Frozen Processed Food

Frozen Processed Food Market Report, by Product
Type and Geography - Global Trends and Forecast
to 2025
The processed food is frozen to control the microbial growth and to retain the quality
of processed products over long period. The frozen processed food products are
stored under recommended temperatures to maintain their quality. They are
perceived as natural and healthy food product, which is fueling the growth of the
market. Furthermore, increasing preference of customers towards ready to cook
products, owing to hygiene and convenience is boosting the growth of frozen
processed food market. However, the availability of chilled food products is
restraining the growth of the market.
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Frozen processed food are segmented on the basis of product type in frozen
processed bakery products, frozen processed desserts, frozen processed meat
substitutes, frozen processed fish/seafood, frozen processed poultry, frozen
processed meat, frozen processed pizza, frozen processed noodles, frozen
processed potatoes, and frozen processed vegetables. Frozen processed poultry
segment is expected to account for the highest revenue share over the forecast
period, due to increasing consumption of chicken. According to United States
Department of Agriculture, the per capita poultry consumption was 48.8 kg in 2016
and is expected to increase up to 49.7 kg in 2018.
North America is the dominant region in the global frozen processed food market
and was valued at US$ 16.95 Bn in 2016. This is attributed to increasing consumer
interest in healthy and functional food. The ability to preserve the processed food
enables the manufacturer to offer products to the consumers to the other side of the
world, leading to burgeoning the growth of frozen processed food market. In
February 2017, Smithfield Foods, Inc., a meat processing company, extended their
frozen meat product portfolio, which included frozen chicken breakfast items and
pork’s. However, increasing prevalence of obesity levels in the U.S. may negatively
impact frozen processed food market. According to Centers for Disease Control and
Prevention (CDC), nearly 36.5% of the U.S. adults have obesity and the prevalence
of obesity was higher among the adults and middle-aged population, which in turn is
expected to hinder the growth of the market.
Europe is expected to be the second largest market for frozen processed food in
terms of revenue over the forecast period. The market is driven by increasing
demand for the convenience food product in countries such as U.K., Germany and
France, owing to the surging number of working women and changing food
purchasing pattern, led to increased production of frozen processed food items.
According to CBI Ministry of Foreign Affairs, the production of frozen processed fruits
and vegetables was valued at US$ 6.86 billion in 2016. Furthermore, owing to the
negative consumer sentiment related to red meat, the frozen processed food is
gaining popularity among the consumers offering longer shelf life of this product.
The frozen processed food market was valued at US$ 60.12 billion in 2016 and is
expected to expand at a CAGR of 4.0%, in terms of revenue, over the forecast
period (2017 – 2025).
North America accounted to hold a revenue share of 28.19% in the global frozen
processed food market in 2016, owing to healthy benefits related with frozen
processed food. However, limited information regarding frozen processed food and
chilled food is expected to hinder the market growth.
Most of the manufacturers are adopting various strategies such as new technological
innovations and product launch to sustain their market position. In June 2017, The
Coca-Cola Company, launched frozen desserts in India under Minute Maid brand.
Major Players in Global Frozen Processed Food Market:
Some of the key players operating in the global frozen processed food market are
Nestle S.A., ConAgra Foods, Inc., Kraft Foods Group, Inc., Mother Dairy Fruit &
Vegetable Pvt Ltd, BRF S.A., General Mills, Inc., Maple Leaf Foods Inc., Tyson
Foods, Inc., and Unilever Plc.
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The frozen processed food market was valued at US$ 60.12 billion in 2016 and is expected to expand at a CAGR of 4.0%, in terms of revenue, over the forecast period (2018 – 2025)