Frozen Processed Food Market :The Variety Of Options To Choose From In Lean Meat Helps to Amplify Industry Demand

Increase in disposable income is also adding fuel to the demand of frozen processes food market. Another reason that can lead to increase in revenue generation of this market is growing number of refrigerators in various developing countries.

The changing lifestyles of the global population marked with busy schedules are driving the consumption of frozen processed food worldwide. With less time to cook elaborate and nutritious meals, an increasingly high number of consumers are opting for convenient meal options. This trend is especially making a pronounced impact on the revenues of the frozen processed food market in countries such as India, the U.S., China, and the Philippines.

According to Transparency Market Research, the global market for frozen processed food was US$57.50 bn in 2014 and will be worth US$69.11 bn by 2021 exhibiting a CAGR of 2.7%.

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Tyson Foods Inc. is one of the leading brands for supplying branded organic chicken through its acquisition of Tecumseh Poultry LLC. However, the terms of the deal has yet been disclosed. This brand produces air chilled and fresh chicken in a variety of choices.

  • Consumers are shifting their preference to frozen food because of constrained ability and time to cook. This means they get prewashed, precut, and afterward frozen ready to cook food. This is helping with the rise in demand.

  • The manufacturers are engaging in cutting edge strategies and product development to increase the quality of processed and frozen items. This will increase the consumption rate of the same.

  • The change in perception of consumers about frozen processed food is likely to increase the demand for processed food. Consumers are considering processed food as alternatives to food and not just a convenient way to cook.

  • There is an increase in supply of food that are natural, characteristic, no additives, and sound frozen processes food.

  • North America is the leading region in regards to consumption of frozen processed food. It will be acquiring major share in the revenue generation of the same.

  • The awareness among people in North America with the lifestyle is likely to boost the growth.

  • Asia pacific will be the emerging region in the consumption of frozen processed food with a CAGR of 7.5% by 2021.

  • The advancement of technologies with development of new items with cost effective range of prices will increases revenue generation in Asia Pacific.

  • Frozen processed poultry segment is likely to lead in the consumption of frozen processed food products.

  • There is a constant demand for frozen nuggets, chicken sausage, chicken popcorn, and shredded chicken. This will constantly benefit the frozen processed food demand.

  • Majority of consumers are shifting from red meat to lean meat thus contributing value worth of US$9.91 bn by 2021.

  • The variety of options to choose from in lean meat is one of the leading factor.

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Some of the key players in the global frozen processed food market engaged in providing the service are BRF S.A., General Mill, ConAgra Foods, Inc., Nestle S.A., Unilever plc, and Tyson Food Inc. these companies are focused on innovating products to deliver items that is suitable for dietary needs and myriad palates. They are also focusing on strengthening their retail networks

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Ganesh Rajput

As one of the lead news writers on CMFE News, Ganesh’s specialization lies in the science and technology domains. His passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Ganesh’s take on the impact of digital technologies across the science, technology, and business domains gives his writing a fresh and modern outlook.

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