Improved standard of living and changing lifestyles of people across the globe are major driving factors for the significant growth of global frozen food market. Today, consumers are living a fast paced life with lesser time available for cooking and other time consuming activities. Also, they are more focused on their goals which occupy them with work load, in turn leading to growth in demand for frozen foods worldwide.
Frozen foods, ready-to-eat meals, instant foods have gained popularity over the past few years due to the consumer shift towards meals that could be cooked in minutes and thus save their precious time. Another factor driving the frozen foods market is rising population of working women and female entrepreneurs across the globe. Working women tend to be busy and have a hectic lifestyle which makes them opt for frozen foods as they can be maintained at a definite temperature or frozen to prevent them from spoiling.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/frozen-food-market
Further key findings from the report
suggest:
·
The idea of storing food at a fixed temperature,
or a sub-zero temperature, which is responsible for ensuring that the moisture
content of the food stored stays intact and hence enables the preservation of
food longer than the regular food items. The intactness of freshness of food
items in frozen foods category makes them an ideal choice for the working-class
section of the population which enables them to get a quick bite as and when
possible. Not only does frozen food save time but it is also used as a break or
variety in consumers’ regular or monotonous eating menu. The growth of the
global foods market can also be attributed to the disposable income and the
altering lifestyle of consumers. Introduction of staple frozen foods and
availability of industrial and commercial freezing techniques are other factors
which are expected to have a significant impact on the growth of the global
frozen foods market. The global frozen foods market is anticipated to be worth
USD 307.33 billion by the end of 2020.
·
The global frozen foods market is segmented on
the basis of regions into various locations including Europe, North America,
South Africa, and Asia Pacific. Europe has reported highest revenue of about
38.9% of the total frozen food market in 2013. European consumers highly depend
on packaged foods considering it to be hygienic, which is a major reason for
its remarkable growth in this region. The frozen food market is expected to
grow slowly in the Asia Pacific region owing to the absence of an organized
market, cultural barriers, non-acceptance of frozen foods over fresh foods by
the elderly population, and comparatively less population of working women.
However, this region is anticipated to encounter the highest growth in the next
few years with an estimated CAGR of 4.8% due to emerging economies like China
and India, which have a rising manpower along with their increasing disposable
incomes. Also, urbanization and globalization in these economies have led to an
increase in the number of working females and women entrepreneurs. Emerging
economies like Brazil and South Africa are expected to witness a growth in the
global frozen food market due to increasing hygiene concerns with surging trend
of super markets.
·
On the basis of different types of frozen food
products, the global frozen food market is segmented into a wide range of
products including frozen vegetables & fruits, fish & sea foods,
potatoes and soups. Other ready meal products include pasta, pizza, instant
noodles, nuggets, cheese, jams, confectionery and dairy products.
·
Prominent players in the market include Birds
Eye Foods, Inc., Iceland Foods Ltd., General Mills Inc., Ajinomoto Co., Inc.,
The Schwan Food Company, Nestle, Maple Leaf Foods, Inc., Unilever Plc, McCain
Foods, Allens, Inc., ConAgra Foods, Inc., Tyson Foods, Inc., Heinz and Amy’s
Kitchen, Inc.
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Grand View Research has segmented the global data center UPS market on the
basis of product and region:Data Center UPS Product Outlook (USD Million, 2012 – 2020)
• Small Data Centers
• Medium Data Centers
• Large Data Centers
Data Center UPS Regional Outlook (USD Million, 2012 – 2020)
• North America
• Europe
• Asia Pacific
• RoW
