Global Frozen Food Market predicted to garner a CAGR above 5% in future

1. Europe registered the majority of the Global Frozen Food Market in 2019 Global Frozen Food Market predicted to garner a CAGR above 5% in future Rising demand for ready to eat foods encourages the Global Frozen Food Market Market overview: The global frozen food market was estimated at US$ 129.8 billion in 2019, and with an average annual growth rate of 5.1%, it is expected to reach $ 225.4 billion by 2025. Frozen foods are foods stored below freezing temperatures to keep the moisture content solidified. This allows foods to stay for a more extended period than fresh foods. The most commonly used frozen foods include ready-to-eat frozen foods, fruits and vegetables, meat and chicken, seafood, soups and similar products. Recent developments: In November 2018, Nestlé launched Wildspace, a variety of healthy frozen foods in reusable and recyclable containers. There are six different types of wild landscape foods: cauliflower in red pepper pasta with Brussels sprouts, quinoa, chickpeas, pickled onion, rice cauliflower, cashews. In May 2018, Nestlé launched Garden Gourmet, a meatless brand in the United Kingdom. Garden Gourmet offers healthy meatless products and is supposed to strengthen the frozen prepared food segment of the United Kingdom. Market Drivers and Restraints: The increase in the number of the working population and the busy work schedule, the hectic lifestyle and the rise in demand for Ready-to-Eat foods are the main drivers of growth in the global frozen food market. Frozen foods are suitable for more extended storage periods without collapse, and demand is growing worldwide. In addition, several types of food are readily available in the sales channels, which is expected to increase demand for these foods even more. Population growth is foreseen to promote the overall demand for chilled products, especially with rising disposable income of people in emerging regions like the Asia-Pacific. The market is fragmented due to the presence of several international and local businesses. The governments in various countries have imposed strict rules and regulations on the supply of raw materials. Also, the lack of adequate refrigeration facilities in retail stores and the lack of inadequate distribution facilities in semi-urban and rural areas is a significant challenge for the industry in the developing nations. To know more read: https://www.marketdataforecast.com/market-reports/frozen-food-market Report Segmented as: The convenience and prepared food segments represented the majority of the frozen food market in 2018. Frozen ready-to-eat foods are those that are fully cooked and ready to eat. According to consumption, the foodservice sector represented the majority of the frozen food market in 2018.

2. According to distribution channels, the online sector is foreseen to grow faster during the forecast period. Geographical Segmentation: North America and Europe are the leading frozen food markets and developing markets such as the Asia Pacific and LAMEA are multiplying. Europe represented the majority of the global frozen food market in 2019 due to the increase in disposable food imports, changes in consumer lifestyle and increased health awareness. The European market is dominant due to the demand for the expanded shelf life of food. Key market players: The main actors include General Mills Inc., Aryzta A.G., Kraft Foods Group Inc., Cargill Incorporated, Ajinomoto Co. Inc., Nestlé S.A., Europastry S.A., Kellogg Company, JBS S.A, Flower Foods. View sample and decide: https://www.marketdataforecast.com/market-reports/frozen-food-market/request-sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well- informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla

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