According to a new market report published by Lucintel, the future of the global frozen food market looks promising with opportunities in the food service and retail market. The global frozen food market is expected to grow with a CAGR of 5% from 2020 to 2025. The major drivers for this market are developments in the retail landscape, rising demand for convenience food, and technological advancements in the cold chain market.
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Frozen food are food that has been subjected to rapid freezing and is kept frozen until used. In this market, fruits and vegetables, dairy products, bakery products, meat and seafood products, and convenience food and ready meals are the major product types of frozen food. Lucintel forecasts that convenience food and ready meals will remain the largest segment over the forecast period as lifestyles of people are changing and becoming busy, globally, which has increased the consumption of frozen foods, globally
Within this market, ready-to-cook segment will remain the largest segment by type over the forecast period due to changing lifestyles and increasing population of working women.
Europe will remain the largest region whereas Asia-Pacific is expected to witness the highest growth over the forecast period due to rapid urbanization, and the rise in consumer awareness about the benefits of frozen food.
General Mills , Conagra Brands, Grupo Bimbo S.A.B. de C.V., Nestle SA , Unilever, Kellogg Company, McCain Foods , Kraft Heinz Company Associated British Foods, Vandemoortele NV, and Lantmannen Unibake International are among the major suppliers in the global frozen food market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global frozen food market by product, type, consumption, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Frozen Food Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global frozen food market by product, type, consumption, and region as follows:
By Product [Value ($ Million) shipment analysis for 2014 – 2025]:
Fruits & Vegetables
Dairy Products
Bakery Products
Meat & Seafood Products
Convenience Food & Ready Meals
By Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Raw Material
Half Cooked
Ready-to-Eat
By Consumption [Value ($ Million) shipment analysis for 2014 – 2025]:
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global frozen food market by product (fruits & vegetables, dairy products, bakery products, meat & seafood products, convenience food & ready meals), type (raw material, half cooked, ready-to-eat), consumption (food service and retail), and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities did take place in the last five years in this market?