Frozen Food Market: Global Study on Frozen Food: Frozen Ready Meals to be the Largest Segment by 2020
Persistence Market Research
Global Market Study on Frozen Food: Frozen Ready Meals to be the Largest Segment by 2020: Persistence Market Research
Persistence Market Research
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Frozen Food Market: Global Study on Frozen Food: Frozen Ready Meals to be the Largest Segment by 2020 Persistence Market Research Released New Market Report “Global Market Study on Frozen Food: Frozen Ready Meals to be the Largest Segment by 2020” the global Frozen Food market was valued at USD 122.1 billion in 2013 and is expected to grow at a CAGR of 3.6% from 2014 to 2020, to reach an estimated value of USD 156.4 billion in 2020.
Busy life schedule is influencing consumers to shift their dietary preferences towards ready-to-eat food products. Hence, frozen foods have become an important part of modern diet. Freezing or refrigeration allows consumers to have access to foods which were either unavailable or available only during particular season. Also, freezing helps the consumers to preserve their food products for future use. Availability of wide range of frozen food products in different food categories is the factor driving the global frozen food market. Other driving factors are changing customer purchasing pattern and increasing urban population. Additionally, increasing number of working women is driving the global frozen food market. Majority of working women in the western countries don’t cook food at home. According to U.S. Department of Labor in 2013, there were 127.1 million working women in the U.S. which is expected to reach 202.0 million by 2022.
Europe has the largest market share for frozen food, followed by North America and Asia Pacific. In Asia Pacific, economic developments paired with increasing urbanization and disposable income are some factors driving the frozen food market in the Asia-Pacific region. Owing to these factors, Asia Pacific is expected to witness highest growth in the forecasted period.
Global frozen food market grew from USD 1,11,400.0 million in 2010 to USD 1,22,084.6 million in 2013 at a CAGR of 3.1% in value terms. Under regional segment, the European frozen food market (largest market in 2013) increased by 2.8% CAGR during 2010-2013. The Asia-Pacific frozen food market is expected to show highest CAGR growth of 6.0% during 2014-2020 to reach USD 46,014.4 million in 2020.
Under product segments, frozen ready meals market (largest market in 2013) increased by 3.3% CAGR during 2010-2013. In terms of volume, the frozen ready meals market increased to reach 6,205.2 million kg in 2013.
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Frozen Food Market: Global Study on Frozen Food: Frozen Ready Meals to be the Largest Segment by 2020 The global Frozen food market is highly fragmented, with the top four companies holding 19% market share. Nestle and H.J. Heinz Company are among some of the major companies operating at the global scale. The lower market share of H.J. Heinz Company can majorly attributed to its less number of product offering compared to Nestle. BRF SA (Brazil) and Mother Dairy Fruit & Vegetable Pvt. Ltd. (India) are some of the companies operating at regional level and dominating the market.
Browse the full Global Market Study on Frozen Food: Frozen Ready Meals to be the Largest Segment by 2020 report at http://www.persistencemarketresearch.com/market-research/frozenfood-market.asp
Market History: Availability of wide range of frozen food products in different food categories is the factor driving the global frozen food market. Busy life schedule is influencing consumers to shift their dietary preferences towards ready-to-eat food products. Hence, frozen foods have become an important part of modern diet. Freezing or refrigeration allows consumers to have access to foods which were either unavailable or available only during particular season. Also, freezing helps the consumers to preserve their food products for future use. Other driving factors are changing customer purchasing pattern and increasing urban population. Additionally, increasing number of working women is driving the global frozen food market. Majority of working women in the western countries don’t cook food at home. According to U.S. Department of Labor in 2013, there were 127.1 million working women in the U.S. which is expected to reach 202.0 million by 2022. Europe has the largest market share for frozen food, followed by North America and Asia Pacific. In Asia Pacific, economic developments paired with increasing urbanization and disposable income are some factors driving the frozen food market in the Asia-Pacific region. Owing t this factor, Asia Pacific is expected to witness highest growth in the forecasted period. The frozen food market is bifurcated into products (frozen ready meals, frozen fish/seafood, frozen meat products, frozen pizza, frozen potato products and frozen bakery products) by value (USD million) and by volume (million kg). Global frozen food market grew from USD 1, 11,400.0 million in 2010 to USD 1, 22,084.6 million in 2013 at a CAGR of 3.1% in value terms.
