Frozen Processed Food (Frozen Bakery Products, Frozen Desserts, Frozen Meat Substitutes, Frozen Processed Fish/Seafood Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021
Albany, NY -- (SBWIRE) -- 12/11/2015 -- The report, based on the qualitative and quantitative analysis of the market data obtained through in-depth primary and secondary research methodologies, states that the market will demonstrate a moderate growth over the forecast period. Between 2015 and 2021, the market is projected to expand at a 2.7% CAGR in terms of revenue. At this rate, the market with a valuation of US$57.5 bn in 2014 will reach US$69.1 bn by 2021.In terms of volume, the consumption of frozen processed foods on a global level is expected to rise from 245980.4 thousand tons in 2014 to 384881.1 thousand tons by 2021, at a 6.35% CAGR.
Browse the full Frozen Processed Food Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021 report at http://www.transparencymarketresearch.com/frozen-processed-food-market.html
The report credits factors such as the rising level of acceptance of frozen processed food products as a healthy alternative to ready-to-eat food products and vast frozen processed food options available in low-fat and low-calorie categories behind the rising popularity of frozen processed foods. Busy lifestyles, rising urbanization, and increased disposable incomes are propelling demand for frozen processed foods across the entire globe. However, certain factors such as meat adulteration incidents in the past have put the market in a negative light across certain regional markets. Point in case is the horse meat incident of 2013 where horse meat formed a substantial portion of meat sold as beef in several supermarkets in Europe. This incident negatively impacted entire frozen processed food market and limited the growth of the overall market in Europe to a certain extent.
The report segments the market on the basis of two criteria: product type and geography. On the basis of product type, the market is segmented into frozen bakery products, frozen meat substitutes, frozen desserts, frozen processed sea food, frozen processed red meat, and frozen processed poultry.Of these, the segment of frozen processed poultry accounted for the largest share of the market in 2014 in terms of revenue, followed by the segment of frozen processed sea food. Volume-wise, the segment of frozen processed red meat accounted for the largest share of the market in 2014 and is expected to remain the dominant market segment over the report's forecast period as well.
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Of the key regional markets studied in the report, North America is currently the leading regional market for frozen processed foods and is followed by Asia Pacific. Over the report's forecast period, however, Asia Pacific is expected to surpass North America's dominance in the global frozen processed foods market owing to its largely urbanizing and rapidly expanding population.Some of the key vendors operating in the global frozen processed food market are Tyson Foods Inc., Unilever plc, ConAgra Foods Inc, General Mills, and Nestle S.A.
The Market is segmented as:
Global Frozen Processed Food Market by Product Type
- Frozen Bakery Products
- Frozen Desserts
- Frozen Meat Substitutes
- Frozen Processed Fish/Sea Food
- Frozen Processed Poultry
- Frozen Processed Red Meat
Global Frozen Processed Food Market by Geography/ Country
- The U.S.
- Rest of Europe
- Rest of Asia Pacific
Rest of the World (RoW)
- Middle East
- Latin America
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