Latin-America Frozen Food (Potato Products, Fruit & Vegetable, Meat & Poultry, Ready Meals, Seafood & Fish Products) Market Outlook, 2027

In Latin America, the people have started to spend their income on the varieties of the foods. The growth of the economy of Latin America is leading to the improvement of the individual’s lifestyle. As the working population of Latin America is increasing the lifestyle of the individuals is becoming more and busier than before and it makes them to unable to make routine food for them. In the workforce of Latin America the increase of the women, young individuals who lived alone for study or job purpose which is directly or indirectly increasing the consumption of the frozen foods in the market. The people are becoming aware of the healthy & nutritious foods. The disease caused by unhealthy food especially meat products, has have diverted their focus on frozen foods.

The report is entitled “Latin-America Frozen Food Market Outlook, 2027” provides an in-depth analysis of Latin-America's frozen food segment. The growth of the economy of Latin America is leading to an improvement in an individual’s lifestyle. The region is at the developing stage in the frozen food adaption rate, the market is anticipated to grow with more than 5% of CAGR by 2027. As the working population of Lain America is, improving the lifestyle of the individuals & busier work schedules, make them unable to take out time to cook an elaborate meal. The workforce of Latin-America has viewed an increase in working women and the young individual which is leading to an increase in the consumption of frozen food products. The people are becoming aware of healthy & nutritious foods. The disease caused by unhealthy food and the least fresh food has diverted their focus on frozen foods.

Increasing demand from Latin America will boost its market growth. The major opportunity in the frozen vegetables industry is the rise in demand from developing countries of Latin America. Brazil and Argentina are one of the leading markets in the region. Emerging economies in Latin America are contributing to the growth of the frozen vegetables market and are providing huge opportunities for this market. Many food companies and outlets have expanded their presence in the Latin America frozen vegetables market. Growth of quick service restaurants and foodservice outlets in the region has been one of the major opportunities for the frozen vegetables market to grow in these regions.

In addition to that, e-commerce is playing the part in increasing the demand for the products. It is considered as the most convenient means of purchasing the products. The consumers are getting there appropriate products which they desire in whichever forms of it like slice, cube, peeled, cooked, baked, half-cooked. The products are going too used as the industrial uses as well as the household and accordingly the companies are providing the varieties of the products. The production and packaging processes and systems are improving on the grounds of the demand increase of the products.

Latin America's frozen food segment is segmented into frozen potatoes, frozen vegetables, & fruits, frozen ready to eat meals, frozen meat & poultry, and frozen fish & seafood. Among all the frozen food products present in the region's frozen food market potato, meat and poultry generate more than 55% of the region’s frozen food revenue share. Expansion of the products in the region has been led by the growth accompanied by major countries like Brazil, Argentina, Chile, Colombia, etc. Out of these countries, Argentina has recorded the fastest growth and has all the expectation to continue the same trend during the forecast period. Further, consumption of frozen food products in the region have been uplifted with the increased availability from retail channels like supermarkets & hypermarkets. Distribution of products from such sources is generating a major part of revenue for Latin America's frozen food segment.

Covid-19 Impacts:
Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of Latin America has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that Latin America will face lower export revenues, both from the dropping commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several countries of Latin America will reduce economic activity in the manufacturing sectors for at least the next quarter, with a rebound once the epidemic is contained.

Major companies present in the market
General Mills Inc., Kraft Heinz Company, Ajinomoto Co. Inc, Cargill Incorporation, Nestle S.A., Kerry Group, Grupo Bimbo S.A.B. De C.V, Mccain Foods Limited, Tyson Foods, Inc., Kellogg Company, JBS S.A, Hormel Food, Rich Product Corporation

Considered for the report:
-Geography: Latin America
-Historic year: 2016
-Base year: 2021
-Estimated year: 2022
-Forecasted year: 2027

Aspects covered in this report
-Latin America frozen foods market with its value and forecast along with its segments
-Country-wise frozen foods market analysis
-Various divers and challenges
-Ongoing trends and developments
-Five force models
-Top profiled companies
-Strategic recommendation

Countries covered in the report
-Brazil
-Argentina
-Chile
-Columbia

By Product Type
-Frozen potato
-Frozen fruits & vegetable
-Frozen ready meal
-Frozen meat & poultry
-Frozen fish & seafood

By End User
-Commercial
-Residential

By Sales Channel
- Supermarket /modern retail/ hypermarket
-Independent Retailers / Departmental /convenience store
-On-line Shop

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering, the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to the frozen food products industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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