The latest report on “Frozen Food Market (Type – Raw Material, Half-cooked, and Ready-to-Eat; Consumption – Food Service, and Retail; Distribution Channel – Offline, and Online): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global frozen food market is projected to grow at a CAGR of 5.2% over the forecast period of 2019-2025.
Frozen Food Market: Insight
Frozen is one of the oldest methods of preserving food. It helps to keep food fresh and nutritious for a longer period of time. The largely used frozen food products are ready-to-eat meals, vegetables, meat, seafood soups and so on. The developments in freezing and frozen foods technology and with changing consumer lifestyles, the need for convenience food is increased coupled with the development of low-cost refrigeration technologies that are providing significant growth to the frozen food market.
Rapid Urbanization has Resulted in the Growth of the Organized Retail Sector and Quick-Service Restaurants that are Propelling the Demand for the Frozen Food Market
The changing consumer lifestyles with consumers preferring ready-to-eat meals over time-consuming prepared meals is driving the growth of the market. Further, an increase in the number of working women, and the availability of a wide range of frozen food products are driving the demand for the market. Additionally, rapid urbanization has resulted in the growth of the organized retail sector and quick-service restaurants that are propelling the demand for the frozen food market.
Furthermore, the influence of western food culture in developing countries has changed their food habits and lifestyles this is again driving the growth of the market. However, lack of proper refrigeration facilities in the retail sector and inadequate distribution facility in rural areas affecting the growth of the market. Further, the manufacturers have limited investment in R&D and innovation to develop products that address consumer concerns around health, nutrition, and origin. This is again restraining the growth of the frozen food market. Moreover, the growing investment in developing distribution and supply chain capabilities is providing immense opportunities for the frozen food market.
Asia Pacific is the Largest Revenue Making Region for the Frozen Food Market
The Asia Pacific is the largest revenue making region for the frozen food market owing to rapid urbanization, growing population and increasing consumer awareness about the benefits of frozen food are driving the growth for frozen food in the region. Furthermore, growing demand and consumption of frozen foods in the developing markets across the Asian countries and rapidly growing retail sector are contributing to the growth of the market in this region.
Frozen Food Market: Segmentation
The report on global frozen food market covers segments such as type, consumption, and distribution channel. On the basis of type, the sub-markets include raw material, half-cooked, and ready-to-eat. On the basis of consumption, the sub-markets include food service, and retail. On the basis of distribution channel, the sub-markets include offline, and online.
Frozen Food Market: Competitive Landscape
The report provides profiles of the companies in the market such as Ajinomoto Co. Inc., Aryzta A.G., Cargill Incorporated, Kellogg Company, Flower Foods, General Mills Incorporation, Kraft foods Group Inc., JBS S.A., Nestle S.A., and EUROPASTRY S.A..
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/food-beverage/global-frozen-food-market
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the frozen food.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
