Global Frozen Food Market Driven by Increasing Demand from Emerging Economies, to Hit US$293.7 bn by 2019
Transparency Market Research (TMR) has announced the release of a new market study on the global frozen food market. The study covers the performance of the frozen food market in the historical review period till 2012 and further presents forecasts regarding the trajectory the market is expected to take in the forecast horizon from 2013 to 2019. The report is titled ‘Frozen Food Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019’ and is available for sale on TMR’s official website.According to the report, the global frozen food market was valued at US$224.7 bn in 2012 and is expected to rise to a valuation of US$293.7 bn by 2019 at a CAGR of 3.90% therein.
Frozen food is a valued commodity in today’s times. With lifestyles getting more hectic by the day and the time required to cook traditional meals in short supply, frozen foods have become a lifesaver for a large part of the global population. The increasing working population of women and the increasingly long working hours in the corporate sector are the major factors driving the global frozen food market. Freezing food reduces the chances of microbes invading it, since most pathogens can’t survive at sub-zero temperatures. As a result, frozen food can be stored for long periods and consumed at the convenience of the user upon short notice.
On the basis of product type, the global frozen food market is segmented into frozen ready meals, frozen fruits and vegetables, frozen potatoes, frozen soup, frozen meat, and frozen fish and other seafood. Of these product categories, the frozen ready meals segment took up the largest share in the global frozen food market in 2012. This category includes frozen pizza, frozen snacks, frozen entrees, etc.
The frozen potatoes and frozen fruits and vegetables segments are expected to exhibit promising growth rates in the forecast period. The increasing sophistication of freezing techniques will allow vendors to keep frozen produce fresh for a longer time, which will significantly drive the demand from the global frozen food market.
Download Free exclusive Sample of this report:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=152
Geographically, Europe held the largest share in the global frozen food market in 2012, with Germany emerging as the dominant national market. However, the frozen food market is expected to be dominated by emerging regions such as Asia Pacific, the Middle East, and Latin America in the coming years.
The rampant urbanization in these regions, particularly in dynamic economies such as China, India, Brazil, and Mexico, has led to a growth in the demand for food that can be prepared with minimal prep. The growing middle class and the increasing trend of families consisting of two working spouses have also spurred the Asia Pacific market for frozen food.
The report provides information regarding the performance of each of the segments of the global frozen food market described above. Apart from this, the report also profiles major players in the frozen food market to present a competition analysis.
Key players profiled in the report include Kraft Foods Group, Inc., Unilever plc, Ralcorp Frozen Bakery Products Inc., The Schwan Food Company, Nestle, Heinz, General Mills Inc., Birds Eye Foods Inc., ConAgra Foods Inc., and Amy’s Kitchen Inc.
The global frozen food market is segmented as follows:
Frozen Food Market: Product Analysis
Frozen Fruits & Vegetables
Frozen Ready Meals
Frozen Food Market: Regional Analysis