DUBLIN--(BUSINESS WIRE)--The "Global Frozen Food Market - Growth, Trend, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The frozen food market projected to grow with a CAGR of 4.3%, during the forecast period (2019-2024). In 2017, Europe was the largest geographical segment of the market studied and accounted for around one third share of market.
The market is primarily driven by rising disposable income, the introduction of longer shelf life products, increasing impulse purchasing, and huge demand for frozen food products, due to the lack of time. The market evolved from selling raw foods, such as frozen meat, fish, vegetables, and fruits to prepared foods and frozen vegetable mixes (with meat, rice, and pasta), frozen desserts, and bakery products. Ice creams and cakes emerged as the leading product category in this market. The factors affecting the market's growth include flavors, including sweetness, fat content, and texture.
Key Market Trends
Demand for Nutritious Frozen Desserts Among Consumers
Many consumers are increasingly looking for a convenient frozen dessert-based snack, which delivers health benefits, tastes good, and offers a healthy snacking experience. The dairy industry in this sector is able to offer products with minimal processing, and low sugar content (particularly beneficial for diabetic patients) for easy eating experiences that go beyond the traditional three-square meal experience (good and filling meal). Milk-based frozen desserts provide food rich in nutrients, like vitamin D, calcium, potassium, magnesium, and vitamin A. Milk-based snacks also add more calories, protein, and a number of vitamins and minerals. They can, therefore, provide positive nutrition and help reduce nutrition deficiency. The nutrients in dairy-based frozen products include calcium, vitamin D, phosphorus, potassium, and vitamin A. Further, calcium, phosphorus, and protein contained in ice creams, yogurts, etc. drive up the demand for these products among consumers.
Europe Continue to Dominate the Global Market
Europe is the largest market for frozen food products, globally. Customers attitude toward frozen food has transformed significantly in Europe since the 1990s, driven by an improvement in living standards and an increasing need for convenience. Consumption level for frozen foods remains high across Europe, although the growth was rather limited in certain parts of the region during 2013-2016. This can be attributed to the intense competition the sector faces from chilled prepared foods, which are increasingly being perceived as foods that offer superior taste and quality, compared to their frozen equivalents. Recent evidence suggests that most manufacturers have been successful, as the frozen food market is back on the growth trajectory in countries, such as the United Kingdom, France, and Germany.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Product Category
5.2 By Product Type
5.2.1 Frozen fruits and vegetables
5.2.2 Frozen meat and fish
5.2.3 Frozen-cooked ready meals
5.2.4 Frozen desserts
5.2.5 Frozen snacks
5.3 By Freezing Technique
5.3.1 Individual quick freezing (IQF)
5.3.2 Blast freezing
5.3.3 Belt freezing
5.4 By Distribution Channel
5.4.1 Supermarkets & Hypermarkets
5.4.2 Convenience Stores
5.4.3 Online Channels
5.5.1 North America
5.5.3 Asia Pacific
5.5.4 South America
5.5.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 General Mills, Inc
6.4.3 Nestle SA
6.4.4 Tyson Foods, Inc
6.4.5 Nomad Foods Ltd
6.4.6 Ajinomoto Co. Inc.
6.4.7 Conagra Brands Inc.
6.4.8 Frosta Aktiengesellschaft
6.4.9 The Kraft Heinz Company
6.4.10 Dr. Oetker
6.4.11 Fonterra Co-operative Group
6.4.12 McCain Foods Limited
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/8izuzk