Frozen Grocery Foods: Fastest Growing Segment Fueling The Growth Of Frozen Processed Food Market

 


Frozen processed foods include frozen vegetables, frozen meat products, frozen seafood, frozen baked products and others. These foods provide advantages of being easily available and require less preparation time. They are packed with nutrients and offer great taste and convenience for consumers.

The global Frozen Processed Food Market is estimated to be valued at US$ 167,115.0 Mn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends in the frozen processed food market is the rise in demand for frozen grocery products such as frozen dough, frozen pasta, frozen ready meals, frozen baked goods and others. Consumers prefer grocery frozen items as they provide great taste, nutrition and convenience. They saves time spent on cooking and allows easy preparation of meals. The availability of exotic frozen food items in grocery stores is also driving this segment. Moreover, product launches catering to various regional cuisines and tastes further supports the growth of frozen grocery segment.

Segment Analysis
The global frozen processed food market is fragmented with different product types. The ready meals segment currently dominates the market, accounting for around 30% of the total market share. It is expected to remain the dominant segment during the forecast period as well due to changing lifestyles and busy schedules that leave little time for cooking. The frozen pizza/prepared pies segment is the second largest segment due to popularity among working individuals and millennials.

Key Takeaways
The global frozen processed food market is expected to witness high growth, exhibiting CAGR of 4.8% over the forecast period, due to increasing urbanization and changing food consumption patterns.

Regional analysis
North America currently dominates the frozen processed food market, accounting for over 35% of the global market share. However, Asia Pacific region is expected to witness the highest growth during the forecast period owing to rising disposable incomes, growing middle class population and their shifting preferences towards convenience foods.

Key players
Key players operating in the frozen processed food market are Nestle S.A., ConAgra Foods, Inc., Kraft Foods Group, Inc., Mother Dairy Fruit & Vegetable Pvt Ltd, BRF S.A., General Mills, Inc., Maple Leaf Foods Inc., Tyson Foods, Inc., and Unilever Plc. The market is highly consolidated with top five players accounting for over 45% of the global market share.

Comments

Post a Comment

Popular posts from this blog

Blowing Agents in Action: Enhancing Sustainability and Performance in Modern Engineering

Image
  Blowing Agents: Unleashing the Power of Expansion in Materials Blowing agents are a remarkable class of chemical compounds that play a pivotal role in various industries, revolutionizing the way materials are manufactured and utilized. These agents are essential additives employed to induce controlled expansion in materials, leading to the creation of diverse products with unique properties and applications. From lightweight foams in packaging to insulating materials and beyond, blowing agents have become indispensable in modern manufacturing processes. 1. Understanding Blowing Agents: Blowing agents are substances designed to generate gas when subjected to specific conditions, such as heat, pressure, or chemical reactions. The produced gas forms bubbles within the material matrix, resulting in a cellular structure with reduced density. This cellular structure not only imparts lightness to the material but also enhances its thermal and acoustic insulation properties. 2. Versatil...
Read more

Multi-Depth Corrugated Box Market Trends 2023 - Industry Insights, Competition Analysis, Growth Rate and Forecast by 2030

Image
  A multi-depth corrugated box is a type of shipping or storage box that has the ability to be adjusted to different depths, allowing for greater flexibility and efficiency in packaging and shipping. This type of box is made of corrugated cardboard, which consists of a fluted layer sandwiched between two flat layers. Multi-depth corrugated boxes are typically made with a series of perforations or scores that allow the box to be easily adjusted to different depths. For example, a box with a height of 10 inches might have perforations at 2-inch intervals, allowing it to be adjusted to a depth of 2 inches, 4 inches, 6 inches, 8 inches, or 10 inches, depending on the specific needs of the user. The advantages of using multi-depth corrugated boxes include reduced inventory costs, improved packing efficiency, and better use of storage space. By using a single box that can be adjusted to different depths, businesses can reduce the number of different box sizes they need to stock and simp...
Read more

Acid Pickling Roll Market Growth Accelerated by Adoption of Anti-Rust Acid Pickle Rolls

Image
  Acid pickle rolls help remove scale, rust or oxide films from metallic surfaces and accurately prepare them for subsequent processing such as coating or plating to improve corrosion resistance. The demand for acid pickling rolls have increased in various end-use industries such as automotive, oil & gas, marine, energy, and general engineering to enhance product durability. The global Acid Pickling Roll Market is estimated to be valued at US$ 1,167 Mn in 2023 and is expected to exhibit a CAGR of 3.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The growing adoption of anti-rust acid pickling rolls to increase product lifespan across various corrosion prone industrial applications has accelerated the growth of the acid pickling roll market. Acid pickling rolls equipped with advanced rust removal properties efficiently prepare metallic surfaces and ensure long term corrosion protection. Major mar...
Read more