Global Frozen Food Market
Frozen Food Market: By Product Type (Frozen Sea Food, Frozen Fruits & Vegetables, Frozen Ready Meals, Frozen Soups, Frozen Meat & Poultry, Others), By Distribution Channel (Super markets & Hyper Markets, Food Outlets, Online Stores, Others), and Geography – Market Estimation, Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
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
Frozen Food Market
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.
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
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.
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.)
- 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
Key Features of the Report:
- The report covers exhaustive regional information, that includes North America (the USA and Canada), Europe (Germany, France, Italy, UK, Spain, Russia, Poland and Rest of Europe), Asia-Pacific (Japan, China, India, Australia & New Zealand, ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others), South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentian, Venezula, and Rest of Latin America), and Middle East and Africa (Gulf Cooperation Council (GCC) Countries, Israel, South Africa, and Rest of Middle East and Africa)
- The report provides granular level information about the market size, regional market share, historic market (2013-2017) and forecast (2018-2024)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
