Frozen food is described as food that has been preserved at a low temperature and can be used for an extended length of time. The product market includes a wide range of food products such as ready meals, vegetables and fruits, potatoes, meat and poultry, fish, and soup. Packaged ready-to-eat foods, bakeries, snacks, and desserts are also included in frozen ready meals. Hotels, caterers, restaurants, and fast food chains are among the primary users of frozen food goods such as frozen vegetables and fruits, potatoes, and non-veg products.
Frozen meat and poultry, as well as seafood, are among the most popular supermarket commodities in North America and Europe. Europe has the largest frozen bakery and dessert market. In markets such as India, the retail frozen food business is still in its infancy. However, it has been steadily growing in recent years.
Increase in use of frozen food products by giants such as KFC, McDonald’s, Pizza Hut, Subway, and Frozen Potatoes acts as a key driver of the global frozen food market. Moreover, the utilization of these products by numerous end users such as full-service restaurants, hotels & resorts, and quick service restaurants is expected to drive the growth of this market.
The world has witnessed a significant growth in the women employment rate. With increase in number of employed women, it becomes significantly difficult for them to cook meals, which results in consuming frozen ready meals. For instance, according to the United States Department of Labor, the U.S. female employment rate in 2019 was 46%. Similarly, in China, the women employment rate was around 43.7%, and in South Africa it was around 45%. All these factors collectively drive growth of the market during the forecast period. Popular frozen ready meals include Birds Eye 4 Chicken Pies, mini cottage pie, smoked haddock kedgeree, and broccoli & cheddar bake.
The report segments the market into product type, user, and region. On the basis of product type, the market is categorized into frozen ready meals, frozen meat & poultry, frozen seafood, frozen vegetables & fruits, frozen & refrigerated soups and frozen potatoes. By end user, it is classified into food service industry, and retail users. Region wise, it is analyzed across North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Argentina and rest of LAMEA).
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