Market Research Future (Food and Beverages) Frozen Food Market Research Report | Page 4

Global Frozen Food Market Research Report- Forecast to 2023
3 Sample Pages
Regional Analysis:
The global Frozen Food market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW).
Among these, Europe region is expected to retain its dominance throughout the forecast period and will grow at a
CAGR of 4.03%. Asia-pacific will be the fastest growing region in the frozen Food market, market value will grow at
a CAGR of 4.81% and high growth in emerging economies such as China, India, Japan and ASEAN countries. Latin
American countries, offers ample opportunities for expansion to major players. The high consumption of processed
and convenience food products in growing economies of Asia-Pacific and Latin America and growing demand for
ready meals and sea food especially in China and India will support the market growth during the review period.
Segments
Frozen food market has been segmented on the basis of product type which comprises of ready-to-eat
products, meat & poultry, vegetable & fruits, potatoes, soup, sea food and others. Among all the segments,
ready-to-eat food accounts the highest market proportion over the past few years and it is projected to
dominate the frozen food market during the forecast period. However, sea food segment will be expanded
at a high growth rate over the forecast period.
Frozen food has been segmented on the basis of end user which includes food service, retail customers.
Food service segment will witness higher growth rate than the retail customers over the forecast period.
Frozen food has been segmented on the basis of distribution channel which comprises of hyper markets
& super markets, specialty retailers, convenience stores, independent stores.
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