Frozen Food Market- Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020-2026 - PowerPoint PPT Presentation

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Frozen Food Market- Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020-2026


Global Frozen Food Market was valued at US$ 232.42 billion in 2019 and is anticipated to reach US$ 320.06 billion by 2026 displaying an elevated CAGR of 4.6% over the forecast period (2020-2026). – PowerPoint PPT presentation

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Title: Frozen Food Market- Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020-2026

Frozen Foods Market
  • Industry Analysis, Size, Share, Growth, Trends,
    and Forecast (2020-2026)

  • Global Frozen Food market is anticipated to reach
    the market valuation of US 320.06 billion by
    2026 expanding at a reasonable CAGR of 4.6 in
    the course of forecasted period (2020-2026) from
    US 232.42 billion in 2019. Consumers globally
    have recognized frozen food as one of the
    healthier options in the ambit packaged products
    available. Today frozen foods have become more
    accessible owing to the increase in number of
    large format retail stores. Major factors driving
    the industry constitute to be the customer
    craving, rising awareness and acceptance,
    increase in selling points, deeper penetration by
    organized players and surging availability of
    freezer space at the retail domain. Advances in
    freezing technologies, innovative refrigerator
    displays in supermarkets, better and faster
    supply chain solutions have been owing to the
    increasing consumption and therefore growing
    demand of frozen foods. Increase of the global
    population, scarcity of food in some regions,
    strong demand from emerging economies and
    specific demographic changes in the modern world
    have been the prime reasons for the growth of
    frozen foods market. The increasing number of
    women at workplace together with growing number
    of one-person households has also determined the
    upward trend of the demand for frozen foods.
    Frozen foods have become a regular part of daily
    diet worldwide accredited to changing lifestyles
    and increasing lifestyles.

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  • Online grocery shopping trend and new
    applications in the retail sector have also
    created several opportunities for overall
    processed food market thereby accelerating the
    frozen foods market. Globalization and increasing
    international trade have been the major factors
    responsible for the development of the frozen
    food industry. With economic development and
    increasing purchasing power parity (PPP),
    consumers now can afford premium products with
    improved nutritional value and shelf life.
    International trade of frozen foods products has
    gained prominence, complemented by improved
    transportation facilities. Increased consumption
    of frozen food products in the emerging markets
    of Asia Pacific and South America has also
    contributed to an increase in the sale of frozen
    bakery products while the demand in developing
    regions is driven by an increase in disposable
    income. Cold chain infrastructure has played an
    important role in driving the frozen food market,
    as it helps to transport products at both the
    domestic and international level. The rise in the
    export and import of frozen food is possible due
    to the strong global cold chain services
    available in developed economies.

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  • Based on the product category, the global frozen
    food market is fragmented into ready to eat,
    ready to cook and ready to drink frozen foods.
    The popularity of ready to eat meals has
    witnessed a rapid rise accredited to immense
    convenience and ease offered coupled with
    increasing working women population, increasing
    disposable income and changing lifestyles. The
    segment is anticipated to generate revenue of US
    138.52 billion by 2026. Based on product type,
    the global frozen food market is bifurcated into
    Frozen Meat, Frozen Fish/Seafood, Frozen Ready
    Meals, Frozen Bakery, Frozen Pizza, Frozen Potato
    and others. Frozen Ready Meals segment generated
    revenue of US 54.05 billion in 2019. The Frozen
    Bakery Products segment is anticipated to
    register the highest CAGR growth of 5.1 during
    the forecast period 2020-2026. Based on
    distribution channel, the market is bifurcated
    into supermarket/hypermarkets, Independent
    Retailers, Convenience Store and other channels
    such as specialist retailers and online modes.
    The supermarket/hypermarkets segment is expected
    to generate revenue of US 226.26 billion by 2026
    through the sales of frozen food products.

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  • Additionally, for better investigation and
    penetration of frozen foods the report provides,
    detailed country-level analysis was conducted for
    major region/country including Americas (US,
    Canada, Rest of North America), Europe (Germany,
    UK, France, Italy, Spain, Rest of Europe),
    Asia-Pacific (China, Japan, India, South Korea)
    and Rest of the world. Europe was the largest
    market for the frozen food industry in 2019,
    accounting for 38.5 share. Asia-Pacific is
    expected to generate revenue of US 81.74 billion
    by 2026. Some of the major companies profiled in
    Global Frozen Food Market are Nestle SA,
    Ajinomoto, Goya Foods, ConAgra Foods, General
    Mills, Heinz Company, Tyson Foods, Unilever PLC,
    Maple Leaf Foods, Nomad Foods, Mc Can Foods Ltd,
    Dr. Oetker. The players consistently aim to focus
    on various product launches, innovations, energy
    efficient products as well as mergers and
    acquisitions to enhance the consumption of
    frozen foods globally thereby strengthening their
    market position which further offers them growth
    opportunities as well as expansion of product
    innovation and expansion around the world.

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UnivDatos Market Insights (UMI)
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  • UMI understands that you may have your own
    business need, hence we also provide fully
    customized solutions to clients. The Global
    Frozen Food Market can be customized to the
    country level or any other market segment.
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