Global Frozen Food Market Analysis: Trends And Future Prospects 2019-2023


Posted June 20, 2019 by kavitakrishna98

The frozen meal market is expected to have the highest global revenue generation of USD 149.9 Bn by 2023 growing at a CAGR of 4.2%.

 
Bharat Book Bureau Provides the Trending Market Research Report on “Global Frozen Food Market (2018-2023)” under Frozen Foods category. The report provides information on industry overview,market size, latest developments, industry trends, Key Manufacturers, global presence, device to communicate and their future prospects.

The global frozen food market is expected to expand at a CAGR of 4.5% and will be worth USD 377.3 Bn by 2023. The main factor driving the market is the change in population composition and the change in lifestyle. The proportion of millennials in the population has increased considerably in the recent past. They are starting to consider frozen food as a viable alternative because it is more convenient to use and befits their busy schedule. Additionally, restaurants and fast food chains have also increased the usage of frozen food to make their offerings more cost effective.

Request a Free Sample Copy Of Frozen Food Market Report @
https://www.bharatbook.com/marketreports/sample/reports/1602448

Segmentation based on product
The various frozen food products available in the market are meals, fruits and vegetables, meat and seafood, and snacks, among others. The frozen meal market is expected to have the highest global revenue generation of USD 149.9 Bn by 2023 growing at a CAGR of 4.2%. The frozen meat and seafood market is expected to be the second-largest market segment having a global revenue of USD 120.3 Bn by 2023 and CAGR of 3.3%. The growth can be attributed to convenience, availability of various cuisine options and the change of perception of people towards frozen food. Moreover, due to hectic lifestyle, time available for home cooking and grocery shopping is expected to witness a decline. These factors will also contribute heavily to the growth of the market.

Regional insights
North America is the leading contributor to the global frozen food market. The North American frozen food market is projected to expand at a CAGR of 3.4% during 2018-2023, leading to a regional revenue of USD 183.4 Bn by 2023. However, the Asia-Pacific (APAC) region is anticipated to expand at the highest CAGR of 7.3% between 2018 and 2023. The growth can be attributed to increase in per capita income and rapid urbanization. In the LATAM frozen food market, Brazil, Argentina and Mexico are the key contributing countries. In the MEA frozen food market, Saudi Arabia and the United Arab Emirates are the key contributors.

Companies Covered
• Cargill
• Nestle
• JBS
• Tyson
• Kraft Heinz
• General Mills
• Ajinomoto
• BRF
• Conagra

Executive summary
Global frozen food market – overview
Global frozen food market – based on product
North America frozen food marketEurope frozen food market
Market scope and segmentation
Key questions answered
Executive summary
Market definitions
Market overview
Global market revenue (USD Bn)
Global market revenue 2015 – 2023 (USD Bn)
Geography-wise market revenue 2018, 2023 (USD Bn)
Global market trends
Global drivers
Global market challenges

Browse our full report with Table of Contents :
https://www.bharatbook.com/marketreports/global-frozen-food-market-2018-2023-/1602448

About Bharat Book Bureau:

Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 4,80,000 reports and insights that includes latest Market Study, Market Trends & Analysis, Forecasts customized Intelligence, Newsletters and Online Databases. Overall a comprehensive coverage of major industries with a further segmentation of 100+ subsectors.

Contact us at:
Bharat Book Bureau
Tel: +91 22 27810772 / 27810773
Email: [email protected]
Website: www.bharatbook.com

Follow us on : Twitter, Facebook, LinkedIn
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By [email protected]
Phone +91 22 27810772 / 27810773
Business Address 808, Real Tech Park, 8th Floor, Sector - 30A,
Vashi, Navi Mumbai - 400703, India.
Country India
Categories Business , Food
Tags frozen food market by region , Frozen Food Market , Frozen Food Market Forecast , Frozen Food Market Trends , Frozen Food , frozen food market report , frozen food market outlook , frozen food market by product
Last Updated June 20, 2019