Frozen Food Market, Business Will Grow in 2020, Prominent Players: Aryzta A.G., General Mills Inc., Kraft Foods Group Inc., Ajinomoto Co. Inc., Cargill Incorporated, Europastry S.A.

AMR team is working exclusively on COVID-19 impact on various Frozen Food Market. The COVID-19 update is in progress and our research team is doing primary research activity to find out the revised growth curve of across all the industries at country level. Conducting an exclusive study keeping COVID-19 in mind would help client to interpret the economic impact in near-terms of and long term future. AMR research team is also tracking the changing dynamics of Frozen Food industry along with its immediate impact on the market.

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.

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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.

This report also outlines the competitive environment of the frozen food market, providing a comprehensive study of the key strategies adopted by market leaders. The prominent companies profiled in the report include

Top Key Players
o Aryzta
o General Mills
o Kraft Foods
o Ajinomoto
o Cargill Incorporated
o Europastry
o JBS S.A
o Kelloggs
o Nestle
o Flower Foods

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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Key Findings of Frozen Food Market:

o Europe is the largest market of frozen bakery and desserts and would continue to account for the largest share of global sales value
o Demand of healthy frozen food products such as organic fries, organic soups, protein bars, high fibre breakfast cereals, snacks, processed fruits and vegetables would witness a steep increase in developed markets including North America
o The segment of Retail customers would grow at a comparatively higher CAGR of 4.2% during the forecast period, vis-vis the food service industry

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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.