Frozen Food Market Analysis by Major Companies - Aryzta A.G., General Mills Inc., Kraft Foods Group Inc., Ajinomoto Co. Inc., Cargill Incorporated, Europastry S.A., JBS S.A, Kellogg Company, Nestle S.A

Frozen ready meals account for the largest share of the overall market sales value and would continue to be the leading contributor over the forecast period (2015 - 2020). The segment is forecast to witness a CAGR of 3.8% during 2015 - 2020. Protein bars, healthy snacks and other such frozen food products would continue to gain popularity among consumers. Frozen bakery and snacks market would witness a rapid growth in Asia Pacific region. Frozen potatoes and frozen vegetables & fruits together constitute around 14% of the overall frozen food market revenue. Increasing sales of organic fries and snacks has created a huge demand of organic and sweet frozen potatoes in the developed markets.

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End users of frozen food comprise of retail as well as business/food service industry customers. Rapidly increasing popularity of fast foods including fries, pizza and burgers, specifically in the developing markets, has largely supplemented the growth of frozen potatoes, vegetables & fruits, seafood and other such frozen food products in food service industry. However, retail user segment would witness a higher CAGR of 4.2%, owing to the changing food habits and innovative product offerings by frozen food players.

Global Frozen Food Market would garner revenue of $306 billion by 2020, registering a CAGR of 4.1% during the forecast period of 2015 - 2020, according to a new report by published by Allied Market Research. Ready meal market encompassing ready to eat foods would account for the highest sales value of $112.7 billion by 2020. North America and Europe together account for nearly 72% of the total market revenue. However, developing markets would witness a significantly higher growth over the forecast period.

The growth in developed markets such as North America and Europe would largely be supplemented by food service industry. However, retail market would be driven by healthy frozen food products manufactured from high quality ingredients. Asia Pacific and LAMEA, together, would account for around 35% of the global frozen food sales by the year 2020. Retail market in these regions would grow on account of increasing adoption of cooked and semi-cooked foods, bakery and desserts.

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The market is segmented based on the product type, user, and geography. The products covered in the report include frozen ready meals, meat & poultry, seafood, vegetables & fruits, potatoes, and soup. Based on the user type, the market is segmented into retail users and food service industry (hotel chains, restaurants, and caterers). To gain a comprehensive understanding, the market is analyzed by the key geographical regions, namely, North America, Europe, Asia-Pacific, and LAMEA. North America and Europe are the large developed markets of frozen food, whereas developing markets including Asia-Pacific and LAMEA are catching up fast.

Major companies that operate in this market have adopted acquisition and new product development as their key business strategies to gain a competitive edge over the other players. Aryzta is one of the largest suppliers of the frozen bakery in North America and Europe. Nestle is a leading player in frozen pizza segment in North America and Europe. Mac. Cain foods launched local food variants in India, developed specifically as per the traditional food habits of customers. Leading players profiled in the report include Aryzta A.G., General Mills Inc., Kraft Foods Group Inc., Ajinomoto Co. Inc., Cargill Incorporated, Europastry S.A., JBS S.A, Kellogg Company, Nestle S.A., and Flower Foods.

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Frozen Food Market Segmentation:

By Product Type

• Frozen Ready Meals
• Frozen Meat & Poultry
• Frozen Sea Food
• Frozen Potatoes
• Frozen Vegetables & Fruits
• Frozen Soups

By User

• Food Service Industry
• Retail Customers

By Geography

• North America
• Europe
• Asia-Pacific
• LAMEA

Key Players:

• Aryzta AG
• General Mills Inc.
• Kraft Foods Group Inc.
• Ajinomoto Co. Inc.
• Cargill Incorporated
• Europastry S.A.
• JBS S.A.
• Kellogg Company
• Nestle S.A.
• Flower Foods

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