Global Share of US $389.2 Billion, at 4.2% CAGR Expected to Frozen Food Manufacturing Market by 2026: Facts & Factors
[195+ Pages Research Report] According to Facts and Factors market research report, the Global Frozen Food Manufacturing Market size & share revenue is expected to grow from USD 304 Billion in 2020 to reach USD 389.2 Billion by 2026, at 4.2% annual CAGR growth during forecast period of 2021-2026. The top market companies profiles included in report with their sales, revenues and strategies are General Mills Inc, Conagra Brands, Inc., Grupo Bimbo S.A.B. de C.V., Nestle SA, Unilever, Kellogg Company, McCain Foods Limited, Kraft Heinz Company (US), Associated British Foods plc and others.
New York, NY, June 15, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled *“Frozen Food Manufacturing Market By Category Into Ready-To-Eat, Ready-To-Cook, Ready-To-Drink, And Other Frozen Food Types; By Type Into Frozen Fruits And Vegetables, Frozen Meat And Fish, Frozen-Cooked Ready Meals, Frozen Desserts, Frozen Snacks, And Other Applications; By Freezing Technique Into Individual Quick Freezing (IQF), Blast Freezing, Belt Freezing, And Other Freezing Techniques; And By Distribution Channel Into Supermarkets & Hypermarkets, Convenience Stores, Online Channels, And Others: Global & Regional Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2026”*.
“According to the recent research report, the demand of global Frozen Food Manufacturing Market size & share expected to reach to USD 389.2 Billion by 2026 from USD 304 Billion in 2020, at a compound annual growth rate (CAGR) of 4.2% during the forecast period 2021 to 2026”
*Global Frozen Food Manufacturing Market: Overview*
Frozen food is preserved by freezing and storing it before it is cooked. Due to rising consumer demand, it has a significant market. The freezing method preserves the food's original state until it is consumed. There are two types of freezing processes used in this industry: mechanical and cryogenic. The freezing process is necessary to protect the product's quality and outside surface. The food's original cell structure is preserved thanks to the quick freezing. Because it maintains a low fluid nitrogen temperature of roughly -196 degrees Celsius, cryogenic freezing is one of the fastest procedures. The nutritional value of frozen food is one of the reasons for its widespread popularity among customers. This product does not require any further chemicals because microorganisms do not grow at temperatures below 9.5 °C (15 °F), which is sufficient for preventing deterioration. When contrast to packaged meals, there are fewer misconceptions regarding frozen food. Instead of frozen meals, preservatives are found in packaged goods, which are hazardous to one's health. Another common misunderstanding is that freezing removes nutrients, which is modern-day fiction. The freezing process serves to cover the food's outer structure, which helps to keep its nutrients.
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*Industry Major Market Players*
· General Mills Inc
· Conagra Brands Inc.
· Grupo Bimbo S.A.B. de C.V.
· Nestle SA
· Kellogg Company
· McCain Foods Limited
· Kraft Heinz Company (US)
· Associated British Foods plc
· Vandemoortele NV
· Lantmannen Unibake International
· Europastry S.A.
· OOB Organics
· Omar International Pvt Ltd
· Bubba Foods
· Shishi He Deming
· Chevon Agrotech Pvt Ltd
· Omar International Pvt Ltd.
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*Key questions answered in this report:*
· What is the projected market size & growth rate of the Frozen Food Manufacturing Market?
· What are the key driving factors for the growth of the Frozen Food Manufacturing Market?
· What are the top companies operative in Frozen Food Manufacturing Market?
· What segments are covered in Frozen Food Manufacturing Market?
· How can I get free sample report/company profiles of the Frozen Food Manufacturing Market?
The outlook for the frozen food business has never been more promising. With increasing knowledge of food trends, customers are turning to home cooking to prepare fresh, preservative-free meals. They need frozen foods for this, which come in a variety of categories these days, including dairy-free, vegan, gluten-free, sugar-free, low-fat, and so on. The availability of high-quality frozen foods facilitates market expansion and reduces the risk of negative fluctuations. Recent technological advancements have created cryogenic freezing, which eliminates the need for artificial preservatives while retaining little microbial growth.
