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(2015-2020), the study shows. The segment is forecast to
Key findings of the study: witness a CAGR of 3.8% during 2015-2020. Healthy snacks
• Europe is the largest market of frozen bakery and desserts and other such frozen food products would continue to gain
popularity among consumers.
and will continue to account for the largest share of global The frozen bakery and snacks’ market will witness a rapid
sales value. growth in Asia Pacific region. Frozen potatoes and frozen
• Demand of healthy frozen food products such as organic fruits and vegetables together constitute around 14% of the
overall frozen food market revenue. Increasing sales of
fries, organic soups, snacks and processed fruits and organic fries and snacks created a huge demand of organic
vegetables will witness a steep increase in developed and frozen potatoes in the developed markets.
End users of frozen food comprise of retail as well as
markets, including North America. business/foodservice industry customers. Rapidly increasing
• The segment of retail customers will grow at a comparatively popularity of fast foods, including fries, pizza and burgers,
higher CAGR of 4.2% during the forecast period, vis-à-vis specifically in the developing markets, largely supplemented
the foodservice industry. the growth of frozen potatoes, fruits and vegetables, seafood
and other frozen food products in the foodservice industry.
However, retail user segment will witness a higher CAGR of
however very few have a significant market share. The market for frozen food 4.2%, owing to the changing food habits and innovative
is highly fragmented, as the Top 6 companies have less than 20% of the market product offerings by frozen food players.
share in 2012, along with the presence of a number of small and medium-sized The growth in developed markets such as North America
participants. Key market participants include Nestlé, ConAgra, H.J. Heinz and and Europe will largely be supplemented by the foodservice
McCain Foods, among others. industry. However, retail market will be driven by healthy
According to a new report published by Allied Market Research, Portland, frozen food products manufactured from high-quality
Ore., titled, “World Frozen Food Market” - Opportunities and Forecasts, 2014- ingredients.
2020,” the global frozen food market will garner revenue of USD 306 billion by Asia Pacific and Europe, the Middle East and Africa
2020, registering a CAGR of 4.1% during the forecast period of 2015-2020. (EMEA) together will account for around 35% of the global
The ready meals market, encompassing ready-to-eat foods, will account for frozen food sales by the year 2020. Retail market in these
the highest sales value of USD 112.7 billion by 2020. North America and Europe regions will grow on account of increasing adoption of cooked
together account for nearly 72% of the total market revenue. However, and semi-cooked foods, bakery and desserts.
developing markets will witness a significantly higher growth over the forecast
period.
Frozen ready meals account for the largest share of the overall market sales เอกสารอ้างอิง/Reference
value and will continue to be the leading contributor over the forecast period www.refrigeratedfrozenfood.com

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