LONDON--(BUSINESS WIRE)--Technavio has been monitoring the frozen food market and it is poised to grow by $ 64.69 bn during 2020-2024, progressing at a CAGR of almost 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
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What are the major trends in the market?
Technological innovation is a major trend driving the growth of the market. -
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 4.32% and the incremental growth of the market is anticipated to be $ 64.69 bn. -
Who are the top players in the market?
Ajinomoto Co. Inc., Bonduelle SCA, Conagra Brands Inc., Dr. August Oetker Nahrungsmittel KG, George Weston Ltd., Kerry Group Plc, McCain Foods Ltd., Nestlé SA, Nomad Foods Ltd., and Tyson Foods Inc., are some of the major market participants. -
What is the key market driver?
The expansion of retail stores offering frozen food is one of the major factors driving the market. -
How big is the North America market?
The North America region will contribute 33% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Ajinomoto Co. Inc., Bonduelle SCA, Conagra Brands Inc., Dr. August Oetker Nahrungsmittel KG, George Weston Ltd., Kerry Group Plc, McCain Foods Ltd., Nestlé SA, Nomad Foods Ltd., and Tyson Foods Inc. are some of the major market participants. The expansion of retail stores offering frozen food will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Frozen Food Market 2020-2024: Segmentation
Frozen Food Market is segmented as below:
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Product
- Frozen Ready Meals
- Frozen Meat And Poultry
- Frozen Fish And Seafood
- Frozen Fruits And Vegetables
- Others
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Geography
- Europe
- North America
- APAC
- South America
- MEA
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Frozen Food Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The frozen food market report covers the following areas:
- Frozen Food Market Size
- Frozen Food Market Trends
- Frozen Food Market Industry Analysis
This study identifies technological innovations as one of the prime reasons driving the frozen food market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Frozen Food Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist frozen food market growth during the next five years
- Estimation of the frozen food market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the frozen food market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of frozen food market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- , of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- Frozen ready meals - Market size and forecast 2019-2024
- Frozen meat and poultry - Market size and forecast 2019-2024
- Frozen fish and seafood - Market size and forecast 2019-2024
- Frozen fruits and vegetables - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Product
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Ajinomoto Co. Inc.
- Bonduelle SCA
- Conagra Brands, Inc.
- Dr. August Oetker Nahrungsmittel KG
- George Weston Ltd.
- Kerry Group Plc
- McCain Foods Ltd.
- Nestlé SA
- Nomad Foods Ltd.
- Tyson Foods, Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
-
List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
