Frozen Food Market By Product Type (Frozen ready meals, Fast- Food, Bakery & Desert, Frozen meat & poultry, Frozen Seafood), By End Users (Food Service Industry, Hotels, restaurants, and caterers, Retail Customers) 2018 - 2023

GLOBAL FROZEN FOOD MARKET was valued at USD 140.14 Billion in the year 2017. Global Frozen Food Market is further estimated to grow at a CAGR of 4.91% from 2018 to 2023. Europe region holds the highest market share in 2017 followed by North America while Asia-Pacific is considered as the fastest growing market in the estimated period with convenience as a major driving factor. The U.S. is the major market in 2017 at country level and it is further anticipated to grow at a steady pace in the next 5 years. The growth factors are rising consumption and demand of ready to eat food.

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Birds Eye Foods, Inc. (U.S), Cargill Incorporated (U.S), Aryzta A.G. (Switzerland), Ajinomoto Co., Inc. (Japan), Bellisio Foods, Inc. (U.S), Kraft Foods Group Inc. (U.S) are some of the key players in the Global Frozen Food Market. Acquisitions and new product development are their key business strategy to gain market share.

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Drivers

• Safe and Preservative free food
• No risk of food poisoning

Restraints

• An excess amount of added sodium
• Artificially prepared.

Opportunity

• Technology and Automation
• Relaxation in Government Regulations.
• A boom for Private Label frozen products

Challenges

• Lack of innovations
• Increasing Number of Unorganized Sector

By product, frozen ready meals segment hold the highest market share among all other frozen products in 2017 with frozen vegetables & fruits estimated to grow at highest CAGR in near future. On the other hand, Foodservice Industry segment by end users types for this market is expected to grow at the highest CAGR during the year 2018-2023.

Key Benefits for Stakeholders

• Frozen food Manufacturers, Distributors, and Retailers
• Research and Consulting organization
• Technology Standards Organizations, Forums, Alliances and Associations
• End-use industries
• Regulatory bodies, policy actors, and consumers.
• Restaurants, food sector investors.

By Product Type

Frozen Ready Meals

• Fast- Food
• Bakery & Desert

Frozen meat & poultry
Frozen seafood
Frozen vegetables & fruits
Frozen potatoes
Frozen Soups

By End Users

Foodservice Industry

• Hotels, restaurants, and caterers

Retail Customers

By Region

• North America
• Europe
• Asia-Pacific
• RoW

Key Market Players

• Birds Eye Foods, Inc. (U.S)
• Aryzta A.G. (Switzerland)
• Ajinomoto Co., Inc. (Japan)
• Bellisio Foods, Inc. (U.S)
• Kraft Foods Group Inc. (U.S)
• Cargill Incorporated (U.S)
• JBS S.A. (Brazil)
• Kellogg Company (U.S)
• Nestle S.A. (Switzerland)
• General Mills Inc. (U.S)

(A brief overview of another 13 companies is also provided)

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This release was published on openPR.