Frozen Food Market Growth (CAGR of 6.15% by 2021) Driven by Rise in Working Population That Demand Ready-to-eat Meals Coupled With Presence of E-Commerce Channels: Radiant Insights, Inc.
SAN FRANCISCO, October 2, 2018 /PRNewswire/ --
The global Frozen Food Market is set to witness a higher CAGR of 6.15% during the period 2017-2021. Frozen foods are in high demand and the market experiences a cumulative growth as the products fall under various flavors with an authentic branding. The frozen food market is highly driven by rise in working population that demand ready-to-eat meals coupled with presence of e-Commerce channels. Availability of refrigeration for commercial and industrial freezing is likely to benefit the market growth in the forecast period. Minimal transportation costs and ease of consumption strengthens the market demand. Apart, manufacturers have now adopted novel policies for product preparation and packaging. However, cheap substitutes with no standardization and lack of authentic packaging might hinder the market growth in the forecast period. Frozen food market is segmented by products, which include fruit, vegetables, fish & seafood, canned food products, soups, and ready-to-eat meals. Fish & seafood products account for a significant market share owing to increased demands by working population and rise in disposable income.
Geographical segmentation for frozen food market comprises North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America and Europe account for significant market share owing to consumer preference for frozen food products with better quality. In addition, stringent norms and regulation for use of artificial flavors and the other food additives in European regions have accounted for the produce of quality products in the recent years. The trend continues to remain the same during the forecast period. Asia-Pacific regions dominate the global market due to rapid market expansion and rise in urbanization. Rise in food outlets and increase in disposable income are likely to contribute to the regional market growth in the forecast period. The prominent players in the frozen food market include General Mills Inc, Ajinomoto Inc, Nestle, Heinz Inc, Unilever Plc, Amy's Kitchen Inc and Allens Inc.
Access 70 page research report with TOC on "Frozen Food Market" available with Radiant Insights, Inc. @ https://www.radiantinsights.com/research/global-frozen-food-market-2017-2021
Global Frozen Food Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Amy's Kitchen
• Conagra Brands
• McCain Foods
• Tyson Foods
Other prominent vendors
• Ajinomoto Windsor
• General Mills
• Greencore
• Kraft Heinz
• Hormel Foods
• Iceland Foods
• Nomad Foods Europe
• Nestle
• FINDUS
• The Hain Celestial
• The Schwan Food Company
• 2 Sisters Food
Market driver
• Rising urbanization leading to demand for convenient food products.
• For a full, detailed list, view our report
Market challenge
• Increase in consumer preference for fresh food.
• For a full, detailed list, view our report
Market trend
• Rise in demand for gluten-free products.
• For a full, detailed list, view our report
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