Frozen Food Market Set to Grow at 5.1% CAGR and to Reach US$ 282.5 Billion by 2023 - Fruits & Vegetables, Dairy, Meat & Seafood Dominated by Food Processing Industry and Processed Food Industry

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The report segments the frozen food market on the basis of product, type, consumption, distribution channel and region. In terms of insights, this report has focused on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss views on the emerging & high-growth segments of the global frozen food, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

The frozen food market is estimated at USD 219.9 billion in 2018 and projected to grow at a CAGR of 5.1%, to reach USD 282.5 billion by 2023. The retail food industry has witnessed significant growth over the past few years, globally. Development of retail channels in the form of supermarkets, hypermarkets, and convenience stores has driven the growth of the frozen food market. These large food chains form an important growing outlet for frozen food products, owing to the latest trend of on-the-go consumption.

#Table of Content
1 Introduction
2 Research Methodologies
3 Executive Summaries
4 Premium Insights
5 Market Overview
6 Frozen Food Market, By Product
7 Frozen Food Market, By Type
8 Frozen Food Market, By Consumption
9 Frozen Food Market, By Distribution Channel
10 Frozen Food Market, By Region
11 Competitive Landscapes
12 Company Profiles

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Food service segment is estimated to account for largest share in frozen food market in 2018. Food service industry includes restaurants, QSRs (quick service restaurants), pubs, hotels, and healthcare. Among these, QSRs dominate the food service industry in the frozen food market due to the high contribution of QSR chains such as McDonald’s, Starbucks, Subway, Burger King, Pizza Hut, KFC, and Dominoes, with their high number of outlets across the world.

The food service industry uses frozen food items on a regular basis to save time in cooking; this reduces the time taken by the food item to reach the customers’ table. Frozen food has both quality and taste; hence, it fulfills customer expectations. The global food service industry is growing at a fast pace due to the high demand for fast food and growth in food delivery channels.

Break-up of Primaries:
• By Company Type: Tier 1 – 42%, Tier 2 – 35%, and Tier 3 – 23%
• By Designation: C Level – 42%, DLevel – 36% and Others* - 22%
• By Region:Europe–35%, North America– 28%, Asia Pacific – 22%, Middle East & Africa -10%,and South America –5%

Download Complete Report Now at Frozen Food Market Report
https://www.reportsnreports.com/purchase.aspx?name=1933887 .

The report segments the frozen food market on the basis of product, type, consumption, distribution channel and region. In terms of insights, this report has focused on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss views on the emerging & high-growth segments of the global frozen food, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

Break-up profile of primaries:
• By Company Type - Tier 1-42%, Tier 2-37% and Tier 3-21%
• By Designation - C-level-34%, D-level-42% and Others-24%
• By Region - North America-32%, Europe-30%, Asia-24%, and RoW-14%

The key players in this market include General Mills Inc (US), Conagra Brands, Inc. (US), Grupo Bimbo S.A.B. de C.V. (Mexico), Nestle SA (Switzerland), Unilever (the Netherlands), Kellogg Company (US), McCain Foods Limited (Canada), Kraft Heinz Company (US), Associated British Foods plc (UK), Ajinomoto (Japan), Vandemoortele NV (Belgium), Lantmannen Unibake International (Denmark).

These players are focusing on improving their presence by undertaking acquisitions, expansions, and developing products specific to the requirements of consumers and their preferences. These companies have a strong presence in Europe and North America. They have also set up manufacturing facilities in various regions and have strong distribution networks.

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