The global Frozen Food Market is expected to be on a splendid growth spree In Upcoming Years. Every vertical is onto the creation of a talent pool to cater to the demands from the public as well as the private sector. Moreover, the emphasis lays on a digital pool of ready-to-hire, experienced, and highly skilled professionals. With close to 10K investment opportunities over the next 10 years, the future is there to witness an escalation herein.
The global frozen foods market is presently valued at nearly US$ 161 Bn, and is expected to rise at a steady CAGR of 4% to attain an estimated worth of nearly US$ 240 Bn by 2031.
Busy life schedule is influencing consumers to shift their dietary preferences towards ready-to-eat food products. Hence, frozen foods have become an important part of modern diet.
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Company Profiles:
- Nestlé S.A.
- Ajinomoto Co., Inc.
- Kraft Foods Group, Inc.
- ConAgra Foods, Inc.
- General Mills, Inc.
- H. J. Heinz Company.
- Tyson Foods, Inc.
- Unilever PLC.
- Maple Leaf Foods Inc.
- Pinnacle Foods Inc.
- Other.
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Freezing or refrigeration allows consumers to have access to foods which were either unavailable or available only during particular season. Also, freezing helps the consumers to preserve their food products for future use.
Availability of wide range of frozen foods products in different food categories is the factor driving the global frozen foods market. Other driving factors are changing customer purchasing pattern an increasing urban population.
Additionally, increasing number of working women is driving the global frozen foods market. Majority of working women in the western countries don’t cook food at home.
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Europe has the largest market share for frozen foods, followed by North America and Asia Pacific. In Asia Pacific, economic developments paired with increasing urbanization and disposable income are some factors driving the frozen foods market in the Asia-Pacific region. Owing to these factors, Asia Pacific is expected to witness highest growth in the forecasted period.
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