Frozen Food Market 2019 Global Industry Analysis, Segmentation, Trends, Growth, Size, Share, Product Value, Supply-Demand, Ingredients and Business Opportunities by 2024
Jul 15, 2019
Detailed analysis of the Global Frozen Food Market helps to understand the various types of Frozen Food products that are currently in use, along with the variants that would gain prominence in the future.
Manhattan, United States - July 15, 2019 /MarketersMedia/ —
Market Overview
The frozen food market was valued at USD 294.19 billion in 2018 and is expected to register a CAGR of 4.3%, during the forecast period (2019-2024). In 2017, Europe was the largest geographical segment of the market studied and accounted for a share of around 33.8% of the market.
Brief About Frozen Food Market Report@ http://www.arcognizance.com/report/global-frozen-food-market-growth-trend-and-forecast-2019-2024
The market is primarily driven by rising disposable income, the introduction of longer shelf life products, increasing impulse purchasing, and huge demand for frozen food products, due to the lack of time. The market evolved from selling raw foods, such as frozen meat, fish, vegetables, and fruits to prepared foods and frozen vegetable mixes (with meat, rice, and pasta), frozen desserts, and bakery products. Ice creams and cakes emerged as the leading product category in this market. The factors affecting the market’s growth include flavors, including sweetness, fat content, and texture.
Scope of the Report
Frozen food, in general, is the food that has been subjected to rapid freezing and is kept frozen until used. The frozen food market report (henceforth, referred to as the market studied) offers key insights into the latest developments. It analyzes the recent opportunities, drivers, and challenges affecting the market space for frozen food.
Key Market Trends
Demand for Nutritious Frozen Desserts among Consumers
Many consumers are increasingly looking for a convenient frozen dessert-based snack, which delivers health benefits, tastes good, and offers a healthy snacking experience. The dairy industry in this sector is able to offer products with minimal processing, and low sugar content (particularly beneficial for diabetic patients) for easy eating experiences that go beyond the traditional three-square meal experience (good and filling meal). Milk-based frozen desserts provide food rich in nutrients, like vitamin D, calcium, potassium, magnesium, and vitamin A. Milk-based snacks also add more calories, protein, and a number of vitamins and minerals. They can, therefore, provide positive nutrition and help reduce nutrition deficiency. The nutrients in dairy-based frozen products include calcium, vitamin D, phosphorus, potassium, and vitamin A. Further, calcium, phosphorus, and protein contained in ice creams, yogurts, etc. drive up the demand for these products among consumers.
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Europe to Dominate the Market
Europe is the largest market for frozen food products, globally. Customers attitude toward frozen food has transformed significantly in Europe since the 1990s, driven by an improvement in living standards and an increasing need for convenience. Consumption level for frozen foods remains high across Europe, although the growth was rather limited in certain parts of the region during 2013-2016. This can be attributed to the intense competition the sector faces from chilled prepared foods, which are increasingly being perceived as foods that offer superior taste and quality, compared to their frozen equivalents. Recent evidence suggests that most manufacturers have been successful, as the frozen food market is back on the growth trajectory in countries, such as the United Kingdom, France, and Germany.
Competitive Landscape
The frozen food market is a highly fragmented market and comprises of regional and international competitors. The market is dominated by players, like Unilever, Nestle SA, General Mills, Nomad Foods Ltd, Tyson Foods Inc., and Conagra Brands Inc. The leading players in the frozen food market enjoy a dominant presence worldwide. These players focus to leverage opportunities posed by emerging markets to expand their product portfolio so that they can cater to the requirements for various product segments, especially frozen desserts. Companies compete on different factors, including product offerings, ingredients, quality, taste, flavors, price, functionality, size, packaging, and marketing activities, in order to gain the competitive advantage in the market.
For Enquiry for Frozen Food Market Report at: http://www.arcognizance.com/enquiry-before-buying/381525
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Some Points From TOC:
Chapter One: INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
Chapter Two: RESEARCH METHODOLOGY
Chapter Three: EXECUTIVE SUMMARY
Chapter Four: MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
Chapter Five: MARKET SEGMENTATION
5.1 Product Type
5.1.1 Frozen Fruits and Vegetables
5.1.2 Frozen Meat and Seafood
5.1.3 Frozen Ready-to-eat Meals
5.1.4 Frozen Bakery Products
5.1.5 Frozen Dessert
5.1.6 Frozen Snacks
Chapter Six: COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Mergers and Acquisitions
6.3 Company Profiles
6.3.1 General Mills Inc.
…continued
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Source: MarketersMedia
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