Press release
Frozen Processed Food market Growth Forecast At 5.0% Cagr During 2021 To 2028 Covid Impact And Global Analysis
The processed food is frozen to control the microbial growth and to retain the quality of processed products over long period. The frozen processed food products are stored under recommended temperatures to maintain their quality. They are perceived as natural and healthy food product, which is fueling the growth of the market. Furthermore, increasing preference of customers towards ready to cook products, owing to hygiene and convenience is boosting the growth of frozen processed food market. However, the availability of chilled food products is restraining the growth of the market.Frozen processed food are segmented on the basis of product type in frozen processed bakery products, frozen processed desserts, frozen processed meat substitutes, frozen processed fish/sea food, frozen processed poultry, frozen processed meat, frozen processed pizza, frozen processed noodles, frozen processed potatoes, and frozen processed vegetables.
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Detailed Segmentation:
Global Frozen processed food Market, By Product Type:
Frozen Processed Bakery Products
Frozen Processed Desserts
Frozen Processed Meat Substitutes
Frozen Processed Fish/Sea Food
Frozen Processed Poultry
Frozen Processed Meat
Frozen Processed Pizza
Frozen Processed Noodles
Frozen Processed Vegetables
Frozen Processed Potatoes
North America is the dominant region in the global frozen processed food market and was valued at US$ 16.95 Bn in 2016. This is attributed to increasing consumer interest in healthy and functional food. The ability to preserve the processed food enables the manufacturer to offer products to the consumers to the other side of the world, leading to burgeoning the growth of frozen processed food market. In February 2017, Smithfield Foods, Inc., a meat processing company, extended their frozen meat product portfolio, which included frozen chicken breakfast items and pork’s.
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Europe is expected to be the second largest market for frozen processed food in terms of revenue over the forecast period. The market is driven by increasing demand for the convenience food product in countries such as U.K., Germany and France, owing to the surging number of working women and changing food purchasing pattern, led to increased production of frozen processed food items. According to CBI Ministry of Foreign Affairs, the production of frozen processed fruits and vegetables was valued at US$ 6.86 billion in 2016. Furthermore, owing to the negative consumer sentiment related to red meat, the frozen processed food is gaining popularity among the consumers offering longer shelf life of this product.
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