Global Frozen Food Market || keyplayers Nestle SA, Tyson Foods, Nomad Foods Ltd., Conagra, Groupo Bimbo, Kellogs, J.B.S SA, Aryzta AG

The frozen food 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. Retail customers mostly prefer cooked and semi-cooked, ready-to-eat food, meat and soup amongst the class of available products in the market. While business customers majorly used frozen meat, seafood, frozen pizza crust, bread, frozen dough, potatoes, and vegetables as the key ingredients for preparing food for end customers.

Drivers and Restraints:

The growth of the global frozen food market is primarily driven by the growing demand and consumption of frozen foods in the developed and developing markets. An increase in disposable incomes coupled with the change in lifestyle and food habits are the major factors that boosts the targeted market globally. Moreover, a rapid increase in the number of large retail chains including hypermarkets and supermarkets has bolstered the demand for frozen food worldwide, which in turn is expected to propel the growth of the target market over the forecast period. However, the lack of refrigeration facilities in retail stores and inadequate distribution facilities in semi-urban and rural areas are the major challenges for the target market growth in developing countries. The developed markets are expected to continue their growth at a moderate pace, which is majorly driven by the mounting consumer preference for healthy frozen foods. Nevertheless, snacking is one of the most prominent trends which is being observed among consumers. The local consumers like “on the go” snacking and quality aspects of the frozen foods are making the category popular among the consumers.

Segmentation:

The global frozen food market is segmented based on the product, product category, freezing technique, distribution channel, and region.

Based on the product, the global frozen food market is segmented into the frozen fruit and vegetables, frozen meat and fish, frozen-cooked ready meals, frozen desserts, frozen snacks, and others. Based on the product category, the target market is segmented into ready-to-eat, ready-to-cook, ready-to-drink and others. Based on the freezing technique, the global frozen food market is segmented into individual quick freezing, blast freezing, belt freezing, and other freezing techniques. Based on the distribution channel, the target market is segmented into supermarkets and hypermarkets, convenience stores, online channels, and others.

Based on the region the global frozen food market is segmented North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Europe is expected to account for significant revenue share for the global frozen food market due to an improvement in living standards and an increasing need for convenience. The Middle East and Africa are also experiencing higher growth due to increasing disposable incomes and strong distribution channels for the availability of the frozen food product that has boosted the demand for the global market.

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Key Players:

The key players in the global frozen food market involve General Mills, Unilever, Nestle SA, Tyson Foods, Nomad Foods Ltd., Conagra, Groupo Bimbo, Kellogs, J.B.S SA, Aryzta AG. These players focus on leverage opportunities posed by the emerging market to expand their product portfolio so that they can cater to the requirements for various product segments, especially frozen desserts.

Detailed Segmentation:

Global Frozen Food Market, By Product:

Frozen Fruits and Vegetables
Frozen Meat and Fish
Frozen-Cooked Ready Meals
Frozen Desserts
Frozen Snacks
Others
Global Frozen Food Market, By Product Category:

Ready-To-Eat
ready-To-Cook
ready-To-Drink
Other
Global Frozen Food Market, By Freezing Technique:

Individual Quick Freezing
Blast Freezing
Belt Freezing
Other
Global Frozen Food Market, By Distribution Channel:

Supermarkets and Hypermarkets
Convenient Stores
Online Channels
Others

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This release was published on openPR.