Frozen Processed Foods Market, 2015-2021 by Segmentation Based on Product, Application and Region

Leading manufacturers in the global frozen processed food market are shifting their focus from processed to organic foods in order to align with the changing consumer perceptions of health, finds Transparency Market Research (TMR) in a new report. To do this, they are continuously striving to develop innovative products that satisfy the needs of consumers opting for high protein, gluten-free diet, with simple ingredients.

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The key players in the market are Stouffer’s, McCain, Schneider, and DiGiorno. These four players collectively accounted for 27.6% of the global frozen processed food market in 2014. Overall, the new few years will see companies concentrating on preservative-free food and products with no synthetic flavors, TMR predicts.

Companies Profit from Perception About Frozen Foods Being Nearly as Healthy as Fresh Products

Frozen food products are considered nearly as healthy as compared to fresh food items by many consumers, which is driving their demand. Another factor driving their demand is the efforts by manufacturers in terms of product innovation. Keeping in mind the changing consumer preference, manufacturers have started developing frozen processed food that are low in calories, fats, and cholesterol. This has widened the reach of frozen processed food to include the health conscious population base, as they are encouraged and attracted towards healthy food with low calories, fats, and cholesterol.

The demand for frozen processed food is also high owing to the convenience it offers. With increasingly busy lifestyle and rising number of working women, there is a need for easy-to-cook convenience food, which is driving the demand for frozen processed food.

Rising Incidences of Meat Adulteration Restrict Demand for Frozen Processed Food

Recent meat adulteration cases and the Europe horse meat scandal in 2013, where 100% horse meat was found in products being sold as beef meat, have resulted in major setbacks for the global frozen processed food market. A high percentage of people across the globe suffer from obesity, thus opting for homemade food, and refraining from consuming frozen processed meat, fish, and poultry. Another factor challenging the growth of the market is the competition with chilled processed food.

Lack of Industry Rivalry Provides Opportunities of Growth in Market

There are a very limited number of players in many countries that offer refrigerated sausages and hot dogs. For instance, Venky’s Limited is the leader in hot dogs and sausages in India, accounting for 60% of the market. The presence of limited players in specific regions across the globe gives ample opportunity of growth to manufacturers. Another emerging trend is the growth of the retail sector in developing nations, which has increased the sale of frozen processed food.

Rest of the World to Lead in Global Frozen Processed Food Market

By geography, North America led the frozen processed food market in 2014, representing a share of 38.2% in the global market. Rising consumer demand for frozen processed food as opposed to their canned alternatives was the major reason driving the growth of the region in the market. Asia Pacific followed North America and accounted for 30.4% of the market in 2014.

In terms of volume however, the growth in the Rest of the World was highest, accounting for 55.2% of the global frozen processed food market. “The Rest of the World is expected to lead in the market in the future and is anticipated to account for 84.1% of the global market by 2021”, predicts a TMR analyst.

By product, the frozen processed poultry segment led the market in terms of revenue, by accounting for 15.58% of the global frozen processed food market in 2014. In terms of volume, the red meat segment accounted for 17.5% of the market in 2014.

According to the report, the global market opportunity in frozen processed food will rise from US$57.5 bn in 2014 will reach US$69.1 bn by 2021, expanding at a 2.7% CAGR between 2015 and 2021. In terms of volume, the consumption of frozen processed food is expected to rise from 245,980.4 thousand tons in 2014 to 384,881.1 thousand tons by 2021, expanding at a 6.35% CAGR from 2015 to 2021.

This information is based on the findings of a report published by Transparency Market Research titled “Frozen Processed Food Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021.

Frozen Processed Foods Market: Changing Lifestyles Spur Demand for Frozen Processed Food Items

Frozen food products are considered nearly as healthy as compared to fresh food items by many consumers, which is driving their demand. Another factor driving their demand is the efforts by manufacturers in terms of product innovation. Keeping in mind the changing consumer preference, manufacturers have started developing frozen processed food that are low in calories, fats, and cholesterol. This has widened the reach of frozen processed food to include the health conscious population base, as they are encouraged and attracted towards healthy food with low calories, fats, and cholesterol.

The demand for frozen processed food is also high owing to the convenience it offers. With increasingly busy lifestyle and rising number of working women, there is a need for easy-to-cook convenience food, which is driving the demand for frozen processed food.

