According to Technavio’s latest market research study, the global frozen food market is expected to grow at a CAGR of more than 6% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global frozen food market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product type
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The top three revenue contributing product segments are discussed below
Global frozen ready-to-eat meals market: The rapid growth of the global frozen ready-to-eat meals market is attributable to the rise in the number of single-person households, growing working women population, and desire for convenience. Frozen pizza is the most popular ready meal in the market as pizzas are a popular fast food item and availability of the same in ready form makes it even more favorable for the consumers. Some of the popular brands for frozen ready-to-eat meals are DiGiorno, Stouffer’s, Healthy Choice, Weight Watchers, and Banquet.
“Geographically, the Americas is the leader in the consumption of frozen ready-to-eat products, and frozen pizza is one of the most favored types of frozen ready-to-eat meals. Other frozen ready-to-eat meals include Indian-style chicken curry, beef lasagna, chicken korma, Chinese chicken curry, creamy butter chicken, and Singapore noodles,” says Manjunath Reddy, a lead analyst at Technavio for research on food.
Global frozen meat and poultry market: Packaging is the key element in the frozen meat category as consumers tend to read labels for the ingredients used for safety purposes. Furthermore, the easy availability of food items in convenience stores and supermarkets in vast varieties is adding value to these products. Popular frozen meat and poultry products are frozen beef, frozen duck, frozen turkey, frozen chicken, frozen bacon, and frozen gammon.
Global frozen fish and seafood market: The growth of the global market for frozen fish and seafood is driven by factors such as an increase in the number of working women, changes in purchasing patterns of consumers, busy lifestyles, and the availability of a wide range of frozen fish products. Improvement of refrigeration in the commercial and industrial scenario is also expected to facilitate growth of the market. Europe is the largest market for frozen fish and seafood with the UK, Denmark, France, Germany, Ireland, Italy, the Netherlands, Poland, Spain, and Sweden.
The top vendors operating in the global frozen food market are:
- Amy’s Kitchen
- Conagra Brands
- McCain Foods
- Tyson Foods
Other prominent vendors in the market include Ajinomoto Windsor, General Mills, Greencore, Kraft Heinz, Hormel Foods, Iceland Foods, Nomad Foods Europe, Nestlé, FINDUS, The Hain Celestial, The Schwan Food Company, and 2 Sisters Food.
A more detailed analysis is available in the Technavio report titled, ‘Global Frozen Food Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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