According to our market study on global frozen food market, “Leading key players are adopting acquisitions as their key strategy to diversify the product portfolio and garner untapped business opportunities of frozen food market. For instance, Nestle Group acquired Chef America, Inc. and Kraft Foods’ frozen pizza to expand the frozen food business in North America region.” The global frozen food market segmentation has been carried out on the basis of product type and distribution channel. Based on product type, global frozen food market is further bifurcated into frozen fruit & vegetables, frozen fish & seafood, frozen poultry & meat products, frozen ready to eat meals, frozen soups and other frozen products. Frozen ready to eat meals valued USD 35.6 billion in 2016. Increasing popularity of timely prepared food is boosting the growth of frozen ready to eat meals market across the globe. Frozen ready to eat meals valued USD 35.6 billion in 2016.
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Market Segmentation
Global Frozen Food Market is categorized on the following basis:
• Based on Product Type
o Frozen Fruits and Vegetables
o Frozen Poultry and Meat Products
o Frozen Soups
o Frozen Fish and Sea Food
o Frozen Ready to Eat Meals
o Other Frozen Products ( Pizza, Confectionary Items)
• Based on Distribution Channel
o Online Channel for Frozen Food
o Offline Channel for Frozen Food
• Based on Geography
o North America (U.S. & Canada) {Market Size (USD Billion), Growth Analysis (%) and Consumption Rate (%)}
o Latin America (Brazil, Mexico & Rest of Latin America) {Market Size (USD Billion), Growth Analysis (%) and Consumption Rate (%)}
o Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) {Market Size (USD Billion), Growth Analysis (%) and Consumption Rate (%)}
o Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Size (USD Billion), Growth Analysis (%) and Consumption Rate (%)}
o Middle East & Africa (GCC, South Africa, North Africa, RoMEA) {Market Size (USD Billion), Growth Analysis (%) and Consumption Rate (%)}
o Rest of World {Market Size (USD Billion), Growth Analysis (%) and Consumption Rate (%)}
Global frozen food market size is expected to reach over USD 196 billion in 2024. Latin America and Middle East and Africa are the fastest growing region for global frozen food market during the forecast period. Middle East and Africa frozen food market valued USD 7.17 billion in 2016 and expected to witness decent growth during the forecast period.
“Global Frozen Food Market Outlook 2024” contains detailed overview of the global frozen food market in terms of market segmentation by product type and by distribution channel.
Further, for the in-depth analysis, Frozen food market research report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.
Global frozen food market report also includes competitive outlook of some of the major players of the global frozen food market which includes profiling of companies such as McCain Foods, General Mills, Inc., Nestle Group, The Schwan Food Company, Rich Products Corporation, Heinz Company, Dole Food Company, ConAgra Foods Inc., Maple Leaf Foods Inc., BRF SA, Mother Dairy Fruit & Vegetable Pvt. Ltd., Pinnacle Foods Inc., Ajinomoto Co. Inc., Unilever PLC and Tyson Foods Inc.. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global frozen food market trends that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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