DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/hcn62f/frozen_food) has announced the addition of the "Frozen Food Market - Global Industry Analysis, Size, Share, Growth, Trends & Forecast 2013 - 2019" report to their offering.
The global frozen food market in terms of revenue was valued at USD 224.74 billion in 2012.
'Frozen Food Market (Vegetables & Fruits, Potatoes, Ready-To-Eat Meals, Meat, Fish/Seafood And Soups) - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019'
The increasing number of women in the workforce, changes in consumer purchasing patterns, busy lifestyles and the availability of a wide range of frozen products in different categories are the factors leading to the growth of the frozen food market. It is widely considered to be the next generation of convenient ready foods. The basic raw materials used in the production of frozen food include chicken, fish, pizza, beans and others. Raw material distributors and suppliers such as Cargill Inc., Ingredion Inc. and others supply various raw materials and ingredients according to the precise need to the manufacturers of frozen food according to the standard established during product testing.
The product segment covers various frozen food categories such as frozen ready meals, frozen fish/seafood, frozen potatoes, frozen fruits and vegetables and frozen soup. The frozen ready meal segment includes wide range of products such as frozen pizza, desserts, entrees and snacks etc. The frozen ready meals market is estimated to grow at a CAGR of 3.9% from 2013 to 2019. Frozen potatoes occupied a very small share in the market and are expected to increase their market share in future due to expanding range of applications for frozen potatoes. Frozen vegetables and fruits are considered the product for the next generation due to advancement in freezing technologies which provide products with an extended shelf life, therefore it is expected to increase its market share by 2019.
The global market for frozen food is highly fragmented with the top five players accounting for around 17% share in the total market. Nestle, ConAgra, H.J. Heinz are some of the leading industry participants in this market. Over the next five years the market concentration is expected to increase as the major players continue to grow through advanced technology, acquisition and different strategies to increase their market share and mainly due to their ability to bypass the wholesalers and sell directly to the retailers. In addition 12.5% of the market was occupied by private label which also acts as a major challenge for the international players to enter and establish themselves in the regional markets. Others, which includes companies such as The Schwan Food Company, McCains and also many local and unorganized brands, occupied a combined share of more than 65% in the global frozen food market in 2012.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Frozen Food - Industry Analysis
Chapter 4 Frozen Food - Product segment analysis
Chapter 5 Frozen food - Regional analysis
Chapter 6 Company Profiles
- Ajinomoto Co Inc
- Allens, Inc
- Amy's Kitchen Inc
- Birds Eye Foods, Inc
- ConAgra Foods, Inc
- General Mills Inc
- Heinz
- Iceland Foods Ltd
- Kraft Foods Group Inc
- Maple Leaf Foods Inc
- McCain Foods Canada
- Nestle
- Ralcorp Frozen Bakery Products Inc
- The Schwan Food Company
- Tyson Foods Inc
- Unilever Plc
For more information visit http://www.researchandmarkets.com/research/hcn62f/frozen_food
