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Market Overview and Growth Factors:The convenience of preparation and availability of high quality processed food is expected to bolster the growth of the global frozen foods market during the forecast period. Modern food freezing technology results in minimal changes in the quality of food items during processing and helps maintain the nutritional value of the food item.
The global frozen foods market has been segregated, by distribution channel, into food service and food retail. The food retail segment has been further divided into supermarkets and hypermarkets, convenience stores, and others. The food retail segment is expected to generate higher revenue, with the supermarkets and hypermarkets sub-segment being the largest due to the strong and widespread network of stores. The segment is also expected to register the higher CAGR during the assessment period owing to technological advancements in the e-commerce industry and growing consumer preference for online retailing.
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Market Scenario:
Based on product type, the global frozen foods market has been segmented into fruits and vegetables, meat, poultry, and seafood, bakery and confectionery, dairy and frozen desserts, and others. The meat, poultry, and seafood segment is expected to account for the largest share of the global frozen foods market during the forecast period. Consumers prefer frozen meat, poultry, and seafood due to their higher nutritional content as compared to other processed foods. Moreover, freezing makes these products available, especially in places where access to fresh produce is limited. The segment is also expected to register the highest growth rate during the review period owing to the growing demand for convenience foods in the market.
Key Players:
Some of the key players in the global Frozen Foods Market are General Mills Inc. (US), Conagra Brands, Inc. (US), Grupo Bimbo, SAB de CV (Mexico), Nestlé S.A. (Switzerland), Unilever PLC (UK), Kellogg Company (US), McCain Foods Limited (Canada), The Kraft Heinz Company (US), and Vandemoortele NV (Belgium).
Regional Analysis:
The global frozen foods market has been segmented, on the basis of region, into North America, Europe, Asia-Pacific, the rest of the world.
North America is expected to dominate the global frozen foods market owing to the large-scale production of frozen foods with the US and Canada being the largest producers and consumers of frozen foods in the region. Asia-Pacific is expected to be the fastest-growing frozen foods market during the review period due to the rising consumption of ready-to-eat and ready-to-cook frozen foods in the region.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Producers
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce
4.1.4 End Users
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitutes
4.2.5 Internal Rivalry
Continued………………………………………………..
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