The frozen food market in South & Central America is expected to grow from US$ 19.97 billion in 2022 to US$ 28.31 billion by 2028; it is estimated to grow at a CAGR of 6.0% from 2022 to 2028.
The frozen food market in South & Central America is further segmented into Brazil, Argentina, and the Rest of South & Central America. Frozen meat and poultry is a significant revenue-generating industry in the region. Red meat, poultry, and pork are popular in Brazil and Argentina. According to the US Department of Agriculture (USDA), in 2019, beef exports in Brazil reached US$ 7.57 billion, followed by chicken exports with US$ 6.90 billion and pork exports worth US$ 1.58 billion. The demand for frozen food products, including meat and poultry, snacks, and ready meals, is rising due to the rapidly transforming retail sector, increasing consumer access to different frozen food brands, and improving consumer lifestyles. Major retailers are increasing their cold storage capacities to cater to the rising demand for frozen food, which is expected to boost the frozen food market growth over the forecast period. BRF Global and JBS S.A. are among the prominent frozen food manufacturers operating actively in South & Central America. They provide a wide range of frozen food products, including meat snacks, appetizers, and meals.
South & Central America Frozen Food Market Revenue and Forecast to 2028 (US$ Billion)
South & Central America Frozen Food Market Segmentation
South & Central America frozen food market is segmented into type, distribution channel, and country. Based on type, the frozen food market is segmented into frozen desserts; frozen bakery; frozen meat, poultry, and seafood; frozen ready meals; frozen snacks and appetizers; others. The meat, poultry, and seafood segment are projected to register the largest share during the forecast period. The modularity segment is classified into benchtop, and portable. Portable segment held the largest market share in 2022. Based on distribution, the frozen food market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The online retail segment is projected to register the highest CAGR in the market due to its shopping and product delivery convenience. Based on country, the South & Central America frozen food market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America held the largest market share in 2022.
Conagra Brands, Inc.; General Mills; Kellogg’s Company; McCain Foods Limited; Nestle S.A.; The Kraft Heinz Company; and Tyson Foods, Inc. are among the leading companies in the frozen food market in the region.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 19.97 Billion |
| Market Size by 2028 | US$ 28.31 Billion |
| CAGR (2022 - 2028) | 6.0% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South & Central America Frozen Food Market is valued at US$ 19.97 Billion in 2022, it is projected to reach US$ 28.31 Billion by 2028.
As per our report South & Central America Frozen Food Market, the market size is valued at US$ 19.97 Billion in 2022, projecting it to reach US$ 28.31 Billion by 2028. This translates to a CAGR of approximately 6.0% during the forecast period.
The South & Central America Frozen Food 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 South & Central America Frozen Food Market report:
The South & Central America Frozen Food Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Frozen Food Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Frozen Food Market value chain can benefit from the information contained in a comprehensive market report.
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