According to the
which the demand for frozen food was valued at USD 224.74 billion in
2012 is expected to reach USD 293.75 billion by 2019, growing at a
CAGR of 3.9% from 2013 to 2019.
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report with TOC athttp://www.transparencymarketresearch.com/global-frozen-foods-market.html
The global market
for frozen food witnessed growth due to the growing demand for
faster-to-prepare foods and new product launches in the market. In
addition, strong demand from emerging economies is another factor
contributing to the market growth. The government intervention and
regulations are major restraints for the market growth. However,
frozen food made with natural and organic ingredients provides huge
market opportunity for the manufactures.
The global market
for frozen food by products was dominated by frozen ready meals due
to its wide range of products which includes frozen pizza, desserts,
snacks, entrees and others and accounted for more than 30% of the
total market revenue in 2012 and expected to grow at a CAGR of 3.9%
from 2013 to 2019. The frozen fruits and vegetables segment is
experiencing a surge in demand due to advancements in freezing
technologies which allows the manufacturers to preserve the
nutritional value of the vegetables and fruits for a longer time
period. The market is expected to grow at a CAGR of 4.3% from 2013 to
2019. The frozen potatoes market is expected to witness the highest
growth rate in the future and is estimated to grow at a CAGR of 4.3%
from 2013 to 2019.
In 2012, Europe and
North America had the largest share of 39.5% and 26.3% respectively
in the global frozen food market. This dominance is driven by
increased preference towards convenience foods, food safety concerns,
and the busy lifestyle. Row is estimated to be the fastest growing
region over the next six years, due to emergence of Brazil and
Argentina as the new markets for frozen food. The RoW market is
expected to grow at a CAGR of 4.3% from 2013 to 2019. The Asia
Pacific market is estimated to be another attractive market for
frozen food because of the healthy growth rate and increasing
consumer preference towards frozen food.
At the country
level, the U.S. was the largest market in 2012 and accounted for more
than 80% share in the frozen food market followed by Japan and
Germany. Brazil is the most attractive market for frozen food due to
availability of raw materials in abundance quantity which makes
frozen food products more accessible and affordable for consumer. The
Brazil market is expected to grow at a CAGR of 4.7% from 2013 to
2019. Countries such as China, India, and Mexico offers huge market
opportunities for frozen food.
There are several
brands available in the market for frozen food; however, very few
have a significant market share. The market for frozen food is highly
fragmented as the top six companies have less than 20% of the market
share in 2012, along with the presence of a number of small and
medium sized participants. Key market participants include Nestle,
ConAgra, H.J. Heinz, McCain and others.
Frozen Food Market:
Product Analysis
Frozen Fruits &
Vegetables
Frozen Potatoes
Frozen Ready
Meals
Frozen Meat
Frozen
Fish/Seafood
Frozen Soup
Frozen Food Market:
Regional Analysis
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Asia Pacific
Japan
China
India
RoW
Brazil
Browse all Food &
Beverages Market Research Reports @
http://www.transparencymarketresearch.com/food-beverages-market-reports-4.html.
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