According to the research report, the opportunity in the global frozen processed food market is expected to reach US$69.11 bn by 2021 as against US$57.50 bn in 2014. During the report’s forecast period of 2015 to 2021, the global market is expected to rise at a CAGR of 2.7% in terms of revenue. The demand for frozen processed poultry food items is expected to be highest, as the revenue of this segment is projected to reach US$9.91 bn by 2021. North America will be the key regional segment in the overall market and is expected to generate revenue worth US$23.60 bn by the end of 2021, exhibiting a CAGR of 0.9% from 2015 to 2021.

By geography, North America led the frozen processed food market in 2014, representing a share of 38.2% in the global market. Rising consumer demand for frozen processed food as opposed to their canned alternatives was the major reason driving the growth of the region in the market. Asia Pacific followed North America and accounted for 30.4% of the market in 2014.

In terms of volume however, the growth in the Rest of the World was highest, accounting for 55.2% of the global frozen processed food market. “The Rest of the World is expected to lead in the market in the future and is anticipated to account for 84.1% of the global market by 2021”, predicts a TMR analyst.

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By product, the frozen processed poultry segment led the market in terms of revenue, by accounting for 15.58% of the global frozen processed food market in 2014. In terms of volume, the red meat segment accounted for 17.5% of the market in 2014.

The leading players in global frozen processed food market are Stouffer’s, Bofrost, Zhengzhou Sanquan Food Co, Ltd., and McCain. “Collaborating with regional players to enhance product portfolio and reaching out a larger number of consumers are expected to be key strategies of players in the near future,” reports the lead author of this research report. Establishing integrated marketing communication strategies, improving point of visibility, and building a stronger relationship with retailers will also form the basis of successful businesses in the coming years.

Frozen Processed Foods Market Driven by Changing Consumer Perceptions about Frozen Processed Food Items

The changing lifestyles of the global population marked with busy schedules are driving the consumption of frozen processed food worldwide. With less time to cook elaborate and nutritious meals, an increasingly high number of consumers are opting for convenient meal options. This trend is especially making a pronounced impact on the revenues of the frozen processed food market in countries such as India, the U.S., China, and the Philippines.

Leading manufacturers in the global frozen processed food market are shifting their focus from processed to organic foods in order to align with the changing consumer perceptions of health, finds Transparency Market Research (TMR) in a new report. To do this, they are continuously striving to develop innovative products that satisfy the needs of consumers opting for high protein, gluten-free diet, with simple ingredients.

The key players in the market are Stouffer’s, McCain, Schneider, and DiGiorno. These four players collectively accounted for 27.6% of the global frozen processed food market in 2014. Overall, the new few years will see companies concentrating on preservative-free food and products with no synthetic flavors, TMR predicts

The changing consumer perceptions about frozen processed food items from being convenient solutions to being healthy dietary options have accelerated the demand for the global frozen processed food items. The market is also benefitting from ongoing product innovations and the strong distribution networks established by retail chains. Introduction of a wide range of healthy, natural, organic, and food items with less or no preservatives and additives is also boosting the demand frozen processed food items.

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The lack of time to cook elaborate meals and increasing number of working women have also made a significant contribution to the revenues of the global frozen processed food. The report also indicates that the rising disposable incomes and increasing number of households that own refrigerators especially in the emerging economies of China and India are also expected to propel this market in the forecast period.

According to the research report, the opportunity in the global frozen processed food market is expected to reach US$69.11 bn by 2021 as against US$57.50 bn in 2014. During the report’s forecast period of 2015 to 2021, the global market is expected to rise at a CAGR of 2.7% in terms of revenue. The demand for frozen processed poultry food items is expected to be highest, as the revenue of this segment is projected to reach US$9.91 bn by 2021. North America will be the key regional segment in the overall market and is expected to generate revenue worth US$23.60 bn by the end of 2021, exhibiting a CAGR of 0.9% from 2015 to 2021.

