Frozen foods are foods stored beneath zero
degree temperature for maintaining their moisture content at a solidified
state. This helps frozen food to be preserved for longer time than fresh food. One
of the factors that are contributing towards the expansion of frozen foods
around the world is the shift in consumer lifestyle which is influencing
consumers towards ready to eat food products on account of saving cooking time.
Freezing or refrigeration provides consumers with access to seasonal foods and
also refrigeration facilitates consumers to preserve their food products for
future use. Vegetables and fruits are plucked from farms, frozen and
transported across the globe. Growing number of working women globally, coupled
with hectic routine is also expanding the worldwide demand of frozen food.
The import of frozen chilled beef from
Australia, which was earlier banned, is now allowed by Chinese government. The
increase in frozen food trade is also expected to boost up the global frozen
food market over the next several years. Moreover, food outlets such as Pizza Hut,
McDonalds, Burger King Corporation, and KFC have now started to stock frozen food
products to supply surging fast food demand and ensure food availability for a
longer period. Frozen food saves the time of cooking in addition; frozen food provides
the customers an opportunity to enjoy any regional dish or any seasonal fruits,
vegetables throughout the year.
Based on different product type,
global frozen food market can be segmented as frozen vegetables and fruits,
frozen meat, frozen fish, frozen seafood, frozen soup, frozen potato, frozen
ready meals (such as pizza, potatoes, snacks), and frozen desserts. On the
basis of freezing methods, global frozen food market can be categorized as
contact freezers, air blast freezers, belt freezers and tunnel freezers.
Based on various active packaging
techniques used for the frozen food packaging, global frozen food market can be
categorized as antimicrobials, edible films, oxygen scavengers, time
temperature indicators and moisture control.
Growing demand for convenience among
customers, faster food preparations, avoidance of harmful preservatives, high
demand from emerging countries, increasing usage of refrigeration systems for
industrial and commercial freezing, and availability of regional and seasonal
foods are some factors that are driving the growth of global frozen food
market.
Some of the opportunities for global
frozen food market include growth in freezer space and lower penetration in
Asia-Pacific countries, and rising demand of frozen food prepared with organic
ingredients.
Constant temperature requirements, presence
of large unorganized sector of frozen food, local brands, higher consumption of
energy, consumer’s perception about frozen foods, higher logistics and storage
costs, processing and techniques in under penetrated market and health concerns
are some hindrances that are affecting the global frozen food market.
Among regions, the European region
dominated the global frozen food market followed by North America. In Asia-Pacific,
economic developments along with increasing urbanization and rising disposable
income are some factors driving the frozen food market. Asia-Pacific is
expected to witness the highest growth in the coming years.
Some of the major competitors of
global frozen food market include Nestlé SA, Sadia SA, Unilever PLC, Amy's
Kitchen, Inc., Goya Foods, Inc., Iceland Foods Ltd, The
Schwan Food Company, Maple Leaf Foods Inc., Kraft Food,
Inc., H.J. Heinz Company, McCain Foods Limited, Nichirei Corporation.
About
P&S Market Research
P&S Market Research is a global
market research and consulting company. We provide market research reports,
industry reports, business intelligence and research based consulting services
across a range of industries.
With the help of our professional
corporate relations with various companies, our market research offers the most
accurate market forecasting. Our analysts and consultants interact with leading
companies of the concerned domain to substantiate every single data presented
in our publication. Our research assists
our client in identifying new and different windows of opportunity and frame
informed and customized strategies for expansion in different regions.
Contact:
Abhishek
Executive – Client
Partner
347, 5th Ave. #1402
New York City, NY -
10016
Toll-free:
+1-888-778-7886 (USA/Canada)
Web: https://www.psmarketresearch.com
No comments:
Post a Comment