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After a stunning period of growth in the demand for frozen food during the COVID-19 pandemic, the market is estimated to witness higher adoption during the forecast period. - Actual Market Research
Jun, 07
2020

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After a stunning period of growth in the demand for frozen food during the COVID-19 pandemic, the market is estimated to witness higher adoption during the forecast period. - Actual Market Research

 

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Frozen foods lead to an increase in the shelf life of the food without losing its nutrients. This has led the companies invest in various technologies to store refrigerated dough, frozen vegetables, and meat, which are partially or fully cooked. Factors determining the frozen food market are the preference for fresh and natural food products in the event of unavailability of home-cooked food. Consumers are now more inclined toward the health and quality of frozen food they purchase, and in addition to that, there is an increase in demand for premium food and nutrition products. The reduction of the joint family to a nuclear family has given rise to the adaption of such products due to their busy lifestyle. This has allowed the manufacturers to produce new products to meet the rising demand for frozen food among consumers. The utilization of frozen foods has also been driven by hotel chains, fast food restaurants, and cash & carry outlets.

According to the report "Global Frozen Food Market Research Report, 2027" published by Actual Market Research, the global frozen food market grew dynamically with a CAGR of above 3% historically with around USD 220 Billion market size. This significant growth has largely been supported by frozen meat products, which include frozen beef, pork, chicken, and poultry, mutton, lamb, and others. The advantages of having vitamins and minerals intact for a longer period of time as freezing conserves the products have let the market grow rapidly.

People are increasingly turning to frozen fruits and vegetables to get the nutrition they require. Exotic or seasonal fruits and vegetables are now widely available, with vitamins and minerals carefully preserved by freezing. The awareness regarding protein and nutrition has led to significant demand for frozen fish and other kinds of seafood owing to the demand for longer shelf life by the millennial consumer with a hectic schedule that prevents them from running for fresh cooking ingredients. Individually quick-frozen, a developing trend, means that all the things in a frozen food parcel are frozen exclusively, and not in a block. The strategy includes sending each bit of food through a blast chiller on a transport line or conveyor belt. This guarantees significant freshness in the food items after defrosting. When frozen using the IQF procedure and pressed in a container, lidded plate, or frozen and crystallized PET plate, a measure of peas, for example, will sell faster due to its freshness when compared to one frozen using the traditional refrigerant method.

Given consumption, the foodservice segment is assessed to represent the biggest offer in the frozen food market in the current period and the future as well. The foodservice industry incorporates eateries, QSRs (Quick Service Restaurants), bars, and lodgings. Among these, QSRs rule the food service business in the frozen food market because of the high commitment, for example, McDonald's, Starbucks, Subway, Burger King, Pizza Hut, KFC, and Dominos, etc.