Frozen Food Market
Frozen Food Market To
Reach USD 366.3 Billion By
2026
Market Summary
Increasing awareness about frozen food due to its increased shelf life, convenience in cooking,
packaging and carrying, changes in the business strategies of the market players are key factors
contributing to high CAGR of industry during forecast period.
Market Size – USD 260.8 Billion in 2018, Market Growth - CAGR of 3.2%, Market Trends – Change is Life
Style and increase in availability.
According to the current analysis of Reports and Data, the global Frozen Food market was valued at
USD 260.8 Billion in 2018 and is expected to reach USD 366.3 Billion by year 2026, at a CAGR of 3.2%.
They are preserved by a process of freezing and storing before cooking. It has a large market due to
increased demand from the consumers. The freezing process helps to maintain the food in its original
state till it is consumed. In this industry it involves two procedures for freezing, one is mechanical and
the other one is cryogenic. The freezing process is required to safeguard the quality and its outer
surface. The fast freezing helps to maintain the original cell structure of the food. Cryogenic freezing is
one of the fastest process because it maintains the low fluid nitrogen temperature of around -196
degree Celsius.
Market Summary
Further key findings from the report suggest
• Dairy Products is expected to be the fastest growing market segment during
forecast period 2019-2026 with a CAGR of 3.5%. However, the sugar and fats
content which are not healthy and difficulties faced in removing such content is one
of the major challenge for the industry in this segment.
• Others product type segment (that includes frozen potatoes, pizzas, snacks, ready
to eat meals) was valued at USD 27.4 billion and is expected reach USD 39.05 billion
by 2026
• The sodium content and starch content are found to be in more proportion which
might have side effects that may hinder the market during the forecast period.
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Market Summary
Key players Are Nestle, ConAgra Foods Inc., Heinz, Mother Dairy, McCain Foods, Kellogg Company, Unilever, General
Mills Inc., Venky’s, and Pinnacle Foods Inc.
Segmentation:
For the purpose of this report, Reports and Data has segmented the Frozen Food industry on the basis of
processed product type, Product Type, Distribution Channel, End-Use
Processed Product Type (Revenue, USD Billion; 2016–2026)
• Frozen Fruits & Vegetables
• Frozen Meat & Fish
• Frozen Dairy Products
• Frozen Soups
• Others
Product Type (Revenue, USD Billion; 2016–2026)
• Raw Stage
• Half-Prepared
• Fully-Prepared
End Use (Revenue, USD Billion; 2016–2026)
• Retail Customers
• Service Providers
• Others
Market Summary
Distribution Channel (Revenue, USD Billion; 2016–2026)
• Supermarket/Hypermarket
• Online Stores
• Specialist Retailers
• Convenience Stores
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
• North America
• Europe
• Asia Pacific
• MEA
• Latin America
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