Global Quick Frozen Food Market Overview:
Quick-frozen food products contain maximum vitamins as compares to the fresh ones, due to freezing which makes preserves the products for longer periods of time. Various benefits of frozen foods such as reducing food waste, make your food last longer, preserve nutrition at peak ripeness and other benefits. Surging preference of millennial consumers for convenient eating and raising awareness of frozen food products are some of the major drivers in the growth of the very market.
Growth Drivers
- Rising demand for convenience food and technology advancement in the cold chain
- Increasing Acceptance of Western Cuisine and Food Habits across the World
Roadblocks
- Rising Preference for Fresh as Well as Natural Food Product
Opportunities
- Increasing Processed Food Industry and Rapidly Usage of Quick Frozen Food among Millennials and Working Population
- Rising Online Purchase of Staple Food is Gaining Popularity across Developed Economies
Challenges
- Usage of Preservatives in Quick Frozen Foods
Competitive Landscape:
Some of the key players profiled in the report are General Mills Inc. (United States), Conagra Brands, Inc. (United States), Grupo Bimbo S.A.B. de C.V. (Mexico), Nestle SA (Switzerland), Unilever (the Netherlands), Kellogg Company (United States), Kraft Heinz Company (United States), McCain Foods Limited (Canada), Associated British Foods plc (United Kingdom) and Ajinomoto (Japan). Additionally, following companies can also be profiled that are part of our coverage like Vandemoortele NV (Belgium) and Lantmannen Unibake International (Denmark). Analyst at AMA Research see United States Vendors to retain maximum share of Global Quick Frozen Food market by 2026. Considering Market by Distribution Channel, the sub-segment i.e. Hypermarkets/Supermarkets will boost the Quick Frozen Food market.
Latest Market Insights:
In October 2018, the Conagra Brands, Inc. Company has acquired Pinnacle Foods Inc. Company, which helped Pinnacle foods to widen its frozen meals & snacks as well as sweet treats categories. Hence, it will help to enhance the growth of the revenue of the company in the future.
Quick-freezing, packaging, labelling and inspection of quick-frozen foodstuffs are harmonised at European level. Quick-frozen foodstuffs must be labelled as "quick-frozen" and indicate the batch identification. The freezing temperature must be -18°C or lower, except during transport and delivery. The only cryogenic media authorised are air, nitrogen and carbon dioxide.
What Can be Explored with the Quick Frozen Food Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Quick Frozen Food Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Quick Frozen Food
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Quick Frozen Food market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Quick Frozen Food market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Quick Frozen Food Manufacturers, Suppliers of Quick Frozen food products, Wholesalers, Distributors and Retailers of Frozen food products, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.