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 Potatoes
- Frozen Ready Meals
- Frozen Meat
- Frozen Fish/Seafood
- Frozen Soup
Frozen
Food Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- RoW
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