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 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.
Table of Contents
1. Introduction
3. Research Methodology
4. SAM Frozen Food Market Landscape
5. SAM Frozen Food Market - Key Market Dynamics
6. Frozen Food Market - SAM Analysis
7. SAM Frozen Food Market Analysis - By Type
8. SAM Frozen Food Market Analysis - By Distribution Channel
9. SAM Frozen Food Market - Country Analysis
10. Industry Landscape
11. Company Profiles
12. Appendix
Companies Mentioned
- Conagra Brands, Inc.
- General Mills
- Kellogg’s Company
- McCain Foods Limited
- Nestle S.A.
- The Kraft Heinz Company
- Tyson Foods, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 122 |
| Published | September 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 19.97 Million |
| Forecasted Market Value ( USD | $ 28.31 Million |
| Compound Annual Growth Rate | 6.0% |
| No. of Companies Mentioned | 7 |
