Frozen Food Market May See Big Move :Major Giants General Mills, Conagra Brands, Grupo Bimbo
According to HTF Market Intelligence, the Global Frozen Food market to witness a CAGR of 5.3% during forecast period of 2023-2028. The market is segmented by Global Frozen Food Market Breakdown by Type (Frozen Ready Meals, Frozen Seafood & Meat Products, Frozen Snacks & Bakery Products, Others) by Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Retail) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Frozen Food market size is estimated to increase by USD 113 Billion at a CAGR of 5.3% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 291.8 Billion.
HTF Market Intelligence published a new research publication on Frozen Food Market Insights, to 2028″ with 150+pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Frozen Food market was mainly driven by the increasing R&D spending across the world, however latest scenario and economic slowdown have changed complete market dynamics. Some of the key players profiled in the study are General Mills Inc. (United States), Conagra Brands, Inc. (United States), Grupo Bimbo S.A.B. de C.V. (Mexico), Nestle SA (Switzerland), Unilever (the Netherlands), Kellogg Company (United States), McCain Foods Limited (Canada), Kraft Heinz Company (United States), Associated British Foods plc (United Kingdom), Ajinomoto (Japan)
Definition:
The frozen food market includes various types of food products that are stored at low temperatures, typically below -18°C, to preserve their quality and freshness. These products can be raw or cooked, and may include fruits, vegetables, meat, seafood, baked goods, and prepared meals.
Market Trends:
Growing demand for convenience and easy-to-prepare meals
Market Drivers:
Busy lifestyles and changing food habits of consumers
Market Opportunities:
Development of new and innovative frozen food products
The titled segments and sub-section of the market are illuminated below:
The Study Explore the Product Types of Frozen Food Market: Frozen Ready Meals, Frozen Seafood & Meat Products, Frozen Snacks & Bakery Products, Others
Key Applications/end-users of Frozen Food Market: Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Retail
Actual Numbers & In-Depth Analysis of Global Frozen Food Market Size Estimation and Trends Available in Full Version of the Report.
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