Home / News / Frozen Food Market to Reach US$ 339.18 Bn by 2022 – Credence Research

Frozen Food Market to Reach US$ 339.18 Bn by 2022 – Credence Research

According to a new market research report published by Credence Research “Frozen Food (Frozen Fruits & Vegetables, Frozen Desserts, Frozen Ready Meals, Frozen Meat, Frozen Fish/Seafood, Frozen Potatoes, Frozen Soup) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022” the global frozen food market was valued at US$ 245.00 Bn in 2014 and is estimated to expand with a CAGR of 4.2% from 2015 to 2022.

Browse the full report at http://www.credenceresearch.com/report/frozen-food-market

Market Insights:

Frozen food is an alternative to canned, fresh and home cooked meal. Convenience, busy lifestyle coupled with higher purchasing power and rapid urbanization are the prominent factors triggering the market growth. Innovative products and rise in number of working women is leading towards greater indulgence of frozen food. Moreover, product availability and retail shelf space plays a very vital role in creating demand for the product. Distribution is a key success factor in the current frozen food market.

Further, frozen food made with organic and natural ingredients is expected to undergo strong demand in the coming years. Nevertheless, the market is hampered due to government interventions and regulations.

Another factor affecting the market growth are increase in number of private labels, unorganized and local brands. Private labels and local/ brands made themselves very attractive to the public because of their impressive, newly launched products such as ready meals, ethnic foods such as Chinese food, German hamburgers, Italian pasta and sausages and many others with their innovative packaging. Large numbers of frozen food manufacturers are present in the market which ultimately leads to intense competition in the global market. As the number of players operating in the global market is high, the cost of switching suppliers is low for buyers which give them the advantage of having options for selecting a supplier.

Competitive Insights:

The frozen food market is highly fragmented with nearly four to six players accounting for significant share in the global market. To gain competitive advantage, players should shift their production to more innovative alternatives and provide better services to buyers. Most of the market pie is accounted by various small, private, local and unorganized brands. Some of the major players present in this market are Nestle, Mc Cain, General Mills and ConAgra among others.

Browse the full report at http://www.credenceresearch.com/report/frozen-food-market

Key Trends:

Vendors are competing for shelf space in large stores
Increasing popularity of the frozen food along with the ingredients used
Extensive scope through development of cold chain logistics and retail distribution

Latest Reports:

Natural Food Colors Market By Product Type (Natural Food Colors, Carotenoids, Anthocyanin, Chlorophyll, Spirulina Extract, Annatto, Curcumin, Paprika), By Application (Food & Beverages, Pet Food, Carbonated Soft Drinks & Non-Alcoholic Beverages, Alcoholic Beverages) – Growth, Share, Opportunities & Competitive Analysis, 2015 – 2022

Biopreservation Market Size, Segmentation, Opportunities, Trends, Growth and Industry Forecast To 2022

Bakery Ingredients Market: Growth, Future Prospects & Competitive Analysis, 2016 – 2023

About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.


Name: Chris Smith

Designation: Global Sales Manager

E-mail: sales@credenceresearch.com

Ph: 1-800-361-8290

Web:  Credence Research


Release ID: 4286

About Chris Smith

Check Also

SCADA market is expected to witness a steady growth, expanding at a CAGR of over 8% from 2016 to 2023.

According to a new market report published by Credence Research, Inc. “Supervisory Control and Data Acquisition ...