Global frozen food market was valued at US $ XX Mn and projected to grow around 4.0% Compound Annual Growth Rate (CAGR) over 2018 to 2024

09/mag/2018 12:50:37 sravan Contatta l'autore

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Market Outline: Global Frozen Food Market

Frozen foods are the food products that can be deep frozen and stored and used for a long period. Freezing food reduces the decomposition by converting residual moisture into the ice and inhibit the growth of bacterial species. Free can be done by two processes namely, cryogenic and mechanical. Most commonly used frozen food products include fruits & vegetables, poultry & Meat, sea food, ready-to-meals, and soups among others

Market Dynamics: Global Frozen Food Market

Increase in the demand for frozen food in developed and developing countries is key factor drive the growth of frozen foods market. Moreover, change in food habits coupled with rise in disposable income, manufacturing of various ready-to-eat frozen food products, and better availability of products due to expansion of distribution channels are anticipated to bolster the frozen foods market over the forecast years. However, lack of suitable storage conditions in retail outlets, high cost and maintenance for the cryogenic food storage, and poor distribution facility in underdeveloped countries may restrain the growth of global frozen food market over the forecast years.

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Market Scope: Global Frozen Food Market

Global frozen food market is segmented based on product type and distribution channel

Based on the product type, the market is segmented into the following:

Frozen Sea Food

Frozen Fruits & Vegetables

Frozen Ready Meals

Frozen Soups

Frozen Meat & Poultry

Others

Based on the distribution channel, market is segmented into the following:

Super markets & Hyper Markets

Food Outlets

Online Stores

Others

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Regional Analysis: Global Frozen Food Market

Geographically, global frozen food market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Change in food habits due to busy work schedule, large number of retail outlets, and companies focus on the development of newer frozen food products are anticipated to drive the North America frozen food market. Europe frozen food market has a prominent share, which is attributed to rise in disposable income that leads to increase in the expenditure on food products, sophisticated storage infrastructure in retail stores, and rise in awareness about the hygiene frozen food products are expected to boost the market. Asia Pacific frozen food market anticipated to exhibit lucrative growth owing to rise in population in India and China, rapid urbanization coupled with increase in number of food outlets, and rise in online grocery purchase trend are expected to fuel the market in the region.

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Competition Assessment: Global Frozen Food Market

Some of the players in the global frozen food market include:

McCain Foods Ltd. (Canada)

General Mills Inc. (U.S)

Tyson Foods Inc. (U.S.)

ConAgra Foods Inc. (U.S.)

 H.J. Heinz Company (U.S.)

Ajinomoto Co., Inc. (Japan)

Kraft Food, Inc. (U.S.)

Nestlé SA (Switzerland)

Ralcorp Frozen Bakery Products, Inc. (U.S.)

Unilever PLC (Netherlands)

Notable Market Developments: Global Frozen Food Market

In May 2017, Ajinomonto Co. Inc. launched eight varieties of frozen Japanese foods in France to increase its penetration throughout the country

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