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SOURCE Research and Markets
DUBLIN, Ireland, February 22, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/cxq32c/frozen_food) has announced the addition of the "Frozen Food Market - Global Industry Analysis, Size, Share, Growth, Trends & Forecast to 2019" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
The increasing number of women in the workforce, changes in consumer purchasing patterns, busy lifestyles and the availability of a wide range of frozen products in different categories are the factors leading to the growth of the frozen food market. It is widely considered to be the next generation of convenient ready foods. The basic raw materials used in the production of frozen food include chicken, fish, pizza, beans and others. Raw material distributors and suppliers such as Cargill Inc., Ingredion Inc. and others supply various raw materials and ingredients according to the precise need to the manufacturers of frozen food according to the standard established during product testing. The global frozen food market in terms of revenue was valued at USD 224.74 billion in 2012.
The product segment covers various frozen food categories such as frozen ready meals, frozen fish/seafood, frozen potatoes, frozen fruits and vegetables and frozen soup. The frozen ready meal segment includes wide range of products such as frozen pizza, desserts, entrees and snacks etc. The frozen ready meals market is estimated to grow at a CAGR of 3.9% from 2013 to 2019. Frozen potatoes occupied a very small share in the market and are expected to increase their market share in future due to expanding range of applications for frozen potatoes. Frozen vegetables and fruits are considered the product for the next generation due to advancement in freezing technologies which provide products with an extended shelf life, therefore it is expected to increase its market share by 2019.
In 2012, Europe was the market leader in the frozen food market and accounted for more than 35% of the share. The Europe frozen food market in terms of revenue is expected to grow at a CAGR of 3.8% from 2013 to 2019. In Europe, Germany is the biggest consumer of frozen food and accounted for more than 15% share in the market. In the future, Asia Pacific is expected to be the most promising market occupying 24.8% of the market with economies such as India and China being the chief contributors. But, RoW is expected to witness the highest growth rate due to emergence of Brazil and Argentina as the new market for frozen food. While, the North America market is expected to grow at moderate growth rate in the future.
Key Topics Covered:
2 Executive Summary
3 Frozen Food - Industry Analysis
4 Frozen Food - Product segment analysis
5 Frozen food - Regional analysis
6 Company Profiles
For more information visit http://www.researchandmarkets.com/research/cxq32c/frozen_food
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