Frozen
processed food comprises of a vast array of products which includes
frozen desserts, frozen bakery products, frozen meat substitutes,
frozen processed fish/seafood, frozen processed poultry, frozen
processed red meat and others. The demand for frozen processed food
varies from region to region. The global frozen processed food market
is anticipated to witness a dramatic growth during the forecast
period due to increased consumer preference for frozen processed food
products.
Since,
frozen processed food items are perceived as a healthy and natural
food item among the consumers across the world, more consumers are
gradually shifting towards the consumption of frozen processed food
in order to maintain a healthier lifestyle. This factor is one of the
major drivers for the frozen processed food market. In addition, due
to the rising health awareness among the consumers, they are looking
to reduce the consumption of ready to eat food items, and are
shifting towards the consumption of frozen processed food as they are
perceived to be much healthier than their counterpart. In addition,
vast product portfolio of frozen processed food products owing to
product innovation undertaken by the manufacturers operating in the
global frozen processed foods market is another factor driving the
market. Moreover, due to the busy lifestyle of the consumers in the
developing regions including Asia Pacific and Middle East, they are
looking toward the consumption of food items which would address
their health requirements and are convenient at the same time. This
factor is also fuelling the demand for the global processed food
market.
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Processed Food Market
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Availability
of chilled processed food is one of the major factors impeding the
demand for the global frozen processed food market. The information
gap among the consumers regarding chilled and frozen processed foods
along with the low per unit price of chilled processed food is a
major hindrance to the global frozen processed food market. In
addition, the rising incidence of adults suffering from hyper obesity
worldwide is another restraint to the global frozen processed food
market. The U.S. is the leading country with almost 33% of the
population suffering from obesity which is followed by New Zealand
and Australia.
Growth
of the retail sector in the developing countries which includes
India, China, Philippines and UAE is an opportunity for the frozen
processed food market. In addition, the growing demand for hygienic
food which contains low calorie and low fat percentage is another
major opportunity for the global frozen processed food market. Rising
consumer awareness for health and wellness and the increasing obesity
issues worldwide is increasing the demand for low fat calorie frozen
processed food items.
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In
terms of revenue, the frozen processed poultry held the largest
market share in 2014 followed by the frozen processed sea food
segment. However, the frozen processed sea food segment is expected
to surpass the frozen processed poultry segment in terms of revenue
share by 2021. In terms of volume, the frozen processed red meat
segment held the largest market share in 2014 and is expected to
remain the market leader during the forecast period. Also, in terms
of volume, the frozen processed poultry segment held the second
largest market share in 2014.
North
America dominated the global frozen processed foods market in 2014.
Asia Pacific held the second largest market share in the global
frozen processed food market right after North America in 2014 but is
expected to dominate the global processed food market in the future.
The
global frozen processed food market is dominated by some of the major
players operating in this market. ConAgra Foods, Inc, Nestle S.A.,
Tyson Foods Inc., Unilever plc, BRF S.A., General Mills are some of
the major players operating in global processed food market.
The
report has been segmented by product type, and by geography and it
includes drivers, restraints and opportunities (DRO’s), cause and
effect analysis of the frozen processed food market. The study
highlights current market trends and provides forecast from 2015 to
2021. We have featured the current market scenario for the global
frozen processed food market and identified future trends that will
impact demand for frozen processed food during the forecast period.
The
global frozen processed food market has been segmented by product
types into frozen bakery products, frozen desserts, frozen meat
substitutes, frozen processed sea food, frozen processed poultry,
frozen processed red meat and others
The
report also analyzes factors driving and inhibiting growth of the
frozen processed food market. The report will help manufacturers,
suppliers, and distributors to understand the present and future
trends in this market and formulate strategies accordingly.
The
frozen processed food market has been segmented as:
Global
Frozen Processed Food Market by Product Type
- Frozen Bakery Products
- Frozen Desserts
- Frozen Meat Substitutes
- Frozen Processed Fish/Sea Food
- Frozen Processed Poultry
- Frozen Processed Red Meat
- Others
Global
Frozen Processed Food Market by Geography/ Country
North
America
- The U.S.
- Canada
- Mexico
Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
Asia
Pacific
- India
- China
- Rest of Asia Pacific
Rest
of the World (RoW)
- Middle East
- Latin America
- Africa
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