About Chilled Processed Food
Chilling is a food processing procedure that lowers the temperature of a product to between -1 and 8 degrees Celsius. Chilling has the goal of slowing down the pace of biochemical and microbiological changes in foods, therefore extending the shelf life of both fresh and processed goods. These foods are generally, ready to eat (RTE), ready to reheat (RTRH), ready to cook (RTC), or ready to wash (RTW). Chilled foods are a big and fast-growing business that includes a diverse range of meals. Traditionally, these were basic meat, poultry, fish, and dairy items, but current trends have shifted to a larger variety of food with more complexity. North America is the largest market for the chilled processed food followed by Europe.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. 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.
Nestle (Switzerland), ConAgra Foods Inc. (United States), Grupo Bimbo SAB de CV (Mexico), Mondelez (United States), Hormel Foods Corp. (United States), PepsiCo (United States), General Mills (United States), Kraft Foods Inc. (United States), ITC (India) and Kellogg Co. (United Kingdom are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Chilled Processed Food market by Type (Ready To Eat (RTE), Ready To Reheat (RTRH), Ready To Cook (RTC), Ready To Wash (RTW) and Other) and Region.
On the basis of geography, the market of Chilled Processed Food 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). North America region held largest market share in the year 2023. If we see Market by Specialty, the sub-segment i.e. Allergen-Free will boost the Chilled Processed Food 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. Super Markets/Hyper Markets will boost the Chilled Processed Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Poultry will boost the Chilled Processed Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Popularity of Chilled Meat
Market Growth Drivers:
Increasing Demand for Tasty Food and Growing Demand of Chilled Processed Food Due to Convenience It Offers
Challenges:
Challenging Supply Chain of The Chilled Processed Food and Stringent Government Regulations About Chilled Processed Food
Restraints:
Perception Of Chilled Processed Food as Unhealthy
Opportunities:
Opportunity Of Expand in The Asia Pacific Market and Urban Lifestyle Will Increase the Demand for Chilled Processed Food
Market Leaders and their expansionary development strategies
On 12th Dec 2019, ITC Ltd, a fast-moving consumer goods company, has announced that its frozen foods brand ITC Master Chef would be extending its portfolio and distribution network. The Kolkata-based company has introduced a number of goods under the ITC Master Chef brand, which has distribution in 60 locations. The items may be found at retail stores, hotels, restaurants, and event halls. With raw prawns, ITC entered the Rs7,400-crore frozen foods industry in India in 2017.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Chilled Processed Food Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries 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.