Persistence Market Research is released new forthcoming report on title "Frozen Food Market: Global Industry Analysis and Forecast to 2020".
New York, NY -- (SBWIRE) -- 10/22/2014 -- Freezing food for better preservation is used since ages. Previously farmers, fishermen and trappers use to preserve their food produce in an unheated building during the winter season. In recent time freezing is widely used technology for preserving food products for future use. Freezing allows consumer to preserves food products from the time it is prepared to the time it is eaten. Freezing slows down the decomposition of bacterial species by turning residual moisture into ice. The process doesn’t allow the oxygen to get in contact with the food produce, enabling the bacterial growth and protect food from getting spoilage.
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Mechanical and cryogenic freezing processes are the two majorly used freezing process used by food industry. In case of mechanical process smaller ice crystals are used to preserve the food produce. On the other hand, Cryogenic freezing is the quickest freezing process in which ultra low temperature liquid nitrogen (-196 °C) is used to preserve the food products. Increasing investment in food industry paired with innovative technology has made cryogenic freezing process most reliable freezing process in current scenario. Frozen food products are free of added preservatives because microorganisms do not grow when the temperature of the food is below -9.5°C.
Frozen foods have become an important part of modern diet. Freezing allows consumers to have access to foods which were either unavailable or available only during particular season. Global frozen food market is bifurcated into six major product categories frozen ready meal, frozen fish or seafood, frozen meat, frozen pizza, frozen potato products and frozen bakery products. In terms of market size, frozen ready meal dominated the global frozen food market. It is followed by frozen meat and frozen fish products. Frozen pizza product is expected to witness highest growth in coming future due to increasing domestic consumption in the European countries such as, Germany and France.
Europe has the largest market share for frozen food, followed by North America and Asia-Pacific. Demand for frozen food in the Asia-Pacific market is expected to witness highest growth in coming future due to increasing domestic consumption in the developing countries such as India. The U.S. is the largest consumer of frozen food products and is expected to maintain its dominance in the coming future.
Busy lifestyles coupled with increasing number of working women and availability of a wide range of frozen food products in different categories are the factors driving the growth of global frozen food market. Additionally, changing consumer purchasing pattern with increasing disposable income is expected to provide ample growth opportunity for global frozen food market in coming future.
According to the National Bureau of Statistics China, annual per capita disposable income of urban households in China increased from USD 2,271.0 in 2008 to USD 3408.5 in 2012. The overall annual disposable income in India increased from USD 1,366.2 billion in 2010 to USD 1,587.6 billion in 2013. In the U.S. the medium household income increased to USD 51,371 in 2012 from USD 51,324 in 2011. Also, increasing urban population might demand for better ready-to-eat food products providing ample growth opportunity for global frozen food market.
Global frozen food market is highly fragmented with many multinationals operating in this market. Some of the major companies operating in the global frozen food market are Nestle S.A., H.J. Heinz Company, ConAgra Foods, Inc., Unilever Plc, Ajinomoto Co., Inc., Kraft Foods Group, Inc., General Mills, Inc., Pinnacle Foods Inc., Tyson Foods, Inc. and Maple Leaf Foods Inc.
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