Frozen Food Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
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Frozen Food Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Introduction Report Description The global frozen food market was sized near USD X.X billion in 2016. The global frozen food market is projected to grow with a CAGR of 5.2% during 2017-2023. Frozen food must maintain its integrity throughout filling, sealing, freezing, storage, transportation and often cooking. As many frozen foods are cooked in a microwave oven, manufacturers have developed packaging that can go from freezer to the microwave.Freezing food preserves it from time it is prepared to the time it is eaten.Freezing food slows down decomposition by turning residual moisture into ice, preventing the growth of most bacterial species.The food that can be freezed includes Cream based soups and sauces,Desserts with meringue and icing that include raw egg whites.Most foods will maintain good quality longer if the freezer temperature is -10 to -20°F. At temperatures between 0 and 32°F, food deteriorates more rapidly.Preserving food in domestic kitchens during modern times is achieved using house hold freezers.Freezing is an effective form of food preservation because the pathogens that cause food spoilage are killed or do not grow very rapidly at reduced temperatures. This report estimates the market size of frozen food market in terms of value (USD million) over the period of 2015 to 2023.The year 2015 is considered to be a base year, and 2017 to 2023 is considered to be a forecast period. Moreover, the market sizes for frozen food market in numerous applications are estimated in terms of value. This market research study provides detailed qualitative and quantitative analysis of the global frozen food market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of frozen food market. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific and Rest of the World (RoW). The market size and forecasts are also given for these regions. Countries with major market revenues are covered for each of the region. Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of frozen food market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the global frozen food market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.
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Frozen Food Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Segmentation and Research Scope FROZEN FOOD MARKET SEGMENTATION
FROZEN FOOD MARKET
Product Frozen sea food Frozen Soups Frozen ready meals Frozen vegetables & fruits Frozen meat & poultry
User Retail Customers Hotels, restaurants and caterers
Region
North America Europe Asia Pacific RoW
The report on global Frozen Food Market covers segments such as product and user. The product segments include frozen sea food, frozen soups, frozen ready meals, frozen vegetables & fruits and frozen meat & poultry. On the basis of user the global frozen food market is categorized into retail customers and hotels, restaurants and caterers.
Research Methodology Methodology Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the frozen food market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days.
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Frozen Food Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Research Methodology: An Outline Primary source of the information and data include Industry Experts/consultants Top level executives in the key market players Subject matter experts Academicians and research scholars
PRIMARY RESEARCH
Secondary sources of the information and data include Company annual reports Government/institutional publications Trade and associations journals Databases Websites and publications by research agencies Others
SECONDARY RESEARCH
Research Approaches RESEARCH APPROACHES- BOTTOM UP
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Arriving at Global Market Size
Market Share of Key Players
Key Market Players
Arriving at Regional/Country Market Size © Infinium Global Research
Accumulation of the country level market size (value) Regional market size of frozen food and its product and user
Segment revenue of the key players Country level market size by product and user (value)
Identifying key players in the frozen food market
Accumulation of the regional/country market size (value) Global market size of product and user
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Frozen Food Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Global Market
Market Segments
Determine the Regional Market Size Country Level Market Sizing
Global market size of frozen food market Value for 2017 to 2023
% breakdown by market segments by product and user Value for 2017 and 2023
Regional market size of the frozen food market (value) Regional market size of product and user
Country level market size of the frozen food market in every region (value) Country level market size of product and user
TOP-DOWN APPROACH
The study on global frozen food market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the market estimates are provided in terms of revenue in USD million.Furthermore, the research covers the analysis of the various segments in the global frozen food market. The estimates in the global frozen food market are based on both bottom-up and top-down approaches. In the bottomup approach the revenues of the key players are determined and added to arrive at country or regional markets size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of frozen food market. In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia-Pacific and RoW. The regional market was then divided as per the market share of the productand user.
