Market Overview:
The Global Frozen Food Market was valued at USD 271.95 Billion in 2021, and it is projected to reach USD 406.22 Billion by 2028, registering an estimated CAGR of 5.9% during 2021- 2028.
A frozen food is any substance used in foods or beverages that is processed, packaged, completely frozen and preserved following good commercial practices, and is intended to be sold in a frozen state. Frozen foods are a very convenient and affordable way to incorporate nutritious and healthy foods, including fruits, vegetables, protein and dairy, as well as whole grains. Chefs all over the world benefit greatly from frozen foods because they provide excellent quality as well as reduce labor and waste. Frozen foods contain more minerals and vitamins because fresh foods tend to lose them over a certain period of time, as preservatives are frozen and nutrients are retained. This is one of the main factors that attract the largest number of consumers to choose frozen foods over fresh foods.
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The Frozen Food Market Research report includes value chain analysis for each type of product. Value chain analysis provides in-depth information about adding value at each stage. The study includes the drivers and constraints of the Frozen Food Market along with their impact on demand during the forecast period. The study also provides key market indicators that influence market growth.
Top Key Players Covered In Frozen Food Market:
- General Mills Inc. (US)
- Nestle SA (Switzerland)
- Conagra Brands Inc. (US)
- Ajinomoto Co. Inc. (Japan)
- McCain Foods Limited (Canada)
- The Kellogg Company (US)
- Grupo Bimbo S.A.B. DE C.V. (Mexico)
- Lantmannen Unibake International (Denmark)
- The Kraft Heinz Company (US)
- Unilever PLC (UK)
- Cargill Incorporated (US)
- Wawona Frozen Food (US)
- Tyson Foods, Inc. (US), and other major players.
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Segmentation Analysis Of Frozen Food Market:
By Type:
The Ready-to-Eat segment is expected to dominate the market growth of frozen food in the forecast period. The huge dominance is due to the hectic lifestyles, and the ease of availability of frozen food meals.
By Product:
Meat and Seafood Products is the major dominating segment of the frozen food market. The increasing usage of such products by the major food companies such as KFC, Pizza Hut, and McDonald’s acts as a key driver of the growth of the meat and seafood product segment.
By Type:
- Raw Material
- Half-Cooked
- Ready-To-Eat
By Product:
- Convenience Food & Ready Meals
- Meat & Seafood Products
- Dairy Products
- Bakery Products
- Fruits & Vegetables
- Others
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Regional Analysis Of Frozen Food Market:
North America dominates the frozen food market in recent years and is expected to witness huge growth over the forecasted period. The major factors that are aiding the rapid growth of the frozen food market in the North American region are the rapidly growing benefits of such frozen eatables, rise in urbanization, growing population, and rising consumer awareness regarding ready-to-eat and ready-to-cook meals.
By Region:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
Covid-19 Impact Analysis On Frozen Food Market:
Covid-19 has had a widespread impact on almost every industry around the world. However, frozen food products have experienced exponential growth in the era of the pandemic as consumers have been stuck at home, looking for healthy and safe food product options. Frozen foods are now experiencing a tailwind due to their less perishable nature, better pricing, as well as the growing number of premium options, which provide more lucrative opportunities for innovations among manufacturers.
Table Of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
3.1 By Type
3.2 By Product
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Frozen Food Market by Type
To Be Continue….
Reasons To Buy The Report:
- To identify the main subsegments of the Frozen Food market to comprehend its structure.
- Identifies describes, and analyses the sales volume, value, market share, competitive market landscape, opportunities and threats, and strategic initiatives for the main worldwide Frozen Food manufacturers for the next few years.
- To examine the Frozen Food in terms of specific expected growth, career outlook, and market share contribution.
- Analyze commercial developments in the market, such as market expansions, partnerships, new product development, and mergers.
- To develop a strategic analysis of the main players and a thorough analysis of their strategic planning.
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