The Stir To Be Different A Major Factor Of Growth Of The Frozen Foods Market

The global frozen foods market is presently valued at nearly US$ 161 Bn, and is expected to rise at a steady CAGR of 4% to attain an estimated worth of nearly US$ 240 Bn by 2031. Busy life schedule is influencing consumers to shift their dietary preferences towards ready-to-eat food products. Hence, frozen foods have become an important part of modern diet. Freezing or refrigeration allows consumers to have access to foods which were either unavailable or available only during particular season. Also, freezing helps the consumers to preserve their food products for future use. Availability of wide range of frozen foods products in different food categories is the factor driving the global frozen foods market. Other driving factors are changing customer purchasing pattern and increasing urban population.

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Additionally, increasing number of working women is driving the global frozen foods market. Majority of working women in the western countries don’t cook food at home.

Europe has the largest market share for frozen foods, followed by North America and Asia Pacific. In Asia Pacific, economic developments paired with increasing urbanization and disposable income are some factors driving the frozen foods market in the Asia-Pacific region. Owing to these factors, Asia Pacific is expected to witness highest growth in the forecasted period.

The global frozen foods market is currently being spearheaded by ConAgra Foods Inc., Maple Leaf Foods Inc., General Mills, BRF SA (Brazil), Tyson Foods Inc.

BRF SA (Brazil) and Mother Dairy Fruit & Vegetable Pvt. Ltd. (India) are some of the companies operating at regional level and dominating the market.

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Frozen Foods Market Segmentation:

By Product

Frozen Ready Meals
Frozen Fish/Seafood
Frozen Meat Products
Frozen Pizzas
Frozen Potato Products
Frozen Bakery Products
Others
By Region

North America
The U.S.
Canada
Europe
France
Germany
Italy
The U.K.
Spain
Asia Pacific
China
India
Japan
Rest of the World (ROW)
Brazil
The frozen foods market for each country includes:

Market Overview
Market size by product volume (Mn kg) and value (USD Mn) (Historic and Forecast)
Market share by company
Market share by distribution channel

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This release was published on openPR.