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Published: Nov, 2014 | Pages:
75 | Publisher: Grand View Research
Industry: Food | Report Format: Electronic (PDF)
The global frozen food market is expected to reach USD 307.33 billion by 2020. Consumer shift towards adoption of food requiring less time to prepare on account of their changing lifestyle is expected to remain a key driving factor for the global frozen food market. Frozen food provides convenience along with variety to the consumer which has also played an important role in development of frozen food market. Growth of meat industry particularly in BRIC nation on account of increasing population and disposable income level is also expected to drive the global frozen food market over the next six years.
Presence of a large unorganized market in Asian countries is expected to remain challenge for existing market participants. Unbranded frozen food poses threat to major companies in terms of quality and price offerings. Cultural barriers to adopt frozen food in parts of Asia Pacific are also expected to inhibit the market growth. Elderly population in Asia Pacific still prefer farm fresh food over frozen food and penetrate this market is expected to challenge for market participants. High logistics cost and health issues regarding presence of high sugar content and far preservatives in frozen food is also expected to hinder the market growth.
Further key findings from the study suggest:
Ready meals emerged as the leading frozen food product consumed worldwide and accounted for over 35% of total market revenue in 2013. Change in consumer lifestyle is considered to be directly proportional to the ready meals market growth. Lack of cooking time among consumers on account of increasing involvement in professional life is expected to drive the demand for frozen ready meals. Frozen potatoes are expected to witness highest growth over the next six years. The segment is expected to grow at an estimated CAGR of 4.6% from 2012 to 2020.
Europe was the largest regional frozen food market and accounted for 38.9% of total market revenue in 2013. Increasing adoption of hygienic packaged food is expected to drive the regional demand for frozen food. Asia Pacific is expected to witness highest growth rate over the next six years. The region is expected to grow at an estimated CAGR of 4.8% from 2014 to 2020. Growing population coupled with increasing disposable income level in countries such as China and India has amplified the fast food industry in these countries which further had a positive impact on the overall frozen food market.
Global frozen food market is highly fragmented as top four companies accounted for less than 20% of the overall market resulting in improved techniques used by small scale manufacturers to capture market share. The large multinational companies face intense competition from local companies in terms of their price offerings. Some of the leading companies operating in the global frozen food market include Nestle, ConAgra Foods, Inc., The Schwen Food Company, H.J. Heinz, Maple Leaf Foods Inc., McCain, Unilever Plc, and Amy's Kitchen Inc.
For the purpose of this study, Grand View Research has segmented the frozen food market on the basis of product and region:
Global Frozen Food Product Outlook (Revenue, USD Million, 2012 - 2020)
Frozen fruits & vegetables
Frozen potatoes
Frozen ready meals
Frozen meat
Frozen fish/seafood
Frozen soup
Global Frozen Food Regional Outlook (Revenue, USD Million, 2012 - 2020)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Asia Pacific
Japan
China
India
RoW
Brazil
Table of Contents
