Global Frozen Food Market Trends And Strategies Of Major Players In The Frozen Food Market 2021-2030
16 Apr, 2021
The frozen food market consists of sales of frozen food by entities (organizations, sole traders and partnerships) that produce frozen food including frozen fruits, juices, vegetables, and frozen specialty foods. This market does not cover meat products. The companies in the frozen food industry package and distribute their products through various distribution channels to both individual customers and commercial establishments.
Global Frozen Food Market Size And Drivers:
The global frozen food market is expected to grow from $167.34 billion in 2020 to $174.4 billion in 2021 at a compound annual growth rate (CAGR) of 4.2%. The market is expected to reach $224.2 billion in 2025 at a CAGR of 6%. The frozen food manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries.
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Trends In The Global Frozen Food Market
Frozen food manufacturers are using technologies such as individual quick freezing (IQF) to improve yield and quality of frozen foods. The IQF method involves transferring the individual food items on a conveyor belt into a blast freezer that quickly freezes the items. With IQF method, every individual piece of food is frozen separately, as opposed to bulk or block freezing. This method boosts yield by 1.5-3% and results in better quality products with high nutritional value and less wastage.
Global Frozen Food Market Segments:
The global frozen food market is further segmented based on type, distribution channel and geography.
By Type: Frozen Fruit, Juice, And Vegetable, Frozen Specialty Food.
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others.
Subsegments Covered: Frozen Fruit, Frozen Juice, Frozen Vegetables, Frozen Meals, Other Frozen Specialties.
By Geography: The global frozen food market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global frozen food market, accounting for 40% of the total market.
Read More On The Report For The Global Frozen Food Market At:https://www.thebusinessresearchcompany.com/report/frozen-food-global-market-report-2020-30-covid-19-impact-and-recovery
Frozen Food Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides frozen food market overviews, analyzes and forecasts market size and growth for the global frozen food market, frozen food market share, frozen food market players, frozen food market segments and geographies, frozen food market’s leading competitors’ revenues, profiles and market shares. The frozen food market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.