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Pulished Date February, 2020
ID: 4647
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Frozen Processed Food Market By Product (Frozen Fruits & Vegetables, Frozen Potatoes, Frozen Ready Meals, Frozen Meat, Frozen Fish/Seafood, Frozen Soup, Other Products), By Type (Half-Cooked, Raw Material, Ready-to-eat), By Distribution Type (Retail, Supermarket/Hypermarket, Department Store), and By Region - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2019 - 2024

Pulished: February, 2020
ID: 4647
Pages: 175

Frozen Processed Food Market Value and Growth Analysis:

Frozen Processed Food Market value is anticipated to grow at a 2.70% CAGR from 2018 to 2024 and it is estimated that the global market was valued at 225.4 billion USD in 2018 and is relied upon to achieve USD 285.4 billion by 2024.

Due to the busy lifestyle coupled with changing preferences among consumers towards ready to cook meals due to conveniences and hygiene is anticipated to remain a main driving factor for the overall industry. Compared to the fresh ones, these products contain maximum vitamins and minerals because freezing preserves the products for prolonged periods without any preservatives and deters against any microbial growth that causes food spoilage.

Frozen Processed Foods are prepared from fresh food items by cleaning, grouping and then freezing them in closed containers. These are frozen to a specific temperature to ensure the preservation of the products. Compared to fresh foods, frozen food products are made up of peak vitamins. This is due to the freezing that maintains the products for an extended period without any preservatives and prevents any microbial development that creates food waste.

Recent Developments in Frozen Processed Food Market:

With the chilled beef import allowance from Australia, The Chinese Government has had a positive effect on top-end food services and retail consumers. Food chains such as Pizza Hut, McDonald's and Burger King are involved in the maintenance of an inventory in frozen media that helps to cater for quick food demand and ensure the same accessibility for more extended periods.

MorningStar Farms, the manufacturer of American No.1 veggie burger 1, announced that it would introduce a fresh addition to its strong plant-based portfolio, with the introduction of Incogneato by MorningStar Farms. This new next-generation product line includes the company's first ready-to-cook plant-based burger to be presented in the defrosted meat cabinet and frozen, fully-prepared plant-based Chicken tenders and nuggets, with the help of lending hand by the industry giant, "Kellog's".

Growth Drivers and Restraints of Frozen Processed Food Market:

Frozen processed food items are perceived as a healthy as natural food item among the consumers across the world, more consumers are gradually shifting towards the consumption of frozen processed food in order to maintain a healthier lifestyle is one of the major drivers for the frozen processed food market.

Moreover, due to the rise in health awareness among the consumers, they are looking to reduce the consumption of ready to eat food items, and are shifting towards the consumption of frozen processed food as they are seen as a healthier alternative. Furthermore, the vast product range of frozen processed food products due to product innovation is commenced by the manufacturers operating in the global frozen processed food market is another factor driving the market.

In addition, due to the busy lifestyle of the consumers in the developing regions including Asia Pacific and Middle East, they are looking for the consumption of food items that would address their health requirements and are convenient at the same time. This factor is also fueling the demand for the global processed food market.

  • Increasing consumption of convenience food is driving the frozen processed food market.
  • Emerging nations like China and India will result in huge opportunities for market expansion. The standard of living in these countries has increased quite a lot in the last decade
  • Frozen Processed Foods are available in all the seasons.

Restraints:

  • Problems with preservation of the frozen materials can be a restraint to the Frozen Processed Food Market
  • The increasing preference for fresh and organic food products is a constraining factor for this market.

Detailed Segmentation of the Frozen Processed Food Market:

Industry Segmentation – By Product:

  • Fruits & Vegetables
  • Dairy
  • Meat & Seafood
  • Convenient
  • Ready Meals

Out of these, the convenient and ready meals segment is expected to lead the Frozen Processed Food Market. This is due to the evolving and busy lifestyles of individuals worldwide, which have increased the consumption of frozen food globally. Frozen food export companies have also risen in the latest times owing to the full recognition of these products among customers and the awareness of the brand among developing nations.

Industry Segmentation – By Type:

  • Half-Cooked
  • Raw Material
  • Ready-to-eat

Out of these, the Half-cooked segment held the largest market share in 2019. However, the Ready-to-Eat part is growing at the fastest CAGR and is expected to lead the industry by 2024. Factors such as altering lifestyles and growing working women population are driving the development of ready-to-eat frozen food market worldwide.

Industry Segmentation – By Distribution Type:

  • Retail
  • Supermarket/Hypermarket
  • Department Store

Geographical Segmentation of the Market:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
  • Rest of the world

Regional Growth Analysis of the Market:

North America held the largest share in the frozen processed food market followed by the Asia Pacific but is anticipated to dominate the processed food market in the future. Consumer preference towards hygiene-related frozen products coupled with the new trend of online grocery purchase is expected to have a positive impact on the regional growth over the forecast period.