Chapter 1 Executive Summary 1.1 Frozen food - Industry Summary & Critical Success Factors (CSFs) Chapter 2 Frozen food Industry Outlook 2.1 Market Segmentation 2.2 Market Size and Growth Prospects 2.3 Frozen food Value Chain Analysis 2.4 Frozen food Market Dynamics 2.4.1 Market driver analysis 2.4.1.1 Growing availability of refrigeration media for commercial and industrial freezing 2.4.1.2 Availability of staple food in frozen packets 2.4.2 Market restraint analysis 2.4.2.1 High storage and logistics cost 2.4.2.2 Health concerns 2.5 Key Opportunities Prioritized 2.6 Industry Analysis - Porter's 2.7 Frozen Food - Company Market Share Analysis 2.8 Frozen Food - PESTEL Analysis Chapter 3 Frozen Food Product Outlook 3.1 Frozen Fruits & Vegetables 3.1.1. Market Estimates and Forecast, 2012-2020, (USD Billion) 3.2 Frozen Fish/Sea Food 3.2.1 Market Estimates and Forecast, 2012-2020, (USD Billion) 3.3 Frozen Potatoes 3.3.1 Market Estimates and Forecast, 2012-2020, (USD Billion) 3.4 Frozen Meat 3.4.1 Market Estimates and Forecast, 2012-2020, (USD Billion) 3.5 Frozen Soup 3.5.1 Market Estimates and Forecast, 2012-2020, (USD Billion) 3.6 Frozen Ready Meals Market 3.6.1 Market Estimates and Forecast, 2012-2020, (USD Billion) Chapter 4 Frozen Food Regional Outlook 4.1 North America 4.1.1 Market Estimates and Forecast, 2012-2020, (USD Billion) 4.1.2 Market Estimates and Forecast by Product, 2012-2020, (USD Billion) 4.1.3 U.S. 4.1.3.1 Market Estimates and Forecast, 2012-2020, (USD Billion) 4.1.3.2 Market Estimates and Forecast by Product, 2012-2020, (USD Billion) 4.1.4 Canada 4.1.4.1 Market Estimates and Forecast, 2012-2020, (USD Billion) 4.1.4.2 Market Estimates and Forecast by Product, 2012-2020, (USD Billion) 4.1.5 Mexico 4.1.5.1 Market Estimates and Forecast, 2012-2020, (USD Billion) 4.1.5.2 Market Estimates and Forecast by Product, 2012-2020, (USD Billion) 4.2 Europe 4.2.1 Market Estimates and Forecast, 2012-2020, (USD Billion) 4.2.2 Market Estimates and Forecast by Product, 2012-2020, (USD Billion) 4.2.3 Germany 4.2.3.1 Market Estimates and Forecast, 2012-2020, (USD Billion) 4.2.3.1 Market Estimates and Forecast by Product, 2012-2020, (USD Billion) 4.2.4 UK 4.2.4.1 Market Estimates and Forecast, 2012-2020, (USD Billion) 4.2.4.2 Market Estimates and Forecast by Product, 2012-2020, (USD Billion) 4.2.5 France 4.2.5.1 Market Estimates and Forecast, 2012-2020, (USD Billion) 4.2.5.2 Market Estimates and Forecast by Product, 2012-2020, (USD Billion) 4.3 Asia Pacific 4.3.1 Market Estimates and Forecast, 2012-2020, (USD Billion) 4.3.2 Market Estimates and Forecast by Product, 2012-2020, (USD Billion) 4.3.3 Japan 4.3.3.1 Market Estimates and Forecast, 2012-2020, (USD Billion) 4.3.3.2 Market Estimates and Forecast by Product, 2012-2020, (USD Billion) 4.3.4 China 4.3.4.1 Market Estimates and Forecast, 2012-2020, (USD Billion) 4.3.4.2 Market Estimates and Forecast by Product, 2012-2020, (USD Billion) 4.3.5 India 4.3.5.1 Market Estimates and Forecast, 2012-2020, (USD Billion) 4.3.5.2 Market Estimates and Forecast by Product, 2012-2020, (USD Billion) 4.4 RoW 4.4.1 Market Estimates and Forecast, 2012-2020, (USD Billion) 4.4.2 Market Estimates and Forecast by Product, 2012-2020, (USD Billion) 4.4.3 Brazil 4.4.3.1 Market Estimates and Forecast, 2012-2020, (USD Billion) 4.4.3.2 Market Estimates and Forecast by Product, 2012-2020, (USD Billion) Chapter 5 Competitive Landscape 5.1 Iceland Foods Ltd 5.1.1 Company Overview 5.1.2 Financial Performance 5.1.3 Product Benchmarking 5.1.4 Strategic Initiatives 5.2 Birds Eye Foods, Inc. 5.2.1 Company Overview 5.2.2 Financial Performance 5.2.3 Product Benchmarking 5.2.4 Strategic Initiatives 5.3 General Mills Inc 