BANGALORE, India, Aug. 19, 2020 /PRNewswire/ -- Increasing the use of frozen food products by major QSRs (quick-service restaurants), including KFC, McDonald's, Pizza Hut, Subway, and Frozen Potatoes, is the primary driver of the global frozen food market size. Furthermore, the use of these products by numerous end-users such as full-service restaurants, hotels & resorts, and quick-service restaurants is expected to propel the growth of the frozen food market size.
The frozen food market size was valued at USD 291.8 Billion in 2019 and is estimated to reach USD 404.8 Billion by 2027, registering a CAGR of 4.2% from 2020 to 2027.
The frozen food market report provides a quantitative analysis of current trends, estimates, and market size dynamics in the frozen food market from 2019 to 2027 to identify the opportunities that prevail.
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TRENDS INFLUENCING THE FROZEN FOOD MARKET SIZE
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FROZEN FOOD MARKET SHARE ANALYSIS
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FROZEN FOOD MARKET SEGMENTATION
Frozen Food Market by Product Type
Frozen Food Market by User
Frozen Food Market by Geography
Frozen Food Market Companies
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SIMILAR REPORTS :
One of the major factors driving the growth of Frozen Ready Meals Market size is the increase in the per capita income.
However, growing health issues associated with frozen ready meals might hinder the market growth. In addition, heightened cases of obesity and other lifestyle diseases are expected to hamper the market growth. Manufacturers in the Frozen Ready Meals Market are thus focused on producing safer and healthy goods to maintain their market share.
Major factors driving the growth of Frozen Seafood Market size are increasing demand for frozen seafood products, especially from the parts of the world where fresh seafood is inaccessible.
The Frozen Seafood Market report includes a country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by type and application segment in terms of production capacity, price, and revenue for 2015-2026. This report also analyzes the impact of Coronavirus COVID-19 on the Frozen Seafood industry.
In 2019, the global Frozen Potatoes market size was USD 10700 Million, and it is expected to reach USD 17090 Million by the end of 2026, with a CAGR of 6.9% during 2021-2026.
The industry's major producers are McCain Foods, Lamb Weston, and Simplot Foods, with revenue ratios of 21.61%, 18.96%, and 16.10%, respectively, in 2019.
The frozen vegetable market size was valued at USD 26,479.0 Million in 2017 and is expected to garner USD 38,845.7 Million by 2025, registering a CAGR of 5.0% from 2018 to 2025.
Increasing demand and consumption in emerging Asia-Pacific markets such as India and China has fuelled the growth of Frozen Vegetables Market size. Furthermore, the rising disposable income and change in lifestyle & eating preferences are increasing the Frozen Vegetables Market size.
The United States is anticipated to account for a significant portion of the Frozen Fruits Market share during the forecast period.
Asia-Pacific, frozen fruits market, is expected to flourish at a significant rate over the forecast period. Factors such as the increased online purchase of staple food are anticipated to drive the growth of the frozen fruits market over the forecast period.
The Global Frozen Pizza Market size was valued at USD 11,113 Million in 2016 and is projected to reach USD 17,296 Million by 2023, registering a CAGR of 6.4% from 2017 to 2023.
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The global frozen bakery products market size was valued at USD 33,870 Million in 2017 and is projected to reach USD 49,118 Million by 2025, growing at a CAGR of 4.2% from 2018 to 2025.
The APMEA frozen bakery products market size was valued at USD 7,537.1 Million in 2018 and is expected to grow at a CAGR of 5.6% to reach USD 11,560.9 Million in 2026. The bread segment in the APMEA frozen bakery products market was the highest contributor, with USD 2,499.0 Million in 2018, and is estimated to reach USD 3,531.6 Million by 2026, at a CAGR of 4.5% during the forecast period.
The report presents the worldwide Metal Detector for Frozen Food market size (value, production, and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025) by manufacturers, region, type, and application.
The Global frozen food packaging market size is expected to garner USD 47,376 Million by 2023, from USD 33,231 Million in 2016, registering a CAGR of 5.3% from 2017 to 2023.
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