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Frozen Food Market: Global Study on Frozen Food: Frozen Ready Meals to be the Largest Segment by 2020 Under regional segment, the European frozen food market (largest market in 2013) increased by 2.8% CAGR during 2010-2013 to reach USD 44,683.0 million in 2013. The Asia-Pacific frozen food market is expected to show highest CAGR growth of 6.0% during 2014-2020. Under product segments, frozen ready meals market (largest market in 2013) increased by 3.3% CAGR during 2010-2013 to reach USD 29,361.3 million in 2013 in value term. In terms of volume, the frozen ready meals market increased by 2.5% CAGR during 2010-2013 to reach 6,205.2 million kg in 2013. The global Frozen food market is highly fragmented, with the top four companies holding 19% market share. Nestle and H.J. Heinz Company are some of the major companies operating at the global scale. BRF SA (Brazil) and Mother Dairy Fruit & Vegetable Pvt. Ltd. (India) are some of the companies operating at regional level and dominating the market.
Table of Content Chapter 1 Preface 12 1.1 Report Description 12 1.1.1 Segments covered in the report 12 1.2 Research Methodology 13 Chapter 2 Market Synopsis 14 Chapter 3 Porters Five Forces Analysis 18 3.1 Bargaining Power of Suppliers 18 3.2 Bargaining Power of Buyers 19 3.3 Threat of New Entrants 19 3.4 Threat of Substitutes 19 3.5 Rivalry Among Competitors 20 Chapter 4 Industry Overview 21 4.1 Introduction 21 4.2 Market Drivers 21
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Frozen Food Market: Global Study on Frozen Food: Frozen Ready Meals to be the Largest Segment by 2020 4.2.1 Busy lifestyle coupled with increasing number of working women is driving the frozen food market 21 4.2.2 Changing consumer purchasing pattern is increasing the demand for frozen food items 22 4.2.3 Increasing urban population in developing countries is expected to increase the demand in the long run 23 4.2.4 Convenience, and easy availability of seasonal food are driving the market 23 4.2.5 Impact analysis of growth drivers 24 4.3 Market Restraints 24 4.3.1 Consumer’s perception of frozen food 24 4.3.2 Local brands may hinder international brands from entering the market 25 4.3.3 Impact analysis of market restraints 25 4.4 Opportunities 26 4.4.1 Lower penetration in Asian countries 26 4.5 Market Trends 26 4.5.1 Increasing influence of western culture on food habits in developing nations 26 4.5.2 Increasing number of single household family 26 Chapter 5 Market Size and Forecast by Products 28 5.1 Frozen ready meals 30 5.2 Frozen fish/seafood 31 5.3 Frozen meat products 32 5.4 Frozen pizza 33 5.5 Frozen potato products 34 5.6 Frozen bakery products 35 Chapter 6 Market Size and Forecast by Geography 37 6.1 North America 38 6.1.1 The U.S. 42 6.1.1.1 Market Overview 42 6.1.1.2 Market share by company 45 6.1.1.3 Market share by distribution channel 45
