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

Transparency Market
Research
Frozen Processed Food Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2015 - 2021
Published Date
06-10-2015
83 Page Report
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Press Release
Product Innovation to Boost Sales of Frozen Processed
Food Worldwide, says TMR
Transparency Market Research
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90, State Street, Suite 700.
Albany, NY 12207
United States
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[email protected]
Frozen Processed Food Market
REPORT DESCRIPTION
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
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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
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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
TABLE OF CONTENT
Chapter 1 Preface
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1.1 Report description
1.2 Research scope
1.3 Research methodology
Chapter 2 Executive Summary
2.1 Global Frozen Processed Food Market Snapshot
2.2 Global Frozen Processed Food Market Revenue, 2014 – 2021 (USD million) and Volume, 2014 – 2021
(‘000 tons)
2.2.1 Market size and forecast, 2014 – 2021
Chapter 3 Global Frozen Processed Food Market Overview
3.1 Introduction
3.2 Key Trends Analysis
3.3 Market Drivers
3.3.1 North America
3.3.2 Europe
3.3.3 Asia Pacific
3.3.4 RoW (Rest of the World)
3.4 Market Restraints
3.5 Market Opportunities
3.6 Competitive Landscape
3.6.1 Market Positioning of Key Players, 2014 (%)
3.6.1.1 North America
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3.6.1.2 Europe
3.6.1.3 Asia Pacific
3.6.1.4 Rest of the World (RoW)
Chapter 4 Global Frozen Processed Food Market: By Product Type
4.1 Overview
4.1.1 Global Frozen Processed Food Market Revenue Share (%), by Product Type, 2014 and 2021
4.1.2 Global Frozen Processed Food Market Volume Share (%), by Product Type, 2014 and 2021
4.2 Frozen bakery products
4.2.1 Global Frozen Bakery Products Market Revenue, Volume and Forecast, 2014 – 2021 (USD million
and thousand tons)
4.3 Frozen desserts
4.3.1 Global Frozen Desserts Market Revenue, Volume and Forecast, 2014 – 2021 (USD million and
thousand tons)
4.4 Frozen meat substitutes
4.4.1 Global Frozen Meat Substitutes Market Revenue, Volume and Forecast, 2014 – 2021 (USD million
and thousand tons)
4.5 Frozen processed fish/sea food
4.5.1 Global Frozen Processed Fish/Sea Food Market Revenue, Volume and Forecast, 2014 – 2021 (USD
million)
4.6 Frozen processed poultry
4.6.1 Global Frozen Processed Poultry Market Revenue, Volume and Forecast, 2014 – 2021 (USD million)
4.7 Frozen processed red meat
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4.7.1 Global Frozen Processed Red Meat Market Revenue, Volume and Forecast, 2014 – 2021 (USD
million)
4.8 Others
4.8.1 Global Other Types of Frozen Processed Food Market Revenue, Volume and Forecast, 2014 – 2021
(USD million)
Chapter 5 Global Frozen Processed Food Market by Geography
5.1 Overview
5.1.1 Global Frozen Processed Food Market Revenue Share (%), by Geography, 2014 and 2021
5.1.2 Global Frozen Processed Food Market Volume Share (%), by Geography, 2014 and 2021
5.2 North America
5.2.1 North America Frozen Processed Food Market Revenue, Volume and Forecast, 2014 – 2021 (USD
million and thousand tons)
5.2.2 North America Frozen Processed Food Market Revenue, Volume and Forecast, by Product Type,
2014 – 2021 (USD million and thousand tons)
5.2.3 U.S. Frozen Processed Food Market Revenue, Volume and Forecast, 2014 – 2021 (USD million and
thousand tons)
5.2.4 Canada Frozen Processed Food Market Revenue, Volume and Forecast, 2014 – 2021 (USD million
and thousand tons)
5.2.5 Mexico Frozen Processed Food Market Revenue, Volume and Forecast, 2014 – 2021 (USD million
and thousand tons)
5.3 Europe
5.3.1 Europe Frozen Processed Food Market Revenue, Volume and Forecast, 2014 – 2021 (USD million
and thousand tons)
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5.3.2 Europe Frozen Processed Food Market Revenue, Volume and Forecast, by Product Type, 2014 –
2021 (USD million and thousand tons)
5.3.3 Germany Frozen Processed Food Market Revenue, Volume and Forecast, 2014 – 2021 (USD million
and thousand tons)
5.3.4 U.K. Frozen Processed Food Market Revenue, Volume and Forecast, 2014 – 2021 (USD million and
thousand tons)
5.3.5 France Frozen Processed Food Market Revenue, Volume and Forecast, 2014 – 2021 (USD million
and thousand tons)
5.3.6 Italy Frozen Processed Food Market Revenue, Volume and Forecast, 2014 – 2021 (USD million and
thousand tons)
5.3.7 Spain Frozen Processed Food Market Revenue, Volume and Forecast, 2014 – 2021 (USD million
and thousand tons)
5.3.8 Rest of Europe Frozen Processed Food Market Revenue, Volume and Forecast, 2014 – 2021 (USD
million and thousand tons)
5.4 Asia Pacific
5.4.1 Asia Pacific Frozen Processed Food Market Revenue, Volume and Forecast, 2014 – 2021 (USD
million and thousand tons)
5.4.2 Asia Pacific Frozen Processed Food Market Revenue, Volume and Forecast, by Product Type, 2014
– 2021 (USD million and thousand tons)
5.4.3 India Frozen Processed Food Market Revenue, Volume and Forecast, 2014 – 2021 (USD million and
thousand tons)
5.4.4 China Frozen Processed Food Market Revenue, Volume and Forecast, 2014 – 2021 (USD million
and thousand tons)
5.4.5 Rest of Asia Pacific Frozen Processed Food Market Revenue, Volume and Forecast, 2014 – 2021
(USD million and thousand tons)
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5.5 Rest of the World (RoW)
5.5.1 RoW Frozen Processed Food Market Revenue, Volume and Forecast, 2014 – 2021 (USD million and
thousand tons)
5.5.2 RoW Frozen Processed Food Market Revenue, Volume and Forecast, by Product Type, 2014 – 2021
(USD million and thousand tons)
5.5.3 Latin America Frozen Processed Food Market Revenue, Volume and Forecast, 2014 – 2021 (USD
million and thousand tons)
5.5.4 Middle East Frozen Processed Food Market Revenue, Volume and Forecast, 2014 – 2021 (USD
million and thousand tons)
5.5.5 Africa Frozen Processed Food Market Revenue, Volume and Forecast, 2014 – 2021 (USD million
and thousand tons)
Chapter 6 Company Profiles
6.1 Nestle S.A.
6.2 ConAgra Foods, Inc.
6.3 H.J. Heinz Company
6.4 Mother Dairy Fruit and Vegetable Pvt. Ltd.
6.5 BRF S.A.
6.6 General Mills
6.7 Kraft Foods Group Inc.
6.8 Unilever plc
6.9 Maple Leaf Foods Inc.
6.10 Tyson Foods Inc.
About Us
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Transparency Market Research is a market intelligence company providing global business information
reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers.
We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use
proprietary data sources and various tools and techniques to gather, and analyze information. Our
business offerings represent the latest and the most reliable information indispensable for businesses to
sustain a competitive edge.
Contact
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Website: http://www.transparencymarketresearch.com/
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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. Browse the full Frozen Processed Food Market report at :http://www.transparencymarketresearch.com/frozen-processed-food-market.html