The Asia Pacific is expected to witness significant growth over the coming years due to swift expansion in fast food outlets in countries such as India, Singapore, Indonesia, Malaysia, and China. Growth in the urbanization coupled with a rise in the disposable income are the key factors in these countries, which have augmented consumer’s preference towards fast food. Emerging economies such as South Africa and Brazil are expected to register the high growth regarding the demand for these products. The emergence of supermarkets and online stores is projected to ensure product availability in these countries.

Europe has been dominating the Frozen Processed Food Market with a 35% revenue share. Customer preference for hygiene frozen products is expected to drive the European frozen foods market. Asia Pacific is anticipated to see significant CAGR development of 5.0 percent over the next five years, owing to the rapid growth of fast food stores in nations such as India, Singapore, Indonesia, Malaysia, and China. Growing urbanization combined with increasing disposable incomes is a critical variable in these nations that have boosted consumer preference for fast food.

The Middle East & Africa is anticipated to see the highest development in the forecast era. Population growth, fast urbanization and increased customer understanding of the advantages of frozen food are primary factors driving demand for frozen food in the region.

Some of the Major Companies Dominating the Frozen Processed Food Market are:

  1. ConAgra Foods, Inc
  2. Nestle S.A.
  3. Tyson Foods Inc.
  4. Unilever plc
  5. BRF S.A.
  6. General Mills Inc
  7. Ajinomoto Co. Inc.
  8. Unilever Plc
  9. Allens, Inc
  10. Heinz
  11. Amy’s Kitchen Inc

Frozen Processed Food Market Research Report Key Highlights:

  • Evaluation of the current stage of market and future implications of the market based on the detailed observation of recent key developments.
  • Address the matter by better understanding the market size estimates through CAGR analysis to forecast the future market.
  • Comprehensive segmentation of the market, a detailed evaluation of the market by further sub-segments.
  • Address Market Drivers, Restraints and providing insights for gaining market share.
  • Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is a result of competitive environment.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 By Product                  

                                5.1.1 Introduction           

                                5.1.2 Fruits & Vegetables             

                                5.1.3 Dairy          

                                5.1.4 Meat and Seafood               

                                5.1.5 Y-o-Y Growth Analysis, By Product

                                5.1.6 Market Attractiveness Analysis, By Product             

                                5.1.7 Market Share Analysis, By Product               

                5.2 By Type                        

                                5.2.1 Introduction           

                                5.2.2 Raw Material          

                                5.2.3 Half Cooked            

                                5.2.4 Ready-to-Eat.        

                                5.2.5 Y-o-Y Growth Analysis, By Type     

                                5.2.6 Market Attractiveness Analysis, By Type   

                                5.2.7 Market Share Analysis, By Type     

                5.3 By Distribution Type               

                                5.3.1 Introduction           

                                5.3.2 Retail         

                                5.3.3 Supermarket/Hypermarket             

                                5.3.4 Department Store

                                5.3.5 Y-o-Y Growth Analysis, By Distribution Type             

                                5.3.6 Market Attractiveness Analysis, By Distribution Type           

                                5.3.7 Market Share Analysis, By Distribution Type            

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Product

                                                6.1.3.3 By Type

                                                6.1.3.4 By Distribution Type

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product

                                                6.1.4.3 By Type

                                                6.1.4.4 By Distribution Type

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product

                                                6.1.5.3 By Type

                                                6.1.5.4 By Distribution Type

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Green Mills                 

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Congara Brands                        

                8.3 Grupo Bimbo                             

                8.4 S A  B de C V                               

                8.5 Nestle                           

                8.6 Unilever                       

                8.7 kellogs                          

                8.8 Mc CAin Foods Ltd.                 

                8.9 Associated British Foods                       

                8.10 Vandemoortele NV                              

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Product, Type, and Distribution Type, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Frozen Processed Foods Market By Region, From 2019-2025 ( USD Billion )
  2. Global Frozen Processed Foods Market By Product, From 2019-2025 ( USD Billion )
  3. Global Fruits & Vegetables Market By Region, From 2019-2025 ( USD Billion )
  4. Global Dairy Market By Region, From 2019-2025 ( USD Billion )
  5. Global Meat and Seafood Market By Region, From 2019-2025 ( USD Billion )
  6. Global Frozen Processed Foods Market By Type, From 2019-2025 ( USD Billion )
  7. Global Half Cooked Market By Region, From 2019-2025 ( USD Billion )
  8. Global Raw Material Market By Region, From 2019-2025 ( USD Billion )
  9. Global Ready-to-eat Market By Region, From 2019-2025 ( USD Billion )
  10. Global Frozen Processed Foods Market By Distribution, From 2019-2025 ( USD Billion )
  11. Global Retail Market By Region, From 2019-2025 ( USD Billion )
  12. Global Supermarket/Hypermarket Market By Region, From 2019-2025 ( USD Billion )
  13. Global Departmental Store Market By Region, From 2019-2025 ( USD Billion )

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