Frozen Food Market by Product (Fruits & Vegetables, Dairy, Meat & Seafood), Type (Raw Material, Half Cooked), Consumption, & Distribution Channel - Global Forecast to 2023

Monday, 25. February 2019 12:30

Dublin, Feb. 25, 2019 (GLOBE NEWSWIRE) -- The "Frozen Food Market by Product (Fruits & Vegetables, Dairy, Meat & Seafood), Type (Raw Material, Half Cooked), Consumption, Distribution Channel, and Region (North America, Europe, Asia Pacific, South America, and MEA) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The frozen food market is estimated to be valued at USD 219.87 billion in 2018 and is projected to grow at a CAGR of 5.14% during the forecast period; it is projected to reach USD 282.50 billion by 2023.

Frozen food products are increasingly becoming an integral part of the daily diet around the world, especially in European countries. Busy lifestyles have driven the food manufacturing industry to produce new products that could meet the rising demand from consumers, which, in turn, fuels the overall frozen food market. International trade of these products has gained prominence with their increasing demand, complemented by improved transportation facilities. The increase in the consumption of processed food products in the emerging markets of Asia Pacific and South America has also contributed to an increase in the sales of frozen food products. The demand in developing regions is driven by the increase in disposable income.

Other trends such as packaging and shelf-life enhancement present growth opportunities for the frozen food market. As a result, companies in the food market are investing in technologies to get refrigerated or retarded dough, frozen vegetables and meat, partially cooked food, and fully cooked food to store products for a longer duration. Factors such as developments in the retail landscape and technological advancements in cold chain are driving the frozen food market, globally. However, preference for fresh and natural food products and maintaining a constant temperature for the sustainability of frozen food act as restraining factors for the market.

Online grocery shopping and new apps (applications) in the retail sector are creating several opportunities for the overall processed food market and hence accelerating the frozen food market. With the growing penetration of the Internet and smartphone usage, retail grocery shopping is emerging as one of the platforms for companies to showcase and sell their food products.

Europe accounted for the largest share of the frozen food market in 2017. Italy and Spain are active contributors to the growth of the market in the region. The shift in consumer preference toward frozen food, as it saves time and is convenient, is driving the overall frozen food market in Europe. The Middle East & Africa is expected to witness the fastest growth during the forecast period. Population growth, rapid urbanization, and the rise in consumer awareness about the benefits of frozen food are the key factors driving the demand for frozen food in the region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Frozen Food Market, By Product

7 Frozen Food Market, By Type

7 Frozen Food Market, By Type

8 Frozen Food Market, By Consumption

9 Frozen Food Market, By Distribution Channel

10 Frozen Food Market, By Region

11 Competitive Landscape

12 Company Profiles

  • Ajinomoto
  • Associated British Foods Plc
  • Conagra Brands, Inc.
  • General Mills Inc.
  • Grupo Bimbo S.A.B. De C.V.
  • Kellogg Company
  • Lantmannen Unibake International
  • Mccain Foods Limited
  • Nestle SA
  • The Kraft Heinz Company
  • Unilever
  • Vandemoortele NV

For more information about this report visit https://www.researchandmarkets.com/research/pfmgkx/frozen_food?w=12

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
         Laura Wood, Senior Press Manager
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900
Related Topics: Frozen Food

22157.jpg

Related Links: 
Author:
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.