Frozen Food Market 2021 Recent Development and Trends, Expected Growth and its Factors, CAGR, Industry Size, Business Prospects and Forecast 2025

REPORT HIGHLIGHT

The frozen food market is estimated to represent a global market of USD 134.6 billion by 2017 with growth rate of 4.9%.

Market Taxonomy

The frozen food market includes the market estimation for the sale of frozen meat products, fish/seafood, potato products, pizza, bakery products, ready meals, vegetables, fruit and frozen desserts. One of the primary purposes for frozen foods is to prolong food’s shelf-life. The industry is producing stable and consistent levels of low growth however the growth is expected to experience a strong demand through the end of the study period.

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Product Takeaway

Product segment is divided into Ready Meals, Bakery Products, Meat Products, Seafood, Pizza, Potato Products, and others. Of which, frozen ready meals are considered to be the largest industry segment, captured more than 23% of the global market value. Frozen bakery products have generated lowest revenue compared to another product segment. Preference of conventional and fresh backed products among customers has pulled back the growth of this segment. Hypermarkets, Independent Retailers, Convenience Stores, and others segments are categorized under distribution channel. Hypermarkets can make a large product purchase and thus enable to negotiate on price with manufacturers which provide a strong platform for the growth of this segment.

Global Frozen Food Market, by Product, 2017 (Value%)

Regional Takeaway

Regions such as North America, Europe, Asia Pacific and Rest of the World are studied in detail. Europe recorded highest industry revenue, captured 37.8% share of the overall market value in 2017. North American countries such as the U.S. and Canada is likely to grow with a significant growth rate over the forecast period. Rising number of people preferring ready-to-eat foods due to busy lifestyles of the working class coupled with easy availability of these products drive the industry growth in developed regions. Furthermore, the industry demands high capital investment establish a warehouse and create an efficient distribution channel while developing frozen food manufacturing. This fact would, in turn, limit the growth of this industry in Asia Pacific region.

Key Vendor Takeaway

The industry demonstrates a highly fragmented and competitive structure owing to the presence of numerous players. No company in the industry exert significant influence. Nestle emerged as the leading player in the global frozen food industry, captured around 7.0% share of the market’s value. Also, key players such as Permira, Berkshire Hathaway, and ConAgra Foods are profiled in detail.

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These companies are engaged in the manufacturing, processing, and wholesale of frozen foods as players. Frozen food products are largely undifferentiated, making it more difficult for market players to retain buyers, and forcing them to compete through pricing and end-user brand loyalty, thus forcing buyers to purchase what the consumer wants.

The market size and forecast for each segment and sub-segments has been considered as below:

Historical Year – 2014 & 2016

Base Year – 2017

Estimated Year – 2018

Projected Year – 2025


TARGET AUDIENCE

Traders, Distributors, and Suppliers

Manufacturers

Hospitals

Government and Regional Agencies and Research Organizations

Consultants

Distributors


SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:


MARKET, BY PRODUCT

Ready Meals

Bakery Products

Meat Products

Seafood

Pizza

Potato Products

Others


MARKET, BY DISTRIBUTION CHANNEL

Hypermarkets

Independent Retailers

Convenience Stores

Others


MARKET, BY REGION

North America

U.S.

Canada

Europe

Germany

France

Rest of Europe

Asia Pacific

India

China

Rest of APAC

Rest of the World

Middle East and Africa

Latin America


About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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