Frozen food Market Overview, Development By Companies And Comparative Analysis By 2023

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Frozen food Market Report give overview of market in global region. This report elaborates Company Competition, Market demand, Regional Forecast, Marketing & 4250 and also New investment feasibility analysis is included in the keyword report. The global frozen food market accounted for USD 268.77 billion in 2016 and is expected to grow at a CAGR of 4.1% during the forecast period. Growing population of working women, growing millennial population, busy work schedules, and on-the-go consumption habits are some of the factors that are expected to fuel revenue growth of the global frozen ready-to-eat/cook/drink food products market. Availability is the Key Driving Factor Frozen food products can be made easily available anywhere for a longer duration. This easy availability of staple, seasonal, and regional food products has influenced the purchasing patterns of consumers. They are now placing frozen food on their list of daily consumables. Frozen products are often cheaper than their fresh or chilled form. Frozen food also help reduce food waste, as consumers use what they require. Growing consumption of frozen food in the developing markets across Asia-Pacific and South America is driving the market.

Improved standard of living and higher disposable incomes have led to an increase in demand for frozen food products in these regions. New and improved freezing technologies, innovative refrigerator, better supply chain solutions are responsible for the increased consumption. Ready-To-Eat Food Segment Accounts Major Share The major types of frozen ready-to-eat foods are meat/fish/poultry-based, cereal-based, vegan-based. Meat/fish/poultry-based frozen ready-to-eat foods hold the largest share in the market. Globally, the growth of organized retail has led to a widespread supply of frozen ready-to-eat food products through a wide distribution network. North America holds the largest consumer base of the frozen ready-to-eat food market, and it is estimated grow at a healthy rate owing to technological innovations, busy lifestyles of consumers and high disposable incomes. Frozen yoghurt drinks, frozen smoothies and frozen fruit juices are the most popular ready-to-drink products, globally. Europe dominates the market Europe dominates the global market followed by North America. Customer attitude towards frozen foods has transformed significantly in Europe, driven by an improvement in living standards and an increasing need for convenience.

The American consumers prefer greater convenience and on-the-go food, and the trend is inclined towards smaller and more frequent meals. Frozen ready-meals are expected to witness a rapid surge in demand during the forecast period. Frozen ready meals record a dramatic growth in regions, like France, where consumers are more particular about quality and taste.

Source: altertimes

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