Market Development : Frozen Food Market Globally Grow at a CAGR of 6.15% by Revenue During the Period 2017-2021
Frozen foods are packaged food items that are prepared by freezing the foods to preserved them from the time of their preparation to consumption. The freezing process is usually of two types: mechanical (with a freezing temperature of -30 F) or flash freezing/cryogenic (with a freezing temperature of -160 F; this process is usually used for large quantities). With the increasing hectic schedules of consumers and the subsequent demand for quick meals, the popularity of convenience food products is increasing. Improving living standards, growth of urban settlements, and growing working women population is also adding to this new trend in the global frozen food market.
Technavios analysts forecast the global frozen food market to grow at a CAGR of 6.15% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global frozen food market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of frozen foods sold to individual customers as well as to foodservice customers through various retail outlets, which include, but are not limited to, hypermarkets, supermarkets, convenience stores, independent retailers, discount stores, warehouse clubs, and online channel.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's report, Global Frozen Food Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Amys Kitchen
Conagra Brands
McCain Foods
Tyson Foods
Other prominent vendors
Ajinomoto Windsor
General Mills
Greencore
Kraft Heinz
Hormel Foods
Iceland Foods
Nomad Foods Europe
Nestl
FINDUS
The Hain Celestial
The Schwan Food Company
2 Sisters Food
Market driver
Rising urbanization leading to demand for convenient food products.
For a full, detailed list, view our report
Market challenge
Increase in consumer preference for fresh food.
For a full, detailed list, view our report
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Market trend
Rise in demand for gluten-free products.
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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