Changing Lifestyles Spur Demand for Frozen Processed Food Items
The changing lifestyles of the global population marked with busy schedules are driving the consumption of frozen processed food worldwide. With less time to cook elaborate and nutritious meals, an increasingly high number of consumers are opting for convenient meal options. This trend is especially making a pronounced impact on the revenues of the frozen processed food market in countries such as India, the U.S., China, and the Philippines.
Furthermore, increasing disposable incomes are also contributing toward the growth of this market. Transparency Market Research states that growing number of households with refrigerators in developing countries will also help fuel the demand for frozen processed food items in the near future.
According to the report, the global frozen processed food market will be worth US$69.11 bn by 2021 as compared to US$57.50 bn in 2014, exhibiting a modest CAGR of 2.7% in terms of revenue. The market will also receive an impetus from the introduction of innovative frozen processed food items that cater to the unique needs of the fitness- and health-conscious consumers. Additionally, a thrust on marketing products as healthy and natural will be a game-changing trend for frozen processed food brands.
Cost-effective Products Make Asia Pacific the Leading Regional Segment
The key segments of the global frozen processed food market, by geography, are Europe, North America, Asia Pacific, and Rest of the World. Of these, North America held the leading share in the global market as of 2014 and is expected to be the fastest-growing region in the forecast period. High consumer preference for frozen foods and growing awareness about health frozen food options is driving the North America frozen processed food market.
Asia Pacific is also anticipated to emerging a significant region in the overall market as it is poised to expand at a CAGR of 7.5% between 2015 and 2021. Technological advancements and development of new products within cost-effective price ranges will fuel this regional market in the coming years.
Frozen Processed Poultry Segment to Flourish as Consumers Prefer Lean Meat
The steady demand for frozen processed poultry is expected to keep this segment in the lead in the global market. The consistent demand for various types of frozen chicken sausages, nuggets, shredded chicken, and chicken popcorn will keep the make the frozen processed poultry segment the leading segment during the forecast period. With these drivers, the majority of the consumers are expected to opt for lean meat instead of red meat, enabling the frozen processed poultry segment contribute revenue earnings worth US$9.91 bn by 2021. Introduction of a variety of flavors in lean meats and a wide range of products will also keep the growth of segment positive in the near future.
Some of the leading players in the global frozen processed food market are Tyson Foods Inc., Unilever plc, Nestle S.A., ConAgra Foods, Inc., General Mill, and BRF S.A. These players are focusing on product innovation to deliver items that will suit myriad palates and dietary needs. Companies are also expected to strengthen their retail networks to reach out to a larger audience in the near future.
Frozen Processed Food Market is expected to reach US$69.11 bn by 2021
Frozen Processed Food Market is estimated to rise at a CAGR of 2.7% during forecast period
The consistent demand for various types of frozen chicken sausages, nuggets, shredded chicken, and chicken popcorn is expected to drive the Frozen Processed Food Market
North America is more attractive for vendors in the Frozen Processed Food Market
Key players of Frozen Processed Food Market are Tyson Foods Inc., Unilever plc, Nestle S.A., ConAgra Foods, Inc., General Mill, and BRF S.A.
1. Preface
1.1. Report description
1.2. Research scope
1.3. Research methodology
2. Executive Summary
2.1. Global Frozen Processed Food Market Snapshot
2.2. Global Frozen Processed Food Market Revenue, 2014-2021 (USD million) and Volume, 2014-2021 (‘000 tons)
2.2.1. Market size and forecast, 2014-2021
3. Global Frozen Processed Food Market Overview
3.1. Introduction
3.2. Key Trends Analysis
3.3. Market Drivers
3.3.1. North America
3.3.2. Europe
3.3.3. Asia Pacific
3.3.4. RoW (Rest of the World)
3.4. Market Restraints
3.5. Market Opportunities
3.6. Competitive Landscape
3.6.1. Market Positioning of Key Players, 2014 (%)
3.6.1.1. North America
3.6.1.2. Europe
3.6.1.3. Asia Pacific
3.6.1.4. Rest of the World (RoW)
4. Global Frozen Processed Food Market: By Product Type
4.1. Overview
4.1.1. Global Frozen Processed Food Market Revenue Share (%), by Product Type, 2014 and 2021
4.1.2. Global Frozen Processed Food Market Volume Share (%), by Product Type, 2014 and 2021
4.2. Frozen bakery products
4.2.1. Global Frozen Bakery Products Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
4.3. Frozen desserts
4.3.1. Global Frozen Desserts Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
4.4. Frozen meat substitutes
4.4.1. Global Frozen Meat Substitutes Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
4.5. Frozen processed fish/sea food
4.5.1. Global Frozen Processed Fish/Sea Food Market Revenue, Volume and Forecast, 2014-2021 (USD million)
4.6. Frozen processed poultry
4.6.1. Global Frozen Processed Poultry Market Revenue, Volume and Forecast, 2014-2021 (USD million)
4.7. Frozen processed red meat