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On a global scale, the growing relevance of Ready-to-Eat (RTE) food products as a result of hectic lives among working-class individuals are predicted to grow the industry growth in the coming years. Furthermore, rising consumer expenditure on shelf-stable foods is expected to boost the frozen food market shortly. Rising disposable income, the advent of longer shelf-life products, more impulse spending, and high demand for frozen food goods due to a lack of time are all driving the industry. Millennials, unlike previous generations, are willing to try new ideas and invest in them. They also like to choose things that save them time and are simple to use. Frozen foods are growing in popularity because they are easy and ready to eat, which is exactly what millennials want. This generation, which is buried in student debt and underpaid work, relies heavily on the frozen food market to meet its nutritional requirements.
*Global Frozen Food Manufacturing Market: Segmentation*
The Frozen Food Manufacturing Market is segmented based on application, route of administration, and distribution channel:
As per by category into ready-to-eat, ready-to-cook, ready-to-drink, and other frozen food types; by type into frozen fruits and vegetables, frozen meat and fish, frozen-cooked ready meals, frozen desserts, frozen snacks, and other applications; by freezing technique into individual quick freezing (IQF), blast freezing, belt freezing, and other freezing techniques; and by distribution channel into supermarkets & hypermarkets, convenience stores, online channels, and others. Contrary to popular beliefs on millennials being irresponsible buyers, the frozen food market heavily relies on their purchasing trends. Millennials are ready to experiment and invest in novel things, unlike the generation before them. This generation, which drowns in student debts, and underpaying jobs rely majorly on the frozen food market for their nutritional needs and with many lucrative growth opportunities in the coming years.
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*Europe is projected to Dominate Global Frozen Food Manufacturing Market Growth*
The highest market share inside the market was indeed held by Europe. The demand at all for frozen food in the region is being driven by population expansion, rapid urbanization, and increased market knowledge of the whole benefits of frozen food. In 2020, Europe was the most important market, accounting for the largest share. Because it is home to multiple foods and local bakery businesses, Europe has been one of the most lucrative markets for frozen food. Furthermore, these market people are increasingly working to expand their market share through effective research and development and product innovation. In addition, businesses are forming strategic alliances with one another to use each other's strengths and outperform their competitors. Aryzta, for example, has maintained its dominance in the high-end frozen bakery sector thanks to its efficient operational excellence and research and development capabilities.
Browse the full report *“Frozen Food Manufacturing Market By Category Into Ready-To-Eat, Ready-To-Cook, Ready-To-Drink, And Other Frozen Food Types; By Type Into Frozen Fruits And Vegetables, Frozen Meat And Fish, Frozen-Cooked Ready Meals, Frozen Desserts, Frozen Snacks, And Other Applications; By Freezing Technique Into Individual Quick Freezing (IQF), Blast Freezing, Belt Freezing, And Other Freezing Techniques; And By Distribution Channel Into Supermarkets & Hypermarkets, Convenience Stores, Online Channels, And Others: Global & Regional Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2026” *report at* *https://www.fnfresearch.com/frozen-food-manufacturing-market
*The global frozen food manufacturing market is segmented as follows:*
*By Product Type:*
· Frozen fruits and vegetables
· Frozen meat and fish
· Frozen-cooked ready meals
· Frozen desserts
· Frozen snacks
*By Freezing Technique:*
· Individual quick freezing (IQF)
· Blast freezing
· Belt freezing
*By Distribution Channel:*
· Supermarkets & Hypermarkets
· Convenience Stores
· Online Channels
*Key Highlights of this Report:*
· Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
· Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
· Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market
· Market Attractiveness Analysis and Key Investment Opportunity Analysis in the Market going forward
· Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
· Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
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