The frozen food market is expected to grow from US$ 251,155. 35 million in 2021 to US$ 373,767. 59 million by 2028; it is expected to grow at a CAGR of 5. 9% from 2022 to 2028. Frozen food consists of frozen desserts, meat, poultry, seafood, snacks, ready meals, fruits, vegetables, soups, etc.
New York, July 20, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Frozen Food Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type and By Distribution Channel" - https://www.reportlinker.com/p06295673/?utm_source=GNW These products are preserved by freezing, preventing microbial and pathogenic attacks. Frozen food has an extended shelf life of 3-6 months, making them highly convenient.Moreover, freezing retains the essential vitamins, minerals, and other nutrients in the food, which makes them more nutritious. Frozen food products are gaining massive traction among the working population as they are convenient to consume and require minimum preparation time. This factor is primarily driving the growth of the frozen food market. Based on type, the frozen food market is segmented into frozen desserts; frozen bakery; frozen meat, poultry, and seafood; frozen ready meals; frozen snacks and appetizers; others.The meat, poultry, and seafood segment are projected to register the largest share during the forecast period. Frozen meat products are growing in popularity as they can be stored conveniently, which reduces food wastage. The rising demand for frozen meat, poultry, and seafood products owing to their extended shelf life and requirement of minimum preparation time are driving the segment’s growth. Further, meat is a rich source of proteins and contains essential amino acids and collagen.Hence, the benefits associated with consuming frozen meat encourage consumers to include frozen meat products in their diet. These factors are expected to boost the demand for meat, poultry, and seafood and further fuel the growth of the frozen food market during the forecast period. By geography, the frozen food market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.In 2021, Europe held the largest market share during the forecast period. The growth of market in Europe is mainly attributed to the rising demand for convenience food, extensive retail infrastructure, and availability of a wide range of products of different brands across different distribution channels.Moreover, consumers with high per-capita income are also driving the demand for frozen food, especially frozen meals, bakery products, and snacks. Consumers are seeking nutritional benefits from the products they consume.Therefore, the demand for clean, organic, gluten-free, and minimally processed frozen food has increased significantly, driving the region’s market growth. These factors are fueling the growth of the frozen food market across Europe. The leading players in the frozen food market are Conagra Brands, Inc.; General Mills Inc.; Pepperidge Farm Incorporated; Bonduelle Group; Mccain; Bellisio Foods, Inc.; Tyson Foods, Inc.; Kellogg’s Company; Nestlé S.A.; and The Kraft Heinz Company. These players are developing various products to address consumers’ growing demand. For instance, in 2021, Nestle’s expanded its frozen food facility in South Carolina with US$ 100 million investments for its brands such as Stouffer’s and Lean Cuisine. The size of the frozen food market has been derived using primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants—including valuation experts, research analysts, and key opinion leaders—specializing in the frozen food market. Read the full report: https://www.reportlinker.com/p06295673/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________
Yahoo Finance's Pras Subramanian discusses the latest auto news from the Tesla-only lane at the U.S.-Mexico border to Volkswagen replacing its CEO.
We’re supposed to be energy independent. What gives?
One of Biden’s top energy aides confirmed Friday that no extension of releases from the Strategic Petroleum Reserve - scheduled to end this fall - is in the offing. But added a promise that it’s not going to lead to any supply shocks.
Tech giants Microsoft and Google have just taken additional hard decisions ahead of their earnings reports.
A major Bluetooth headphone maker, Dongguan Koppo Electronics Co, has decided to shut down for good and dismiss all its workers, becoming the latest casualty of the economic headwinds, supply chain disruptions and trading woes that have hit China's manufacturing heartland. Koppo Electronics, which has operated its factory in the city of Dongguan in southern Guangdong province for 12 years, said it was ceasing operations partly because "a number of cross-border e-commerce clients have failed to m
Senator Mark Kelly (D-AZ) sits down with Yahoo Finance's Akiko Fujita to discuss the outlook for getting the chips bill passed and the importance of securing semiconductor supply chains.
Fewer are reverting to traditional office jobs, with a growing number seeking nontraditional roles, or even the opportunity to start a new business.
