About Frozen Prepared Foods
Frozen prepared foods refer to the foods that are prepared in advance and frozen. It is usually packed in disposable serving trays that can be heated before being served. It provides a variety of foods options with plenty of nutrients in it. Ready meals, burgers, pizza, fish fillets, breaded chicken, and others are included in the frozen prepared foods, these varieties can be easily availed in supermarkets, convenience stores, and online stores.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global Frozen Prepared Foods market is a fragmented market with the presence of various players. Companies offer different types of readymade meals, frozen dinners, etc in the market. Companies are investing in the enhancement and launch of a variety of Frozen Prepared Foods in the market. Players are also focusing on strategic activities like mergers and acquisitions and partnerships to improve their presence and sustain in the market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Frozen Prepared Foods 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.
Cargill (United States), Conagra Brands, Inc. (United States), General Mills Inc. (United States), The Kraft Heinz Company. (United States), Maple Leaf Foods. (United States), Nestlé S.A. (Switzerland), Ajinomoto Co., Inc.( Japan), Nomad Foods (London), McCain Foods Limited (United States), KK Fine Foods (United Kingdom), Moy Park (United Kingdom), JONDAY FOODS. (United States), Global Food Industries LLC (United Arab Emirates) and Mosaic Foods (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Frozen Prepared Foods market by Type (Ready meals, Burgers, Pizza, Fish fillets, Breaded chicken and Others) and Region.
On the basis of geography, the market of Frozen Prepared Foods 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 Sales channel, the sub-segment i.e. Offline will boost the Frozen Prepared Foods market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. Wax Coated Cardboard will boost the Frozen Prepared Foods market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rise in New Technology in The Frozen Food Science Creating Positive Impact on Frozen Prepared Foods Market
Market Growth Drivers:
Growing need for convenient, flexible, and quality foods among the individuals in the world
Challenges:
Limited variety of ready meals or dinners hampering the Frozen Prepared Foods market and Stiff competition in the Frozen Prepared Foods market
Restraints:
Presence of Several Low-quality Frozen Prepared Foods in the Market in Lower Prices
Opportunities:
A wide range of Frozen Prepared Foods leads to growth in Manufacturer and distribution market B2B and B2C. and Boom of Frozen Prepared Foods in the Indian Market
Market Leaders and their expansionary development strategies
In March 2021, Nomad Foods Limited announced that it has entered into an agreement to acquire Fortenova Group’s Frozen Food Business Group (FFBG) for aggregate consideration of approximately €615 million on a debt-free, cash-free basis.
Key Target Audience
Frozen Prepared Foods Manufacturers, Frozen Prepared Foods International Traders, Frozen Prepared Foods Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies, Upstream and Downstream Buyers 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.