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Europe Frozen Food Market Industry Share, Size, Revenue, Latest Trends And Opportunities Assessment

The market is primarily driven by hectic lifestyles and an increasing desire for healthy food and a lifestyle that is affordable, easy to make and testy cook.
Published 18 March 2025

Europe Frozen Food Market Overview 

The Europe Frozen Food Market is experiencing notable expansion, driven by consumers' increasing demand for convenient and healthy meal options. According to recent reports, the market was valued at approximately USD 58.12 billion in 2022 and is projected to reach USD 87.19 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 5.2% during the forecast period. 

The market is mostly driven by busy lifestyles, the growing demand for healthy food, and a lifestyle that is inexpensive, simple to prepare, and easy to cook. There are many uses for frozen fruits and vegetables, making them an affordable option. With 38% of the global frozen food market in 2021, Europe has the most demand globally, followed by North America. In 2021, 2.8 million tons of frozen food worth €3 billion were traded into Europe. The amount of frozen food imported from Europe has dropped by 0.6% over the last five years, while import prices have risen by 1.7%. The entire amount of imports from within Europe is 91%. However, just 9% of imports originate in developing nations.

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Competitive Landscape and Regional Demand

Europe holds a substantial share of the global frozen food market, accounting for 38% in 2021, followed by North America. Germany emerged as the largest importer within Europe, holding a 20% market share, while France and Belgium accounted for 18% and 14%, respectively. The market is characterized by key players such as Conagra Brands Inc., Nomad Foods Limited, and Europastry, who are actively investing in product innovation and strategic partnerships to enhance their market presence.

Europe: Frozen Food Market Consolidation

Europe's frozen food market is undergoing consolidation, with key players engaging in mergers and acquisitions to strengthen their market positions. For instance, Compass Group, the world's largest caterer, has pursued acquisitions in Europe, including Norway's 4Service and France's Dupont Restauration, amounting to $1.7 billion, to capitalize on strong outsourcing demand. Additionally, the increasing popularity of frozen baked goods, such as croissants, in Western Europe, including France, reflects a broader industry shift towards mass production to ensure consistency and availability.

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Regional Insights

Germany, the third-largest importer of frozen veggies in the world, is anticipated to dominate the European frozen food industry during the projected period, following the United States and Japan. Germany, the third-largest importer of frozen veggies in the world, is anticipated to dominate the European frozen food industry during the projected period, following the United States and Japan. German imports of frozen veggies accounted for €598 million in 2021, or 20% of the European market. German imports fell by 2.1% a year in 2017 and will reach 588.294 tons in 2021.

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Europe Frozen Food Market Segmentation

by Offering

Fruits

Vegetables

Potato Products

Frozen Potato Products

Seafood

by End-User

Food Service Industry

Retail Customers

by Product Category

Ready-to-eat

Ready-to-cook

Ready-to-drink

Other Product Categories

Individual Quick Freezing (IQF)

by Freezing Technique

Blast Freezing

Belt Freezing

Other Freezing Techniques

Market Key Players

1. Nestlé

2. McCain Foods

3. Nomad Foods

4. Dr. Oetker

5. Frosta AG

6. Bonduelle Group

7. Iglo Group

8. Greenyard NV

9. Pinguin Foods

10. Aviko

11. Findus Group

12. Birds Eye

13. Schwan's Company

14. Aunt Bessie's

15. Lutosa

16. Lamb Weston Holdings, Inc.

17. Iceland Foods

18. FRoSTA Maultaschen GmbH

19. Picard Surgelés

20. FRoSTA AG

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