The Global Market for Frozen Foods is Growing Exponentially was originally seen on https://www.freezedrymeal.com/
If there is one thing that is for sure, it is that healthy frozen meals have become quite common these days. In fact, ever since nutritionist declared these foods as healthy, just like fresh vegetables, many people treat them as the best option when they have less time to cook.
According to a report published on the Caterer, the frozen food is worth more than 8.6 billion dollars and the value only continues to increase.
Growth of frozen food sector shows no sign of slowing
John Hyman, chief executive of British Frozen Food Federation said: “We believe that frozen food is well set for future growth and with current economic trends, the position of frozen food is stronger than it’s ever been. As consumer demands are becoming more complex and far reaching, frozen food is ideally placed to inspire consumers with innovation in premiumisation and natural health, technology enabling further convenience and as a solution to food waste.”
That’s a 4% increase in growth in 2018 alone. We expect the growth to increase this year. By 2025, the frozen foods market will have grown exponentially.
An article published on Entrepreneur by Mithun Appaiah shows that people love frozen foods because they are convenient.
What's Driving the Growth of APAC's Frozen Food Market?
According to a study by RBC Capital Markets, sales volumes for frozen have grown for the first time in five years. And millennials are largely responsible for this, spending nine per cent more per shopping trip for frozen foods last year than other groups, according to Reuters. One of the biggest reasons why millennials have taken to frozen food is because they don’t have time to make a full meal with fresh meat and produce.
This argument holds true because so many of us do not have enough time to make meals at home due to daily hectic schedule.
According to Business Wire, the ready-to-eat food segment is likely to be the fastest growing division of frozen foods.
The ready-to-eat segment to be the fastest-growing segment of the frozen food market
Based on type, the ready-to-eat segment is projected to be the fastest-growing during the forecast period. Ready-to-eat frozen foods are those products that are fully cooked and can be eaten directly. For instance, ice cream and frozen yogurt are some of the products that have been included in this segment.
Ready-to-eat frozen foods are majorly used in dessert applications, as they are easy to consume. The ice cream segment of this market has been extremely dominant and has been growing steadily due to the increasing adoption of low-calorie ice creams. Frozen yogurt is also increasing the growth of this segment in the frozen food market, as it is considered a healthy dessert.
This, again, is due to the convenience that the food offers to people that don’t have enough time to make meals at home.
Conclusion
It is important to note that frozen foods are as healthy and nutritious as fresh produce. So they are fine to eat as long as they don’t exceed their shelf life.
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