Fast paced lifestyle and sedentary work culture are considered as the two most significant elements that are responsible to change cooking food techniques in urban areas. The increasing demand for time saving approach in traditional cooking has led to shift from conventional raw food cooking to refrigeration of food/ meals and beverages. Refrigeration plays a vital role in the global food and beverages supply chain where frozen storage has gained prominence in the overall value chain of food & beverage industry. In addition, growing consumption of frozen food among working population is expected to increase production of frozen ready meals during the forecast period.
According to FMI report, by the end of 2026, the frozen ready meal sales is estimated to record US$ 47.0 Bn worth in global market and expected to register moderate CAGR of 4.3% during the forecast period.
What are the essential factors to influence demand for frozen ready meals?
- Advantages like easy-to-prepare and low loss of nutritive values is anticipated to increase consumption of frozen ready meal
- Extended shelf life of frozen ready meal products to increase its sales globally
- Growing accessibility to refrigeration facilities in transport medium to strengthen cold chain globally
- Provision of advanced packaging solutions to ensure high quality and safety of frozen meals
- Complexities in logistics coupled with the growing concern about diversified food safety standards by regulatory bodies to affect frozen ready meal market growth avenues
Why is the demand for frozen chicken meal rising globally?
Chicken food/ meal is identified as the most consumed food produce among global population as compared to sea food and beefs. Increasing number of fast food chains are focusing to deliver food menus with maximum variety in chicken meals. Thus, frozen food manufacturers are strongly focusing to offer frozen chicken ready meals to consumers. Thereby, market players are highly likely to gain maximum value share of nearly one third of the total revenue from the frozen ready chicken meal sales during the forecast period.
Where can frozen ready meal producers gain high profitability among sales channel?
Frozen ready meals producers find a variety of medium of sales channels for marketing of its food products. This includes food chain services, departmental stores, online stores and modern trade stores among others. Out of these, food chain services is expected to witness robust growth followed by the modern trade outlet. Frozen ready meals are estimated to be valued at US$ 16.6 Bn through food chain services medium around the world.
Where can frozen ready meal producers find potential opportunities for market expansion?
The Asia-Pacific excluding Japan (APEJ) is witnessing ever growing population which leads to increase in urbanization. Gradual adoption of western culture in lifestyle and food habits is expected to increase consumption of frozen ready meals in this region. Thereby majority of frozen ready meal market players are expected to strengthen its market position in this region during the forecast period. Thus, frozen ready meal market is anticipated to witness highest growth in this region. Moreover, technological developments in food chain services in developed regions like Europe and North America is expected to attribute to moderate growth in frozen ready meals sale during the forecast period.
Major companies like California Pizza Kitchen, McCain Foods Ltd., General Mills, Nestle S. A., Dr. Oetker GmbH, Connies Pizza, H. J. Heinz, Conagra Brand Inc., FRoSTA AG, Daiya Foods Inc. and Atkins Nutritionals operating in food industry are expected to account for potential value share in frozen ready meals market. Several market participants are likely to collaborate with advanced packaging solutions providers in order to follow food safety standards. Growing adoption of innovative machineries that offer cook-assemble-freeze technology is expected upsurge the production of frozen ready meals in the near future.
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