Global Frozen Food Market By Product Type (RTE Meals, Desserts, Fruits & Vegetables, Fish, Meat & Poultry, Bakery products, Dairy products), Consumption ( Food Service, Retail ), Distribution Channel (Convenience Stores, Supermarket/Hypermarkets, Online Retail, Grocery Stores, Others), Geography (North America, Europe, Asia-Pacific, Europe, South America and Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Frozen Food Market
Global Frozen Food Market is valued at an estimated USD 231.86 billion in 2018, and this value is projected to rise to USD billion by 2026, undergoing with a CAGR of 12.5% in the forecast period of 2019-2026. The deep frozen food products that can be stored and used over a long period are referred to as frozen foods that drives the market.
Market Definition: Global Frozen Food Market
Frozen food products are gaining importance because they have longer shelf life and increase demand for packaged foods. The changing lifestyle has resulted in rising sales and demand of frozen products. In western region majority of women opt for ready to eat food instead of wasting time on cooking meals. In such situation, dependents continue to buy frozen food and fulfil the demand of the housewives.
- Recent developments and modernizations in the technology used and products offered by the major players is expected to act as a driver for the market growth
- Growth in the demand for variations in flavors of frozen foods market is also expected to act as a driver
- Change in lifestyle leading to increased sales of packaged foods is going to drive the market
- Increasing shelf life of frozen food products is going to drive the growth of market.
- Lack of sources or raw materials for the production of frozen foods is resulting in increased cost of end-use products is expected to act as a restraint to the market growth.
- Preference of fresh products is going to restrain the market growth.
- Lack of infrastructure in developing regions is going to restrain the market.
- Lack of adequate refrigeration facilities in semi-urban areas is going to negatively impact the market.
Segmentation : Global Frozen Food Market
- By Type
- Frozen Ready Meals
- Frozen Meat & Poultry
- Frozen Sea Food
- Frozen Potatoes
- Frozen Vegetables & Fruits
- Frozen Soups
- OthersBy Consumption
- Food Service Industry
- Retail Customers
- Distribution channels
- Convenience Stores,
- Online Retail,
- Grocery Stores,
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
- North America
Key Developments in the Frozen Food Market:
- In April 26, 2019-- Defining the global frozen processed food market at its high level of exploded and extreme competitiveness. The market is home to an emerging number of small players. The market’s expansion in new region is expected for further development.
- Frozen food products are increasingly, reported by fnbnews. Busy lifestyle have driven the food manufacturing industry to produce new products in frozen foods category that could meet the rising demand from consumers. Online grocery shopping are creating several opportunities for the overall processed food market and are hence, accelerating the frozen food market.
Global frozen food market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of frozen food market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the frozen food market are Ajinomoto Co., Inc., Amy’s Kitchen Inc., Ardo., Aryzta AG, Arena Agroindustrie Alimentari SPA, Bellisio Foods, Inc., Bonduelle SCA,. Conagra Brands, Inc. , Findus, General Mills, Inc., Goya Foods, Inc., Kraft-Heinz, Inc., Iceland Foods Ltd.,.JBS, The Kraft Heinz Company.., Mccain Foods Limited, Natures Peak., Nestlé , Nichirei Corporation, Northern Foods PLC and Pinguinlutosa, among others.
Research Methodology: Global Frozen Food Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure