According to IMARC Group’s latest report, titled “Frozen Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global frozen food market grew at a CAGR of around 5% during 2015-2020. Looking forward, IMARC Group expects the global market to continue its moderate growth during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Frozen food products refer to food products frozen at extremely low temperatures for later consumption. These products are frozen by applying the individually quick frozen (IQF) process, which helps to preserve the flavor and retain vitamins, minerals, protein, carbohydrate and fat contents of the food items. Frozen foods are convenient, affordable and help in reducing food wastage. They include a wide range of vegetables, ready-to-eat meals, meat-based products, fruits, edible roots, and seafood.
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A significant rise in the demand for convenient, on-the-go and ready-to-make food products is primarily driving the frozen food market growth. The hectic lifestyles of millennials and the increasing working population worldwide have given rise to the overall consumption of ready-to-eat (RTE) food items, which is supporting the market growth further. Other than this, restaurants and cafes have started using frozen food items to reduce the overall preparation time and offer different dishes with exotic ingredients, which is contributing to the market growth. Moreover, the easy product availability through proliferating online retail channels is creating a positive outlook for the market.
Frozen Food Market 2021-2026 Competitive Analysis and Segmentation:
The competitive landscape of the frozen food market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Key Market Segmentation:
The report has segmented the global frozen food market on the basis of product type, frozen vegetable snacks, frozen meat products, frozen vegetables, frozen fruits and region.
Breakup by Product Type:
Frozen Vegetable Snacks Breakup by Type:
Frozen Meat Products Breakup by Type:
Frozen Vegetables Breakup by Type:
Frozen Fruits Breakup by Type:
Breakup by Region:
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Key highlights of the report:
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