(Entertainment-NewsWire.com, November 08, 2017 ) Frozen food products are the food products like ready-to-eat meals, fruits & vegetables, meat & poultry, sea food, soups and similar others, which requires subzero temperature level preservation, for quality preservation and also for a longer shelf life. With shifting preferences among consumers towards ready to cook meals owing to conveniences and hygiene, the market for Frozen foods is witnessing huge potential profits.
The market for frozen foods in Asia-Pacific region is mainly driven due to factors like rising demand from emerging economies, constant product innovation, and attractive packaging that are helping the frozen food market attain a high growth rate. The market growth can be restricted due to issues like inadequate distribution facility in semi-urban and rural areas, along with lack of proper refrigeration facility in retail stores.
Asia-Pacific market for Frozen Foods is segmented based on product type and end- user. By product type, the market is further sub-segmented into frozen ready-to-eat meals, frozen meat & poultry, frozen sea food, frozen vegetables & fruits, frozen potatoes and frozen soup. Frozen ready-to-eat meals segment leads the market, accounting for 35% of the total market, due to increased popularity on account of hygiene and timely preparation. Frozen potatoes segment is anticipated to be the fastest growing segment in the forecast period, with these products having high nutritional value and delicious nature.
Geographically, Asia-Pacific market for Frozen Foods is segmented into China, India, Japan, South Korea and Australia. Asia-Pacific market is the fastest growing market in the world market. Economic developments paired with increasing urbanization and disposable income are encouraging the firms involved in this sector to establish their manufacturing and consumer bases in the emerging economies of Asia-Pacific region.
Kraft Foods Group Inc., Kellogg Company, Nestle S.A., Ajinomoto Co. Inc., Cargill Incorporated, Ralcorp Frozen Bakery Products Inc., Amy’s Kitchen Inc., Unilever plc, The Schwan Food Company, ConAgra Foods Inc., Maple Leaf Foods Inc., General Mills Inc, Heinz, are the major players of Asia Pacific Frozen Foods market.
About Market Data Forecast: The publisher of this report is Market Data Forecast whose forte lies in Market research and Business Intelligence. Handling both individual and corporate clients across multiple business domains they offer syndicated/customized research to suit the client’s research objective. Their research reports section offers a wide variety of market studies ranging from all-encompassing comprehensive market studies to product specific niche markets covering North America among other regions of the global market as well. For more info kindly visit, www.marketdataforecast.com