Frozen Food Market Report 2018 – Company Assessment and Industry Analysis 2023
Frozen
foods are foods stored beneath zero degree temperature for maintaining their
moisture content at a solidified state. This helps frozen food to be preserved
for longer time than fresh food. One of the factors that are contributing towards
the expansion of frozen foods around the world is the shift in consumer
lifestyle which is influencing consumers towards ready to eat food products on
account of saving cooking time.
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The
import of frozen chilled beef from Australia, which was earlier banned, is now
allowed by Chinese government. The increase in frozen food trade is also
expected to boost up the global frozen food market over the next
several years. Moreover, food outlets such as Pizza Hut, McDonalds, Burger King
Corporation, and KFC have now started to stock frozen food products to supply
surging fast food demand and ensure food availability for a longer period.
Among
regions, the European region dominated the global frozen food market followed
by North America. In Asia-Pacific, economic developments along with increasing
urbanization and rising disposable income are some factors driving the frozen
food market. Asia-Pacific is expected to witness the highest growth in the
coming years.
Some
of the major competitors of global frozen food market include Nestlé SA, Sadia
SA, Unilever PLC, Amy’s Kitchen, Inc., Goya Foods, Inc., Iceland Foods Ltd, The
Schwan Food Company, Maple Leaf Foods Inc., Kraft Food, Inc., H.J. Heinz
Company, McCain Foods Limited, Nichirei Corporation.
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