Market Research Future (Food and Beverages) Frozen Processed Food Market Research Report | Page 3

Frozen Processed Food Market Research Report - Forecast to 2023
2 Market Overview
Foods made to undergo certain changes by physical and chemical means to impart certain properties into them.
Food, including ready-to eat foods, undergo processing to enhance their shelf-life. There are various methods used
to process food products, freezing being one of the most popular techniques used globally. Freezing of food products
is carried out at a temperature of -6°F which tends to inhibit the bacterial growth. Additionally, the process has gained
its popularity based on the effectiveness and relatively low production cost of the processed foods produced by this
technique.
Retained organoleptic property and nutritional value of the end-product is one of the key drivers supporting the
growth of frozen processed food market. The shift in consumer lifestyle and increasing demand for “grab-and-go”
convenience food have been supporting the sales of frozen processed foods. Increasing per capita disposable
income and improving economic conditions in various countries have resulted in consumers having access to a wide
range of food options, in turn, fueling the market growth. Increasing demand for frozen, sweetened bakery products
from the youth population is also influencing the growth of the market. Owing to these factors, the market for frozen
processed foods is projected to witness a CAGR of more than 5% during the forecast period from 2017 to 2023.
Regional Analysis:
Among regions, North America is projected to dominate the market. The major factor supporting the high market
share in North America is high consumer inclination towards convenience foods.. The hectic lifestyle and increasing
population of working women majorly in the U.S. has a positive impact on the frozen processed food market.
Increasing investments by key players in the R&D sector is also supporting the market growth. However, increasing
consumer awareness about the demerits of consumption of processed food is identified to be one of the major
restraints for the market growth.
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