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Increasing awareness about frozen food due to its increased shelf life, convenience in cooking, packaging and carrying, changes in the business strategies of the market players are key factors contributing to high CAGR of industry during forecast period.
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Market Size – USD 260.8 Billion in 2018, Market Growth - CAGR of 3.2%, Market Trends – Change is Life Style and increase in availability Market Summary According to the current analysis of Reports and Data, the global Frozen Food market was valued at USD 260.8 Billion in 2018 and is expected to reach USD 366.3 Billion by year 2026, at a CAGR of 3.2%. They are preserved by a process of freezing and storing before cooking. It has a large market due to increased demand from the consumers. • Further key findings from the report suggest • Frozen Food industry is expected to have a CAGR of 6% in Asia Pacific followed by Europe and North America respectively. The factors such as changing lifestyles and increasing population of society are driving the growth of industry. • As of 2018, raw stage dominated the industry which holds 41.4% of the global market. Europe is the chief revenue generating source for this product segment, followed by Asia-Pacific and North America. • Dairy Products is expected to be the fastest growing market segment during forecast period 2019-2026 with a CAGR of 3.5%. However, the sugar and fats content which are not healthy and difficulties faced in removing such content is one of the major challenge for the industry in this segment. www.reportsanddata.com
Market Summary Key Players: Nestle, ConAgra Foods Inc., Heinz, Mother Dairy, McCain Foods, Kellogg Company, Unilever, General Mills Inc., Venky’s, and Pinnacle Foods Inc. Segmentation: • Processed Product Type (Revenue, USD Billion; 2016–2026) • Frozen Fruits & Vegetables • Frozen Meat & Fish • Frozen Dairy Products • Frozen Soups • Others • Product Type (Revenue, USD Billion; 2016–2026) • Raw Stage • Half-Prepared • Fully-Prepared To Request for a PDF Sample, Click Here: - https://www.reportsanddata.com/sample-enquiry-form/1927 www.reportsanddata.com
Market Summary • Distribution Channel (Revenue, USD Billion; 2016–2026) • Supermarket/Hypermarket • Online Stores • Specialist Retailers • Convenience Stores Regional Outlook for Frozen Food Market analyses the following geographies: North America (United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Colombia, etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa) Avail this report at Attractive Discount rates! Click here to know more @ https://www.reportsanddata.com/discount-enquiry-form/1927 www.reportsanddata.com
The report emphasizes the following key questions: Q.1.What are the most lucrative and promising growth prospects for the market? Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? Q.3.Which geographies are estimated to exhibit the highest growth and the underlying causes? Q.4.Which factors are impacting the future of the market and what are the driving factors? Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast period? www.reportsanddata.com
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