The global frozen food market is expected to reach USD 360.36
billion by 2024, according to a new report by Grand View Research, Inc. The
increasing number of working married women is expected to favor the frozen food
industry over the forecast period. They also contain more vitamins and minerals
compared to fresh produce. Quick Freezing technology is incorporated fresh
picked items to offer the consumers with exotic flavor and taste.
However, if these products are
kept open or unused for a long time, they tend to lose their nutritional value
and can be affected by microbial growth. In recent years, manufacturers
introduced newer technologies that can freeze products in less than seven
minutes and ponder upon their packaging material so that they do not lose their
nutritional content. Frozen food producers via promotional events and
exhibitions are introducing newer products also.
Companies are trying to introduce
leverage new freezing techniques which include thermo-acoustic and magnetic
freezing for resource efficiency in the manufacturing process. There have been
innovations pertained to packaging by both manufacturers and retailers. In the
U.S., edible packaging named Wikicell has been developed that offers sufficient
protection for foods and helps them to maintain their flavor quality &
packaging waste.
U.S. Frozen Food Market Revenue By Product, 2014 - 2024
(USD Billion)
Browse full research
report on frozen food market: http://www.grandviewresearch.com/industry-analysis/frozen-food-market
Further Key Findings From the Study Suggest:
- Frozen ready
meals had the highest penetration in 2015 with a valuation of over USD 80
billion. Owing to busy lifestyles, consumers prefer easy cooking
techniques. These food products just need to be heated for two-three
minutes before human consumption.
- A new model
called time specific defrosting is likely to emerge in future years where
products are defrosted slowly and potentially cooked once they are taken
out
- Asia Pacific
is expected to witness the highest growth of 5.0% over the next eight
years. Traditional cooking can often be time consuming and labor intensive
for Indian & Chinese consumers. As a result, such convenient products
often prove to be a lucrative opportunity for meal preparation.
- The industry
is highly fragmented with a presence of both multinational corporation and
domestic companies. In a recent study by ConAgra Foods, it was reported
that frozen meals are eaten as a part of a reduced calorie diet that helps
the consumers learns the amount and correct options of eating.
- Industry
participants majorly include McCain Foods, General Mills, Inc, Dole,
Nestle, The Schwan Food Company, Rich Products Corporation and Heinz.
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-frozen-food-market
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including technology,
chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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