Global Frozen Food market is expected to grow at a CAGR of above 4% in the coming years: Bonafide Research
December 13, 2020 at 23:00 PM EST
The demand for frozen food products has increased globally which has been led by consumers changing habits, improved transportation facilities, and increased demand from developing nations. Frozen foods have led to an increase in the shelf-life of the food without losing its nutrients. Due to this companies have invested in various technologies in order to store refrigerated dough, frozen vegetables, and meat which are partially or fully cooked. Factors deriving the frozen food market are the preference for fresh and natural food products in case of unavailability of home-cooked food. The consumers are now more aware toward the health and quality of frozen food they purchase. In addition to that there is an increase in demand for premium food and nutritious products. The breakdown of the joint families into nuclear families has given rise to the adaption of such products due to their busy lifestyle. This has allowed the manufacturers to produce new products to meet the rising demand for frozen food among the consumer. The main usage of frozen foods has been mainly carried out by hotel chains, fast food restaurants and cash & carry outlets.
The report entitled “Global Frozen Foods Market Outlook, 2025” gives a detailed insight of the various segments related to global frozen food products in the market along with historical & forecasted analysis. The market is segmented into various frozen food products such as frozen potato, frozen fruits & vegetables, frozen ready meals, frozen meat & seafood. The growing adaption of each segment has let the global frozen food market grow dynamically with a CAGR of above 3% historically. It is because of the excessive adaption of frozen meat and poultry products the CAGR is expected to grow more than 4% in the forecasted period of 2025. It is then followed by the consumption of frozen potato products as conventional foods. The frozen potato products are present in the menu of almost every fast food outlets, restaurants, small and large-scale stores, etc. Along with these segments, the adaption of other frozen products has convincingly increased. An emergence of new trend to be vegan and to eat healthy and nutritious food among the new generation has led to the rise of frozen products, especially frozen potatoes and non dairy products.
A regular busy lifestyle and lesser time available for cooking due to heavy work schedules people are inclining towards the frozen ready meal. Awareness regarding protein and nutrition diet led to significant demand for frozen fish and other kind of seafood because of the longer sustainability of the product. As the ready meals are enriched with complete nutrients that are sold via, direct selling channels and convenience stores.
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Trends experienced in the market:
Individually quick frozen (IQF)– a developing trend which means that all the things in a frozen food parcel are frozen exclusively, and not in a block. This technique includes going of each individual unit of food go through a blast chiller on a transport line. This guarantees freshness in the food items significantly subsequent on defrosting. A proportion of peas for example, at whatever point frozen using IQF system and squeezed in a compartment, lidded plate, or frozen and solidified PET plate will sell quickly from its newness when contrasted and the one frozen using the conventional refrigerant methods.
In view of consumption, the foodservice segment is assessed to represent the biggest offer in the frozen food market in the current period and in the future as well. The foodservice industry incorporates eateries, QSRs (Quick Service Restaurants), bars, lodgings, and healthcare. Among these, QSRs rule the food service business in the frozen food market because of the high commitment, for example, McDonald’s, Starbucks, Subway, Burger King, Pizza Hut, KFC, and Dominos, etc.
We provide 10% free customization with this report, we have considered covid-19 effect for year 2020 and in forecast period.
Major Companies Present in the market
The key players of the Global Frozen Food market are Aryzta AG, General Mills Inc., Kraft Heinz Company, Ajinomoto Co. Inc, Cargill Incorporation, Nestle S.A., Flowers Foods, Kerry Group, Grupo Bimbo S.A.B. De C.V, McCain Foods Limited, Tyson Foods, Inc., Kellogg Company, Conagra Brands, Inc, JBS S.A, Nomad foods, Hormel food, Rich product corporation, Maple leaf food Inc., Iceland food, Al Kabeer group.
Considered in this report
Countries Covered in the report: USA, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, Australia, Brazil, Argentina, Colombia, UAE, Saudi Arabia, Qatar, Africa.
The following aspects are covered in the report “Global Frozen Food Market Outlook, 2025“
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Table of contents
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