Frozen Processed Food Market Recent Trends, Regional Growth ...| MENAFN.COM

Saturday, 22 January 2022 06:09 GMT

Frozen Processed Food Market Recent Trends, Regional Growth Forecast by Types and Applications

(MENAFN- GetNews)

The changing lifestyles of the global population marked with busy schedules are driving the consumption of frozen processed food worldwide. With less time to cook elaborate and nutritious meals, an increasingly high number of consumers are opting for convenient meal options. This trend is especially making a pronounced impact on the revenues of the frozen processed food market in countries such as India, the U.S., China, and the Philippines. 

Furthermore, increasing disposable incomes are also contributing toward the growth of this market. Transparency Market Research states that growing number of households with refrigerators in developing countries will also help fuel the demand for frozen processed food items in the near future.

Request Brochure of Report – 

According to the report, the global frozen processed food market will be worth US$69.11 bn by 2021 as compared to US$57.50 bn in 2014, exhibiting a modest CAGR of 2.7% in terms of revenue. The market will also receive an impetus from the introduction of innovative frozen processed food items that cater to the unique needs of the fitness- and health-conscious consumers. Additionally, a thrust on marketing products as healthy and natural will be a game-changing trend for frozen processed food brands.

The key segments of the global frozen processed food market, by geography, are Europe, North America, Asia Pacific, and Rest of the World. Of these, North America held the leading share in the global market as of 2014 and is expected to be the fastest-growing region in the forecast period. High consumer preference for frozen foods and growing awareness about health frozen food options is driving the North America frozen processed food market.

Asia Pacific is also anticipated to emerging a significant region in the overall market as it is poised to expand at a CAGR of 7.5% between 2015 and 2021. Technological advancements and development of new products within cost-effective price ranges will fuel this regional market in the coming years.

Enquiry Before Buying –

Frozen Processed Poultry Segment to Flourish as Consumers Prefer Lean Meat

The steady demand for frozen processed poultry is expected to keep this segment in the lead in the global market. The consistent demand for various types of frozen chicken sausages, nuggets, shredded chicken, and chicken popcorn will keep the make the frozen processed poultry segment the leading segment during the forecast period. With these drivers, the majority of the consumers are expected to opt for lean meat instead of red meat, enabling the frozen processed poultry segment contribute revenue earnings worth US$9.91 bn by 2021. Introduction of a variety of flavors in lean meats and a wide range of products will also keep the growth of segment positive in the near future.

Some of the leading players in the global frozen processed food market are Tyson Foods Inc., Unilever plc, Nestle S.A., ConAgra Foods, Inc., General Mill, and BRF S.A. These players are focusing on product innovation to deliver items that will suit myriad palates and dietary needs. Companies are also expected to strengthen their retail networks to reach out to a larger audience in the near future.

Buy Now –

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.