Global Frozen Processed Food Market: Manufacturers Target Health Conscious Consumers with Product Innovation, notes TMR

The global frozen processed food market receives a fragmented demand with different regions of the world varyingly expressing the need for the products, finds a report published by Transparency Market Research (TMR). Since the demand varies from region to region, each geographical market is observed to have a different key player topping the market share therewith. For instance, Stouffer’s had made its presence known in North America, Findus in Europe, Venky’s in Asia Pacific, and McCain in the Rest of the World in the recent past. Some of the influential companies profiled in the global market report for the forecast period 2015–2021 are Tyson Foods Inc., Unilever plc, Nestle S.A., BRF S.A, ConAgra Foods, Inc., and General Mill.

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With a moderate CAGR of 2.7%, the world frozen processed food market is predicted to touch US$69.11 bn by 2021, according to the report by TMR. In 2016, the market was poised at US$60.62 bn. By product type, the frozen processed fish/sea food segment had accounted for a massive share of US$9.42 bn in 2016 and is expected to lead the market by the end of the forecast period. Geographically, North America had generated a significant revenue in 2016, however, Asia Pacific is foreseen to steal the glory by 2021 with a mammoth share of 36.8%.

Top vendors such as Nestle S.A. are taking to the strategy of repositioning their brands suffered from the shift in consumer preference from processed to organic foods. In 2015, the company announced that it will look to refresh its frozen processed food portfolio. In this regard, the Lean Cuisine brand is being aligned with the consumer preference for simple ingredients, high protein, and gluten-free diet.

Consumers Happy with Regional Recipes in Frozen Processed Form

Product innovation is researched to be a major driver in the global frozen processed food market. For example, low calorie, cholesterol, and fat products in North America, traditional recipes in the form of frozen processed foods in Europe, frozen processed regional foods such as Xinpai Rice in China, and a range of marinated chicken introduced by National Food Co. in the Rest of the World.

The idea of having natural, healthy, and fresh foods as opposed to ready to eat items is also propelling the global market significantly. Besides this, other drivers such as increasing health awareness, busy lifestyle, and adoption of easy to cook and convenience foods are taking precedence in the market.

Obesity Controlling Low Fat and Calorie Products Benefit Vendors

The global frozen processed food market could face opposition with the information gap about chilled and frozen processed food categories and slightly cheaper per unit price of chilled products in some countries. The rising incidences of adults having hyper obesity globally could also act as a restraint. Moreover, the recent meat adulteration and horse meat incidents may take a toll on the market, especially in Europe.

Nevertheless, the augmenting demand for food hygiene and low fat and calorie foods, owing to obesity issues, is anticipated to stimulate the frozen processed food market with product innovation. Limited number of manufacturers of hot dogs and sausages in specific regions of the global market, such as Asia Pacific, has opened an opportunity to gain a foothold in the industry. Since most of the frozen and chilled foods are sold in retails, the growth in the number of retail outlets, particularly in developing regions, is foretold to emerge as a great market opportunity.

The study presented here is based on a report by TMR, titled “Frozen Processed Food Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021.”

The global frozen processed food market has been segmented in the following arrangement.

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

Lower Use of Synthetic Flavors, Preference for Poultry Products to Define Future of Frozen Processed Food Market, reports TMR

Changing Lifestyles Spur Demand for Frozen Processed Food Items

The changing lifestyles of the global population marked with busy schedules are driving the consumption of frozen processed food worldwide. With less time to cook elaborate and nutritious meals, an increasingly high number of consumers are opting for convenient meal options. This trend is especially making a pronounced impact on the revenues of the frozen processed food market in countries such as India, the U.S., China, and the Philippines.

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Furthermore, increasing disposable incomes are also contributing toward the growth of this market. Transparency Market Research states that growing number of households with refrigerators in developing countries will also help fuel the demand for frozen processed food items in the near future.

According to the report, the global frozen processed food market will be worth US$69.11 bn by 2021 as compared to US$57.50 bn in 2014, exhibiting a modest CAGR of 2.7% in terms of revenue. The market will also receive an impetus from the introduction of innovative frozen processed food items that cater to the unique needs of the fitness- and health-conscious consumers. Additionally, a thrust on marketing products as healthy and natural will be a game-changing trend for frozen processed food brands.

Cost-effective Products Make Asia Pacific the Leading Regional Segment

The key segments of the global frozen processed food market, by geography, are Europe, North America, Asia Pacific, and Rest of the World. Of these, North America held the leading share in the global market as of 2014 and is expected to be the fastest-growing region in the forecast period. High consumer preference for frozen foods and growing awareness about health frozen food options is driving the North America frozen processed food market.