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Frozen Food Market: Global Study on Frozen Food: Frozen Ready Meals to be the Largest Segment by 2020 6.1.2 Canada 46 6.1.2.1 Market Overview 46 6.1.2.2 Market Share by company 49 6.1.2.3 Market share by distribution channel 49 6.2 Europe 50 6.2.1 France 54 6.2.1.1 Market Overview 54 6.2.1.2 Market Share by company 57 6.2.1.3 Market share by distribution channel 57 6.2.2 Germany 58 6.2.2.1 Market Overview 58 6.2.2.2 Market Share by company 60 6.2.2.3 Market share by distribution channel 61 6.2.3 Italy 62 6.2.3.1 Market Overview 62 6.2.3.2 Market Share by company 65 6.2.3.3 Market share by distribution channel 65 6.2.4 The U.K. 66 6.2.4.1 Market Overview 66 6.2.4.2 Market Share by company 68 6.2.4.3 Market share by distribution channel 69 6.2.5 Spain 70 6.2.5.1 Market Overview 70 6.2.5.2 Market Share by company 72 6.2.5.3 Market share by distribution channel 73 6.3 Asia Pacific 74 6.3.1 China 78 6.3.1.1 Market Overview 78 6.3.1.2 Market Share by company 81 6.3.1.3 Market share by distribution channel 81 6.3.2 India 82 6.3.2.1 Market Overview 82 6.3.2.2 Market Share by company 85 Persistence Market Research
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Frozen Food Market: Global Study on Frozen Food: Frozen Ready Meals to be the Largest Segment by 2020 6.3.2.3 Market share by distribution channel 85 6.3.3 Japan 86 6.3.3.1 Market Overview 86 6.3.3.2 Market Share by company 89 6.3.3.3 Market share by distribution channel 89 6.4 Rest of the World 90 6.4.1 Brazil 90 6.4.1.1 Market Overview 90 6.4.1.2 Market Share by company 93 6.4.1.3 Market share by distribution channel 93 Chapter 7 Competitive Scenario 95 7.1 Global Frozen Food Market Share by Company 95 7.2 Global Frozen Food Market Share by Distribution Channel 96 Chapter 8 Company Profiles 97 8.1 NestlĂŠ S.A. 97 8.1.1 Company overview 97 8.1.2 Products and services 97 8.1.3 Financial performance 98 8.1.4 Recent developments 98 8.2 Ajinomoto Co., Inc. 100 8.2.1 Company overview 100 8.2.2 Products and services 100 8.2.3 Financial performance 101 8.2.4 Recent developments 101 8.3 Kraft Foods Group, Inc. 102 8.3.1 Company overview 102 8.3.2 Products and services 102 8.3.3 Financial performance 103 8.3.4 Recent Developments 103 8.4 ConAgra Foods, Inc. 105 8.4.1 Company overview 105 Persistence Market Research
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Frozen Food Market: Global Study on Frozen Food: Frozen Ready Meals to be the Largest Segment by 2020 8.4.2 Products and services 105 8.4.3 Financial performance 105 8.4.4 Recent developments 106 8.5 General Mills, Inc. 108 8.5.1 Company overview 108 8.5.2 Products and services 108 8.5.3 Financial performance 109 8.5.4 Recent developments 109 8.6 H. J. Heinz Company 110 8.6.1 Company overview 110 8.6.2 Products and services 110 8.6.3 Financial performances 110 8.6.4 Recent developments 111 8.7 Tyson Foods, Inc. 112 8.7.1 Company overview 112 8.7.2 Products and services 112 8.7.3 Financial performances 113 8.7.4 Recent developments 114 8.8 Unilever Plc 115 8.8.1 Company overview 115 8.8.2 Products and services 115 8.8.3 Financial performance 115 8.8.4 Recent developments 116 8.9 Maple Leaf Foods, Inc. 117 8.9.1 Company overview 117 8.9.2 Products and services 117 8.9.3 Financial performance 118 8.9.4 Recent developments 118 8.10 Pinnacle Foods, Inc. 119 8.10.1 Company overview 119 8.10.2 Products and services 119 8.10.3 Financial performance 120 8.10.4 Recent developments 120 Persistence Market Research
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Frozen Food Market: Global Study on Frozen Food: Frozen Ready Meals to be the Largest Segment by 2020
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