Frozen Food Manufacturing Market Characteristics
The frozen food manufacturing 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.
Competitive Landscape of the Frozen Food Manufacturing Market
Major players in the global frozen food manufacturing market include Tyson Foods, Nestle, Conagra Brands, Kraft Heinz Company, General Mills Inc.
Frozen Food Manufacturing Market Size
The frozen food manufacturing market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR during the forecast period. The growth in the frozen food manufacturing market is due to emerging markets growth, increase in disposable income and improved earning capacity.
However, the market for frozen food manufacturing is expected to face certain restraints from several factors such as health scares, tax increases, talent crunch and changing consumer preferences.
Frozen Food Manufacturing Market Segmentation
The global frozen food manufacturing market is further segmented based on type and geography.
By Type - The frozen food manufacturing market is segmented into frozen fruit, juice, and vegetable manufacturing, frozen specialty food manufacturing.
By Geography - The global frozen food manufacturing is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-pacific frozen food manufacturing market accounts the largest share in the global frozen food manufacturing market.
Trends in the Frozen Food Manufacturing Market
Frozen food companies are investing in innovative packaging to offer better quality frozen food and more convenient packaging to carry and use frozen food as the major trends witnessed in the global frozen food manufacturing market.
Potential Opportunities in the Frozen Food Manufacturing Market
With busy lifestyle, influence of social media on the market, impact of new cuisines on the market, low cost foods, the scope and potential for the global frozen food manufacturing market is expected to significantly rise in the forecast period.