Frozen Processed Food Market Primed for Growth by Increasing Consumer Preference for Convenience Food

 

Frozen processed foods such as frozen pizza, meat products and ready-to-eat meals provide convenience to busy consumers by reducing cooking time. Growing demand for convenience due to changing lifestyles has led to rising consumption of frozen processed foods.

The global Frozen Processed Food Market is estimated to be valued at US$ 167115.0 Mn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increasing preference for convenience food is one of the major factors fueling the growth of the frozen processed food market. Rising number of working women and busy consumer schedules have increased the demand for convenient ready-to-eat food options that save time in cooking. Frozen processed foods meet this demand well as they can be easily prepared or reheated within minutes. Moreover, factors such as increase in disposable income and rising health awareness are also prompting consumers to opt for frozen meals as they are usually lower in calorie, fat and sodium compared to freshly prepared meals. Manufacturers are launching various healthy frozen meal options to cater to this growing demand, which is expected to significantly drive the market growth over the forecast period.

Segment Analysis
The global frozen processed food market is dominated by frozen ready meals segment. The frozen ready meals are convenient to prepare and consume, and has long shelf-life that allows stocking in bulk. This makes frozen ready meals very popular among working professionals and nuclear families with erratic schedules.

Key Takeaways
 The global frozen processed food market is expected to witness high growth. The global Frozen Processed Food Market is estimated to be valued at US$ 167115.0 Mn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030.

Regional analysis:
Europe currently has the highest share in the global frozen processed food market owing to high demand for frozen ready meals and pizza in countries such as Germany, UK, France and Italy. However, Asia Pacific is expected to witness the fastest CAGR during the forecast period. Rapid urbanization, high economic growth rates, rising incomes and expanding organized retail in countries such as China, India and other Southeast Asian countries are expected to propel the demand for frozen processed food in the region.

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. Nestle and General Mills dominate the global frozen food market owing to their diversified product portfolio and international presence.

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. Versatile Ap
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 simplify
Read more

Distributed Generation Market 2023, In-depth Forecast and Size Estimation, Highlights Growth, CAGR Status, and Revenue till 2030

Image
  Distributed generation refers to the generation of electricity from multiple small-scale power sources located near the end-users or within the electricity distribution system, as opposed to relying solely on large centralized power plants. It is also known as decentralized generation or on-site generation. In a traditional electricity system, power is generated at centralized power plants, transmitted over long distances through the transmission grid, and then distributed to consumers through the distribution grid. In a distributed generation system, however, electricity is generated closer to the point of consumption, reducing the need for extensive transmission and distribution infrastructure. Distributed generation can involve various technologies, including: • Solar Photovoltaic (PV) Systems: These systems convert sunlight directly into electricity using solar panels. •Wind Turbines: Small-scale wind turbines can be installed to harness wind energy and generate electricity. • C
Read more