Press release
Frozen Processed Food Market Expecting Huge Demand in Upcoming Years 2024 - 2031 | Unilever , Nestle , Conagra Brands
Frozen Processed Food Market
Global frozen processed food market is estimated to be valued at USD 75.07 Bn in 2024 and is expected to reach USD 91.08 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 2.8% from 2024 to 2031.
Market Dynamics:
The frozen processed food market is expected to witness significant growth due to rising demand for convenience foods and changing consumption patterns. The increasing number of working women and dual-income households have boosted the demand for convenient packaged and frozen foods that save time in cooking and preparation. Additionally, growing health consciousness among consumers has increased the demand for healthier frozen meal options with lower calories and added nutrients. Key players are focusing on developing food offerings suitable for health-conscious consumers such as plant-based, organic, gluten-free, and low-calorie frozen meals and snacks.
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Rising Demand for Convenient Food Options is Fueling Growth in the Frozen Processed Food Market
The fast-paced lifestyle that mos M t people lead today leaves little time for home cooking. Convenient ready-to-eat foods have thus become increasingly popular. Frozen processed foods offer a perfect solution as they can be easily prepared with minimum effort. Their long shelf-life also means that they do not go waste easily. Factors such as dual income households, increasing number of working women and nuclear families have all contributed to the rising demand for convenient frozen meals, snacks and other processed food items.
Growing Away-from-Home Consumption Trend Presents Lucrative Opportunities
There is robust growth seen in the fast-growing foodservice channels and away-from-home food segment. More people are opting to dine outside or order in instead of cooking at home. Frozen food manufacturers can tap into this opportunity by partnering with leading foodservice brands and restaurants. This will help boost the sales volumes of frozen appetizers, side dishes, meals and other snacking options. Companies are also introducing restaurant-style frozen meals with larger portion sizes to cash in on this away-from-home consumption trend.
Vegan and Plant-Based Variants are Gaining Major Traction in the Market
Rising health awareness combined with growing concerns regarding animal welfare and environment sustainability have boosted the popularity of vegan and plant-based diets. To capitalize on this shift, frozen food brands are bringing a wide variety of meatless, dairy-free and 100% plant-based frozen product lines. From vegan pizza and burritos to cauliflower nuggets and chickpea patties- the options for vegan frozen meals and snacks are rapidly increasing. Major players are also investing in brands that specialize in customized vegan frozen foods. This plant-based revolution is a key trend that will continue to shape the future of the industry.
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Top Companies Featured in This Report:
★ Unilever
★ Nestle
★ Conagra Brands Inc.
★ GRUPO BIMBO
★ General Mills Inc.
★ Kellogg Co.
★ McCain Foods Limited
★ The Kraft Heinz Company
★ Associated British Foods plc
★ Ajinomoto Co. Inc.
★ Vandemoortele
★ Lantmannen Unibake
★ Cargill
★ Incorporated
★ Europastry
★ JBS Foods
★ Kidfresh
★ Aryzta.com
★ Shishi He Deming Seafood Co Ltd
★ OOB Organic
★ Omar International Pvt Ltd
Market Segmentation:
By Product Type:
★ By Type: Frozen Processed Bakery Products, Frozen Processed Desserts , Frozen Processed Meat Substitutes , Frozen Processed Poultry , Others
★ By Distribution Channel: Supermarkets/ Hypermarkets , Specialty stores , Convenience stores , Online , Others
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Insights from the Global Frozen Processed Food Market Analysis:
Market Size Evaluation: Assessing the value and sales volume of the Frozen Processed Food market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Frozen Processed Food market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Frozen Processed Food market.
Segment Analysis: Examining the market value and sales volume of Frozen Processed Food by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Frozen Processed Food market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Frozen Processed Food sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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