According to Goldstein Research, “Leading key players are adopting acquisitions as their key strategy is to diversify the product portfolio and garner untapped business opportunities of frozen food market. For instance, Nestle Group acquired Chef America, Inc. and Kraft Foods’ frozen pizza to expand the frozen food business in North America region.”
The global frozen food market is segmented on the basis of product type and by distribution channel. Based on product type, global frozen food market is further bifurcated into frozen fruit & vegetables, frozen fish & seafood, frozen poultry & meat products, frozen ready to eat meals, frozen soups and other frozen products. Frozen ready to eat meals valued USD 35.6 billion in 2016. Increasing popularity of timely prepared food is boosting the growth of frozen ready to eat meals market across the globe. Frozen ready to eat meals valued USD 35.6 billion in 2016.
Global frozen food market is expected to reach over USD 196 billion in 2024. Latin America and Middle East and Africa are the fastest growing region for global frozen food market during the forecast period. Middle East and Africa frozen food market valued USD 7.17 billion in 2016 and expected to witness decent growth during the forecast period.
Flexibility to adjust the temperature saves the energy and operating cost of blast freezers
Advance freezing techniques and equipments play an important role in keeping the products fresh. Air-blast freezers are the most popular equipment which is being used for frozen foods where they are kept at -36°C in blast freezers. McCain foods uses air blast freezing technique as it covers large range of food items at a time and keeps the food at stable temperature.
“Global Frozen Food Market 2024” contains detailed overview of the global frozen food market in terms of market segmentation by product type and by distribution channel.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.
Global frozen food market also includes competitive outlook of some of the major players of the global frozen food market which includes profiling of companies such as McCain Foods, General Mills, Inc., Nestle Group, The Schwan Food Company, Rich Products Corporation, Heinz Company, Dole Food Company, ConAgra Foods Inc., Maple Leaf Foods Inc., BRF SA, Mother Dairy Fruit & Vegetable Pvt. Ltd., Pinnacle Foods Inc., Ajinomoto Co. Inc., Unilever PLC and Tyson Foods Inc.. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global frozen food market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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