Increasing awareness about frozen food due to its increased shelf life, convenience in cooking, packaging and carrying, changes in the business strategies of the market players are key factors contributing to high CAGR of industry during forecast period.
Frozen Food Market Size – USD 260.8 Billion in 2018, Growth – CAGR of 3.2%, Trends – Change is Life Style and increase in availability
According to the current analysis of Reports and Data, the global Frozen Food market was valued at USD 260.8 Billion in 2018 and is expected to reach USD 366.3 Billion by year 2026, at a CAGR of 3.2%. They are preserved by a process of freezing and storing before cooking. It has a large market due to increased demand from the consumers. The freezing process helps to maintain the food in its original state till it is consumed. In this industry it involves two procedures for freezing, one is mechanical and the other one is cryogenic. The freezing process is required to safeguard the quality and its outer surface. The fast freezing helps to maintain the original cell structure of the food. Cryogenic freezing is one of the fastest process because it maintains the low fluid nitrogen temperature of around -196 degree Celsius.
The widespread adoption of frozen food amongst the consumers is its nutritious attribute. This items does not require any additional additives since microorganisms don’t develop when the temperature is beneath −9.5 °C (15 °F), which is adequate in anticipating the decay. There are few misconceptions about frozen food when compared with the packed foodstuff. The preservatives are present in packed items instead of frozen foods which are harmful to health. There are also misconceptions that freezing washes away the nutrients which is also another modern day myth. The freezing helps to cover the outer structure of the food which ultimately helps to preserve its nutrients. The rising preference for fresh and natural products is a restraining factor for this industry.
Companies considered and profiled in this market study:
Nestle, ConAgra Foods Inc., Heinz, Mother Dairy, McCain Foods, Kellogg Company, Unilever, General Mills Inc., Venky’s, and Pinnacle Foods Inc.
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Further key findings from the report suggest:
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For the purpose of this report, Reports and Data has segmented the Frozen Food industry on the basis of processed product type, Product Type, Distribution Channel, End-Use
Processed Product Type (Revenue, USD Billion; 2016–2026)
Product Type (Revenue, USD Billion; 2016–2026)
Distribution Channel (Revenue, USD Billion; 2016–2026)
End Use (Revenue, USD Billion; 2016–2026)
Regional Outlook (Revenue in USD Billion; 2016–2026)
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Table of Content:
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique
Chapter 2. Executive Summary 2.1. Summary Snapshot, 2018 – 2026
Chapter 3. Indicative Metrics Chapter 4. Frozen Food Segmentation & Impact Analysis 4.1. Frozen Food Segmentation Analysis 4.2. Frozen Food Market Value Chain Analysis, 2016-2026 4.3. Regulatory framework 4.4. Frozen Food Market Impact Analysis 4.4.1. Market driver analysis 4.4.1.1. Rising health concerns 4.4.1.2. Increasing demand for more shelf life …
Chapter 10. Competitive Landscape 10.1. Market Revenue Share by Manufacturers 10.2. Manufacturing Cost Breakdown Analysis 10.3. Mergers & Acquisitions 10.4. Strategy Benchmarking 10.5. Vendor Landscape
Chapter 11. Company Profiles 11.1. Nestle 11.1.1. Company Overview 11.1.2. Financial Performance 11.1.3. Product Length Benchmarking 11.1.4. Strategic Initiatives
Continue…
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