The Frozen Food Market is estimated to reach a CAGR of 5.2% to 2028.
Frozen food is defined as food products that are preserved under low temperature and used over a long period. The product market comprises various food products, including ready meals, vegetables & fruits, potatoes, meat & poultry, seafood, and soup. Frozen ready meals further include packaged ready-to-eat foods, bakery, snacks, and desserts.
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Increase in use of frozen food products by giants such as KFC, McDonald’s, Pizza Hut, Subway, and Frozen Potatoes are some of the factors that have supported long-term expansion for Frozen Food Market.
Regional Analysis
Europe was the prominent market in 2020, which accounted for the maximum share. Large spending capabilities of consumers and economic stability are some of the major reasons for the growth of the product market in the European region.
Key Players of Frozen Food Market
· Aryzta A.G.
· Ajinomoto Co. Inc.
· Cargill Incorporated
· General Mills Inc.
· JBS S.A.
· Kellogg Company
· The Kraft Heinz Company
· Nestle S.A.
· ConAgra Brands, Inc.
· Associated British Foods Plc.
· Ajinomoto
· Vandemoortele NV
· Lantmannen Unibake International
· Cargill and More
Frozen Food Market is segmented into product type, user and region.
On the basis of Product Type
· Ready meals
· Frozen seafood
· Frozen meat & poultry
· Frozen fruit & vegetables
· Frozen potatoes
· Frozen soups
On the basis of User
· Food service industry
· Retail users
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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