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Frozen Food Market

P&S Market Research-Frozen Food Market report

Global Frozen Food Market Size, Share, Development, Growth and Demand Forecast to 2023

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Report Code: CP10062
Available Format: pdf

Frozen foods are foods stored beneath zero degree temperature for maintaining their moisture content at a solidified state. This helps frozen food to be preserved for longer time than fresh food. One of the factors that are contributing towards the expansion of frozen foods around the world is the shift in consumer lifestyle which is influencing consumers towards ready to eat food products on account of saving cooking time. Freezing or refrigeration provides consumers with access to seasonal foods and also refrigeration facilitates consumers to preserve their food products for future use. Vegetables and fruits are plucked from farms, frozen and transported across the globe. Growing number of working women globally, coupled with hectic routine is also expanding the worldwide demand of frozen food.

The import of frozen chilled beef from Australia, which was earlier banned, is now allowed by Chinese government. The increase in frozen food trade is also expected to boost up the global frozen food market over the next several years. Moreover, food outlets such as Pizza Hut, McDonalds, Burger King Corporation, and KFC have now started to stock frozen food products to supply surging fast food demand and ensure food availability for a longer period. Frozen food saves the time of cooking in addition; frozen food provides the customers an opportunity to enjoy any regional dish or any seasonal fruits, vegetables throughout the year.

Based on different product type, global frozen food market can be segmented as frozen vegetables and fruits, frozen meat, frozen fish, frozen seafood, frozen soup, frozen potato, frozen ready meals (such as pizza, potatoes, snacks), and frozen desserts. On the basis of freezing methods, global frozen food market can be categorized as contact freezers, air blast freezers, belt freezers and tunnel freezers.

Based on various active packaging techniques used for the frozen food packaging, global frozen food market can be categorized as antimicrobials, edible films, oxygen scavengers, time temperature indicators and moisture control.

Growing demand for convenience among customers, faster food preparations, avoidance of harmful preservatives, high demand from emerging countries, increasing usage of refrigeration systems for industrial and commercial freezing, and availability of regional and seasonal foods are some factors that are driving the growth of global frozen food market.

Some of the opportunities for global frozen food market include growth in freezer space and lower penetration in Asia-Pacific countries, and rising demand of frozen food prepared with organic ingredients.

Constant temperature requirements, presence of large unorganized sector of frozen food, local brands, higher consumption of energy, consumer’s perception about frozen foods, higher logistics and storage costs, processing and techniques in under penetrated market and health concerns are some hindrances that are affecting the global frozen food market.

Among regions, the European region dominated the global frozen food market followed by North America. In Asia-Pacific, economic developments along with increasing urbanization and rising disposable income are some factors driving the frozen food market. Asia-Pacific is expected to witness the highest growth in the coming years.

Some of the major competitors of global frozen food market include Nestlé SA, Sadia SA, Unilever PLC, Amy's Kitchen, Inc., Goya Foods, Inc., Iceland Foods Ltd, The Schwan Food Company, Maple Leaf Foods Inc., Kraft Food, Inc., H.J. Heinz Company, McCain Foods Limited, Nichirei Corporation.

 

Report Coverage

  • Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
  • Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
  • Uncovers potential demands in the market
  • Porter analysis identifies competitive forces within the market
  • Provides information on the historical and current market size and the future potential of the market
  • Provides sizes of key regional markets using yardsticks of processes, segments, products, end user and technology, etc (as applicable)
  • Highlights the competitive scenario of the market, major competitors, market share, benchmarking, investments and merger acquisitions
  • Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market.

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