Published By : 06 Jan 2016 | Published By : QYRESEARCH
Frozen foods have a high convenience quotient associated with them, especially in parts of the world that are heading towards urbanization. Increasing number of women in the workforce, busy lifestyles, increasing purchasing power, and availability of a large range of frozen foods of different types are the reasons for this. For all the right reasons, frozen foods are considered as the convenient ready foods of the next generation.
Foods, wherein all the moisture in the food is in solid state are frozen foods. Some of the key categories of frozen foods are fruits and vegetables, meat, fish/seafood, potatoes, ready meals, and soup. Of these, ready meals account for the largest market share in the global frozen foods market due to economic and cultural reasons.
Players that are involved in the business of frozen foods need to adhere to stringent hygiene and temperature setting requirements in the processing facilities that are governed by food regulatory agencies. However, the dependency third-party distributors to reach the end users challenges top players to adhere to these specifications.
Cultural food choices also come in the way for the acceptance of frozen foods on a regular basis. More so, regions that have abundance of fresh ingredients year-round, preparing fresh meals on a daily basis is the standard practice of most homes. Nonetheless, the consumption of frozen foods in the U.S. is altogether different. Each year, the country records sales of frozen foods more than US$4 billion.
Europe also stands as a major region for the consumption of frozen foods. Large number of working women, busy lifestyles, and availability of a wide range of frozen foods are the reasons for this. In the region, Germany stands as the largest consumer for frozen foods. However, in the coming years, Asia Pacific will emerge as a significant market for frozen foods. Developing economies of China and India will be the chief contributors to the revenue of this market. Economic development in Brazil and Argentina will contribute to the development of the frozen food market in Rest of the World region. North America is a mature market for frozen foods due to early advancement of food processing and preservation technologies.