DUBLIN, Nov. 19, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/ksv7c8/world_frozen_food) has announced the addition of the "World Frozen Food Market - Opportunities and Forecasts, 2014 - 2020" report to their offering.
According to the new report World Frozen Food Market Opportunities and Forecasts, 2014-2020, the global frozen food market would garner revenue of $306 billion by 2020, registering a CAGR of 4.1% during the forecast period of 2015-2020. Ready meal market encompassing ready to eat foods would account for the highest sales value of $112.7 billion by 2020. North America and Europe together account for nearly 72% of the total market revenue. However, developing markets would witness a significantly higher growth over the forecast period.
The growth of the frozen food market would primarily be driven by the growing demand and consumption of frozen foods in the developing markets such as India, China, and other Asian countries. Increase in disposable income coupled with change in lifestyle and food habits are major factors boosting the market growth in these regions. Moreover, rapidly increasing number of large retail chains including hypermarkets and supermarkets has bolstered the demand of frozen food in developing Asian countries. However, lack of proper refrigeration facility in retail stores and inadequate distribution facility in semi-urban and rural areas are the major challenges for the industry in developing markets.
The market is segmented on the basis of product type, user and geography. The products covered in the report include frozen ready meals, meat & poultry, sea food, vegetables & fruits, potatoes and soup. On the basis of user, the market is segmented into retail users and food service industry (hotel chains, restaurants, caterers and others).
- Aryzta AG
- General Mills Inc.
- Kraft Foods Group Inc.
- Ajinomoto Co. Inc.
- Cargill Incorporated
- Europastry S.A.
- JBS S.A.
- Kellogg Company
- Nestle S.A.
- Flower Foods
Key Topics Covered:
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 WORLD FROZEN FOOD MARKET BY PRODUCT TYPE
CHAPTER 4 WORLD FROZEN FOOD MARKET BY USER
CHAPTER 5 WORLD FROZEN FOOD MARKET BY GEOGRAPHY
CHAPTER 6 COMPANY PROFILES
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Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets