Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Previously, the frozen food industry in India was restricted to only basic frozen vegetables and French fries. But today, there is an extensive range of products from fruits & vegetables to frozen meats and from frozen snacking to full meal options. Consumers in developed countries identify these frozen products as useful home meal solutions and appreciate the ease and quickness of preparation. This is considered to be the main USP of any frozen product available in the market. However, in India, consumption of frozen food is still close to negligible. The market is largely dominated by selected national brands and some regional players. McCain Foods, Venky's, Mother Dairy, Al Kabeer, Innovative Foods, Godrej Tyson Foods etc. are some of the major players operating in the industry.
The development of the frozen food market would principally be driven by the growing demand and consumption of frozen foods in the emerging markets across the Asian countries such as India and China. Growth in disposable incomes along with change in routine and food habits are major influences that boost the market growth in these regions. Furthermore, a speedy increase in number of large retail chains including hypermarkets and supermarkets has strengthened the demand of frozen food in the developing Asian countries. Nevertheless, lack of appropriate refrigeration facility in retail stores and insufficient distribution facility in semi-urban and rural areas are the main challenges for the industry in developing markets. The industrialized markets are likely to continue their growth at a moderate pace, majorly driven by the increasing consumer preference for healthy frozen foods.
The global Frozen Food market is segmented based on type, application, consumption and region.
By type, the market is categorised into Ready-To-Eat, Ready-To-Cook, Reay-To-Drink and others. The demand for frozen food is driven primarily by the ever-changing shopping preferences and taste in response to changing way of living. The adoption of frantic lifestyle of working professional has pushed the significant demand for frozen food products. The increasing inclination of ready-to-eat foods among this population in various parts of the world, most notably in urban spaces, is advancing the global frozen food market.
Prominent producers of frozen food are increasingly advancing from the supply of raw materials for meeting their needs in compliance with the food superiority and safety standards put in place. This is conveying a substantial momentum to the market growth. In various emerging economies, rapid improvements in per capita incomes of people, coupled with continuous changes in food habits, is strengthening the demand for frozen food. The growing share of women employees, specifically in developing and developed nations, is a prominent factor accentuating the growth of the market.
Based on application, the Frozen Food market has been sectioned into Fruits & Vegetables, Meat & Fish, Frozen-Cooked Ready Meals, Dessert, Snacks and others. European demand for frozen fruit and vegetables is growing. The main driver is a rising demand for healthy convenience foods. Germany, France, Belgium and the United Kingdom are the major importers in terms of value. Italy is also a significant importer, especially from non-European countries.
By consumption, the Frozen Food market has been classified into food service and retail.
Geographically, this market is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America commands the market as far as market share.
Europe recorded remarkable growth and became the largest frozen foods market in 2018. North America is slated to be next in the line as a profitable region for the development of frozen foods market. Asia-Pacific, on the other hand, will undergo the highest CAGR through 2025. With substantial rise in its expansion, the Asia-Pacific frozen foods market is more likely to dominate the global market during this period, and swap with Europe as the largest frozen foods market.
The major players involved in this market are Nestle, Uniliver Plc, Mc Cain foods, Iceland Foods Ltd., Amy's Kitchen, Inc., Conagra Foods, Inc., Kraft Food, Inc., Ajinomoto Co., Inc., Pinnacle Foods Inc. and General Mills, Inc. among others.
TheThe global Frozen Food market is segmented by type, application, consumption and region. Based on type, this market is classified into Ready-To-Eat, Ready-To-Cook, Reay-To-Drink and others.
This market finds application in Fruits & Vegetables, Meat & Fish, Frozen-Cooked Ready Meals, Dessert, Snacks and others.
By consumption, the Frozen Food market has been classified into food service and retail.
Geographically, this market is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America commands the market as far as market share. Europe recorded remarkable growth and became the largest frozen foods market in 2018. North America is slated to be next in the line as a profitable region for the development of frozen foods market
Why to buy this report:
