A recent report published by Infinium Global Research on frozen food market provides in-depth analysis of segments and sub-segments in the global as well as regional frozen food market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional frozen food market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global frozen food market. According to the report, the global frozen food market is projected to grow at a CAGR of 5.2% over the forecast period of 2019-2025.
Frozen is one of the oldest methods of preserving food. It helps to keep food fresh and nutritious for a longer period of time. The largely used frozen food products are ready-to-eat meals, vegetables, meat, seafood soups and so on. The developments in freezing and frozen foods technology and with changing consumer lifestyles, the need for convenience food is increased coupled with the development of low-cost refrigeration technologies that are providing significant growth to the frozen food market.
The changing consumer lifestyles with consumers preferring ready-to-eat meals over time-consuming prepared meals is driving the growth of the market. Further, an increase in the number of working women, and the availability of a wide range of frozen food products are driving the demand for the market. Additionally, rapid urbanization has resulted in the growth of the organized retail sector and quick-service restaurants that are propelling the demand for the frozen food market. Furthermore, the influence of western food culture in developing countries has changed their food habits and lifestyles this is again driving the growth of the market. However, lack of proper refrigeration facilities in the retail sector and inadequate distribution facility in rural areas affecting the growth of the market. Further, the manufacturers have limited investment in R&D and innovation to develop products that address consumer concerns around health, nutrition, and origin. This is again restraining the growth of the frozen food market. Moreover, the growing investment in developing distribution and supply chain capabilities is providing immense opportunities for the frozen food market.
The Asia Pacific is the largest revenue making region for the frozen food market owing to rapid urbanization, growing population and increasing consumer awareness about the benefits of frozen food are driving the growth for frozen food in the region. Furthermore, growing demand and consumption of frozen foods in the developing markets across the Asian countries and rapidly growing retail sector are contributing to the growth of the market in this region.
The report on global frozen food market covers segments such as type, consumption, and distribution channel. On the basis of type, the sub-markets include raw material, half-cooked, and ready-to-eat. On the basis of consumption, the sub-markets include food service, and retail. On the basis of distribution channel, the sub-markets include offline, and online.
The report provides profiles of the companies in the market such as Ajinomoto Co. Inc., Aryzta A.G., Cargill Incorporated, Kellogg Company, Flower Foods, General Mills Incorporation, Kraft foods Group Inc., JBS S.A., Nestle S.A., and EUROPASTRY S.A..
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into 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 food market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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