4.7.1. Global Frozen Processed Red Meat Market Revenue, Volume and Forecast, 2014-2021 (USD million)
4.8. Others
4.8.1. Global Other Types of Frozen Processed Food Market Revenue, Volume and Forecast, 2014-2021 (USD million)
5. Global Frozen Processed Food Market by Geography
5.1. Overview
5.1.1. Global Frozen Processed Food Market Revenue Share (%), by Geography, 2014 and 2021
5.1.2. Global Frozen Processed Food Market Volume Share (%), by Geography, 2014 and 2021
5.2. North America
5.2.1. North America Frozen Processed Food Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
5.2.2. North America Frozen Processed Food Market Revenue, Volume and Forecast, by Product Type, 2014-2021 (USD million and thousand tons)
5.2.3. U.S. Frozen Processed Food Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
5.2.4. Canada Frozen Processed Food Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
5.2.5. Mexico Frozen Processed Food Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
5.3. Europe
5.3.1. Europe Frozen Processed Food Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
5.3.2. Europe Frozen Processed Food Market Revenue, Volume and Forecast, by Product Type, 2014-2021 (USD million and thousand tons)
5.3.3. Germany Frozen Processed Food Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
5.3.4. U.K. Frozen Processed Food Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
5.3.5. France Frozen Processed Food Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
5.3.6. Italy Frozen Processed Food Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
5.3.7. Spain Frozen Processed Food Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
5.3.8. Rest of Europe Frozen Processed Food Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
5.4. Asia Pacific
5.4.1. Asia Pacific Frozen Processed Food Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
5.4.2. Asia Pacific Frozen Processed Food Market Revenue, Volume and Forecast, by Product Type, 2014-2021 (USD million and thousand tons)
5.4.3. India Frozen Processed Food Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
5.4.4. China Frozen Processed Food Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
5.4.5. Rest of Asia Pacific Frozen Processed Food Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
5.5. Rest of the World (RoW)
5.5.1. RoW Frozen Processed Food Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
5.5.2. RoW Frozen Processed Food Market Revenue, Volume and Forecast, by Product Type, 2014-2021 (USD million and thousand tons)
5.5.3. Latin America Frozen Processed Food Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
5.5.4. Middle East Frozen Processed Food Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
5.5.5. Africa Frozen Processed Food Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
6. Company Profiles
6.1. Nestle S.A.
6.2. ConAgra Foods, Inc.
6.3. H.J. Heinz Company
6.4. Mother Dairy Fruit and Vegetable Pvt. Ltd.
6.5. BRF S.A.
6.6. General Mills
6.7. Kraft Foods Group Inc.
6.8. Unilever plc
6.9. Maple Leaf Foods Inc.
6.10. Tyson Foods Inc.
List of Tables
TABLE 1: Global frozen processed food market snapshot
TABLE 2: Global frozen processed food market revenue and volume
TABLE 3: North America Frozen Processed Food Market Revenue and Forecast, by Product Type, 2014-2021 (USD million)
TABLE 4: North America Frozen Processed Food Market Volume and Forecast, by Product Type, 2014-2021 (thousand tons)
TABLE 5: Europe Frozen Processed Food Market Revenue and Forecast, by Product Type, 2014-2021 (USD million)
TABLE 6: Europe Frozen Processed Food Market Volume and Forecast, by Product Type, 2014-2021 (thousand tons)
TABLE 7: Asia PacificFrozen Processed Food Market Revenue and Forecast, by Product Type, 2014-2021 (USD million)
TABLE 8: Asia PacificFrozen Processed Food Market Volume and Forecast, by Product Type, 2014-2021 (thousand tons)
TABLE 9: RoW Frozen Processed Food Market Revenue and Forecast, by Product Type, 2014-2021 (USD million)
TABLE 10: RoW Frozen Processed Food Market Volume and Forecast, by Product Type, 2014-2021 (thousand tons)
List of Figures
FIG. 1: Market Segmentation Frozen Processed Food Market
FIG. 2: Frozen processed food market, value vs volume, market size and forecast, 2014-2021
FIG. 3: Market positioning of key players, 2014 (%)
FIG. 4: Market positioning of key players, 2014 (%)
FIG. 5: Market positioning of key players, 2014 (%)
FIG. 6: Market positioning of key players, 2014 (%)
FIG. 7: Global Frozen Processed Food Market Revenue Share (%), by Product Type, 2014 and 2021
FIG. 8: Global Frozen Processed Food Market Volume Share (%), by Product Type, 2014 and 2021
FIG. 9: Global Frozen Bakery Products Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
FIG. 10: Global Frozen Desserts Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
FIG. 11: Global Frozen Meat Substitutes Market Revenue, Volume and Forecast, 2014-2021 (USD million and thousand tons)
FIG. 12: Global Frozen Processed Fish/Sea Food Market Revenue, Volume and Forecast, 2014-2021 (USD million)
FIG. 13: Global Frozen Processed Poultry Market Revenue, Volume and Forecast, 2014-2021 (USD million)
FIG. 14: Global Frozen Processed Red Meat Market Revenue, Volume and Forecast, 2014-2021 (USD million)
FIG. 15: Global Other Types of Frozen Processed Food Market Revenue, Volume and Forecast, 2014-2021 (USD million)
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