The global frozen foods market is bound to see upcycling of ingredients in the years to come. This could be attributed to the food vertical’s proactive approach towards sustainability. Another trend is that of preference for foods helping in reduction of waste, inclusive of usage of misshapen vegetables and fruits. This would be the direction in which the food industry would go in the next decade.
The Frozen Foods Market is slated to grow inadvertently in the forecast period, reaching US$ 240 Bn at a CAGR of 4%. Immune health is being prioritized, and the trend is expected to continue even going forward. The end-customers are looking for the foodstuff supporting immune health. The key stakeholders are trying to create great tasting healthy foods. This would be the feel with the food vertical in the near future.
The global frozen foods market is presently valued at nearly US$ 161 Bn, and is expected to rise at a steady CAGR of 4% to attain an estimated worth of nearly US$ 240 Bn by 2031. Busy life schedule is influencing consumers to shift their dietary preferences towards ready-to-eat food products. Hence, frozen foods have become an important part of modern diet. Freezing or refrigeration allows consumers to have access to foods which were either unavailable or available only during particular season. Also, freezing helps the consumers to preserve their food products for future use. Availability of wide range of frozen foods products in different food categories is the factor driving the global frozen foods market. Other driving factors are changing customer purchasing pattern and increasing urban population.
To remain ‘ahead’ of your competitors, request for a samples@https://www.persistencemarketresearch.com/samples/3374
Additionally, increasing number of working women is driving the global frozen foods market. Majority of working women in the western countries don’t cook food at home.
Europe has the largest market share for frozen foods, followed by North America and Asia Pacific. In Asia Pacific, economic developments paired with increasing urbanization and disposable income are some factors driving the frozen foods market in the Asia-Pacific region. Owing to these factors, Asia Pacific is expected to witness highest growth in the forecasted period.
The global frozen foods market is currently being spearheaded by ConAgra Foods Inc., Maple Leaf Foods Inc., General Mills, BRF SA (Brazil), Tyson Foods Inc.
BRF SA (Brazil) and Mother Dairy Fruit & Vegetable Pvt. Ltd. (India) are some of the companies operating at regional level and dominating the market.
To connect with our sales representative@[email protected]
Frozen Foods Market Segmentation:
By Product
- Frozen Ready Meals
- Frozen Fish/Seafood
- Frozen Meat Products
- Frozen Pizzas
- Frozen Potato Products
- Frozen Bakery Products
- Others
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- Germany
- Italy
- The U.K.
- Spain
- Asia Pacific
- China
- India
- Japan
- Rest of the World (ROW)
- Brazil
The frozen foods market for each country includes:
- Market Overview
- Market size by product volume (Mn kg) and value (USD Mn) (Historic and Forecast)
- Market share by company
- Market share by distribution channel
For in-depth competitive analysis, buy now@https://www.persistencemarketresearch.com/checkout/3374
Read More Trending “PMR Exclusive Article”
- Global Market Study on IQF Fruits: https://www.persistencemarketresearch.com/market-research/individual-quick-freeze-fruits-market.asp
- Global Market Study on Frozen Pastries: https://www.persistencemarketresearch.com/market-research/frozen-pastries-market.asp
About us: Persistence Market Research
Contact us:
Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
