DUBLIN, Aug. 25, 2020 /PRNewswire/ -- The "Frozen Food Market by Product Type and User: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The frozen food market size was valued at $291.8 billion in 2019, and is estimated to reach $404.8 billion by 2027, registering a CAGR of 4.2% from 2020 to 2027. The report presents a comprehensive analysis of current and future trends of the global frozen food market along with forecasts to help businesses and stakeholders develop a better understanding of the market.
Frozen food is referred to the food products that can be stored in low temperature over a long period. The popular frozen food products include frozen ready-to-eat meals, fruits & vegetables, meat & poultry, and soups. Global frozen food market comprises retail as well as business customers. Retail consumers of frozen food are individuals and households, whereas business consumers include hotel chains, fast food outlets, caterers, and other business buyers. Retail customers prefer cooked and semi-cooked ready-to-eat food, meat, and soups. On the contrary, business customers majorly use frozen meat, seafood, frozen pizza crust, bread, frozen dough, potatoes, and vegetables as key ingredients for preparing food for end customers. Regionally, Europe is the largest market for frozen food, closely followed by North America.
Large portion of the population from various demographic segments have been following a healthy diet plan, due to a rise in awareness toward various benefits associated with the adoption of healthy lifestyle. In addition, consumers have been seeking for food products that are rich in nutrition and promote health benefits. Frozen food products possess a characteristic feature of preserving its nutritional content for a longer period. As a result, with rise in trend on food fortification, the frozen bakery products industry sights opportunity in gaining traction among health-conscious customers and simultaneously generating sales.
The market is segmented into product type, user, and region. The products covered in the report include frozen ready meals, meat & poultry, seafood, vegetables & fruits, potatoes and soup. Ready meals segment is the largest revenue generator in the current scenario, followed by frozen meat and poultry products. Frozen potatoes segment is expected to grow at the fastest CAGR of 4.8% during 2019-2027, followed by the frozen seafood products segment, which is expected to witness a CAGR of 4.4% during the same period.
Frozen ready meals such as bread, cakes, pastries, and donuts are derived from sources such as corn, wheat, barley, oats, and rye. The consumption of these sources being used as the raw materials for bakery product varies across the world. These are rich in nutrition & taste, exhibit comparatively longer shelf life, and are convenient to use, which significantly drive the demand for these products, thereby augmenting the market growth. Frozen bakery products are usually sold in various stores, cafes, and restaurant.
On the basis of user, the market is segmented into retail users and food service industry (hotel chains, restaurants, caterers, and others). To gain a comprehensive understanding, the market is analyzed across key regions, including North America, Europe, Asia-Pacific, and LAMEA. North America and Europe are large developed markets for frozen food, whereas developing markets include Asia-Pacific and LAMEA.
- The study provides an in-depth analysis of the global frozen food market, with current and future trends to elucidate the imminent investment pockets in the market.
- Current and future trends are outlined in the report to determine the overall market attractiveness and single out profitable trends to gain a stronger foothold in the market.
- The report provides information regarding drivers, restraints, and opportunities with impact analysis.
- A quantitative analysis of the current market and estimation for the same from 2020 to 2027 is provided to showcase the financial competency of the market.
- Porter's five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as, threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market.
- Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
- Competitive intelligence highlights the business practices followed by the leading market players across various regions.
- The frozen food market size was valued at $291.8 billion in 2019, and is estimated to reach $404..8 billion by 2027, registering a CAGR of 4.2% from 2020 to 2027.
- By product type, the frozen ready meals segment is estimated to witness the fastest growth, registering a CAGR of 3.4% during the forecast period.
- In 2019, by user, the food service industry segment held the highest share in the global frozen food market.
- In 2019, Germany was the most prominent market in the Europe region, and is expected to grow at a significant CAGR throughout the forecast period.
Key Topics Covered:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Value Chain Analysis
3.3. Porter'S Five Forces Analysis
3.3.1. Undifferentiated Products Reduce the Bargaining Power of Suppliers
3.3.2. Low Switching Cost Increases the Bargaining Power of Buyers
3.3.3. Availability of Substitutes for Snack and Fast Food Increases the Threat of Substitutes
3.3.4. Low Exit Barriers Lead to More Number of Small Players and Increased Industry Rivalry
3.3.5. Moderate-To-High Intensity of Competitive Rivalry
3.4. Market Dynamics
18.104.22.168. Increase in Purchasing Power
22.214.171.124. Changes in Lifestyle and Food Habits
126.96.36.199. Surge in Female Working Population
188.8.131.52. Research and Operational Excellence
184.108.40.206. Increase in Health and Fitness Concern
220.127.116.11. Government Regulations for Storage
18.104.22.168. Availability of Fresh Food Substitutes
22.214.171.124. Lack of Storage and Transport Facility
126.96.36.199. Rapid Development of the Food Service Industry
188.8.131.52. Improved Storage Facility in Small Retail Stores
184.108.40.206. Rapid Growth of the Retail Sector
220.127.116.11. Transition in Consumer Demand
Chapter 4: Frozen Food Market, by Product Type
4.1.1. Market Size and Forecast
4.2. Ready Meals
4.2.1. Key Market Trends, Growth Factors, and Opportunities
18.104.22.168. Fast Food
22.214.171.124. Bakery & Dessert
4.2.2. Market Size and Forecast
4.3. Frozen Seafood
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast
4.4. Frozen Meat & Poultry
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast
4.5. Frozen Fruit & Vegetables
4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast
4.6. Frozen Potatoes
4.6.1. Key Market Trends, Growth Factors, and Opportunities
4.6.2. Market Size and Forecast
4.7. Frozen Soups
4.7.1. Key Market Trends, Growth Factors, and Opportunities
4.7.2. Market Size and Forecast
Chapter 5: Frozen Food Market, by User
5.1.1. Market Size and Forecast
5.2. Food Service Industry
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast
5.3. Retail Users
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast
Chapter 6: Frozen Food Market, by Region
6.1.1. Market Size and Forecast, by Region
6.2. North America
Chapter 7: Competition Landscape
7.1. Top Winning Strategies
7.2. Product Mapping
7.3. Top Player Positioning
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key Developments
7.6.1. Product Launch
7.6.2. Joint Venture
7.6.4. Business Expansion
- Aryzta A.G.
- Ajinomoto Co. Inc.
- Cargill Incorporated
- General Mills Inc.
- JBS S.A.
- Kellogg Company
- The Kraft Heinz Company
- Nestle S.A.
- ConAgra Brands Inc.
- Associated British Foods Plc
For more information about this report visit https://www.researchandmarkets.com/r/onx4rt
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets