Frozen Processed Food Market | Size, Share, COVID – 19 Outbreak, Global Demand and Forecast to 2027
Global Frozen Processed Foods Market Size – Overview
The demand for healthy
convenience food is increasing. The frozen food products are convenient with
enhanced packaging and availability of various food types bakery based
breakfast foods, desserts and snacks. Frozen processed food products are
available in wide range of varieties which attracts the consumers to experiment
within the provided wide range of frozen bakery products. Increase in the
demand for frozen processed food products associated with its convenience and
high shelf-life has surged the growth of the global frozen processed food
market. Market Research Future, a firm which specializes in market reports
related to the Foods, Beverages & Nutrition sector among others, recently
forecasted in its report “Global Frozen Processed Food Market Research Report-
Forecast to 2027” that the market will demonstrate an exceptional CAGR % while
achieving million dollar growth readily in the forecast period.
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The food industry has
gone through many changes, mostly due to the development and implementation of
new technology to meet the growing consumer demands for convenience products.
Frozen processed foods are now frequently purchased food product in the retail
food stores. This has maintained its market share through the changing nature
of the processed foods industry and growing popularity. However, the demand for
frozen food products with no-preservatives, organic or natural ingredients is
increasing owing to consumer shift towards natural and healthy food products.
Innovations in food
sector have led to enhanced organoleptic properties of the frozen processed
food products. High focus on R & D has resulted in enhancing the shelf-life
of the frozen food products as well as enhanced the retention period of the
flavor and quality of the frozen food products for a longer period of time.
Innovations in flavors are attracting more number of consumers for
experimenting with the unique and new available flavors in the market.
However, stringent
policies for food safety have been posed by various food safety organizations
as there could be product recall or a case of illness caused by a frozen food
product could cause a sharp drop in business. The measures are taken to reduce
the risks to large scale. Additionally, the need for varying temperatures and
proper storage preserves the frozen processed food products for a lower
duration of time. After a period of time, the product gets attacked by the
psychrophilic microorganisms which grow at even lower temperature and cause
spoilage.
Latest Industry Updates
Jun 2017 ITC Ltd., the
diversified cigarettes-to-shampoo company also having a presence in
foods—staples, spices, ghee, and ready-to-eat meals—has entered the frozen
foods market with frozen prawns as part of its plans to take over Indian
kitchens.
Sep 2016 NHF
Manufacturing (Malaysia) Sdn Bhd, the joint venture (JV) company of Lay Hong
Bhd and NH Foods Ltd, has launched its first batch of frozen processed chicken
products.
Sep 2017 The famous milk
co-operative, Amul has launched frozen potato products in India. The frozen
foods are available in the form of French fries, potato wedges, hash browns and
burger patty.
Feb 2017 Virginia-based
Smitheld has added six products to its frozen meat products portfolio with the
launch of fully cooked sausages and microwaveable sandwiches. The company is
looking forward to expand its product portfolio.
Global Frozen
Processed Foods Market Size - Competitive Analysis
Industrial players are
involved in the acquisition of small players which will further support the
company to expand and reach out to consumers across the regions, the end-user
industries are inclined towards product promotions through social media,
magazines and other mediums in order to reach out to customers. The promotional
strategy aids in retaining the existing the customers and also to regenerate
new customer base. Key players are more focusing on acquisition to expand their
business across the globe. Acquisition has become the major strategy for key
players from last few years which is contributing major share in the market
growth. Expansion and new product launch are two main factors which are helping
company to increase their production capacity in order to fulfill increasing
demand for various froze processed food products.
The key players
profiled in frozen processed food are McCain Foods Ltd. (Canada), Nestle S.A.
(Switzerland), Dr. Oetker GmbH (Germany), Daiya Foods Inc. (Canada), Atkins
Nutritionals, Inc. (U.S.), Arista AG (U.S.), Grupo Bimbo SAB de CV (Mexico),
Rich Products (U.S.), Lantmannen Unibake, USA, Inc (Denmark), and General
Mills, Inc. (U.S.) among many others.
Global Frozen
Processed Foods Market Size – Segments
The global frozen processed food
market size has been
divided into type, packaging material, distribution channel, and region.
On the Basis of Type: Frozen Bakery
Products, Frozen Meat & Poultry Products, Frozen Ready Meals, and Others
On the Basis of
Packaging Material: Plastics, Metals, Glass, and Others
On the Basis of
Distribution Channel: Store Based, Non-store Based, and Others
On the Basis of Region: North America,
Europe, Asia Pacific, and ROW
Global Frozen
Processed Foods Market Size - Regional Analysis
The global frozen
processed food market is segmented into North America, Europe, Asia Pacific,
and rest of the world (RoW). North America is dominating in the frozen
processed food market followed by Europe. The U.S. has major consumption of
frozen processed food, owing to busy lifestyle and changing eating habits in
working population, people prefer for time saving and convenient food solution.
Moreover, increase in
the working population and busy life style has shifted the consumers for
convenient and ready-to-eat solution for food in countries like India and
China, a healthy growth is expected in the frozen processed food market in Asia
Pacific region. Additionally, high focus on organic ingredients and
preservative free frozen food products with high shelf-life is likely to uplift
the market for frozen food products at the global level.
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NOTE: Our Team of
Researchers are Studying Covid19 and its Impact on Various Industry Verticals
and wherever required we will be considering Covid19 Footprints for Better
Analysis of Market and Industries. Cordially get in Touch for More Details.
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