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Frozen Food Market 2021: Explore Top Factors that Will Boost the Global Market by 2027 | Aryzta A.G., Ajinomoto Co. Inc., Cargill Incorporated, General Mills Inc

09-15-2021 01:47 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Frozen Food Industry

Frozen Food Industry

Frozen Food Market garnered $291.8 billion in 2019, and is estimated to reach $404.8 billion by 2027, registering a CAGR of 4.2% from 2020 to 2027.The report offers an extensive analysis of the current market dynamics, top winning strategies, business performance, major market player’s analysis, and competitive landscape.

Variations in lifestyle and food habits, rise in purchasing power of consumers in developing regions, and increase in numbers of female working population augment the growth of the global frozen food market. Nevertheless, strict government regulations for storage and surge in number of health conscious consumers impede the market growth. Conversely, improved storage facility in small retail storesand rapid development in the food service industry create new opportunities in the coming years.

Download Report Sample (267 Pages PDF with Insights, Charts, Tables, Figures) @ https://www.alliedmarketresearch.com/request-sample/710

COVID-19 Scenario-
• The demand for frozen food has been impacted in terms of revenue due to the operational restrictions imposed on hotels, cafés, and restaurants due to global lockdown.
• Whereas, the demand for frozen food products has been increased from household end users owing to its long durability amid covid-19.

The global frozen food market is segmented on the basis of product type, user, and region.
Based on product type, the ready meals segment accounted for more than one-third of the global frozen food market in 2019, and is expected to maintain its lead status in terms of revenue throughout the forecast period. This is due to rise in usage of frozen pizza crusts, bread, and frozen bakery products across the globe. However, the frozen potatoes segment is estimated to portray the highest CAGR of 5.3% from 2020 to 2027. Increase in consumption of fast food and rise in demand for French fries, chips, and other snacks among all age group drives the growth of the segment.

Based on user, the food service industry segment contributed to the highest market share with more than half of the global frozen food market in 2019, and is estimated to maintain its leadership position during the forecast period. This is attributed to increase in demand for frozen meat, seafood, vegetables, potatoes, fast foods, bakery, and other frozen food products. However, the retail users segment is estimated to generate the fastest CAGR of 4.4% from 2020 to 2027. This is attributed to the changes in lifestyle of consumers and growth in the middle-class population in developing economies.

Leading market players
• Aryzta A.G.
• Ajinomoto Co. Inc.
• Cargill Incorporated
• General Mills Inc.
• JBS S.A.
• Kellogg Company
• The Kraft Heinz Company
• Nestle S.A.
• ConAgra Brands, Inc.
• Associated British Foods Plc.

Based on region, Europe dominated the market with highest share based on revenue, holding for more than one-third of the global frozen food market in 2019. Nevertheless, the Asia-Pacific region is estimated to generate the fastest CAGR of 6.90% from 2020 to 2027. The report also analyzes regions including North America and LAMEA.

Get detailed COVID-19 impact analysis on the frozen Food Market @ https://www.alliedmarketresearch.com/request-for-customization/710?reqfor=covid

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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