According to IMARC Group’s latest report, titled “Frozen Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global frozen food market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.2% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Frozen food products refer to food products frozen at extremely low temperatures for later consumption. These products are frozen by applying the individually quick frozen (IQF) process, which helps to preserve the flavor and retain vitamins, minerals, protein, carbohydrate and fat contents of the food items. Frozen foods are convenient, affordable and help in reducing food wastage. They include a wide range of vegetables, ready-to-eat meals, meat-based products, fruits, edible roots and seafood.
Market Trends and Drivers:
A significant rise in the demand for convenient, on-the-go and ready-to-make food products is primarily driving the frozen food market growth. The hectic lifestyles of millennials and the increasing working population worldwide have given rise to the overall consumption of ready-to-eat (RTE) food items, which is supporting the market growth further. Other than this, restaurants and cafes have started using frozen food items to reduce the overall preparation time and offer different dishes with exotic ingredients, which is contributing to the market growth. Moreover, the easy product availability through proliferating online retail channels is creating a positive outlook for the market.
Frozen Food Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the frozen food market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Ajinomoto Co. Inc.
- General Mills Inc.
- Nestle S.A.
- Conagra Brands Inc.
- Wawona Frozen Foods
- Jeanie Marshal Foods Ltd
- Kellogg Company
- Bellisio Foods Inc. (Charoen Pokphand Foods)
- Associated British Foods plc
- McCain Foods Limited
Key Market Segmentation:
The report has segmented the global frozen food market on the basis of product type, frozen vegetable snacks, frozen meat products, frozen vegetables, frozen fruits and region.
Breakup by Product Type:
- Frozen Vegetable Snacks
- Frozen Meat Products
- Frozen Vegetables and Fruits
Frozen Vegetable Snacks Breakup by Type:
- French Fries
- Bites, Wedges and Smileys
- Aloo Tikki
Frozen Meat Products Breakup by Type:
Frozen Vegetables Breakup by Type:
- Green Peas
- Mixed Vegetables
Frozen Fruits Breakup by Type:
- Berries (Raspberries, Blueberries and Blackberries)
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/frozen-food-market
Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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