Frozen Foods Market - The Best Alternative for Fresh Foods | General Mills Inc, Conagra Brands, Inc., Grupo Bimbo S.A.B. de C.V.

A recent report published by QMI on the frozen foods market is a detailed assessment of the most important market dynamics. After carrying out a thorough research of frozen foods market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for frozen foods during the forecast period. It can enable manufacturers of frozen foods to change their production and marketing strategies in order to envisage maximum growth.

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According to the report, the frozen foods market comprises retail as well as business customers. Retail customers of frozen food are individuals and households, whereas business customers include hotel chains, fast-food outlets, caterers, and other business buyers. Frozen foods are those food products that have been deep-frozen so that their shelf life increases and they can be consumed over a longer period of time. Frozen food products consist of more vitamins than fresh foods due to the process of freezing which preserves products for long periods without using any preservatives. It also prevents any microbial growth which will lead to food wastage.

Segmentation for better understanding of this market and its growth prospects:
The market for frozen foods is segmented by product, type, and channel of distribution. It is divided by product into meat & poultry, fish & seafood, prepared meals, fruit & vegetables, potato products, and soups. The ready meals are the Product type's largest segment. People's busy and exhausting lifestyles have led to increased consumption of these ready-made meals, as it takes less time to prepare.

Based on the type, it is bifurcated into raw and ready-to-cook. The ready-to-cook type is the most popular as there is an increase in the working population that prefers a quick and healthy meal.

Based on the distribution channel, it is segmented into online and offline. The offline distribution channel is the largest as the infrastructure of the various hypermarkets has temperature-controlled facilities.

Latest significant developments:
o In November 2018, Wildspace was launched by Nestle (Switzerland). It includes a range of healthy frozen meals in reusable containers.
o In October 2018, Pinnacle Foods Inc. (US) was acquired by Conagra (US) to widen the frozen meals and confectioneries categories.

Changing consumer preferences and increase in disposable income are two main factors having a significant impact on the growth of this market are

Insights about the regional distribution of the market:
This report segments the frozen foods market by region into North America, Asia Pacific, Western Europe, Eastern Europe, the Middle East, and the Rest of the World. North America, Asia Pacific, and Western Europe are estimated to be major regions for the frozen foods market during the forecast period. North America and Western Europe have been one of the key regions with technological advancements in the food & agricultural sector. The use of the latest technologies in the agricultural activities and established processed food market is estimated to drive demand for the frozen foods market in these regions. In addition to this, some of the major companies operating in this market are headquartered in these regions.

The Asia Pacific is estimated to be one of the fastest-growing markets for frozen foods during the forecast period. The food & agriculture sector is one of the major contributors to economies in the region. In addition to this, government initiatives to promote technological advancements in this region are also one of the key factors in the growth of the frozen foods market. The Middle East and the Rest of the World are estimated to be emerging regions for the frozen foods market during the forecast period.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. General Mills Inc
2. Conagra Brands, Inc.
3. Grupo Bimbo S.A.B. de C.V.
4. Nestle SA
5. Unilever
6. Kellogg Company
7. McCain Foods Limited
8. and Kraft Heinz Company

Market Segmentation:
By Product:
o Meat & Poultry
o Fish & Seafood
o Ready Meals
o Fruits & Vegetables
o Potato Products
o Soups
By Type:
o Raw
o Ready-To-Cook
By Distribution Channel:
o Online
o Offline
By Region:
o North America
o By Country (US, Canada, Mexico)
o By Product
o By Type
o By Distribution Channel
o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Product
o By Type
o By Distribution Channel
o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Product
o By Type
o By Distribution Channel
o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Product
o By Type
o By Distribution Channel
o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Product
o By Type
o By Distribution Channel
o Rest of the World
o By Region (South America, Africa)
o By Product
o By Type
o By Distribution Channel

Reasons to Buy This Report:
o Market size estimation of the global frozen foods market on a regional and global basis.
o The unique research design for market size estimation and forecast.
o Profiling of major companies operating in the market with key developments.
o Broad scope to cover all the possible segments helping every stakeholder in the market.

Contact:

Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 706 672 5858 / +91 706 672 5858 / +91 706 672 4848
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.