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 awaren...