Market Overview
The demand for healthy convenience food is increasing. The frozen food products are convenient with enhanced packaging and availability of various food types bakery based breakfast foods, desserts and snacks. Frozen processed food products are available in wide range of varieties which attracts the consumers to experiment within the provided wide range of frozen bakery products. Increase in the demand for frozen processed food products associated with its convenience and high shelf-life has surged the growth of the global frozen processed food market. Market Research Future, a firm which specializes in market reports related to the Foods, Beverages & Nutrition sector among others, recently forecasted in its report “Global Frozen Processed Food Market Research Report- Forecast to 2027” that the market will demonstrate an exceptional CAGR % while achieving million dollar growth readily in the forecast period.
Competitive Landscape
The key players profiled in frozen processed food are McCain Foods Ltd. (Canada), Nestle S.A. (Switzerland), Dr. Oetker GmbH (Germany), Daiya Foods Inc. (Canada), Atkins Nutritionals, Inc. (U.S.), Arista AG (U.S.), Grupo Bimbo SAB de CV (Mexico), Rich Products (U.S.), Lantmannen Unibake, USA, Inc (Denmark), and General Mills, Inc. (U.S.) among many others.
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Market Segmentation
By type, frozen processed food market industry has been segmented into frozen fruits & vegetable, frozen meat & seafood, frozen bakery products, frozen dairy products & desserts, and others. In the past few years, huge investments have been made in the frozen meat market. Hence, the segment is projected to witness high CAGR during the forecast period. The popularity of frozen meat products is surging in North America and Asia-Pacific. Key players for frozen meat market are identified to expand their geographical presence within the U.S. to generate high revenues.
Frozen processed food market has been segmented by distribution channel into store-based and nonstore-based channels. Based on the consumers’ one-stop and convenient shopping experience, the sales of frozen processed foods through store-based channels is projected to dominate the market.
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Regional Analysis
The global frozen processed food market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is dominating in the frozen processed food market followed by Europe. The U.S. has major consumption of frozen processed food, owing to busy lifestyle and changing eating habits in working population, people prefer for time saving and convenient food solution.
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