Global Frozen Food Market Analysis 2022
The Global Frozen Food Market is expected to reach $491.98 billion by 2028 growing at a CAGR of 6.2% from 2021 to 2028. Frozen food is defined as food products that are preserved under low temperature and used over a long period. Frozen foods are those which is preserved by a freezing process and stored in the freezer before cooking. The product market comprises various food products, including ready meals, vegetables & fruits, potatoes, meat & poultry, seafood, and soup.
Factors such as rising demand for convenience food and developments in the retail sector are driving the growth of the market. However, rising preference for fresh and natural food products are restraining the growth of the market.
Based on food form, the convenient & ready meals segment is going to have a lucrative growth during the forecast period which can be attributed to the This is due to the changing and busy lifestyles of people, globally, which has increased the consumption of frozen foods, globally. Frozen foods are easy to prepare and take less time for preparation. They are healthy and have high nutritional value. Frozen food export business has also increased in recent times due to the high acceptance of these products among consumers and brand awareness among developing countries.
The key vendors mentioned are Ajinomoto Co. Inc., Aryzta A.G., Associated British Foods Plc., Cargill Incorporated, ConAgra Brands, Inc., Dr. Oetker, General Mills Inc., JBS S.A., Kellogg Company, McCain Foods Limited, Nestle S.A., Nomad Foods Ltd, the Kraft Heinz Company, Tyson Foods Inc., and Unilever.
Food Forms Covered:
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