Asia Pacific is also anticipated to emerging a significant region in the overall market as it is poised to expand at a CAGR of 7.5% between 2015 and 2021. Technological advancements and development of new products within cost-effective price ranges will fuel this regional market in the coming years.

Frozen Processed Poultry Segment to Flourish as Consumers Prefer Lean Meat

The steady demand for frozen processed poultry is expected to keep this segment in the lead in the global market. The consistent demand for various types of frozen chicken sausages, nuggets, shredded chicken, and chicken popcorn will keep the make the frozen processed poultry segment the leading segment during the forecast period. With these drivers, the majority of the consumers are expected to opt for lean meat instead of red meat, enabling the frozen processed poultry segment contribute revenue earnings worth US$9.91 bn by 2021. Introduction of a variety of flavors in lean meats and a wide range of products will also keep the growth of segment positive in the near future.

Some of the leading players in the global frozen processed food market are Tyson Foods Inc., Unilever plc, Nestle S.A., ConAgra Foods, Inc., General Mill, and BRF S.A. These players are focusing on product innovation to deliver items that will suit myriad palates and dietary needs. Companies are also expected to strengthen their retail networks to reach out to a larger audience in the near future.

Product Innovation to Boost Sales of Frozen Processed Food Worldwide, says TMR

Leading manufacturers in the global frozen processed food market are shifting their focus from processed to organic foods in order to align with the changing consumer perceptions of health, finds Transparency Market Research (TMR) in a new report. To do this, they are continuously striving to develop innovative products that satisfy the needs of consumers opting for high protein, gluten-free diet, with simple ingredients.

The key players in the market are Stouffer’s, McCain, Schneider, and DiGiorno. These four players collectively accounted for 27.6% of the global frozen processed food market in 2014. Overall, the new few years will see companies concentrating on preservative-free food and products with no synthetic flavors, TMR predicts.

Companies Profit from Perception About Frozen Foods Being Nearly as Healthy as Fresh Products

Frozen food products are considered nearly as healthy as compared to fresh food items by many consumers, which is driving their demand. Another factor driving their demand is the efforts by manufacturers in terms of product innovation. Keeping in mind the changing consumer preference, manufacturers have started developing frozen processed food that are low in calories, fats, and cholesterol. This has widened the reach of frozen processed food to include the health conscious population base, as they are encouraged and attracted towards healthy food with low calories, fats, and cholesterol.

The demand for frozen processed food is also high owing to the convenience it offers. With increasingly busy lifestyle and rising number of working women, there is a need for easy-to-cook convenience food, which is driving the demand for frozen processed food.

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Rising Incidences of Meat Adulteration Restrict Demand for Frozen Processed Food

Recent meat adulteration cases and the Europe horse meat scandal in 2013, where 100% horse meat was found in products being sold as beef meat, have resulted in major setbacks for the global frozen processed food market. A high percentage of people across the globe suffer from obesity, thus opting for homemade food, and refraining from consuming frozen processed meat, fish, and poultry. Another factor challenging the growth of the market is the competition with chilled processed food.

Lack of Industry Rivalry Provides Opportunities of Growth in Market

There are a very limited number of players in many countries that offer refrigerated sausages and hot dogs. For instance, Venky’s Limited is the leader in hot dogs and sausages in India, accounting for 60% of the market. The presence of limited players in specific regions across the globe gives ample opportunity of growth to manufacturers. Another emerging trend is the growth of the retail sector in developing nations, which has increased the sale of frozen processed food.

Rest of the World to Lead in Global Frozen Processed Food Market

By geography, North America led the frozen processed food market in 2014, representing a share of 38.2% in the global market. Rising consumer demand for frozen processed food as opposed to their canned alternatives was the major reason driving the growth of the region in the market. Asia Pacific followed North America and accounted for 30.4% of the market in 2014.

In terms of volume however, the growth in the Rest of the World was highest, accounting for 55.2% of the global frozen processed food market. “The Rest of the World is expected to lead in the market in the future and is anticipated to account for 84.1% of the global market by 2021”, predicts a TMR analyst.

By product, the frozen processed poultry segment led the market in terms of revenue, by accounting for 15.58% of the global frozen processed food market in 2014. In terms of volume, the red meat segment accounted for 17.5% of the market in 2014.

