About Frozen Meal
Frozen meals are the foods which have been kept frozen until it is used. Freezing the food preserves it from the time it is prepared to the time it is eaten. It slows down decomposition by turning residual moisture into ice, inhibiting the growth of most bacterial species. These are usually packed in a disposable serving tray, and need to be heated only before serving. Although the taste and quality may diminish over time, it keeps items edible indefinitely. Also, the frozen food does not require any preservatives as the microbes cannot grow on any food that is at a temperature less than 0°F.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Frozen Meal market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
General Mills (United States), Nestle (Switzerland), Unilever (Netherlands), Kellogg Company (US), McCain (Canada), Dr.Oetker (Germany), Daiya foods (Canada), Conagra (United States), Atkins Nutritional’s (United States) and California Pizza Kitchen (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are H.J. Heinz (United States), FRoSTA (Poland) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Frozen Meal market by Type (Raw material, Half-cooked and Ready-to-eat) and Region.
On the basis of geography, the market of Frozen Meal has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Consumption, the sub-segment i.e. Food Chain Services will boost the Frozen Meal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Food type, the sub-segment i.e. Fruits & vegetables will boost the Frozen Meal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution channel, the sub-segment i.e. Online will boost the Frozen Meal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Brand Awareness and Consumption of Frozen Meal Among Consumers
Market Growth Drivers:
Increasing Demand for Convenience Foods and Changing Lifestyle of Consumers
Challenges:
Lack of Cold Chain Infrastructure in Emerging Economies
Restraints:
Increasing Preferences for Fresh Foods
Opportunities:
Increasing Disposable Income of Consumers and Digitalization of Retail Industry
Market Leaders and their expansionary development strategies
In January 2023, LiveKindly Collective has acquired frozen plant-based food brand Alpha Foods. Alpha Foods is LiveKindly’s sixth food brand acquisition since 2020 and its first in the United States
In April 2020, Nestle SA has announced to launch Life Cuisine which is a new brand designed to feed modern lifestyles. It includes frozen bowls, egg bites and pizzas that cater to four consumer preferences: high-protein, low-carb, meatless and gluten-free.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.