Frozen Food Market to Witness 4.8% CAGR Boom Through 2024-30 – Latest MarkNtel Advisors Report
Market Overview: Global Frozen Food Market
MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Frozen Food Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
Frozen Food Market Insights 2024-30
The Global Frozen Food Market is projected to grow at around 4.8% CAGR during the forecast period, i.e., 2024-30.
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Top Players in the Frozen Food Market:
- Ajinomoto Foods
- Conagra Brands Inc.
- Frosta AG (Frosta)
- General Mills Inc.
- Grupo Bimbo
- Heinz Frozen Food Company
- Lantmannen Unibake
- McCain Foods Limited
- Nestle SA
- Nomad Foods Ltd
- The Kellogg Company
- Tyson Foods
- Unilever PLC
- Wawona Frozen Food
- Others
Segmentation Analysis of Frozen Food Market
Frozen Food Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
-By Product Type
- Fruits & Vegetables
- Dairy
- Meat & Seafood
- Snacks & Bakery
- Desserts
Here, Frozen Meat & Seafood is anticipated to dominate the global market with the largest share in the coming years, principally due to the increasing food requirements of the exponentially rising population & growing demand for protein-rich & high nutrition food. Besides, the growing number of working men & women with minimal or no time for meal preparation is also propelling the demand for frozen meat & seafood.
Moreover, growing consumer awareness about the significance & health benefits of frozen meat & seafood are other crucial aspects augmenting the growth of the global market. Furthermore, the swift expansion of the food & beverage and tourism sectors is another prominent factor projected to promote the demand for frozen meat & seafood globally, mainly due to the never-ending urge of tourists to try new cuisines & international products.
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-By Category
- Ready-to-Eat
- Ready-to-Cook
- Others
-By Distribution Channel
- Hypermarkets & Supermarkets
- Specialty Stores
- Convenience Stores
- Online Channels
- Others
-By Freezing Technique
- Individual Quick Freezing (IQF)
- Blast Freezing
- Belt Freezing
- Others
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A Comprehensive Geographical Analysis:
-By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Amongst all regions globally, Europe is anticipated to dominate the Frozen Food Market with the largest share during 2024-30. It owes principally to the swiftly improving & stabilizing economies of different countries across the region, coupled with increasing disposable income & changing food preferences of people, i.e., portraying their mounting inclination toward frozen food.
Besides, the growing number of vegan food consumers across Europe is also boosting the demand for frozen fruits & vegetables and augmenting the regional market growth. Moreover, since the region has the massive tourism sector, it is an opportunity area for food manufacturers to offer different varieties of frozen food to tourists, which, in turn, would accelerate the overall market growth in the years to come.
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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
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