CRI Report has released a report titled “Frozen Food Manufacturing Market–Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030” which is anticipated to reach USD 494.47 billion by 2030. According to a study by CRI Report, the market is anticipated to portray a CAGR of 8.09% between 2020 and 2030. According to the report, increasing consumption of shelf-stable foods among today’s youngsters and elderly has projected to expand the growth of the Frozen Food Manufacturing Market, Globally. Hectic work style and eating habits of consumers have made them lethargic to cook at home which has prompted the demand for Frozen Food on a large scale. Primary factors: rapid urbanization, high personal income, and globalization among the consumers are aid to fuel the Global market growth. The rising adoption of plant-based and vegan food products across the world is becoming major influencers for the varying market trends.
The market report on Frozen Food Manufacturing Market includes in-depth insights as:
- The estimated value of the market was USD 227.09 billion in the year 2020.
- Frozen Food Manufacturing in Europe held the largest market share in the year 2020.
- Based on Product Type, Fruits & vegetables emerged as a key segment in the Frozen Food Manufacturing market.
- Based on Distribution Channel, Supermarket, emerged as a key segment in the Frozen Food Manufacturing market.
- Key players are likely to focus on product innovations and expansion through mergers to retain their positions in developed markets.
“Rising safety and regulatory measures are rapidly adopted by the global manufacturers. Through civilization of per capita income and shifting of food habits in an individual has propelled the demand for frozen foods in an international market. The increasing acceptance of RTE food products has always been a prime aspect of the global growth of the frozen food market. Moreover, developed and urban provincial sectors are playing a vital role in the propagation of this trend”, said a lead analyst at CRI Report
Frozen food is a preserved food that can be conveniently used from the time it is prepared to the time it is eaten. Freezing of food decelerates the decomposition by turning the remaining moisture of the food into ice. This process of freezing prevents the growth of bacteria. The food commodity industry follows two processes: mechanical and cryogenic which also called flash freezing. Freezing food is a vital process to maintain the texture and quality of the food. Frozen foods consist of crystalline ice inside freeze-concentrated solids. They are tempered or thawed before foster processing.
The frozen Food Manufacturing Market is segmented by Product Type into Fruits & Vegetables, Dairy, Sea Food, Meat & Poultry, Baked Products, Refrigerated Soups, and Others. The Fruits & Vegetable segment is expected to register lucrative growth in the Frozen Food Manufacturing Market attributable to the protracted shelf-life and high nutrient-rich food products. Moreover, French fries, pizza, burgers, and other fast foods are expected to boom in the food industry. Also, the Baked Products segment is estimated to enhance the Food market, owing to its properties such as betterment of quality, taste, and freshness, and consuming less preparation time.
Key Players in the Market
- Some of the key players operating in the Frozen Food Manufacturing Market are Amy’s Kitchen, Con Agra Brands, Tyson Foods Inc., Grupo Bimbo, McCain Foods Limited., Unilever Plc, Kellogg Co., Nestle SA, Schwan’s Company, Lamb Weston Holdings Inc., Other Prominent Players.
Get Valuable Insights into Frozen Food Manufacturing Market
In the new report, CRI Report thrives to present an unbiased analysis of the Frozen Food Manufacturing Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2030. The study includes compelling insights into growth that is witnessed in the market. Frozen Food Manufacturing Market is segmented by Product Type into Fruits & Vegetables, Dairy, Sea Food, Meat & Poultry, Baked Products, Refrigerated Soups, and Others; by Consumption into Food Service and Retail; by Distribution Channel into Supermarket, Convenience Store, Offline and Online. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.