(PharmaNewsWire.Com, January 23, 2018 ) Europe Frozen Processed Food market is anticipated to grow at a 2.81% CAGR from 2016 to 2021 and it is estimated that the Europe market was valued at USD 9.68 billion in 2016 and is relied upon to achieve USD 11.12 billion by 2021.Due to busy lifestyle coupled with changing preferences among consumers towards ready to cook meals due to conveniences and hygiene is anticipated to remain a main driving factor for the overall industry. Compared to the fresh ones, these products contain maximum vitamins and minerals because freezing preserves the products for prolonged periods without any preservatives and deters against any microbial growth that causes food spoilage.
Frozen processed food items are perceived as a healthy as natural food item among the consumers across the world, more consumers are gradually shifting towards the consumption of frozen processed food in order to maintain a healthier lifestyle is one of the major drivers for the frozen processed food market. Moreover, due to the rise in health awareness among the consumers, they are looking to reduce the consumption of ready to eat food items, and are shifting towards the consumption of frozen processed food as they are seen as a healthier alternative. Furthermore, the vast product range of frozen processed food products due to product innovation is commenced by the manufacturers operating in the global frozen processed foods market is another factor driving the market. In addition, due to the busy lifestyle of the consumers in the developing regions including Asia Pacific and Middle East, they are looking for the consumption of food items which would address their health requirements and are convenient at the same time. This factor is also fueling the demand for the global processed food market.
The Europe market for Frozen Processed Food is segmented into Product. On the basis of Product, it is segmented into Frozen Fruits & Vegetables, Frozen Potatoes, Frozen Ready Meals, Frozen Meat, Frozen Fish/Seafood, Frozen Soup, and Other Products. The frozen processed poultry held the largest market share followed by the frozen processed sea food segment. However, the frozen processed sea food segment is expected to surpass the frozen processed poultry segment in terms of revenue share. The frozen processed red meat segment held the largest market share and is projected to remain the market leader during the forecast period. On the basis of geography, the market is analyzed under various regions namely Germany, Italy, Spain, U.K. and France. Consumer preference towards hygiene related frozen products coupled with the new trend of online grocery purchase is expected to have a positive impact on the regional growth over the forecast period. Moreover, the European Food Safety Authority is also imposing a restraint on the use of artificial flavors, additives, and other contact materials.
Some of the major companies dominating the market are ConAgra Foods, Inc, Nestle S.A., Tyson Foods Inc., Unilever plc, BRF S.A., General Mills Inc, Ajinomoto Co. Inc.,Unilever Plc, Allens, Inc, Heinz, and Amys Kitchen Inc.
Scope of the Report: Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of Product along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the Europe Market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analyzing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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