The frozen food market in Asia Pacific is developing as the rate of working women around the region incremented along with their busting schedule. The key drivers for development in the local market are an expansion in the number of laborers and furious working routine. Along with this, the accommodation of an active way of life and the expanded interest in ready to eat food has enhanced the product adaption. An increase in the young population is probably going to positively affect the general interest for frozen food products, particularly due to a rising degree of extra cash and a decrease in the time allotted for cooking. In addition to that, innovation in products can prompt interest during the predicted time frame. As the desires for quality frozen food customers have mounted, China, India, and Japan have been the main market for frozen food utilization. The market is divided into various worldwide and nearby organizations.
As per a recently published report of Bonafide Research,” Asia-Pacific Frozen Food Market, By Value, By Segment (Potato, Fruit & Vegetable, Ready Meal, Meat & Poultry, Seafood/Fish), By Country (China, Japan, Australia, India, Etc.), By End User (Commercial, Residential), By Sales Channel (Supermarket, Individual Retailers, Online), Market Outlook, 2025”, the frozen food market of Asia Pacific have crossed the value of USD 48 billion in 2019 and is predicted to grow further by the end of the forecasted period. The Asia Pacific market is available with new trends and drivers which are forcing the industry to do continuous innovation in each segment. An increase in demand for frozen food led to the growth of each segment such as frozen ready meals, frozen meat, and poultry, frozen fruits, and vegetables, etc with an increase in a hectic life and change in consumer buying patterns. Out of these forms of frozen foods; frozen meat products generate the highest revenue and very much popular among consumer diets. In recent years with changing consumers attraction towards convenience and on the go food, preference towards frozen ready meals has increased. The continuous improvement and innovation in the quality of these products led to an increase in demand in the market.
Frozen food has come a long way in terms of offering product variants and quality of food. However, it still seen and choose by the consumer as a second fiddle to fresh product and perceived as a backup option when the customer is not able to purchase grocery items or fresh items have run out. The individuals who purchase more frozen food are parents with the responsibility of kids as well as work and the older generation who show higher engagement in consumption all types of food. On the bases of consumption, the foodservice market is evaluated to represent the large portion in the Asia Pacific market which includes caf?, quick service restaurants, bars, lodging, and healthcare.
The frozen food market in the Asia Pacific has always focused on the new product innovation and continuous improvement of products in a different segment. The digitalization of the retail market industry has seen a change in the purchase from the traditional market to buying frozen food on e-commerce which helps the consumer and makes it convenient to pick products as per their preference. Consumers can compare a variety of products from various brands without consuming much time on online shopping.
Until 1990's the dominant edible oil produced and consumed in India were mustard, sesame, and groundnut. The technological, economic and policy changes thereafter induced dynamics in consumer demand for food, includRead More
It was in early 2008 when the central launched a scheme to sell palm oil through ration shops at subsidized rates, further the state governments adding up certain subsidiaries. Even though the scheme is still providRead More
These oils have been a part of almost all Indian kitchens, which is one of the most likely factor that would influence the purchase decision of the next generation. Sunflower oil being promoted as one of the healthyRead More
Even though the soybean’s production is on the rise, the consumption pattern is in opposition, with the people preferring lower-priced palm oil over soybean oil. On the other hand, the traditionally consumed cottonRead More
Not only known for their direct consumption, but the crops of rice, mustard, and groundnut are extremely popular for their oils too. Yet, it can be said that these crops are not extracted to its potential, as stillRead More
Globally the taste of chocolate has allured large populations instead of being just a tasty treat for kids. Chocolates are considered the most popular as well as the most loved food and beverage products consumed byRead More