According to the report, the global market opportunity in frozen processed food will rise from US$57.5 bn in 2014 will reach US$69.1 bn by 2021, expanding at a 2.7% CAGR between 2015 and 2021. In terms of volume, the consumption of frozen processed food is expected to rise from 245,980.4 thousand tons in 2014 to 384,881.1 thousand tons by 2021, expanding at a 6.35% CAGR from 2015 to 2021.

This information is based on the findings of a report published by Transparency Market Research titled “Frozen Processed Food Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021.”

The global frozen processed food market is segmented as follows:

Product

• Frozen Bakery Products
• Frozen Desserts
• Frozen Meat Substitutes
• Frozen Processed Fish/Sea Food
• Frozen Processed Poultry
• Frozen Processed Red Meat
• Others

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

Global Frozen Processed Food Market to Expand at CAGR of 6.3% between 2015 and 2021

Transparency Market Research (TMR) has announced the addition of a new market study on the global frozen processed food market. The report analyzes the drivers and restraints of the frozen processed food market and the impact of these on the demand for frozen processed food during the forecast period from 2015 to 2021. The report studies the attractiveness of the frozen processed food market on the basis of factors such as growth rate and market size. According to the report, in terms of revenue, the frozen processed food market, which was valued at US$57.5 bn in 2014, is projected to reach US$69.1 bn by 2021, exhibiting a CAGR of 2.7% from 2015 to 2021.The report is titled “Frozen Processed Food Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021.” The report states that the global frozen processed food market was valued at 45,980.4 thousand tons in 2014 and will rise to 384,881.1 thousand tons by 2021, in terms of volume, expanding at a healthy CAGR of 6.3% between 2015 and 2021.

Frozen processed foods are food products that are preserved from the time they have been prepared till the time they are consumed. Food is preserved by freezing, as freezing the food slows down the decomposition process by turning moisture into ice, inhibiting the growth of most bacteria. Frozen processed food products include frozen sea food, frozen desserts, frozen bakery items, frozen poultry, frozen meat substitutes, and frozen red meat.

The global frozen processed food market is driven by the increasing disposable income of consumers, especially in nations such as the U.S, the U.K, China, the Philippines, and India. The growing inclination towards the consumption of convenience foods is one of the major drivers of the market. Furthermore, the growing trend of consuming foods that have low calorie and low fat content is expected to boost the global frozen processed food market in the coming years. Increasing health-consciousness among people will also help promote the market.

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One of the major challenges of the global frozen processed food market is the rising number of people suffering from obesity. The growing health awareness in the global populace will lead to an increasing number of obese people making prudent dietary choices, including not consuming frozen processed foods, thus restricting the growth of the market. The low price of chilled processed food in comparison to frozen processed food will also deter the market’s growth during the period from 2015 to 2021.

Geographically, the global frozen processed food market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The largest share in the frozen processed food market was held by North America in 2014, followed by Asia Pacific. North America and Asia Pacific are expected to retain their dominance throughout the forecast period, expanding at a CAGR of 5.5% between 2015 and 2021.

Among the various product types of frozen processed food, the frozen poultry segment held the largest market share in terms of revenue, followed by frozen processed sea food, in 2014. The frozen processed red meat segment held the largest market share in terms of volume in 2014 and is expected to retain its position for the rest of the forecast period. Frozen processed poultry held the second largest market share in terms of volume.

The report profiles some of the leading players in the market such as: Nestle S.A., ConAgra Foods, Inc., Tyson Foods Inc., BRF S.A., Unilever plc, and General Mills.

The frozen processed food market has been segmented as:

Product Type

• Frozen Bakery Products
• Frozen Desserts
• Frozen Meat Substitutes
• Frozen Processed Fish/Sea Food
• Frozen Processed Poultry
• Frozen Processed Red Meat
• Others

Geography

North America

• The U.S.
• Canada
• Mexico

Europe

• Germany
• 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

Frozen Processed Foods Market Battles its Acquired Image Issue

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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Tepid Outlook for Frozen Processed Food Market, Global Revenue will reach US$69.1 bn by 2021

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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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

Browse the full Press Release : http://www.transparencymarketresearch.com/pressrelease/frozen-processed-food-market.htm

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