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The frozen food market is estimated at USD 219.9 billion in 2018 and projected to grow at a CAGR of 5.1%, to reach USD 282.5 billion by 2023. The retail food industry has witnessed significant growth over the past few years, globally. Development of retail channels in the form of supermarkets, hypermarkets, and convenience stores has driven the growth of the frozen food market.Download Free PDF Brochure Now on Frozen Food Market Report Now at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1933887 .
The report segments the frozen food market on the basis of product, type, consumption, distribution channel and region. In terms of insights, this report has focused on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss views on the emerging & high-growth segments of the global frozen food, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
The food service industry uses frozen food items on a regular basis to save time in cooking; this reduces the time taken by the food item to reach the customers’ table. These large food chains form an important growing outlet for frozen food products, owing to the latest trend of on-the-go consumption.
#Table of Content
1 Introduction
2 Research Methodologies
3 Executive Summaries
4 Premium Insights
5 Market Overview
6 Frozen Food Market, By Product
7 Frozen Food Market, By Type
8 Frozen Food Market, By Consumption
9 Frozen Food Market, By Distribution Channel
10 Frozen Food Market, By Region
11 Competitive Landscapes
12 Company Profiles
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Food service segment is estimated to account for largest share in frozen food market in 2018. Food service industry includes restaurants, QSRs (quick service restaurants), pubs, hotels, and healthcare. Among these, QSRs dominate the food service industry in the frozen food market due to the high contribution of QSR chains such as McDonald’s, Starbucks, Subway, Burger King, Pizza Hut, KFC, and Dominoes, with their high number of outlets across the world.
Key players in frozen food market include General Mills Inc (US), Conagra Brands, Inc. (US), Grupo Bimbo S.A.B. de C.V. (Mexico), Nestle SA (Switzerland), Unilever (the Netherlands), Kellogg Company (US), McCain Foods Limited (Canada), Kraft Heinz Company (US), Associated British Foods plc (UK), Ajinomoto (Japan), Vandemoortele NV (Belgium), Lantmannen Unibake International (Denmark).
Break-up of Primaries:
• By Company Type: Tier 1 – 42%, Tier 2 – 35%, and Tier 3 – 23%
• By Designation: C Level – 42%, D Level – 36% and Others* - 22%
• By Region: Europe–35%, North America– 28%, Asia Pacific – 22%, Middle East & Africa -10%,and South America –5%
Download Complete Report Now at Frozen Food Market Report https://www.reportsnreports.com/purchase.aspx?name=1933887 .
The report segments the frozen food market on the basis of product, type, consumption, distribution channel and region. In terms of insights, this report has focused on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss views on the emerging & high-growth segments of the global frozen food, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
These players are focusing on improving their presence by undertaking acquisitions, expansions, and developing products specific to the requirements of consumers and their preferences. These companies have a strong presence in Europe and North America. They have also set up manufacturing facilities in various regions and have strong distribution networks.
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Release ID: 491441