MRFR (Market Research Future) anticipates the frozen processed food market 2020 record a growth rate of more than 5% from 2017 to 2023 (analysis period). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.
Primary Drivers and Deterrents
Processed foods are kept frozen to curb microbial growth while retaining their quality for an extended period. Frozen processed food products are generally stored at recommended temperatures for quality maintenance. Consumers perceive these products as healthy and natural, which bolsters their demand and induces significant market growth. Also, the rising preference for ready to cook food products among consumers, given their convenience and hygiene also benefits the frozen processed food market.
The continuously evolving lifestyle of consumers coupled with the emergence of the “grab-and-go” trend with regard to food products could also boost the sales of frozen processed food in the following years. Considering the steady economic growth and the rising per capita income of people, especially in developing countries, are prompting consumers with better purchasing power to choose from a variety of food options. Another trend observed is the heightened demand for frozen processed bakery products, with the youth emerging as key consumers, which is bound to favor the global market in the years to come.
Segmental Analysis
MRFR’s study has covered key segments like type and distribution channel for a better understanding of the global market.
The primary types of frozen processed food in the global market are frozen meat & seafood, frozen fruits & vegetable, frozen dairy products & desserts, frozen bakery products, and more. Over the years, large-scale investments have been observed in the frozen meat market, which ensures that the segment can witness a significant growth rate over the given period. Frozen meat products note strong demand in Asia Pacific and North America.
Frozen processed food products are primarily sold via distribution channels that are either store-based or non-store-based. With the rising preference among consumers for convenient and one-stop shopping experience, the demand for store-based channels is higher than the non-store-based ones in the market.
Regional Insight
Europe, Asia Pacific or APAC, North America, and ROW (Rest of the World) are the key markets for frozen processed food products across the world.
North America could project the best growth out of all the regional markets in subsequent years, taking into account the growing consumer preference for ready to eat, convenience food products. Hectic schedules led by the rapidly expanding population in conjunction with the expanding pool of employed women in the US can be favorable for the frozen processed food market. The heavy spending by reputed firms in the region on R&D and technical innovations can also promote market growth in the region. With the introduction of low fat, low trans-fat, whole wheat, low-on-artificial-preservatives and multigrain food products, the frozen processed food market is provided with a significant impetus as players are leveraging the trend of growing health-consciousness. Besides, the escalating demand for handheld breakfast and frozen pizza that are not only low priced but are also fresh also propels the market position in the region.
Affluent Market Participants
The highly affluent market participants profiled in the MRFR study are Grupo Bimbo SAB de CV (Mexico), Lantmannen Unibake, USA, Inc (Denmark), Atkins Nutritionals Inc. (U.S.), General Mills, Inc. (U.S.), Nestle S.A. (Switzerland), Dr. Oetker GmbH (Germany), McCain Foods Ltd. (Canada), Arista AG (U.S.), Rich Products (U.S.), Daiya Foods Inc. (Canada), to mention a few.
Complete Report Details @ https://www.marketresearchfuture.com/reports/frozen-processed-meat-market-3831
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