San Francisco, 05
March, Frozen Food Market Analysis By Product (Fruits & Vegetables, Fish
& Sea Food, Potato, Meat, Soup, Ready Meal) And Segment Forecast To 2024
The global frozen food market is
expected to reach USD 360.36 billion by 2024, according to a new report by
Grand View Research, Inc. The increasing number of working married women is
expected to favor the frozen food industry over the forecast period. They also
contain more vitamins and minerals compared to fresh produce. Quick Freezing
technology is incorporated fresh picked items to offer the consumers with
exotic flavor and taste.
However, if these products are kept open or unused for a
long time, they tend to lose their nutritional value and can be affected by
microbial growth. In recent years, manufacturers introduced newer technologies
that can freeze products in less than seven minutes and ponder upon their
packaging material so that they do not lose their nutritional content. Frozen
food producers via promotional events and exhibitions are introducing newer
products also.
Companies are trying to introduce leverage new freezing
techniques which include thermo-acoustic and magnetic freezing for resource
efficiency in the manufacturing process. There have been innovations pertained
to packaging by both manufacturers and retailers. In the U.S., edible packaging
named Wikicell has been developed that offers sufficient protection for foods
and helps them to maintain their flavor quality & packaging waste.
Access Full Research
Report On Frozen Food Market Analysis:
Further key findings from the study
suggest:
·
Frozen ready meals had the highest
penetration in 2015 with a valuation of over USD 80 billion. Owing to busy
lifestyles, consumers prefer easy cooking techniques. These food products just
need to be heated for two-three minutes before human consumption.
·
A new model called time specific defrosting
is likely to emerge in future years where products are defrosted slowly and
potentially cooked once they are taken out
·
Asia Pacific is expected to witness the
highest growth of 5.0% over the next eight years. Traditional cooking can often
be time consuming and labor intensive for Indian & Chinese consumers. As a
result, such convenient products often prove to be a lucrative opportunity for
meal preparation.
·
The industry is highly fragmented with a
presence of both multinational corporation and domestic companies. In a recent
study by ConAgra Foods, it was reported that frozen meals are eaten as a part
of a reduced calorie diet that helps the consumers learns the amount and
correct options of eating.
·
Industry participants majorly include
McCain Foods, General Mills, Inc, Dole, Nestle, The Schwan Food Company, Rich
Products Corporation and Heinz.
Browse More
Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods
Grand View Research has segmented the frozen foodmarket
on the basis ofproductand region,
Product Outlook (Revenue, USD Billion, 2014
- 2024)
·
Frozen fruits & vegetables
·
Frozen potatoes
·
Frozen ready meals
·
Frozen meat
·
Frozen fish/seafood
·
Frozen soup
·
Other products
Regional Outlook (Revenue, USD Billion,
2014 - 2024)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
o
France
·
Asia Pacific
o
Japan
o
China
o
India
·
Central & South America
·
Middle East & Africa
Browse Press
Release of this Report:
https://www.grandviewresearch.com/press-release/global-frozen-food-market
https://www.grandviewresearch.com/press-release/global-frozen-food-market
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This
U.S.-based market research and consulting company is registered in California
and headquartered in San Francisco. Comprising over 425 analysts and
consultants, the company adds 1200+ market research reports to its extensive
database each year. Supported by an interactive market intelligence platform,
the team at Grand View Research guides Fortune 500 companies and prominent
academic institutes in comprehending the global and regional business
environment and carefully identifying future opportunities.
For more
information: www.grandviewresearch.com/
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