In June 2020, the Creating Helpful Incentives to Produce Semiconductors for America (CHIPS) Act was introduced in the House of Representatives by U.S. Rep. Michael McCaul (R-Texas). The act called for the U.S. to boost its subsidies for domestic chipmakers to address the global chip shortage, reduce the country's dependence on Asian chip foundries, and stay ahead of China in the semiconductor race. The CHIPS Act would provide $52 billion in subsidies and tax breaks for domestic chipmakers.
The recently married business partners have turned a minuscule $200 investment into a $5 million enterprise – and the momentum is scaling fast.
Yahoo Finance's Josh Schafer breaks down the market debut for online media company FaZe Clan.
Ford Motor Co (NYSE: F) is planning to slash as many as 8,000 jobs to boost investment into electric vehicle manufacturing, Bloomberg reported. The job loss is likely to happen in Ford's recently formed Ford Blue unit, which is in charge of internal combustion engine vehicle production and other operations. In March, the company created electric vehicle and internal combustion businesses, Model e and Ford Blue, respectively, to compete and win against both new EV competitors and established auto
Columbia University Health Care Policy Professor and Private Equity Investor Meghan Fitzgerald joins Yahoo Finance Live to discuss what Amazon acquiring One Medical means for health care, benefits for Prime members, the online patient-doctor experience, HIPAA constraints, and aggregating physicians.
The energy industry had some of the hottest stocks on the market over the past two years, but with fears of a recession potentially dampening demand for oil and gas, the S&P 500 Energy index is down 25% since its peak last month. The cost of a barrel of oil is down to around $100 per barrel, and gasoline at the pumps has broken from its record high last month of $5 a gallon.
As a potential recession looms, investors should be prepared for the cloud boom to return to earth, and there is potential for a larger pullback in cloud spending that could have a domino effect on already bludgeoned tech stocks
When Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett speaks, Wall Street pays close attention. The easiest way for investors to monitor what Warren Buffett has been buying and selling is to track Berkshire Hathaway's quarterly 13F filings with the Securities and Exchange Commission (SEC).
According to Insider Magazine, Amazon (NASDAQ: AMZN) is planning a massive international expansion next year. This will give the e-commerce giant a bigger presence in Africa -- and that's Jumia Technologies' (NYSE: JMIA) stomping ground.
(Bloomberg) -- Volkswagen AG abruptly ousted Herbert Diess, its chief executive officer and architect of the auto industry’s biggest electrification effort, after repeated clashes with labor unions chipped away at his support with key stakeholders.Most Read from BloombergThree Arrows Founders Break Silence Over Collapse of Crypto Hedge FundTrump Insiders Recall How He Spurned Pleas to Act as Riot RagedAmericans Who Can’t Afford Homes Are Moving to Europe InsteadMusk Lieutenant Scrutinized in Int
(Bloomberg) -- Semiconductor Manufacturing International Corp. has likely advanced its production technology by two generations, defying US sanctions intended to halt the rise of China’s largest chipmaker.Most Read from BloombergThree Arrows Founders Break Silence Over Collapse of Crypto Hedge FundTrump Insiders Recall How He Spurned Pleas to Act as Riot RagedAmericans Who Can’t Afford Homes Are Moving to Europe InsteadMusk Lieutenant Scrutinized in Internal Tesla Purchasing ProbeStocks End Thre
Microsoft has had three CEOs—two engineers and one marketing expert. The different results tell a clear story about good leadership.
HOUSTON (Reuters) -U.S. crude prices settled below $95 a barrel for the first time since April in choppy trading on Friday after the European Union said it would allow Russian state-owned companies to ship oil to third countries under an adjustment of sanctions agreed by member states this week. U.S. West Texas Intermediate crude (WTI) settled $1.65, or 1.7%, lower at $94.70 a barrel, while Brent crude futures fell 66 cents, or 0.6%, to $103.20. WTI closed lower for the third straight week, pummelled over the past two sessions after data showed that U.S. gasoline demand had dropped nearly 8% from a year earlier in the midst of the peak summer driving season, hit by record prices at the pump.