- Report ID: BMRC 469 | Number of pages: 195 | Publish Date: Jan 2020
Status: Published | Category: Food And Beverage | Delivery Timeline:
Frozen Food Market is valued at USD 295.89 Billion in 2018 and expected to reach USD 387.27 Billion by 2025 with the CAGR of 3.92% over the forecast period.
Frozen Food Market report is segmented on the basis of type, application, end-user and regional & country level. Based upon type, is classified as frozen ready meals, fruits and vegetables, meat, fish and seafood, soup and others. Based upon application, global frozen food market is classified into hypermarkets/supermarkets, specialist retailers, convenience stores, independent retailers and others.
Frozen food is subjected to rapid freezing and is kept frozen until used. Even though freezing food was used as a storage technique in cold weather climates for many years, it’s believed it was first applied to industrial food sales. Frozen vegetable are nutritionally more reliable than fresh as freezing prevents sensitive vitamins and nutrients from being lost during transportation. Freezing allows choosing from a vast selection of seasonal ingredients all year round. Frozen food contains no preservatives. The Frozen Food Foundation says that these fruits and vegetables are equally, and possibly more nutritious than fresh. They are considered less wholesome and less healthy than fresh because of the heavy processing, artificial ingredients and additives used for early frozen foods. Company adapted frozen storage for their own Russia-to-England food shipping business, though they initially only operated during cold weather months.
The regions covered in this Global Frozen Food market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of frozen food is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global Frozen Food market Report are ConAgra Foods, General Mills, Kraft Heinz, Iceland Foods, Maple Leaf Foods, Maple Leaf Foods Nestle, The Schwan Food Company, Tyson Food and others.
Increasing Consumer Demand for Frozen Food is the Key Factor Driving the Market Growth.
Rising urbanization, an increasing number of refrigeration facilities in small retail shops and rural households and growing cold chain industry are some if the major factors driving the market growth. Rising urbanization has resulted in the growth of the organized retail sector in India. These modern grocery and food stores are equipped with cold chain facilities that have junction rectifier to the supply a spread of frozen foods product within the market. The value addition of food products is expected to increase from the current 8% to 35% by the end of 2025. However, these consumers aren’t only looking for convenience they are also looking for alternatives that are healthy, organic and preservative free along with taste, variety, and value for money. They want it all which presents both a unique challenge as well as an opportunity to the frozen food manufacturers. The frozen food sector overall is witnessing a lot more interruption than ever before. The dispersion in the India market of frozen foods has been limited due to infrastructure, especially in semi-urban and rural areas. And the customer perception regarding frozen food has not been very favorable so may hamper the growth of market. However, initiation of new technologies has resulted in the affordability of the frozen food, are helps to grow market.
Europe is Expected to Dominate the Global Frozen Food Market
Geographically, the opportunities available in the global frozen food market in the regions of North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Europe is the largest market for frozen fruits and vegetables as it presents a huge opportunity in Asia and Russia, as the markets is practically untouched by these product categories. Fresh fruits and vegetables still dominate the scene in these regions. In Europe a mixed trend is being witnessed. In countries like Germany, UK and Scandinavian countries, the growth is stagnating. Increasing adoption of hygienic packaged food is anticipated to drive the regional demand for frozen foods. Asia Pacific is anticipated to witness highest growth rate over the succeeding six years. Growing population as well as increasing income level in countries like China and India has amplified the aliment business in these countries that additional had a positive.
Key Benefits for Market Report–
By Regional & Country Analysis:
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Frozen Food Market Size 2020 Analysis and Regional Outlook till 2025