The frozen food market includes the market estimation for the sale of frozen meat products, fish/seafood, potato products, pizza, bakery products, ready meals, vegetables, fruit and frozen desserts. One of the primary purposes for frozen foods is to prolong foods shelf-life. The industry is producing stable and consistent levels of low growth however the growth is expected to experience a strong demand through the end of the study period.
Product segment is divided into Ready Meals, Bakery Products, Meat Products, Seafood, Pizza, Potato Products, and others. Of which, frozen ready meals are considered to be the largest industry segment, captured more than 23% of the global market value. Frozen bakery products have generated lowest revenue compared to another product segment. Preference of conventional and fresh backed products among customers has pulled back the growth of this segment. Hypermarkets, Independent Retailers, Convenience Stores, and others segments are categorized under distribution channel. Hypermarkets can make a large product purchase and thus enable to negotiate on price with manufacturers which provide a strong platform for the growth of this segment.
Global Frozen Food Market, by Product, 2017 (Value%)
Regions such as North America, Europe, Asia Pacific and Rest of the World are studied in detail. Europe recorded highest industry revenue, captured 37.8% share of the overall market value in 2017. North American countries such as the U.S. and Canada is likely to grow with a significant growth rate over the forecast period. Rising number of people preferring ready-to-eat foods due to busy lifestyles of the working class coupled with easy availability of these products drive the industry growth in developed regions. Furthermore, the industry demands high capital investment establish a warehouse and create an efficient distribution channel while developing frozen food manufacturing. This fact would, in turn, limit the growth of this industry in Asia Pacific region.
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Key Vendor Takeaway
The industry demonstrates a highly fragmented and competitive structure owing to the presence of numerous players. No company in the industry exert significant influence. Nestle emerged as the leading player in the global frozen food industry, captured around 7.0% share of the markets value. Also, key players such as Permira, Berkshire Hathaway, and ConAgra Foods are profiled in detail.
These companies are engaged in the manufacturing, processing, and wholesale of frozen foods as players. Frozen food products are largely undifferentiated, making it more difficult for market players to retain buyers, and forcing them to compete through pricing and end-user brand loyalty, thus forcing buyers to purchase what the consumer wants.
The market size and forecast for each segment and sub-segments has been considered as below:
Traders, Distributors, and Suppliers Manufacturers Hospitals Government and Regional Agencies and Research Organizations Consultants Distributors
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SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCT
Ready Meals Bakery Products Meat Products Seafood Pizza Potato Products Others MARKET, BY DISTRIBUTION CHANNEL
Hypermarkets Independent Retailers Convenience Stores Others MARKET, BY REGION
North America U.S. Canada Europe Germany France Rest of Europe Asia Pacific India China Rest of APAC Rest of the World Middle East and Africa Latin America
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