Food & Beverage Market Research News

Why is Frozen Food industry 2018 witnessing high demand in future?

frozen fish

Frozen Food Industry By Top Key Players (Birds Eye Foods Inc., Aryzta A.G., Ajinomoto Co. Inc., Bellisio Foods Inc.) By Product Type (Frozen meat & poultry, Frozen seafood, Frozen vegetables & fruits, Frozen potatoes) - Global Opportunity and Current Growth Analysis

Global Frozen Food Industry was valued at USD 140.14 Billion in the year 2017. Global Frozen Food Industry is further estimated to grow at a CAGR of 4.91% from 2018 to 2025 to reach USD 204.2 Billion by the year 2025. Europe region holds the highest Industry share in 2017 followed by North America while Asia-Pacific is considered as the fastest growing Industry in the estimated period with convenience as a major driving factor. The U.S. is the major Industry in 2017 at country level and it is further anticipated to grow at a steady pace in the next 5 years.

The growth factors are rising consumption and demand of ready to eat food.

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The major players in Frozen Food Industry are Birds Eye Foods Inc., Aryzta A.G., Ajinomoto Co. Inc., Bellisio Foods Inc., Kraft Foods Group Inc., Cargill Incorporated, JBS S.A., Kellogg Company, Nestle S.A., General Mills Inc. and other 13 companies detailed information is provided in research report. Acquisitions and new product development are their key business strategy to gain Industry share.

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SWOT Analysis of Frozen Food Industry

Strength

            Safe and Preservative free food

            No risk of food poisoning

Weakness

            An excess amount of added sodium

            Artificially prepared.

Opportunity

            Technology and Automation

            Relaxation in Government Regulations.

            A boom for Private Label frozen products

Threats

           Lack of innovations

           Increasing Number of Unorganized Sector

By product, frozen ready meals segment hold the highest Industry share among all other frozen products in 2017 with frozen vegetables & fruits estimated to grow at highest CAGR in near future. On the other hand, Foodservice Industry segment by end users types for this Industry is expected to grow at the highest CAGR during the year 2018-2025.

By End Users           

Foodservice Industry 

            Hotels, restaurants, and caterers

Retail Customers        

By Product Type                    

Frozen Ready Meals    

            Fast- Food

            Bakery & Desert

Frozen meat & poultry            

Frozen seafood                     

Frozen vegetables & fruits                   

Frozen potatoes                     

Frozen Soups             

By Region

North America

  • • USA
  • • Canada

Europe

  • • Germany
  • • U.K.
  • • France
  • • Italy
  • • Rest of Europe

APAC

  • • China
  • • India
  • • Japan
  • • Rest of Asia-Pacific

RoW

  • • Latin America
  • • Middle East & Africa

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