The report on global frozen processed food market provides qualitative and quantitative analysis for the period of 2015 to 2023. According to the report the global frozen processed food market is projected to reach USD X.XX billion by 2023, growing with a CAGR between XX % to XX % from 2017 to 2023. The global frozen processed Food market was worth USD 58.1 billion in 2015.
The report identified that the global frozen processed food market is driven by factors such as vast product portfolio of frozen processed food due to product innovation undertaken by manufacturer operating in the market and healthy benefits associated with frozen processed food. Since, frozen food is perceived as natural and healthy food among the consumer worldwide, more consumer are gradually shifting towards the consumption of frozen processed food in order to attain healthier life style. This factor is one of the major market driver for the frozen processed food market. On the other hand, the restraining factor identified in the study includes rising health awareness among consumers and rising incidences of adult suffering from hyper obesity worldwide.
Growth in retail sector in developing countries such as India, China, UAE and Philippine provide opportunity for major player in this market. Rising awareness for health and wellness and increasing obesity issue due to which demand for low fat calorie frozen processed food is the major challenge for leading player.
The report segments the global frozen processed food market by product type and region. The segmentation based on product type includes frozen bakery products, frozen desserts, frozen meat substitutes, frozen sea food, frozen processed poultry, frozen processed red meat. The market size of each segment has been provided in terms of value (USD) and volume (tons).
Figure: Global Frozen Processed Food Market by Value 2015-2023
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015 – 2023.
North America dominated the global frozen processed food market, with market share of more than XX% in 2015. High consumer preference for frozen foods and growing awareness about healthy food option drives the North America market. Asia Pacific is the second largest market for frozen processed food after North America and held largest market share in the 2015. Moreover, APAC region anticipated to witness healthy CAGR of XX% over the forecast period. This is due to growth in retail sector, technological advancement and development of new products.
The companies covered in the report include ConAgra Foods, Inc., Nestle S.A., Tyson Foods Inc., Unilever plc., BRF S.A., General Mills, Tyson Foods Inc, Maple Leaf Foods Inc, Mother Dairy Fruit and Vegetable Pvt. Ltd, Kraft Foods Group Inc, and General Mills.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of frozen processed food globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of frozen processed food.
Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the frozen processed food market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the frozen processed food market to understand the present and future trends in this market and formulate their strategies accordingly.
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