The Global Frozen Food Market is expecting around 4.8% CAGR during 2022-27, cites MarkNtel Advisors in their recent research report. The rapidly increasing food requirements of the exponentially rising population and a growing consumer preference toward frozen food are the prime aspects driving the global market. Besides, with rapid urbanization & increasing job opportunities, the working population, with minimal or no time for food preparation & is among the prominent consumers of frozen food, is escalating swiftly worldwide.
As a result, the burgeoning demand for ready-to-cook & ready-to-eat frozen meals like fruits & vegetables, dairy, meat & seafood, snacks & bakery, and desserts, among others, is projecting lucrative growth prospects for the global market through 2027, further states the research report, “Global Frozen Food Market Analysis, 2022.”
Growing Interest in Nutrient-Dense Food to Boost the Demand for Frozen Meat & Seafood through 2027
The exponentially rising population & its surging food requirements are immensely pressurizing the agriculture sector and, in turn, leading to a growing number of meat & seafood consumers worldwide. In this regard, manufacturers have started offering frozen meat & seafood with longer shelf life. As a result, the growing awareness among people about the high nutritional value of frozen meat & seafood is rapidly propelling their demand worldwide, especially across Europe, Asia-Pacific, & North America, and, in turn, driving the global market.
Moreover, improving buying power of people & their changing living standards are other crucial factors leading to the mounting sales of frozen meat & seafood globally and projecting their dominance in the Global Frozen Food Market during 2022-27.
With Rapidly Expanding Tourism & Food Industries, Asia-Pacific to Witness the Fastest Market Growth
With increasing food requirements, the rapidly expanding distribution channels like supermarkets, hypermarkets, convenience stores, specialty stores, & online platforms, among others, are offering an extensive range of frozen food to the customers across Asia-Pacific, i.e., prime aspect driving the regional market.
Besides, favorable government policies are attracting the leading food manufacturers to establish their manufacturing units in the region. Moreover, the rapid expansion of the food & beverage and tourism industries is also driving the demand for frozen food across Asia-Pacific, and projecting remunerative growth opportunities for the global market during 2022-27, reveals MarkNtel Advisors in their research report, "Global Frozen Food Market Analysis, 2022."
The leading players in the Global Frozen Food Market include Ajinomoto Foods, Conagra Brands Inc., Frosta AG (Frosta), General Mills Inc., Grupo Bimbo, Heinz Frozen Food Company, Lantmannen Unibake, McCain Foods Limited, Nestle SA, Nomad Foods Ltd., The Kellogg Company, Tyson Foods, Unilever PLC, and Wawona Frozen Food.
Key Questions Answered in the Research Report: