
The Europe frozen entrée market is segmented into type, category, distribution channel, and country.
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 a largest share of the Europe frozen entrée market in 2022.
Based on category, the Europe frozen entrée market is segmented into organic, and conventional. The conventional segment held the larger share of the Europe frozen entrée market in 2022.
Based on distribution channel, the Europe frozen entrée market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment held the largest share of the Europe frozen entrée market in 2022.
Based on country, the Europe frozen entrée market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe frozen entrée market in 2022.
Impossible Foods Inc, Kellogg Co, Daiya Foods Inc, Conagra Brands Inc, Nestle SA, Del Monte Foods Inc, Mars Inc, Amy’s Kitchen Inc are some of the leading companies operating in the Europe frozen entrée market.
Strategic insights for the Europe Frozen Entrée provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 15,483.14 Million |
Market Size by 2030 | US$ 21,001.77 Million |
Global CAGR (2022 - 2030) | 3.9% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Type
|
Regions and Countries Covered | Europe
|
Market leaders and key company profiles |
The geographic scope of the Europe Frozen Entrée refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Europe Frozen Entrée Market is valued at US$ 15,483.14 Million in 2022, it is projected to reach US$ 21,001.77 Million by 2030.
As per our report Europe Frozen Entrée Market, the market size is valued at US$ 15,483.14 Million in 2022, projecting it to reach US$ 21,001.77 Million by 2030. This translates to a CAGR of approximately 3.9% during the forecast period.
The Europe Frozen Entrée Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Frozen Entrée Market report:
The Europe Frozen Entrée Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Frozen Entrée Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Frozen Entrée Market value chain can benefit from the information contained in a comprehensive market report.