Global Frozen Food Market is expected to grow at a CAGR of 6.1% during the forecast period from 2019-2025

As per the report published by Fior Markets, the global frozen food market is expected to grow from USD 199.6 Billion in 2017 to USD 320.4 Billion by 2025 at a CAGR of 6.1% during the forecast period from 2018-2025.The Europe region is dominating the market because of changing lifestyle and busy schedule of people have led to high consumption of processed and convenience food products. Therefore, leading to increase in demand for ready meals and seafood in the region

Global Frozen Food Market by Product Type (Frozen Ready Meals, Frozen Meat & Poultry, Frozen Sea Food, Frozen Potatoes, Frozen Vegetables & Fruits, Frozen Soups), User,Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.

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Leadersin the industry are Aryzta, General Mills, Kraft Foods, Ajinomoto, Cargill Incorporated, Europastry, JBS S.A.among otherswhichare offering greater opportunities and major players are continuously focused on new product developments and venture capital investments to obtain market share.For instance, in November 2018, Luvo Inc. launched the next generation of frozen foods with a focus on performance nutrition.

The product type segment is classified into frozen ready meals, frozen meat & poultry, frozen sea food, frozen potatoes, frozen vegetables & fruits and frozen soups. The frozen ready meals segment dominated the market and valued around USD 64.27 Billion in 2017. The changing lifestyles of people has augmented the consumption of frozen foods as they are easy to prepare and take less time for preparation. They are healthy and have high nutritional value. The user segment is segmented intobusiness customers and retail customers. Business customers segment dominated the market with the highest share of 63.20% in 2017. Business customers consists of hotel chains, fast-food outlets, caterers, and other business buyers.Various frozen food are frozen meat, sea food, frozen pizza crust, bread, frozen dough, potatoes, and vegetables which are the key constituents for preparing food for end customers.

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Rising number of working women and their changing lifestylenutrients and growing demand and consumption of frozen foods in the developing marketsare the two factors which are estimated to drive the frozen foodmarket during the forecast period. Also, the increasing number of selling points in the form of large retail chains including hypermarkets and supermarkets has augmented the demand of frozen food. But improper refrigeration facility in retail stores may obstruct the growth of the market. However, high consumer demand and entry of many new players and brands in the industry might bolster the demand mayboost the market in coming years.

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