Frozen Food Market Evolving Technology, Trends and Industry Analysis by Top Key Players (Birds Eye Foods, Inc. , Aryzta A.G. ,Ajinomoto Co., Inc. , Bellisio Foods, Inc. , Kraft Foods Group Inc.) Future Prospects 2019 – 2023

pinku50 (-2)(1)in #frozen • 6 years ago

GLOBAL FROZEN FOOD MARKET was valued at USD 140.14 Billion in the year 2017. Global Frozen Food Market is further estimated to grow at a CAGR of 4.91% from 2018 to 2023. Europe region holds the highest market share in 2017 followed by North America while Asia-Pacific is considered as the fastest growing market in the estimated period with convenience as a major driving factor. The U.S. is the major market in 2017 at country level and it is further anticipated to grow at a steady pace in the next 5 years. The growth factors are rising consumption and demand of ready to eat food.

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Key Market Players

Birds Eye Foods, Inc. (U.S)
Aryzta A.G. (Switzerland)
Ajinomoto Co., Inc. (Japan)
Bellisio Foods, Inc. (U.S)
Kraft Foods Group Inc. (U.S)
Cargill Incorporated (U.S)
JBS S.A. (Brazil)
Kellogg Company (U.S)
Nestle S.A. (Switzerland)
General Mills Inc. (U.S)

Drivers

Safe and Preservative free food

No risk of food poisoning

Restraints

An excess amount of added sodium

Artificially prepared.

Opportunity

Technology and Automation

Relaxation in Government Regulations.

A boom for Private Label frozen products

Challenges

Lack of innovations

Increasing Number of Unorganized Sector

By product, frozen ready meals segment hold the highest market share among all other frozen products in 2017 with frozen vegetables & fruits estimated to grow at highest CAGR in near future. On the other hand, Foodservice Industry segment by end users types for this market is expected to grow at the highest CAGR during the year 2018-2023.

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Birds Eye Foods, Inc. (U.S), Cargill Incorporated (U.S), Aryzta A.G. (Switzerland), Ajinomoto Co., Inc. (Japan), Bellisio Foods, Inc. (U.S), Kraft Foods Group Inc. (U.S) are some of the key players in the Global Frozen Food Market. Acquisitions and new product development are their key business strategy to gain market share.

Key Benefits for Stakeholders

Frozen food Manufacturers, Distributors, and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

Restaurants, food sector investors.

By Product Type

Frozen Ready Meals

Fast- Food

Bakery & Desert

Frozen meat & poultry

Frozen seafood

Frozen vegetables & fruits

Frozen potatoes

Frozen Soups

By End Users

Foodservice Industry

Hotels, restaurants, and caterers

Retail Customers

Research Methodology:

Huddle Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. HMI offers the most precise evaluations and projection for the market numbers. HMI engages following Market Engineering techniques?

Raw Market Data is collected and compared with the Existing in-house Data on a broad front.

Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.

To avoid bias, we filter the collected data collected from authenticated sources.

HMI has a well proven Statistical Modeling System for estimates and forecasts.

Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.

Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.

Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

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