Frozen Food Market | Size | Share | Trends | Forecast to 2023

1. MarketsandMarkets™ Presents Frozen Food Market - Forecast to 2023 https://www.marketsandmarkets.com/Market-Reports/global-frozen-and-convenience-food-market-advanced-technologies-and-global-market-130.html

2. The report "Frozen Food Market by Product (Fruits & Vegetables, Dairy, Meat & Seafood), Type (Raw Material, Half Cooked), Consumption, Distribution Channel, and Region (North America, Europe, Asia Pacific, South America, and MEA) - Global Forecast to 2023" The frozen food market is estimated to account for about USD 219.9 billion in 2018 and is projected to reach a value of nearly USD 282.5 billion by 2023, growing at a CAGR of 5.1% from 2018. The retail food industry has witnessed significant growth over the past few years, globally. The development of retail channels in the form of supermarkets, hypermarkets, and convenience stores has driven the growth of the frozen food market. These large food chains form an important growing outlet for frozen food products, owing to the latest trend of on-the-go consumption. The rising per capita income and increasing number of working women, globally, have further accelerated the market growth. Browse 69 market data Tables and 47 Figures spread through 157 Pages and in-depth TOC on "Frozen Food Market - Global Forecast to 2023” Europe is estimated to account for the largest market share in the frozen food market in 2018. The region is projected to offer huge growth potential to the frozen food market. The market in Germany is estimated to be the major contributor to the growth in the region. The European market is driven by the robust growth of the food industry, which has supported the ready-to-eat snack food industry to gain acceleration in this market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=130

3. The years considered for the study are as follows: • Historical year: 2016 • Base year: 2017 • Estimated year: 2018 • Projected year: 2023 • Forecast period: 2018–2023 • Report Objectives: • To define, segment, and project the global market size for frozen food • To understand the structure of the frozen food market by identifying its various subsegments • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges) • To analyze the micromarkets, with respect to individual growth trends, future prospects, and their contributions to the total market • To project the size of the market and its submarkets, in terms of value, with respect to  regions (along with their respective key countries) • To profile key players and comprehensively analyze their core competencies • To understand the competitive landscape and identify major growth strategies adopted by players across key regions • To analyze the competitive developments such as expansions & investments, new product launches, mergers & acquisitions, joint ventures, and agreements • Request for sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=130

4. The convenient & ready meals segment is estimated to dominate the global frozen food market in 2018 By product, the convenient & ready meals segment is estimated to dominate the global frozen food market in 2018. This is due to the changing and busy lifestyles of people, globally, which has increased the consumption of frozen foods, globally. Frozen foods are easy to prepare and take less time for preparation. They are healthy and have high nutritional value. Frozen food export business has also increased in recent times due to the high acceptance of these products among consumers and brand awareness among developing countries. The offline segment is estimated to account for the largest share in the frozen food market in 2018 By distribution channel, the offline segment is estimated to account for the largest share in the frozen food market in 2018. The infrastructure of the convenience stores and hypermarkets includes freezing and temperature-controlled facilities, which are driving the growth of this segment as a distribution channel for frozen products. The ready-to-cook segment is projected to grow at the highest CAGR during the forecast period in the frozen food market By type, the ready-to-cook segment is estimated to grow at the highest CAGR. Factors such as changing lifestyles and increasing population of working women are driving the growth of ready-to-eat frozen food, globally.   Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=130

5. The Middle East & Africa market is projected to grow at the highest CAGR during the forecast period • The Middle East & Africa is expected to witness the fastest growth during the forecast period. Population growth, rapid urbanization, and the rise in consumer awareness about the benefits of frozen food are the key factors driving the demand for frozen food in the region. • Key Market Players: • The key players in this market include General Mills Inc (US), Conagra Brands, Inc. (US), Grupo Bimbo S.A.B. de C.V. (Mexico), Nestle SA (Switzerland), Unilever (the Netherlands), Kellogg Company (US), McCain Foods Limited (Canada), Kraft Heinz Company (US), Associated British Foods plc (UK), Ajinomoto (Japan), Vandemoortele NV (Belgium), LantmannenUnibake International (Denmark). These players are focusing on improving their presence by undertaking acquisitions, expansions, and developing products specific to the requirements of consumers and their preferences. These companies have a strong presence in Europe and North America. They have also set up manufacturing facilities in various regions and have strong distribution networks.   • Available Customizations: • Based on the given market data, MarketsandMarkets offers customizations in the reports as per the client-specific requirements. The available customization options are as follows: • Product Analysis • Product matrix, which gives a detailed comparison of the product portfolio of each company • Regional Analysis • Further breakdown of the North American, European, Asia Pacific, South American, and the Middle East & African frozen food market • Company Information • Detailed analysis and profiling of additional market players (up to five)

6. Recent Developments: • In June 2018, LantmännenUnibake opened up a new production plant in NowaSól, Poland to increase its production capabilities. • In October 2018, Conagra acquired Pinnacle Foods Inc. (US); the acquisition helped Pinnacle foods to widen its frozen meals & snacks and sweet treats categories. • In September 2018, Grupo Bimbo added four frozen bakery lines to its Argentina plant. This step was taken to increase the export business of the company in neighboring countries such as Chile. • In November 2018, Nestle launched Wildspace, a range of healthy frozen meals in reusable and recyclable containers. Wildscape meals include six different varieties, such as the gochujang cauliflower with Brussel sprouts, quinoa, chickpeas, pickled onions, riced cauliflower, and cashews. • In May 2018, Nestlé launched meat-free brand—Garden Gourmet—in the UK. Garden Gourmet offers healthy meat-free products and is expected to strengthen the frozen ready meals segment in the UK. • Key questions addressed by the report: • What are the new trending products that the frozen food companies are exploring? • Which are the key players in the market and how intense is the competition? • What are the upcoming growth trends that the frozen food manufacturers are focusing on in the future? • What are the high growth opportunities in the frozen food market, for each segment? • What are the key growth strategies adopted by major market players in the frozen food market?

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