December 19th, 2022
The Global Frozen Food Market was estimated at USD 3.69 billion in 2021 and is projected to reach USD 5.37 billion by 2028, growing at a CAGR of 5.5% during the studied period.
Food and beverages which are thoroughly processed, packed, and preserved by freezing following good commercial practices, which are further intended for consumption are called as frozen food. Frozen foods are an extremely affordable and convenient way to incorporate nutritious and healthy foods, including fruits & vegetables, protein & dairy, as well as whole grains. Chefs across the globe are highly benefitted from frozen foods as they deliver excellent quality as well as reduce labour and waste. Frozen foods contain more minerals and vitamins as fresh foods tend to lose them over a certain time, whereas freezing preserves and retains nutrients. This is one of the major factors that attract maximum consumers to choose frozen food over fresh food. For instance, a survey of 2000 adults by Deloitte found that although consumers may enjoy the consumption of fresh foods, they are aware of the huge food waste, and thus opt for frozen foods owing to their nutritional value as well as extended shelf life.
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The Frozen Food report offers a better understanding of the market, which aids in the development of products and marketing initiatives to more precisely target the target market. A market research report can decrease risk and save time and money. This business report will be highly beneficial for increasing the company's industry expertise, developing new advertising and marketing strategies, and identifying the demographics that need to be targeted. In order to ensure that businesses are effectively receiving the crucial information required, the Frozen Food market report has the best research offerings and the necessary expertise. This is true regardless of whether businesses are looking for new product trends or competitive analysis of an existing or emerging market.
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Key Prominent Players In The Frozen Food Market:
· General Mills Inc. (US)
· Nestle SA (Switzerland)
· Conagra Brands Inc. (US)
· Ajinomoto Co. Inc. (Japan)
· McCain Foods Limited (Canada)
· The Kellogg Company (US)
· Grupo Bimbo S.A.B. DE C.V. (Mexico)
· Lantmannen Unibake International (Denmark)
· The Kraft Heinz Company (US)
· Unilever PLC (UK)
· Cargill Incorporated (US)
· Wawona Frozen Food (US)
· Tyson Foods, Inc. (US), and other major players.
Segmentation of The Frozen Food Market
This report has explored the key segments: by Type, By Product, and by Region. The lucrativeness and growth potential have been looked into by the industry experts in this report.
· Raw Material
· Convenience Food & Ready Meals
· Meat & Seafood Products
· Dairy Products
· Bakery Products
· Fruits & Vegetables
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA)
Covid-19 Impact Analysis On Frozen Food Market
Covid-19 had a widespread effect on almost every industry across the world. However, frozen food products witnessed huge growth in the pandemic era as consumers were stuck at home, and looked out for healthy and safe food product options. Frozen foods are now experiencing tailwinds owing to their low perishable nature, better pricing as well as a growing number of premium options, which further presents profitable opportunities for innovations among the manufacturers. The frozen food market widely experienced an increase in sales owing to the panic buying of food products among consumers with the fear of long-term lockdown caused by the virus.
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The scope of the Report:
The report segments the global Frozen Food Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Frozen Food Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
Essential points covered in Frozen Food Market report are: -
· What will the market size and the growth rate be in 2028?
· What are the key growth stimulants of the Frozen Food Market?
· What are the key market trends impacting Frozen Food Market valuation?
· What are the challenges to market proliferation?
· Who are the key vendors in the Frozen Food Market?
· Which are the leading companies contributing to Frozen Food Market valuation?
· What was the market share held by each region in 2028?
· What is the estimated growth rate and valuation of the Frozen Food Market in 2028?
Table of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Product
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Frozen Food Market by Type
5.1 Frozen Food Market Overview Snapshot and Growth Engine
5.2 Frozen Food Market Overview
5.3 Raw Material
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors, and Opportunities
5.3.4 Raw Material: Geographic Segmentation
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
To Be Continued.
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