The processed
food is frozen to control the microbial growth and to maintain the quality of
processed products over a long time span. The frozen processed food products
are stored under acclaimed temperatures to retain their quality. The freezing
of food products is carried out at a temperature of -6°F which tends to prevent
bacterial growth. Furthermore, the process has gained its popularity based on
the effectiveness and comparatively low production cost of the processed foods
produced by this technique. They are perceived as healthy and natural food
products, which is boosting the growth of the market.
The impulsive
breakdown of novel coronavirus across the world has considerably surged the
demand for frozen processed food due to its property of keeping nutrition for
long time and higher shelf life as compared to the fresh veggie, fruits, and
meat. Nearly all the countries in the globe have proposed a country level
lockdown in which people are limited to go outside their houses. This panic the situation around the world has boosted the demand for the frozen processed food
products as it helps the consumers to avoid regular market visits. Infinium
Global Research’s recent report on the“Frozen Processed
Food Market (Product Type (Frozen Bakery Products, Frozen Desserts, Frozen Meat
Substitutes, Frozen Sea Food, Frozen Processed Poultry, Frozen Processed Red Meat,
and Others)) Global Industry Analysis, Trends, Market Size & Forecasts to
2026” provides
a comprehensive outline of the factors responsible for the growth of the
market.
Exponential Growth
of Convenience Food Products to Drive the Market
Mounting
consumer preference for the ready-to-eat food products which need the least
preparation as well as cooking time and provides higher shelf life is the key
driving factor for the frozen processed food market. Furthermore, shifting
consumer dietary preference in hectic and busy life across the world is
expected to offer new scope for the market over the projection period. Rising
disposable incomes has augmented consumer preference for frozen processed food
consumption. Moreover, the growing number of fast-food joints, augmenting
demand for processed food, urbanization, and mounting export and import of
frozen processed food are some of the key factors, improving the growth of this
market. On the other hand, the high cost associated with frozen processed food
products restrains the growth of the market. However, the upsurge in demand
from developing economies is likely to showcase lucrative growth opportunities
for frozen processed food market over the forecast period.
The Asia Pacific Region
to be Expected as Fastest Growing Region in Frozen Processed Food Market
Geographically, North America generated
the largest revenue in the frozen processed food market in 2019 and is expected
to continue its dominance over the forecast years. High consumption of frozen
processed food in developed countries owing to busy lifestyles and higher
inclination towards convenience food is further projected to boost the growth
of the frozen processed food market in the North America region. Moreover, the
Asia Pacific region is anticipated to register significant growth in the frozen
processed food market over the forecast period owing to the increasing
consumption of frozen processed food products in developing economies such as
China and India. The growing interest of international companies in Asian
frozen processed food industry because of the presence of the largest consumer a base such as India and China are projected to further drive the growth of
frozen processed food market.
Key Players Focusing
to Increase the Production Capacity by Collaborating with Other Companies