The Frozen Food Manufacturing Market to surpass USD 494.47 billion by 2030 from USD 227.09 billion in 2020 at a CAGR of 8.09% in the coming years, i.e., 2020-30.Increasing consumption of shelf-stable foods among today’s youngsters and elderly has projected to expand the growth of the Frozen Food Manufacturing Market, globally. Hectic work style and eating habits of consumers have made them lethargic to cook at home which has prompted the demand for Frozen Food on a large scale. Primary factors such as rapid urbanization, high personal income, and globalization are an aid to fuel the global market growth. The rising adoption of plant-based and vegan food products across the world is becoming major influencers for the varying market trends.
Frozen food is a preserved food that can be conveniently used from the time it is prepared to the time it is eaten. Freezing of food decelerates the decomposition by turning the remaining moisture of the food into ice. This process of freezing prevents the growth of bacteria. The food commodity industry follows two processes: mechanical and cryogenic which also called flash freezing. Freezing food is a vital process to maintain the texture and quality of the food. Frozen foods consist of crystalline ice inside freeze-concentrated solids. They are tempered or thawed before foster processing.
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- Con Agra Brands
- Tyson Foods Inc.
- Grupo Bimbo
- McCain Foods Limited
- Unilever Plc
- Kellogg Co.
- Nestle SA
- Schwan’s Company
- Lamb Weston Holdings Inc.
- Amy’s Kitchen
- Other Prominent Players
Frozen Food Manufacturing Market: Segments
Vegetables & Fruits segment to grow with the highest CAGR during 2020-30
The frozen Food Manufacturing Market is segmented by Product Type into Fruits & Vegetables, Dairy, Sea Food, Meat & Poultry, Baked Products, Refrigerated Soups, and Others. The Fruits & Vegetable segment is expected to register lucrative growth in the Frozen Food Manufacturing Market attributable to the protracted shelf-life and high nutrient-rich food products. Moreover, French fries, pizza, burgers, and other fast foods are expected to boom the food industry.
Supermarket segment to grow with the highest CAGR during 2020-30
The frozen Food Manufacturing Market is segmented by Distribution Channel into Supermarket, Offline, and Online. The Supermarket segment is anticipated to dominate the Frozen Food Manufacturing Market. According to Food Industry Association (FIA), 43% of the sale of the overall grocery exemplifies the entire market share by revenue for frozen foods per annum.
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Increasing adoption of ready-to-eat food products
The Frozen Food market is being compelled by the rising adoption of ready-to-eat frozen foods due to changing lifestyles and busy working schedules. Consumer shift in the eating customs for fresh and organic foods are predicted to impact the global market. Additionally, globalization, escalating disposable income, fleet urbanization, and several major aspects tend to aid the Global food market
Increasing demand for natural and fresh food products
Frozen food is considered to be an inferior alternate for fresh and natural food products which is deterring the worldwide growth for the Frozen Food Manufacturing Market. Uncertain speculations regarding frozen food set to hinder the market growth. However, FDA and IFIC ousted the myth that the prolonged storage of food reduces its quality and texture after a certain period. The shortfall of cold chain infrastructure in the emerging economies can threaten the Frozen Food Manufacturing Market globally.
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Frozen Food Manufacturing Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Frozen Food Manufacturing Market report also contains analysis on:
- By Product Type
- Fruits & Vegetables
- Sea Food
- Meat & Poultry
- Baked Products
- Refrigerated Soups
- By Consumption
- Food Service
- By Distribution Channel
- Convenience Store
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