South & Central America Frozen Food Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Frozen Desserts; Frozen Bakery; Frozen Meat, Poultry, and Seafood; Frozen Ready Meals; Frozen Snacks and Appetizers; and Others) and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)
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.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. SAM Frozen Food Market Landscape
4.1 Market Overview
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of New Entrants
4.1.4 Competitive Rivalry
4.1.5 Threat of Substitutes
4.2 Expert Opinion
4.3 Ecosystem Analysis
5. SAM Frozen Food Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Consumption of Convenience Food
5.1.2 Flourishment of E-Commerce
5.2 Market Restraints
5.2.1 Lack of Cold Chain Infrastructure in Developing Countries
5.3 Market Opportunities
5.3.1 Strategic Development Initiatives by Manufacturers
5.4 Future Trends
5.4.1 Burgeoning Popularity of Plant-Based Frozen Products.
5.5 Impact Analysis of Drivers and Restraints
6. Frozen Food Market – SAM Analysis
6.1 SAM Frozen Food Market Overview
6.2 SAM Frozen Food Market –Revenue and Forecast to 2028 (US$ Million)
7. SAM Frozen Food Market Analysis – By Type
7.1 Overview
7.2 SAM Frozen Food Market, By Type (2021 and 2028)
7.3 Frozen Desserts
7.3.1 Overview
7.3.2 Frozen Desserts: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Frozen Meat, Poultry, and Seafood
7.4.1 Overview
7.4.2 Frozen Meat, Poultry, and Seafood: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Frozen Bakery
7.5.1 Overview
7.5.2 Frozen Bakery: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Frozen Snacks & Appetizers
7.6.1 Overview
7.6.2 Frozen Snacks & Appetizers: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Frozen Ready Meals
7.7.1 Overview
7.7.2 Frozen Ready Meals: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)
8. SAM Frozen Food Market Analysis – By Distribution Channel
8.1 Overview
8.2 SAM Frozen Food Market, By Distribution Channel (2021 and 2028)
8.3 Supermarkets & Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets & Hypermarkets: Frozen Food Market– Revenue and Forecast to 2028 (US$ Million)
8.4 Convenience Stores
8.4.1 Overview
8.4.2 Convenience Stores: Frozen Food Market– Revenue and Forecast to 2028 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Frozen Food Market– Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Frozen Food Market– Revenue and Forecast to 2028 (US$ Million)
9. SAM Frozen Food Market – Country Analysis
9.1 Overview
9.1.1 SAM: Frozen Food Market, by Key Country
9.1.1.1 Brazil: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: Frozen Food Market, By Type
9.1.1.1.2 Brazil: Frozen Food Market, by Distribution Channel
9.1.1.2 Argentina: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: Frozen Food Market, By Type
9.1.1.2.2 Argentina: Frozen Food Market, by Distribution Channel
9.1.1.3 Rest of SAM: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of SAM: Frozen Food Market, By Type
9.1.1.3.2 Rest of SAM: Frozen Food Market, by Distribution Channel
10. Industry Landscape
10.1 Overview
10.2 Business Planning and Strategy
10.3 Expansion & Collaboration
10.4 Product News
11. Company Profiles
11.1 Conagra Brands, Inc.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 General Mills Inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Mccain
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Tyson Foods, Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Kellogg's Company
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Nestlé S.A.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 The Kraft Heinz Company
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. SAM Frozen Food Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. SAM Frozen Food Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. SAM Frozen Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil Frozen Food Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil Frozen Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina Frozen Food Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina Frozen Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of SAM Frozen Food Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of SAM Frozen Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 10. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Frozen Food Market Segmentation
Figure 2. SAM Frozen Food Market Segmentation – By Country
Figure 3. SAM Frozen Food Market Overview
Figure 4. SAM Frozen Food Market: By Distribution Channel
Figure 5. SAM Frozen Food Market: By Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Ecosystem: Frozen Food Market
Figure 9. SAM Frozen Food Market: Impact Analysis of Drivers and Restraints
Figure 10. SAM: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. SAM Frozen Food Market Revenue Share, By Type (2021 and 2028)
Figure 12. SAM Frozen Desserts: Frozen Food Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. SAM Frozen Meat, Poultry, and Seafood: Frozen Food Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. SAM Frozen Bakery: Frozen Food Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. SAM Frozen Snacks & Appetizers: Frozen Food Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. SAM Frozen Ready Meals: Frozen Food Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. SAM Others: Frozen Food Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. SAM Frozen Food Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 19. SAM Supermarkets & Hypermarkets: Frozen Food Market– Revenue and Forecast To 2028 (US$ Million)
Figure 20. SAM Convenience Stores: Frozen Food Market– Revenue and Forecast To 2028 (US$ Million)
Figure 21. SAM Online Retail: Frozen Food Market– Revenue and Forecast to 2028 (US$ Million)
Figure 22. SAM Others: Frozen Food Market– Revenue and Forecast To 2028 (US$ Million)
Figure 23. SAM: Frozen Food Market – Revenue (2021) (US$ Million)
Figure 24. SAM: Frozen Food Market Revenue Share, by Key Country (2021 and 2028)
Figure 25. Brazil: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Argentina: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of SAM: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)
- Conagra Brands, Inc.
- General Mills
- Kellogg’s Company
- McCain Foods Limited
- Nestle S.A.
- The Kraft Heinz Company
- Tyson Foods, Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South & Central America frozen food market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the South & Central America frozen food market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the frozen food market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution