Frozen Food Market | Size | Share | Trends | Forecast to 2023 - PowerPoint PPT Presentation

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Frozen Food Market | Size | Share | Trends | 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 about USD 282.5 billion by 2023, at a CAGR of 5.1%. Developments in the retail landscape, rising demand for convenience food, and technological advancements in the cold chain market are the major driving factors for the market. On the other hand, the rising preference for fresh and natural food products is a restraining factor for this market. – PowerPoint PPT presentation

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

MarketsandMarkets Presents
Frozen Food Market - Forecast to 2023
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//
  • The years considered for the study are as
  • 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
  • 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
  • Request for sample Pages https//www.marketsandma

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
  • The Middle East Africa market is projected to
    grow at the highest CAGR during the forecast
  • 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)

  • 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
  • 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
  • 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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