(Food-Beverage-News.Com, March 07, 2018 ) Global Frozen Foods market has been expected at USD 230.00 Billion in 2017 and is projected to attain USD 309.98 Billion by using 2022, at a CAGR of 6.15% all through the forecast duration from 2017 to 2022. Frozen meals are the deep frozen food merchandise that may be saved and used over a long term length. It includes meals like meat, greens, beans, soups, food, pizza, and others which can be to be preserved and stored at subzero temperatures. Busy life-style coupled with moving preferences among purchasers toward equipped to cook dinner meals has paved a way for Frozen Foods throughout the globe.
The factors that are riding the market for Frozen Foods throughout the globe are growth in disposable earnings coupled with trade in life-style and meals habits, and swiftly increasing massive retail chains like hypermarkets and supermarkets. But, the market is feared to say no because of troubles like inadequate distribution facility in semi-urban and rural areas, and reliance on 1/3-birthday party distributors to attain retail clients.
Global marketplace for Frozen Foods is segmented based totally on product kind and quit- consumer. By product kind, the market is in addition sub-segmented into frozen geared up-to-consume meals, frozen meat & poultry, frozen sea meals, frozen greens & end result, frozen potatoes and frozen soup. Frozen geared up-to-eat meals segment leads the marketplace, accounting for 35% of the overall marketplace, due to increased reputation because of hygiene and timely training. Frozen potatoes segment is anticipated to be the quickest growing segment in the forecast duration, with these merchandise having excessive dietary value and delicious nature.
Market Segmentation:
1 By Product kind
1.1 Frozen equipped-to-eat food
1.2 Frozen meat & poultry
1.3 Frozen sea meals
1.Four Frozen greens & fruits
1.5 Frozen potatoes
1.6 Frozen soup
Geographically, Global marketplace for Frozen Foods is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. Europe bills for biggest share in Frozen meals marketplace, followed with the aid of North America. Consumer choice closer to hygiene associated frozen merchandise, together with regulations of European Food Safety Authority on utilization of artificial flavors and components accounted for Europe’s biggest percentage within the global marketplace. Asia-Pacific is expected to witness maximum boom thanks to elements like financial tendencies paired with increasing urbanization.
Kraft Foods Group Inc., Kellogg Company, Nestle S.A., Ajinomoto Co. Inc., Cargill Incorporated, Ralcorp Frozen Bakery Products Inc., Amy’s Kitchen Inc., Unilever percent, The Schwan Food Company, ConAgra Foods Inc., Maple Leaf Foods Inc., General Mills Inc, Heinz, are the foremost gamers of Global Frozen Foods market.
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