Frozen Food Market | Mills Inc., Kellogg Company, Lantmannen Unibake International, Conagra Brands

Frozen foods are stored under recommended temperatures to maintain their quality. Frozen foods offer benefits such as increasing product shelf life, prevention of loss of nutrients and vitamins during storage and transportation, and availability of seasonal food products throughout the year among others.

Rising consumption of processed foods and ready-to–cook products, owing to focus of consumers on hygiene and convenience is boosting growth of the frozen food market. For instance, the frozen processed food market was valued at US$ 60.12 billion in 2016 and is expected to expand at a CAGR of 4.0%, in terms of revenue, according to a study published by Coherent Market Insights.

Companies operating in the frozen food market are launching new innovative products, which in turn is driving the global frozen food market growth. For instance, in May 2019, Lightlife Foods announced that Lightlife Burger and Lightlife Ground, which are plant-based meat products, will be available in the meat aisle at thousands of stores across North America in frozen form. The company ensured that these frozen products are free from artificial flavors, soy, and gluten and thus, take into consideration better well-being of the people.

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Market Taxonomy:-

On the basis of product type, the global frozen food market is segmented into:

Frozen Fruits
Frozen Vegetables
Dairy Products
Bakery Product
Frozen Meat
Frozen Seafood
Convenience Foods & Ready Meals
Others

On the basis of category, the global frozen food market is segmented into:

Raw Material
Half-Cooked
Ready-to-eat

On the basis of end user, the global frozen food market is segmented into:

Food Service
Retail

On the basis of distribution channel, the global frozen food market is segmented into:

Online
Offline

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North America accounted for significant market share in the global frozen food market. This is attributed to increasing consumption of frozen processed foods owing to its advantages such as convenience, ease in cooking, and others. According Coherent Market Insights analysis, North America accounted for a major market share of 28% in 2017 in the global frozen processed food market.

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About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

This release was published on openPR.