NEW YORK , May 10, 2022 /PRNewswire/ -- The frozen food market research report by Technavio provides valuable insights to help enterprises advance in their business approaches. The report helps businesses deduce end goals and redefine their marketing strategies to gain a competitive advantage.
A sample copy of this report is available upon request. The sample report consists of the following information:
Introduction and a brief overview of the in-depth analysis included in the full report.
Market sizing approaches used for developing a comprehensive view of the market
Analysis of the competitive structure and the market behavior of participants
Key market players, their business strategies, sales volume, and revenue analysis
Regional market analysis with a graphical representation of size, share, and trends for the year 2020
Factors that define market characteristics
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Frequently asked questions about this report:
What is the forecasted growth in the frozen food market? The global market size is expected to grow by USD 94.99 billion between 2020 and 2025. But the growth momentum is expected to decelerate at a CAGR of 6.77% during the forecast period.
What is the YOY growth rate of the frozen food market in 2021? The global frozen food market observed a YOY growth rate of 7.56% in 2021.
Which product segment accounted for the largest market share in 2021? Based on the product, the frozen ready meals segment accounted for the largest share in the market in 2021.
Who are the key players in the market? Ajinomoto Co. Inc., BONDUELLE SA, Conagra Brands Inc., Dr August Oetker KG , George Weston Ltd., Kerry Group Plc, McCain Foods Ltd., Nestle SA, Nomad Foods Ltd., and Tyson Foods Inc. are identified as the key players in the market.
What factors are driving the frozen food market growth? The growing consumer inclination toward vegan frozen food is one of the key factors driving the growth of the market.
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The global frozen food market is highly fragmented with the presence of many players. Vendors in the market are introducing new products, expanding their presence through mergers and acquisitions, and developing innovative marketing campaigns. For instance, in February 2021 , Conagra Brands Inc. partnered with SOUR PATCH KIDS to launch a collection of sour and sweet Juicy Gels. Similarly, in August 2021 , Nestle SA acquired the core brands of The Bountiful Company, including Nature s Bounty, Solgar, Osteo Bi-Flex, Puritan s Pride, Ester-C, and Sundown. In October 2020 , the company acquired Aimmune Therapeutics Inc.
Some of the recent developments in the vendor landscape in terms of product launches include:
Ajinomoto Co. Inc.: The company offers frozen foods through Japan Food Products and International Food Products segments.
Bonduelle SCA: The company offers frozen food products through its canned and frozen segments.
Conagra Brands Inc.: The company offers various frozen food products in the US and international markets through three of its segment which includes: Pinnacle, Refrigerated & Frozen, and International.
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Accelerate at a CAGR of 6.77%
Europe, North America, APAC, and South America
US, Germany, Japan, and China
Leading companies, competitive strategies, consumer engagement scope
Ajinomoto Co. Inc., Bonduelle SCA, Conagra Brands Inc., Dr. August Oetker Nahrungsmittel KG, George Weston Ltd., Kerry Group Plc, McCain Foods Ltd., Nestlé SA, Nomad Foods Ltd., and Tyson Foods Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
3.4 Market outlook: Forecast for 2020 - 2025
5.3 Frozen ready meals - Market size and forecast 2020-2025
5.4 Frozen meat and poultry - Market size and forecast 2020-2025
5.5 Frozen fish and seafood - Market size and forecast 2020-2025
5.6 Frozen fruits and vegetables - Market size and forecast 2020-2025
5.7 Others - Market size and forecast 2020-2025
7.3 Europe - Market size and forecast 2020-2025
7.4 North America - Market size and forecast 2020-2025
7.5 APAC - Market size and forecast 2020-2025
7.6 South America - Market size and forecast 2020-2025
7.7 MEA - Market size and forecast 2020-2025
11.2 Currency conversion rates for US$
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