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

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MarketsandMarkets Presents
Frozen Food Market - Forecast to 2023
https//www.marketsandmarkets.com/Market-Reports/g
lobal-frozen-and-convenience-food-market-advanced-
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 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
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• The years considered for the study are as
  follows
• Historical year 2016
• Base year 2017
• Estimated year 2018
• Projected year 2023
• Forecast period 20182023
• 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.marketsandma
  rkets.com/requestsampleNew.asp?id130

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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.marketsa
ndmarkets.com/Enquiry_Before_BuyingNew.asp?id130
 
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• 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), Lantmannen Unibake
  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)

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• 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 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.
• 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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