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Frozen Food Market 2018-2026 | Size, Growth, Trends and Forecast | Credence Research

According to the latest report published by Acute Market Reports, Inc. “Global Frozen Food Market – Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global frozen food market was valued at US$ 252.77 Bn in 2017, expected to grow at a CAGR of 6.6% from 2018 to 2026.

Market Insights

Frozen food is stored below zero degrees for retaining the moisture content at a solid state, which enhances the preservation period of the frozen food product as compared to their fresh counterparts. Refrigeration allows the consumers with the access to seasonal food items, especially frozen fruits & vegetables and also allows them store the food products for future consumption. Moreover, frozen food products contain high amounts of minerals and vitamins because refrigeration helps in preservation, without the addition of preservatives and also prevents microbial growth that can cause spoilage of the food item.

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Transition in the consumption pattern of the millenials is one of the major factors responsible for the growth of the frozen food market at present. Millenials are driven towards the consumption of frozen food due to convenience, as frozen foods require lesser amount of time to prepare which helps to save a considerable amount of time spent on cooking.

Moreover, this trend is also supported by the rising number of working females, which has witnessed considerable increase over the past decade. Countries such as U.S., Canada, Germany, France, and U.K. among others have a high percentage of working females, which is augmenting market growth of frozen food in these countries. Robust growth of the food service industry is another key factor resulting in a steady market growth of the frozen food market.

Based on product type, frozen ready-to-eat meals dominated the market in 2017 and expected to display a promising growth in the coming years on account of rapid adoption of such food items among millenials. Premiumization is a key factor responsible for the growth of the ready-to-eat meal segment. Strengthening economic condition of countries such as U.K. has urged the consumers shift to the purchase of premium products, which in turn has led the manufacturers to focus on bring out new offerings in the ready-to-eat meals category in order to satisfy the demand of the consumers.

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This trend has resulted in reduced demand for traditional food products in the country. Based on distribution channel, supermarkets & hypermarkets dominated the market in 2017. Consumer inclination towards supermarkets & hypermarkets is the highest due to the availability of a huge variety of frozen food products and the freedom of choosing from multiple brands.

North America and Europe are matured markets for frozen food. Consumers in these regions are more inclined towards the consumption of frozen food products compared to fresh food products, which is a key factor driving the growth of the frozen food market. In Germany, food products aiding in convenience witnessed a positive growth in 2017, with frozen ready-to-eat meals topping the charts. The frozen food market in Europe is witnessing a rapid expansion, the growth of which is majorly attributed to the rising consumer desire for convenience. Sale of frozen food products is noted to the be the highest in the Western European countries such as U.K., Germany, France and the Benelux countries, where the trend of convenient food products is the highest compared to the other regions in Europe.

Further, 2017 witnessed a significant rise in demand for frozen fruits & vegetables in Europe as well. The rise in demand is majorly attributed to the emergence of new products being introduced in this category coupled with growing awareness regarding the availability of such products. Further, shortage in the supply of fresh fruits & vegetables is another key factor for the increased inclination of the consumers towards the consumption of frozen fruits & vegetables in Europe.

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Key players operating in the global frozen food market includes Ajinomoto Co. Inc., Bonduelle Group, ConAgra Foods Inc., General Mills Inc., Kraft-Heinz Company, McCain Foods, Nestle S.A., Pinnacle Foods Inc., Tyson Foods Inc., and Unilever Plc.

Product Type Segment (2016-2026; Kilo Tons, US$ MBn)

Frozen Meat & Seafood
Frozen Fruits & Vegetables
Frozen Potatoes
Frozen Ready-to-eat Meals
Frozen Desserts

Distribution Channel Segment (2016-2026; Kilo Tons, US$ Bn)

Supermarkets & Hypermarkets
Convenience Stores
Online Channels
Others (grocery stores, departmental stores)

More Details and Information on Frozen Food Market Research Report Now at https://www.acutemarketreports.com/request-for-customization/57931

Packaging Type Segment (2016-2026; Kilo Tons, US$ Bn)

Rigid Packaging
Flexible Packaging

Geography Segment (2016-2026; Kilo Tons, US$ Bn)
North America
Europe
Asia Pacific (APAC)
Latin America (LATAM)
Middle East & Africa (MEA)

Key questions answered in this report:

Who are the major manufacturers and distributors operating in frozen food market?
What are the largest segments in the market during the forecast period from 2018 to 2026?
Which are the fastest growing segments in the market for the forecast period?
What are the current market trends in the frozen food market and valuable opportunities for the players?
How are the regulatory frameworks affecting the global as well as regional markets?
Which are the key players operating in the global market and the strategies adopted by them?
What is the market size and trend in emerging and developed markets?

Browse the full report Global Frozen Food Market 2018-2026 at https://www.acutemarketreports.com/report/frozen-food-market

Table of Content:

Chapter 1. Preface……..
Chapter 2. Executive Summary……..
Chapter 3. Market Dynamics ……..
Chapter 4. Global Frozen Food Market, by Product Type ……..
Chapter 5. Global Frozen Food Market, by Distribution Channel ……..
Chapter 6. Global Frozen Food Market, by Packaging Type ……..
Chapter 7. Global Frozen Food Market, by Geography ……..
Chapter 8 Company Profiles
8.1 Ajinomoto Co. Inc.
8.2 Bonduelle Group
8.3 ConAgra Foods Inc.
8.4 General Mills Inc.
8.5 Kraft-Heinz Company
8.6 McCain Foods
8.7 Nestle S.A.
………………… toc continued

Research methodology applied for this study:

Methodology of this research study includes primary and secondary research for defining the market size, shares and forecast for global Frozen Food market specific to key segments, and regional segmentation.

a.            Secondary Research

Secondary research was initiated with data collected through sources such as press releases, company annual reports, and relevant documents focusing on the current developments in the global Frozen Food market. Authentic sources such as university research papers, scientific journals, and government websites were similarly screened for identifying business opportunities in several geographical markets and penetration of various products/services in these geographies. Paid databases were excavated to assemble information beneficial for broad commercial study of the key players operating in Frozen Food market. In case lack of data availability on the public domain, we used estimation models to arrive at comprehensive data sets. Secondary research helped to create a firm base to build market size, analyze trends, and understand the dynamics of Frozen Food market study.

b.            Primary Research

The exhaustive secondary research practiced was supported & validated by extensive primary research. Primary research was carried out with the help of e-mail interactions, telephonic interviews, as well as face-to-face interviews with the leading industry stakeholders.

The participants tracked for primary interviews include:

•             Marketing/product managers

•             Vice President/ CEOs

•             National sales managers

•             Market intelligence managers

•             Distributors

•             Purchasing managers

•             Other stakeholders

Browse the full report Global Frozen Food Market – Growth, Future Prospects and Competitive Analysis, 2018-2026 at https://www.acutemarketreports.com/report/frozen-food-market

About Us:

Acute Market Reports is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

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