Availing the research developed by Persistence Market Research on the global frozen foods market, industrialists and market strategists can deduce the key factors driving the market’s growth and use the risk assessment information for directing the growth of their frozen foods businesses. The report illustrates how the busy lifestyle of consumers from across the world has changed their diets drastically. With nearly no time & talent to spare on cooking raw food materials, consumers are opting for ready-to-eat food products. The global market for frozen foods continues to be driven by such consumption preferences. A key aspect that promotes the consumption of frozen foods is the freezing or refrigeration of such products that makes them suitable to eat in any season. Preservation, wide range or products, and favorable purchase patterns of consumers contribute towards higher sales of frozen foods.
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Among such factors, the demanding work culture exhibited by urban consumers will be a significant reason underlying the extensive demand for frozen foods. Hectic lifestyles and greater time required for cooking and food preparation have catapulted the consumption of frozen food products in cities. Frozen food products are also being preferred as they can be readied to eat at any temperatures and after variable time span. The report includes a segmentation based on which types of frozen food products are prominent in the global market. Segmentation on the basis of product-types helps to assess the specific growth of a particular product in the growth of the global frozen foods market.
The global frozen foods market is further segmented on the basis of key regions in the world. According to the report, Europe will continue to procure the largest market share in the global frozen foods market. North America and Asia-Pacific will be emerging regions with respect to the growth of global frozen foods market. Economic developments and rising urbanization, coupled with the growing disposable incomes, in Asia-Pacific region will supplement its presence in the expansion of the global frozen foods market over the forecast period of 2014-2020.
The report further profiles the leading companies in the global frozen foods market on the basis of their strengths, weakness, trends and opportunities. The competitive landscape in the global frozen foods market includes leading manufacturers of frozen foods products, distributors, as well as global F&B players instating a dedicated division for frozen foods.
To deduce the global frozen food market size, the report considers various aspects based on secondary research. Furthermore, key data points such as region-wise split and market split by product type, vehicle type, and distribution channel; and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated and expected revenue contribution in the global frozen food market.
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The report begins with sizing the market in terms of value and volume for the base year, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, gathered data is triangulated via different analysis based on supply side and demand side drivers and other key dynamics of the global frozen food market. To develop the market forecast, Persistence Market Research has also conducted a factor analysis to understand the impact of various forces/factors on the target market. The report provides forecasts not only in terms of CAGR but also presents a detailed analysis based on key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities.
Another key feature of this report is an analysis of the global frozen food market and the corresponding revenue forecast in terms of absolute dollar opportunity, usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global frozen food market. Further, to understand key segments in terms of their growth and overall global frozen food market performance, Persistence Market Research has developed a market attractiveness index to help providers identify existing market opportunities in the global frozen food market.
This post was originally published on Info Street Wire