GLOBAL FROZEN FOOD MARKET was valued at USD 140.14 Billion in the year 2017. Global Frozen Food Market is further estimated to grow at a CAGR of 4.91% from 2018 to 2023. Europe region holds the highest market share in 2017 followed by North America while Asia-Pacific is considered as the fastest growing market in the estimated period with convenience as a major driving factor. The U.S. is the major market in 2017 at country level and it is further anticipated to grow at a steady pace in the next 5 years. The growth factors are rising consumption and demand of ready to eat food.
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Key Market Players
Birds Eye Foods, Inc. (U.S)
Aryzta A.G. (Switzerland)
Ajinomoto Co., Inc. (Japan)
Bellisio Foods, Inc. (U.S)
Kraft Foods Group Inc. (U.S)
Cargill Incorporated (U.S)
JBS S.A. (Brazil)
Kellogg Company (U.S)
Nestle S.A. (Switzerland)
General Mills Inc. (U.S)
Drivers
Safe and Preservative free food
No risk of food poisoning
Restraints
An excess amount of added sodium
Artificially prepared.
Opportunity
Technology and Automation
Relaxation in Government Regulations.
A boom for Private Label frozen products
Challenges
Lack of innovations
Increasing Number of Unorganized Sector
By product, frozen ready meals segment hold the highest market share among all other frozen products in 2017 with frozen vegetables & fruits estimated to grow at highest CAGR in near future. On the other hand, Foodservice Industry segment by end users types for this market is expected to grow at the highest CAGR during the year 2018-2023.
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Birds Eye Foods, Inc. (U.S), Cargill Incorporated (U.S), Aryzta A.G. (Switzerland), Ajinomoto Co., Inc. (Japan), Bellisio Foods, Inc. (U.S), Kraft Foods Group Inc. (U.S) are some of the key players in the Global Frozen Food Market. Acquisitions and new product development are their key business strategy to gain market share.
Key Benefits for Stakeholders
Frozen food Manufacturers, Distributors, and Retailers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
End-use industries
Regulatory bodies, policy actors, and consumers.
Restaurants, food sector investors.
By Product Type
Frozen Ready Meals
Fast- Food
Bakery & Desert
Frozen meat & poultry
Frozen seafood
Frozen vegetables & fruits
Frozen potatoes
Frozen Soups
By End Users
Foodservice Industry
Hotels, restaurants, and caterers
Retail Customers
Research Methodology:
Huddle Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. HMI offers the most precise evaluations and projection for the market numbers. HMI engages following Market Engineering techniques?
Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
To avoid bias, we filter the collected data collected from authenticated sources.
HMI has a well proven Statistical Modeling System for estimates and forecasts.
Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.
Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.
Major Table Of Contents:
Introduction
Executive Summary
Market Analysis
Frozen Food Market Analysis By Regulatory
Frozen Food Market Analysis By Service Type
Frozen Food Market Analysis By Equipment Type
Frozen Food Market Analysis By Service Contract
Frozen Food Market Analysis By Service Provider
Frozen Food Market Analysis By End-User
Frozen Food Market Analysis By Geography
Competitive Landscape Of The Frozen Food Companies
Company Profiles Of The Frozen Food Industry