Shape strategic responses through the phases of industry recovery.
Ajinomoto Co. Inc., Bonduelle SCA, and Conagra Brands, Inc. will emerge as major frozen food market participants during 2020-2024.
The frozen food market is expected to grow by USD 64.69 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the frozen food market in optimistic, probable, and pessimistic forecast scenarios.
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Technavio has announced its latest market research report titled Global Frozen Food Market 2020-2024 (Graphic: Business Wire)
The frozen food market will witness positive and superior impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
Enterprises will go through Response, Recovery and Renew phases. Download free report sample
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
Adjust their strategic planning to move ahead once business stability kicks in.
Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure. Click here
Key Considerations for Market Forecast:
Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
Pre- as well as post-COVID-19 market estimates
Quarterly impact analysis and updates on market estimates
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Major Three Frozen Food Market Participants:
Ajinomoto Co. Inc.
Ajinomoto Co. Inc. operates its business under various segments such as Japan food products, international food products, life support, and healthcare and other business. The company offers frozen foods through Japan Food Products and International Food Products segments.
Bonduelle SCA operates its business under three segments, which include canned, frozen, and fresh processed. The company offers frozen food products through its canned and frozen segments.
Conagra Brands, Inc.
Conagra Brands, Inc. has business operations under various segments, namely grocery & snacks, refrigerated & frozen, international, foodservice, and pinnacle foods. The company offers various frozen food products in the US and international markets through three of its segment which includes: Pinnacle, Refrigerated & Frozen, and International.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/ frozen food market-industry-analysis
Frozen Food Market 2020-2024: Segmentation
Frozen Food is segmented as below:
Frozen ready meals
Frozen meat and poultry
Frozen fish and seafood
Frozen fruits and vegetables
The frozen food market is driven by expansion of retail stores offering frozen food. In addition, other factors such as new product launches and growing consumer inclination toward vegan frozen food are expected to trigger frozen food market toward witnessing a CAGR of almost 5% during the forecast period.
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Market positioning of vendors
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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