Market Size of Chilled Processed Food Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.65 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Chilled Processed Food Market Analysis
The chilled processed food market is projected to record a CAGR of 5.65% in the upcoming five years.
Due to busy lifestyles, the demand for convenience foods is rising. Chilled processed food has a short cooking time, hence attracting many consumers. Consumers tend to choose chilled processed foods to reduce the time and effort in preparing food. Chilled products claim to retain the original flavor of the products and are easy to store. As they tend to have longer shelf lives than fresh products, consumers are opting for these products to minimize visiting retail establishments.
The growing working population among major countries drives the market positively as consumers prefer convenience to save time. The Ministry of Internal Affairs and Communications of Japan revealed that about 68.49 million of the total population were working as of 2018. This number increased to 69.02 million in 2022.
With increasing health consciousness among consumers, they are inclined toward consuming organic-based processed food products to restrict the excess consumption of artificial ingredients. Hence, consumers tend to prefer organic food such as chilled vegetables and fruits.
Chilled Processed Food Industry Segmentation
Chilled processed food is prepared foods stored at refrigerated temperatures to enhance their shelf-life. The chilled processed food market is segmented by product type, distribution channel, and geography. By product type, the market is segmented into processed red meat, processed poultry, processed fish/seafood, processed vegetables and potatoes, bakery products, ready meals, pizza, soup, and noodles. The market is segmented by distribution channels into supermarkets/hypermarkets, convenience/grocery stores, specialty food stores, online retail stores, and other distribution channels. By geography, the study provides an analysis of the chilled processed food market in emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The report offers market size and forecasts in value (USD million) for the above segments.
| Product Type | |
| Processed Red Meat | |
| Processed Poultry | |
| Processed Fish/Sea Food | |
| Processed Vegetables and Potatoes | |
| Bakery Products | |
| Ready Meals | |
| Pizza, Soup, and Noodles |
| Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience/Grocery Stores | |
| Specialty Food Stores | |
| Online Retail Stores | |
| Other Distribution Channels |
| Geography | |||||||||
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Chilled Processed Food Market Size Summary
The chilled processed food market is experiencing significant growth, driven by the increasing demand for convenience foods due to busy lifestyles. Consumers are drawn to chilled processed foods for their short cooking times and ease of storage, which help reduce the time and effort required for meal preparation. These products are favored for their ability to retain original flavors and offer longer shelf lives compared to fresh products, making them a practical choice for those looking to minimize trips to retail stores. The market is further bolstered by a growing working population in major countries, where the preference for time-saving food options is on the rise. Additionally, there is a noticeable shift towards organic-based processed foods as consumers become more health-conscious, leading to a preference for chilled vegetables and fruits that limit artificial ingredients.
North America leads the chilled processed food market, with a strong presence of regional and multinational players offering a diverse range of products. The United States, in particular, holds a significant market share, driven by the demand for convenient food options among its expanding working population. The market is characterized by a high degree of fragmentation, with vendors competing on innovation, pricing, and distribution. Despite the challenges posed by the need for low-temperature storage, which requires substantial capital investment, the market continues to thrive. Key players such as ConAgra Foods Inc., Grupo Bimbo SAB de CV, and Nestle SA are actively participating in the market, introducing new products to cater to evolving consumer preferences, including gluten-free and plant-based options.
Chilled Processed Food Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Processed Red Meat
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2.1.2 Processed Poultry
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2.1.3 Processed Fish/Sea Food
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2.1.4 Processed Vegetables and Potatoes
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2.1.5 Bakery Products
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2.1.6 Ready Meals
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2.1.7 Pizza, Soup, and Noodles
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2.2 Distribution Channel
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2.2.1 Supermarkets/Hypermarkets
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2.2.2 Convenience/Grocery Stores
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2.2.3 Specialty Food Stores
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2.2.4 Online Retail Stores
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2.2.5 Other Distribution Channels
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 United Kingdom
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2.3.2.3 Germany
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East and Africa
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2.3.5.1 South Africa
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2.3.5.2 United Arab Emirates
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2.3.5.3 Rest of Middle East and Africa
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Chilled Processed Food Market Size FAQs
What is the current Chilled Processed Food Market size?
The Chilled Processed Food Market is projected to register a CAGR of 5.65% during the forecast period (2024-2029)
Who are the key players in Chilled Processed Food Market?
ConAgra Foods Inc., General Mills, Grupo Bimbo SAB de CV, Kraft Foods Inc. and Nestle SA are the major companies operating in the Chilled Processed Food Market.
