The
global market for frozen processed foods has seen several tumultuous
episodes. Hailed for being one of the most successful methods of food
preservation, the darker side of frozen processed foods is a heavily
debatable one. The market itself comprises a wide array of products,
including red meat, poultry, fish and other seafood, meat
substitutes, bakery products, desserts, and vegetables, all frozen
and processed to ensure long shelf lives. Those against the global
frozen processed foods market argue that the contents of the products
are harmful to the human body. And these arguments do not come
without proof.
The
global frozen processed foods market was valued at US$57.5 bn in
2014. Between 2015 and 2021, the market is expected to show a CAGR of
2.7% in terms of value, landing it at US$69.1 bn by the end of 2021.
From a volume perspective, the global frozen processed foods market
weighed in at 245980.4 kilo tons in 2014. Moving ahead with a
volume-based CAGR of 6.3% in the aforementioned forecast period, the
global frozen processed foods market is expected to be measured at
384881.1 kilo tons by 2021.
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The
Woes of the Global Frozen Processed Foods Market
Consumerism
can be a fickle affair, and no industry knows this better than the
food and beverages industry. As one of the sectors of this industry,
the global frozen processed foods market is no exception. This market
is plagued by numerous problems, at the top of which lies the
presence of trans fat in its products. Trans fats were considered as
cheap and healthy alternatives to butter and have a superior shelf
life. Scientists are now supporting the fact that trans fats actually
pose twice the risk of heart diseases to individuals.
Another
issue faced by the global frozen processed foods market is the
presence (or absence) of certain mentioned products. Case in point,
the 2013 horse meat scandal that rocked Europe. A large number of
products marked as beef were found to contain horse DNA in them.
There were even cases where the frozen and processed contents were
100% horse meat. Now, although the consumption of horse meat itself
was not detrimental to human health, the scandal showed glaring
discrepancies in the screening processes in the Europe frozen
processed foods market. Harm could, however, have been caused by the
consumption of horse meat that came from sports horses. Sports horses
are administered with veterinary drugs that are banned from use in
food animals due to the negative impact they have on human health.
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The
Global Frozen Processed Foods Market’s Bright Side
All
is not bleak for the global frozen processed foods market, however.
Reports show that there are some segments that are faring much better
than the others. This can be attributed to the major overhauls and
expensive marketing strategies adopted by major players in the market
to clean up their image. There is now a growing level of consumer
acceptance towards the global frozen processed foods market as its
products are being viewed as alternatives to non-preserved food that
are just as healthy. The most popular products in the market are the
ones that are low on fat and low on calories.
The
various submarkets of the global frozen processed foods market also
paint an improving portrait of the market. From the perspective of
revenue, the market was led by poultry in 2014, followed by seafood.
Reports on the market state that a major increase in the consumption
of frozen and processed seafood is expected to tip the scales in its
favor, causing it to lead the market before 2021. By volume, the
global frozen processed foods market was dominated by red meat in
2014, followed by poultry. Both segments are expected to maintain
their growth rates.
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Reaping
the benefits of the changeovers in the global frozen processed foods
market are its major players: Tyson Foods, Inc., General Mills,
Nestle S.A., Unilever Plc., and ConAgra Foods, Inc.
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