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Frozen Food Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
IGR- RESEARCH METHOD AND DATA TRIANGULATION
SECONDARY SOURCES
Infinium's Data Bank/ Know How
Top executives of end-use industries Intermediaries
C-level executives in the leading manufacturing products of frozen food. Product managers Sales managers Industry consultants Distributors/Suppliers
Industry Publications Government Agencies' Publications Industry news Data sources Others
Annual Reports Presentations Company Websites Press Releases News Articles Journals Paid Databases
Secondary Research
DATA TRIANGULATION & INFORMATION SOURCES
Company Publication
Supply Side
Primary Research
General Publications
Demand Side
PRIMARY SOURCES
Source: Infinium Global Research Analysis
The market size of frozen foodis determined based on the top down approach. The market size is validated using primary interview with the participants working in some of the leading players in the frozen foodmarket.The primary interview participants typically includes managers and CXO level executives of theleading players in this market. The primary interviews not only help identify the market size of the frozen foodmarket but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the frozen foodmarket. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of frozen food. With the help of primary interviews and secondary research the market size of frozen food is determined for each country studied, which then is added to arrive at regional market size and thereby obtaining global market size. This in turn helps us to validate the market size of frozen food in the world market.
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Executive Summary Global Frozen Food Market Highlights, (USD Million) The global Frozen Food market is expected to grow at a CAGR of 5.2 % between 2017 and 2023 in terms of value. Growing demand and consumption of frozen foods in the developing markets across the Asian countries such as India and China are the primary factors responsible for driving the growth of the frozen food market.Additionally, busy lifestyle among consumers towards ready to cook meals owing to conveniences and hygiene is having positive impact on the growth of the market.However, lack of proper refrigeration facility in retail stores and inadequate distribution facility in urban and rural areas are the factors restraining the growth of the market.Moreover, availability of refrigeration media for commercial and industrial freezing is further expected to benefit the industry © Infinium Global Research
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Frozen Food Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
growth.On the other hand rise in demand for gluten-free products will be one of the major trends that will gain grip in this market over the upcoming years. Among the segment frozen ready meals accounted for the largest contributor in the frozen food market.Increasing in growing working population is expected to have positive growth in the upcoming years. Frozen ready meals products are presumed to witness significant growth owing to their increased popularity on account of hygiene and timely preparation. The leading players in the global frozen food market include Ajinomoto Co. Inc., Aryzta A.G., Cargill Incorporated, Kellogg Company, Flower Foods, General Mills Incorporation, Kraft foods Group Inc., JBS S.A., Nestle S.A., and EUROPASTRY S.A.
Global Frozen Food Market Projection
2015
2016
2017
2018
2019
2020
2021
2022
2023
Value
Frozen food market is expected to experience rapid growth globally. However busy lifestyle among consumers towards ready to cook meals owing to conveniences and hygiene is having positive impact on the growth of the market. The global market size of frozen food in terms of value was USD X.Xbillion in 2015. Global Frozen Food Market CAGR (USD Mn) Growth, By Regions
xxx.x xxx.x
2017 xxx.x
2023
xxx.x xxx.x
xxx.x
2017
2023
Š Infinium Global Research
2017
2023
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Frozen Food Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2017 – 2023. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia and among others. Moreover, European region covers countries such as Germany, UK, France, Spain, and rest of Europe. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2017 - 2023. DRIVERS OF FROZEN FOOD MARKET, IMPACT ANALYSIS
SHORT TERM IMPACT
DRIVERS
MID TERM IMPACT
LONG TERM IMPACT
MID TERM IMPACT
LONG TERM IMPACT
Driver 1 Driver 2 Driver 3
HIGH
MEDIUM
LOW
RESTRAINTS OF FROZEN FOOD MARKET, IMPACT ANALYSIS
SHORT TERM IMPACT
RESTRAINTS Restraint 1
Restraint 2
HIGH
MEDIUM
LOW
IGR- Growth Matrix Analysis Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and Device segment or region based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers
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Frozen Food Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Risky Zone: Low market size and low growth rate. Investment in this segment is risky
Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements
Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the market in these segments.
Opportunity Zone: High growth low market size
Safe Zone: Moderate growth and moderate market size.
IGR- GROWTH MATRIX ANALYSIS Growth Rate
Opportunity Zone
Consolidation Zone
High
Low
Risky Zone
Retention Zone Market Size Low
High North America
Europe
Asia-Pacific
RoW
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/food-beverage/global-frozen-food-market
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Frozen Food Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
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