Frozen Food Industry Trends and Market Research - 2020

1
World Frozen Food Market
Opportunities and Forecasts, 2014 - 2020
2
Frozen Food Market Scenario

• A new report has been published by Allied Market
  Research titled, "Frozen Food Market - Global
  Opportunity Analysis and Industry Forecast, 2014
  - 2020
• the global frozen food market would garner
  revenue of 306 billion by 2020, registering a
  CAGR of 4.1 during the forecast period of 2015 -
  2020.
• Ready meal market encompassing ready to eat
  foods would account for the highest sales value
  of 112.7 billion by 2020.
• North America and Europe together account for
  nearly 72 of the total market revenue. However,
  developing markets would witness a significantly
  higher growth over the forecast period.

3
Frozen Food Market

• End users of frozen food comprise of retail as
  well as business/food service industry customers.
  
• Rapidly increasing popularity of fast foods
  including fries, pizza and burgers, specifically
  in the developing markets, has largely
  supplemented the growth of frozen potatoes,
  vegetables fruits, seafood and other such
  frozen food products in food service industry.
• However, retail user segment would witness a
  higher CAGR of 4.2, owing to the changing food
  habits and innovative product offerings by frozen
  food players.

4
Key Findings of Frozen Food Market

• Europe is the largest market of frozen bakery and
  desserts and would continue to account for the
  largest share of global sales value
• Demand of healthy frozen food products such as
  organic fries, organic soups, protein bars, high
  fibre breakfast cereals, snacks, processed fruits
  and vegetables would witness a steep increase in
  developed markets including North America
• The segment of Retail customers would grow at a
  comparatively higher CAGR of 4.2 during the
  forecast period, vis-vis the food service
  industry

5
Frozen Food Market Dynamics
6
Frozen Food Market Key Segments
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Frozen Food Market - By Product Type
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Frozen Food Market - By User
9
Frozen Food- Market By Geography
 North America, Europe, Asia Pacific, LAMEA

• The growth in developed markets such as North
  America and Europe would largely be supplemented
  by food service industry.
• However, retail market would be driven by healthy
  frozen food products manufactured from high
  quality ingredients.
• Asia Pacific and LAMEA, together, would account
  for around 35 of the global frozen food sales by
  the year 2020.
• Retail market in these regions would grow on
  account of increasing adoption of cooked and
  semi-cooked foods, bakery and desserts.

10
Key Players

• The report also outlines the competitive
  environment of the frozen food market, providing
  a comprehensive study of the key strategies
  adopted by market leaders.
• Leading players profiled in the report include
• Aryzta A.G.
• General Mills Inc.
• Kraft Foods Group Inc.
• Ajinomoto Co. Inc.
• Cargill Incorporated
• Europastry S.A.
• JBS S.A
• Kellogg Company
• Nestle S.A.
• Flower Foods.

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Frozen ready meals account for the largest share
of the overall market sales value and would
continue to be the leading contributor over the
forecast period (2015 - 2020). The segment is
forecast to witness a CAGR of 3.8 during 2015 -
2020. Protein bars, healthy snacks and other such
frozen food products would continue to gain
popularity among consumers. Frozen bakery and
snacks market would witness a rapid growth in
Asia Pacific region. Frozen potatoes and frozen
vegetables fruits together constitute around
14 of the overall frozen food market revenue.
Increasing sales of organic fries and snacks has
created a huge demand of organic and sweet frozen
potatoes in the developed markets.
Sheetanshu Upadhyay
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