Published Date : Dec 21, 2015
The global frozen foods market is on the verge of steady yet constant expansion. Frozen foods made from organic ingredients are expected to propel the global frozen foods market in the next five years. Frozen foods offer convenience to the working class and thus are being globally adopted. Frozen foods or ready-to-eat food products serve the needs of people to prepare food quickly during rush hours. Hectic lifestyles, increase in the number of working population, and availability of new food products in the global market are some of the factors expected to propel the global frozen foods market in the years to come.
Frozen food products such a frozen soups, frozen meat, frozen potatoes, frozen fruits and vegetables, and ready-to-eat meals are attracting people from across the globe. The addition of natural ingredients in the ready-to-eat meals will propel the frozen foods market in the years to come. Key players in the global frozen foods market are concentrating on introducing frozen foods with better hygiene and quality. The global frozen foods market was valued at US$224.74 bn in 2012 and it predicted to reach US$293.75 bn by 2019 at a 3.90% CAGR.
Frozen foods are the next generation convenience foods as they are easily available in supermarkets, shopping marts, and at many other outlets. The global market for frozen foods is developing rapidly due to high focus by the leading players on developing new food freezing techniques that do not reduce the nutritional values of the food. Increasing sales of frozen foods in Asia Pacific is expected to help develop the global market for frozen foods in the years to come. Availability of ready-to-eat meals has attracted working population from across the globe. Working people or students relocated to other cities largely depend on frozen foods for their daily meals.
With new varieties being introduced by the leading players every year, the global frozen foods market is expected to witness rapid developments in coming few years. Adoption of different types of frozen foods will continue to expand not only in the developed areas but also in the urban areas in the years to come.