Asia-Pacific Frozen Foods market grow at a CAGR of 7.92% during the forecast period from 2017 to 2022
Asia-Pacific Frozen Foods Market by product type (frozen ready-to-eat meals, frozen meat & poultry, frozen sea food, frozen vegetables & fruits, frozen potatoes.
(EMAILWIRE.COM, February 24, 2018 ) Asia-Pacific Frozen Foods market has been estimated at USD 50.60 Billion in 2017 and is projected to reach USD 74.07 Billion by 2022, at a CAGR of 7.92% during the forecast period from 2017 to 2022. 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.
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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.
Get more information @ https://www.marketdataforecast.com/market-reports/asia-pacific-frozen-foods-market-875/
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.
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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.
For more information @ https://www.marketdataforecast.com/market-reports/asia-pacific-frozen-foods-market-875/request-sample
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.
Get more information @ https://www.marketdataforecast.com/market-reports/asia-pacific-frozen-foods-market-875/
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
Market Data Forecast is a well versed market research firm catering solutions in the fields of market research, business intelligence and consulting. With a profound knowledge about the global market activities coupled with a customized approach. We render services in the most gripping markets like healthcare, agriculture and food & Beverages
More about Market Data Forecast
Visit Market Data Forecast Blog @ http://www.marketdataforecast.com/blog/
View latest Press Releases of MDF @ http://www.marketdataforecast.com/press-releases
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Abhishek Shukla
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Market Data Forecast
Abhishek Shukla
Tel: 9985550206
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results