Frozen Food Market Poised to Register Growth at 3.9% CAGR from 2013 to 2019

Frozen Food Market Poised to Register Growth at 3.9% CAGR from 2013 to 2019

  • Submitted By: amyjames
  • Date Submitted: 06/06/2016 1:33 AM
  • Category: Business
  • Words: 1666
  • Page: 7

Transparency Market

Frozen Food Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2013 – 2019

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Global Frozen Food Market to Reach US$293.7 bn by 2019, Propelled by
Growing Demand for Convenience Food

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Frozen Food Market


Frozen food means foods which are maintained at a temperature at which all moisture therein is in a solid
state. Increasing number of working women, change in consumer purchasing patterns, busy lifestyles,
availability of wide range of frozen food products in different categories I are the factors leading to greater
indulgence of frozen food. It is also considered as the next generation of convenient ready foods. The basic
raw materials used in the production of frozen food include chicken, fish, pizza, beans and others. Raw
material distributors and suppliers such as Cargill Inc., Ingredion Inc. and others supply various raw
materials and ingredients according to the precise need to the manufacturers of frozen food according to
the standard they have establish during their product testing. The global frozen food market in terms of
revenue was valued at USD 224.74 billion in 2012.
The product segment covers various frozen food categories such as frozen ready meals, frozen
fish/seafood, frozen potatoes, frozen fruits and vegetables and frozen soup. The frozen ready meal
segment includes wide range of products such as frozen pizza, desserts, entrees and snacks etc. The
frozen ready meals market is estimated to grow at a CAGR of 3.9% from 2013 to 2019. Frozen potatoes
occupied a very small share in the market and are expected to increase their market share in future due to
expanding range of...

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