Frozen Food Market Size, Share & Growth | COVID-19 Impact Analysis of Frozen Food Market

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MarketsandMarkets Presents
Frozen Food Market - Forecast to
2025 https//www.marketsandmarkets.com/Market-Repo
rts/global-frozen-and-convenience-food-market-adva
nced-technologies-and-global-market-130.html

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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 2025", The frozen food market is
estimated to account for about USD 244.3 billion
in 2020 and is projected to reach a value of
nearly USD 312.3 billion by 2025, growing at a
CAGR of 5.0 from 2020. 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
2025 Europe is estimated to dominate the frozen
food market in 2020. Europe is estimated to
account for the largest market share in the
frozen food market in 2020. 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
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sp?id130
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• Report Objectives
• To define, segment, and project the global market
  size for frozen food
• To understand the structure of the 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 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
• Secondary Research
• In the secondary research process, various
  secondary sources such as Hoovers, Bloomberg
  BusinessWeek, and Dun Bradstreet were referred
  to, to identify and collect information for this
  study. These secondary sources included annual
  reports, press releases investor presentations
  of companies, white papers, certified
  publications, articles by recognized authors,
  gold standard silver standard websites, food
  safety organizations, regulatory bodies, trade
  directories, and databases.
• Request for sample Pages https//www.marketsandma
  rkets.com/requestsampleNew.asp?id130

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Opportunities Digitalization of the retail
industry One of the latest trends driving the
market is online grocery shopping and the
introduction of new apps, making it convenient
for consumers to pick their preferred products.
Consumers are inclined toward online shopping due
to features of convenience and variety. According
to Eurostat, in 2018, almost 25 of the
population bought food and groceries from online
retail channels. With the growing penetration of
the Internet and smartphone usage, retail grocery
shopping is emerging as one of the platforms for
companies to showcase and sell their food
products. Challenges Lack of cold chain
infrastructure in developing economies Cold
chain logistics have proved to be a vital
requirement to increase the market share of
frozen food in any country. However, developing
countries are still lacking in cold chain
infrastructure and are unable to supply safe
frozen food products to their citizens. Frozen
food has a long shelf-life however, due to lack
of infrastructure, the product is wasted easily
leading to a loss for frozen food manufacturers.
Lack of investment due to the monetary crisis in
developing economies has been one reason slowing
down the cold chain logistics business. This, in
turn, has hampered the frozen food market. Poor
infrastructure in cold chain logistics has also
directly impacted the import export business of
frozen food products in developing countries such
as Bangladesh, South Africa, and Myanmar.
However, these developing countries offer a huge
opportunity for investment in the  market due to
the rising acceptance among consumers in urban
areas. Make an Inquiry https//www.marketsandmar
kets.com/Enquiry_Before_BuyingNew.asp?id130
 
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• This report includes a study of marketing and
  development strategies, along with the product
  portfolios of the leading companies in the frozen
  food market. It includes the profiles of the
  leading companies such as General Mills Inc (US),
  Conagra Brands, Inc. (US), Grupo Bimbo S.A.B. de
  C.V. (Mexico), Nestle SA (Switzerland), Unilever
  (Netherlands), Kellogg Company (US), McCain Foods
  Limited (Canada), Kraft Heinz Company (US),
  Associated British Foods plc (UK), Ajinomoto
  (Japan), Vandemoortele NV (Belgium), Lantmannen
  Unibake International (Denmark).
• Recent Developments
• In June 2018, Lantmännen Unibake opened up a new
  production plant in Nowa Sól, 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 a meat-free
  brandGarden Gourmetin the UK. Garden Gourmet
  offers healthy meat-free products and is expected
  to strengthen the frozen ready meals segment in
  the UK.
• Speak to Analyst https//www.marketsandmarkets.co
  m/speaktoanalystNew.asp?id130

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