Frozen Food Market To Reach USD 366.3 Billion By 2026

Market Summary

Increasing awareness about frozen food due to its increased shelf life, convenience in cooking, packaging and carrying, changes in the business strategies of the market players are key factors contributing to high CAGR of industry during forecast period.

Market Size – USD 260.8 Billion in 2018, Market Growth - CAGR of 3.2%, Market Trends – Change is Life Style and increase in availability.

According to the current analysis of Reports and Data, the global Frozen Food market was valued at USD 260.8 Billion in 2018 and is expected to reach USD 366.3 Billion by year 2026, at a CAGR of 3.2%. They are preserved by a process of freezing and storing before cooking. It has a large market due to increased demand from the consumers. The freezing process helps to maintain the food in its original state till it is consumed. In this industry it involves two procedures for freezing, one is mechanical and the other one is cryogenic. The freezing process is required to safeguard the quality and its outer surface. The fast freezing helps to maintain the original cell structure of the food. Cryogenic freezing is one of the fastest process because it maintains the low fluid nitrogen temperature of around -196 degree Celsius.

Market Summary

Further key findings from the report suggest

• Dairy Products is expected to be the fastest growing market segment during forecast period 2019-2026 with a CAGR of 3.5%. However, the sugar and fats content which are not healthy and difficulties faced in removing such content is one of the major challenge for the industry in this segment.

• Others product type segment (that includes frozen potatoes, pizzas, snacks, ready to eat meals) was valued at USD 27.4 billion and is expected reach USD 39.05 billion by 2026

• The sodium content and starch content are found to be in more proportion which might have side effects that may hinder the market during the forecast period.

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Market SummaryKey players Are Nestle, ConAgra Foods Inc., Heinz, Mother Dairy, McCain Foods, Kellogg Company, Unilever, General Mills Inc., Venky’s, and Pinnacle Foods Inc.

Segmentation:For the purpose of this report, Reports and Data has segmented the Frozen Food industry on the basis of processed product type, Product Type, Distribution Channel, End-UseProcessed Product Type (Revenue, USD Billion; 2016–2026)• Frozen Fruits & Vegetables• Frozen Meat & Fish• Frozen Dairy Products• Frozen Soups• Others

Product Type (Revenue, USD Billion; 2016–2026)• Raw Stage• Half-Prepared• Fully-Prepared

End Use (Revenue, USD Billion; 2016–2026)• Retail Customers• Service Providers• Others

Market SummaryDistribution Channel (Revenue, USD Billion; 2016–2026)• Supermarket/Hypermarket• Online Stores• Specialist Retailers• Convenience StoresRegional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)• North America• Europe• Asia Pacific• MEA• Latin America Buy Now: https://www.reportsanddata.com/checkout-form/1972

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