Frozen Food Market Presents An Overall Analysis, Trends And Forecast By 2030
Global
Frozen Food Market
report added by Reports and Data provides insights into the current market
scenario with regards to sales, growth rate, market share, and market size. The
investigative research report offers a complete analysis of the challenges,
restraining factors, market growth prospects, technological and product
advancements, R&D developments, threats, and investment opportunities in
the global market. The report also covers fundamental aspects of the Frozen Food market inclusive
of lucrative business approaches, market demands, prominent players of the
industry, and a futuristic outlook for the market for the forecast period of
2022-2030. The report also offers insights into how the market revenue is
expanding in domestic and international markets and contributing to global
economy.
Online
retail and introduction of various new apps have made it easy for consumers to
order the product of their choice. There is a variety of products to choose
from for the consumers if they want to avoid retail stores. Everything is available
in one place, namely an e-commerce website or smartphone application and
delivery is at the doorstep. This is expected to drive the market revenue
growth.
According
to the current analysis of Reports and Data, the global Frozen Food Market was
valued at USD 250.0 Billion in 2021 and is expected to reach USD 383.78 Billion
by year 2030, at a CAGR of 5.0%. They are preserved by a process of freezing
and storing before cooking. It has a large market due to increased demand from
the consumers. The freezing process helps to maintain the food in its original
state till it is consumed. In this industry it involves two procedures for
freezing, one is mechanical and the other one is cryogenic. The freezing
process is required to safeguard the quality and its outer surface. The fast
freezing helps to maintain the original cell structure of the food. Cryogenic
freezing is one of the fastest process because it maintains the low fluid
nitrogen temperature of around -196 degree Celsius.
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Key Players:
Key
participants includes – Nestle, ConAgra Foods Inc., Heinz, Mother Dairy, McCain
Foods, Kellogg Company, Unilever, General Mills Inc., Venky’s, and Pinnacle
Foods Inc.
Further
Key Findings From The Report Suggest:
- Frozen Food
industry is expected to have a CAGR of 6% in Asia Pacific followed by
Europe and North America respectively. The factors such as changing lifestyles
and increasing population of society are driving the growth of industry.
- As of 2018,
raw stage dominated the industry which holds 41.4% of the global market.
Europe is the chief revenue generating source for this product segment,
followed by Asia-Pacific and North America.
- Dairy
Products is expected to be the fastest growing market segment during
forecast period 2019-2026 with a CAGR of 3.5%. However, the sugar and fats
content which are not healthy and difficulties faced in removing such
content is one of the major challenge for the industry in this segment.
- The packaging
must maintain its integrity throughout filling, sealing, freezing,
storage, transportation, thawing, and often cooking. As many them are
cooked in a microwave oven, manufacturers have developed packaging that
can go straight from freezer to the microwave.
- Active
packaging offers a host of new technologies that can actively sense and
then neutralize the presence of bacteria or other harmful species. Active
packaging can extend shelf-life, maintain product safety, and help
preserve over a longer period of time.
- Others
product type segment (that includes frozen potatoes, pizzas, snacks, ready
to eat meals) was valued at USD 27.4 billion and is expected reach USD
39.05 billion by 2026
- North America
is expected to account for the 28.4% of the industry. The rise in the
health sector and the rise in the packaging sector especially in F&B
segment is driving the growth in the US.
- The sodium
content and starch content are found to be in more proportion which might
have side effects that may hinder the market during the forecast period.
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Market
Segmentation:
For
the purpose of this report, Reports and Data has segmented the Frozen Food
industry on the basis of processed product type, Product Type, Distribution
Channel, End-Use
Processed
Product Type (Revenue, USD Billion; 2019–2030)
- Frozen Fruits
& Vegetables
- Frozen Meat
& Fish
- Frozen Dairy
Products
- Frozen Soups
- Others
Product
Type (Revenue, USD Billion; 2019–2030)
- Raw Stage
- Half-Prepared
- Fully-Prepared
Distribution
Channel (Revenue, USD Billion; 2019–2030)
- Supermarket/Hypermarket
- Online Stores
- Specialist
Retailers
- Convenience
Stores
End
Use (Revenue, USD Billion; 2019–2030)
- Retail
Customers
- Service
Providers
- Others
Regional
Outlook (Revenue in USD Billion; 2019–2030)
- North America
- Europe
- Asia Pacific
- Middle East
& Africa
- Latin America
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Recommendations: The report is helpful for the start-ups, and new entrants
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Quality: We focus on the quality and accuracy of the report.
Thank you for reading this article. You can also get
chapter-wise sections or region-wise report coverage for North America, Europe,
Asia Pacific, Latin America, and Middle East & Africa.
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