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A feast waits for the quick way to relish taste buds in the coming years - Bonafide Research
Jun, 07
2020

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A feast waits for the quick way to relish taste buds in the coming years - Bonafide Research

 

Global-Frozen-Food-Outlook-2025
The demand for frozen food products has increased globally which has been led by consumers changing habits, improved transportation facilities, and increased demand from emerging nations. Frozen foods led to an increase in the shelf-life of the food without losing its nutrients. This has let the companies invest in various technologies in order to store refrigerated dough, frozen vegetables, and meat which are partially or fully cooked. Factors deriving the frozen food market are the preference for fresh and natural food products in case of unavailability of home-cooked food. The consumers are now more inclined toward the health and quality of frozen food they purchase and in addition to that there is an increase in demand for premium food and nutrition products. The reduction of the joint family to a nuclear family has given rise to the adaption of such products due to their busy lifestyle. This has allowed the manufacturers to produce new products to meet the rising demand for frozen food among the consumer. The utilization of frozen foods has been mainly derived by hotel chains, fast food restaurants and cash & carry outlets.

According to the report “Global Frozen Foods Market By Value, By Product Type (Potato Products, Fruit & Vegetable, Meat & Poultry, Ready Meals, Seafood & Fish Products), By Region (North America, Europe, Asia-Pacific, Latin America, Middle-East, Africa), By End User (Commercial, Residential), By Sales Channel (Supermarket, Individual Retailers, Online), (Trend & Forecast) Outlook, 2025” published by Bonafide research shows that the overall frozen food market has grown at a rapid pace with a CAGR of above 3% in the last couple of years. This significant growth has largely been supported by frozen meat products which include frozen beef, pork, chicken & poultry, mutton, lamb, and others. The advantages of containing maximum vitamins and minerals as freezing conserves the products for long periods have let the market grow rapidly and are further expected to grow at the CAGR of above 4% in the coming years.
Nowadays people have been hugely attracted to frozen fruits and vegetables in order to get the needed nutrition. The reason for that the fresh fruits and vegetables are plugged before getting fully ripen which restricts in development of needed nutrients and then they are transported, reach to the market which is later brought by the consumer. On the other hand, there has been a rise in the demand for frozen ready meals as the number of the working population, college student population has increased globally which provides less time for the preparation of meals. The awareness regarding protein and nutrition led to significant demand for frozen fish and other kinds of seafood owing to the demand for longer shelf life by the millennial consumer with a hectic schedule that stops them from running for fresh cooking ingredients.

Trends experienced in the market

Individually quick frozen- a developing trend which means that all the things in a frozen food parcel are frozen exclusively, and not in a block. The strategy includes going of each individual bit of food through a blast chiller on a transport line or conveyor belt. This guarantees freshness in the food items significantly subsequent to defrosting. A measure of peas for instance, whenever frozen utilizing IQF procedure and pressed in a container, lidded plate, or frozen and crystallized PET plate will sell quicker attributable to its freshness when compared with the one frozen utilizing the traditional refrigerant method.
In view of consumption, the foodservice segment is assessed to represent the biggest offer in the frozen food market in the current period and in the future as well. The foodservice industry incorporates eateries, QSRs (Quick Service Restaurants), bars, lodgings, and healthcare. Among these, QSRs rule the food service business in the frozen food market because of the high commitment, for example, McDonald's, Starbucks, Subway, Burger King, Pizza Hut, KFC, and Dominos, etc.