5.3.1 Company Overview 5.3.2 Financial Performance 5.3.3 Product Benchmarking 5.3.4 Strategic Initiatives 5.4 The Schwan Food Company 5.4.1 Company Overview 5.4.2 Financial Performance 5.4.3 Product Benchmarking 5.4.4 Strategic Initiatives 5.5 Ajinomoto Co. Inc. 5.5.1 Company Overview 5.5.2 Financial Performance 5.5.3 Product Benchmarking 5.5.4 Strategic Initiatives 5.6 Nestle 5.6.1 Company Overview 5.6.2 Financial Performance 5.6.3 Product Benchmarking 5.6.4 Strategic Initiatives 5.7 Unilever Plc 5.7.1 Company Overview 5.7.2 Financial Performance 5.7.3 Product Benchmarking 5.7.4 Strategic Initiatives 5.8 Maple Leaf Foods Inc. 5.8.1 Company Overview 5.8.2 Financial Performance 5.8.3 Product Benchmarking 5.8.4 Strategic Initiatives 5.9 McCain Foods Canada 5.9.1 Company Overview 5.9.2 Financial Performance 5.9.3 Product Benchmarking 5.9.4 Strategic Initiatives 5.10 Allens, Inc 5.10.1 Company Overview 5.10.2 Financial Performance 5.10.3 Product Benchmarking 5.10.4 Strategic Initiatives 5.11 Tyson Foods Inc 5.11.1 Company Overview 5.11.2 Financial Performance 5.11.3 Product Benchmarking 5.11.4 Strategic Initiatives 5.12 ConAgra Foods, Inc. 5.12.1 Company Overview 5.12.2 Financial Performance 5.12.3 Product Benchmarking 5.12.4 Strategic Initiatives 5.13 Heinz 5.13.1 Company Overview 5.13.2 Financial Performance 5.13.3 Product Benchmarking 5.13.4 Strategic Initiatives 5.14 Amy's Kitchen Inc 5.14.1 Company Overview 5.14.2 Financial Performance 5.14.3 Product Benchmarking 5.14.4 Strategic Initiatives Chapter 6 Methodology & Scope 6.1 Research Methodology 6.2 Research Scope & Assumptions 6.3 List of Data Sources List of Tables 1. Global frozen food - Industry Summary & Critical Success Factors (CSFs) 2. Global frozen food market estimates and forecast, 2012 - 2020 3. Global frozen food - Key driver analysis 4. Global frozen food - Key restraint analysis 5. Global frozen fruits & vegetables market estimates and forecast, 2012-2020, (USD Billion) 6. Global frozen fruits & vegetables market estimates and forecast, by region, 2012-2020, (USD Billion) 7. Global frozen potato market estimates and forecast, 2012-2020, (USD Billion) 8. Global frozen potato market estimates and forecast, by region, 2012-2020, (USD Billion) 9. Global frozen meat market estimates and forecast, 2012-2020, (USD Billion) 10. Global frozen meat market estimates and forecast, by region, 2012-2020, (USD Billion) 11. Global frozen soup market estimates and forecast, 2012-2020, (USD Billion) 12. Global frozen soup market estimates and forecast, by region, 2012-2020, (USD Billion) 13. Global frozen ready meal market estimates and forecast, 2012-2020, (USD Billion) 14. Global frozen ready meal market estimates and forecast, by region, 2012-2020, (USD Billion) 15. North America frozen food market estimates and forecast, 2012-2020, (USD Billion) 16. North America frozen food market estimates and forecast, by product, 2012 - 2020, (USD Billion)) 17. U.S. frozen food market estimates and forecast, 2012-2020, (USD Billion) 18. U.S. frozen food market estimates and forecast, by product, 2012-2020, (USD Billion) 19. Canada frozen food market estimates and forecast, 2012-2020, (USD Billion) 20. Canada frozen food market estimates and forecast, by product, 2012-2020, (USD Billion) 21. Mexico frozen food market estimates and forecast, 2012-2020, (USD Billion) 22. Mexico frozen food market estimates and forecast, by product, 2012-2020, (USD Billion) 23. Europe frozen food market estimates and forecast, 2012-2020, (USD Billion) 24. Europe frozen food market estimates and forecast, by product, 2012 - 2020, (USD Billion) 25. Germany frozen food market estimates and