Kenneth Research, in its repository of market research reports, have recently added a report on Frozen Food Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Frozen Food Market products.
Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10078993
By the end of 2050, the world’s population aged 60 years and above is anticipated to reach 2 billion, states the World Health Organization (WHO), in one of its statistics. Additionally, several manufacturers are increasingly showing interest for manufacturing healthy beverages, which is also anticipated to drive the growth of the market in the coming years.
Global Frozen Food Market was valued at USD 140.14 Billion in the year 2017. Global Frozen Food Market is further estimated to grow at a CAGR of 4.91% from 2018 to 2025 to reach USD 204.2 Billion by the year 2025. Europe region holds the highest Market share in 2017 followed by North America while Asia-Pacific is considered as the fastest growing Market in the estimated period with convenience as a major driving factor. The U.S. is the major Market in 2017 at country level and it is further anticipated to grow at a steady pace in the next 5 years. The growth factors are rising consumption and demand of ready to eat food.
Request Free Sample Copy :-https://www.kennethresearch.com/sample-request-10078993
The major players in Frozen Food Market are Birds Eye Foods Inc., Aryzta A.G., Ajinomoto Co. Inc., Bellisio Foods Inc., Kraft Foods Group Inc., Cargill Incorporated, JBS S.A., Kellogg Company, Nestle S.A., General Mills Inc. and other 13 companies detailed information is provided in research report. Acquisitions and new product development are their key business strategy to gain Market share.
SWOT Analysis of Frozen Food Industry
Strength
Safe and Preservative free food
No risk of food poisoning
Weakness
An excess amount of added sodium
Artificially prepared.
Opportunity
Technology and Automation
Relaxation in Government Regulations.
A boom for Private Label frozen products
Threats
Lack of innovations
Increasing Number of Unorganized Sector
By product, frozen ready meals segment hold the highest Market share among all other frozen products in 2017 with frozen vegetables & fruits estimated to grow at highest CAGR in near future. On the other hand, Foodservice Market segment by end users types for this Market is expected to grow at the highest CAGR during the year 2018-2025.
By End Users
Foodservice Industry
Hotels, restaurants, and caterers
Retail Customers
By Product Type
Frozen Ready Meals
Fast- Food
Bakery & Desert
Frozen meat & poultry
Frozen seafood
Frozen vegetables & fruits
Frozen potatoes
Frozen Soups
Download Sample of This Strategic Report-: https://www.kennethresearch.com/sample-request-10078993
By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
About Kenneth Research
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
Contact Us
Kenneth Research
Email : Sales@kennethresearch.com
Phone: +1 313 462 0609