forecast, 2012-2020, (USD Billion) 26. Germany frozen food market estimates and forecast, by product, 2012 - 2020, (USD Billion) 27. UK frozen food market estimates and forecast, 2012-2020, (USD Billion) 28. UK frozen food market estimates and forecast, by product, 2012 - 2020, (USD Billion) 29. France frozen food market estimates and forecast, 2012-2020, (USD Billion) 30. France frozen food market estimates and forecast, by product, 2012 - 2020, (USD Billion) 31. Asia Pacific frozen food market estimates and forecast, 2012-2020, (USD Billion) 32. Asia Pacific frozen food market estimates and forecast, by product, 2012 - 2020, (USD Billion) 33. Japan frozen food market estimates and forecast, 2012-2020, (USD Billion) 34. Japan frozen food market estimates and forecast, by product, 2012 - 2020, (USD Billion) 35. China frozen food market estimates and forecast, 2012-2020, (USD Billion) 36. China frozen food market estimates and forecast, by product, 2012 - 2020, (USD Billion) 37. India frozen food market estimates and forecast, 2012-2020, (USD Billion) 38. India frozen food market estimates and forecast, by product, 2012 - 2020, (USD Billion) 39. RoW frozen food market estimates and forecast, 2012-2020, (USD Billion) 40. RoW frozen food market estimates and forecast, by product, 2012 - 2020, (USD Billion) 41. Brazil frozen food market estimates and forecast, 2012-2020, (USD Billion) 42. Brazil frozen food market estimates and forecast, by product, 2012 - 2020, (USD Billion) List of Figures 1. Frozen Food market segmentation 2. Global Frozen food market estimates and forecast, 2012 - 2020, (USD Billion) 3. Frozen Food - Value chain analysis 4. Frozen Food - Market dynamics 5. Frozen Food - Company market share analysis, 2013 6. Key opportunities prioritized 7. Industry Analysis - Porter's 8. Frozen Food PESTEL analysis, 2013 9. Global frozen food market share, by product, 2013 & 2020, (USD Billion) 10. Global frozen fruits & vegetables market estimates and forecast, 2012-2020, (USD Billion) 11. Global frozen fish/sea food market estimates and forecast, 2012-2020, (USD Billion) 12. Global frozen potato market estimates and forecast, 2012-2020, (USD Billion) 13. Global frozen meat market estimates and forecast, 2012-2020, (USD Billion) 14. Global frozen soup market estimates and forecast, 2012-2020, (USD Billion) 15. Global frozen ready meal market estimates and forecast, 2012-2020, (USD Billion) 16. Global frozen food market share, by region, 2013 & 2020, (USD Billion) 17. North America frozen food market estimates and forecast, 2012-2020, (USD Billion) 18. U.S. frozen food market estimates and forecast, 2012-2020, (USD Billion) 19. Canada frozen food market estimates and forecast, 2012-2020, (USD Billion) 20. Mexico frozen food market estimates and forecast, 2012-2020, (USD Billion) 21. Europe frozen food market estimates and forecast, 2012-2020, (USD Billion) 22. Germany frozen food market estimates and forecast, 2012-2020, (USD Billion) 23. UK frozen food market estimates and forecast, 2012-2020, (USD Billion) 24. France frozen food market estimates and forecast, 2012-2020, (USD Billion) 25. Asia Pacific frozen food market estimates and forecast, 2012-2020, (USD Billion) 26. Japan frozen food market estimates and forecast, 2012-2020, (USD Billion) 27. China frozen food market estimates and forecast, 2012-2020, (USD Billion) 28. India frozen food market estimates and forecast, 2012-2020, (USD Billion) 29. RoW frozen food market estimates and forecast, 2012-2020, (USD Billion) 30. Brazil frozen food market estimates and forecast, 2012-2020, (USD Billion)
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