Frozen Processed Food market is anticipated to grow at a 2.70% CAGR from 2016 to 2021
Hyderabad, India -- (SBWIRE) -- 03/06/2018 -- Freezing food preserves the food from the time it is prepared to the time it's eaten. Since early times, farmers, fishermen, and trappers have had the habit of preserving grains during the wintry weather season. Freezing food slows down decomposition by means of turning residual moisture into ice, inhibiting the growth of maximum bacterial species.
The processed food is frozen to control the microbial growth and to retain the quality of processed products over a lengthy period. The frozen processed food products are stored at advocated temperatures to preserve their quality. They are perceived as a natural and healthy food product, thereby fueling the growth of the market.
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Frozen Processed Food Market is predicted to develop at a CAGR of 2.70% from 2016 to 2021. The
worldwide market was calculated to be around USD 60.40 billion in 2016 and is relied upon to reach USD 69.11 billion by 2021.
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Frozen Processed foods are not only healthy, but can also be extra nutrient-wealthy than fresh products. As referred to, produce is generally flash frozen throughout top ripeness, thereby preserving their nutritional content material. The changing lifestyles of the worldwide population marked with busy schedules are driving the consumption of frozen processed food globally. With much less time to food, an increasing number of an excessive wide variety of customers are opting for convenient food products.
Furthermore, increasing disposable incomes are also contributing toward the growth of this market. Studies state that developing a variety of households with refrigerators in growing nations will even help in the demand for frozen processed food products in the near future.
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The Asia Pacific is predicted to witness good sized growth over the approaching years due to quick growth in rapid food products in nations which includes India, Singapore, Indonesia, Malaysia, and China. Increase in the urbanization process coupled with rise in the disposable profits are the key factors for growth in those nations, which have augmented consumer's choice toward speedy meals. Rising economies such as South Africa and Brazil are predicted to sign in the high boom concerning demand for these products.
Some of the leading competitors dominating the market include ConAgra Foods, Inc, Nestle S.A., Tyson Foods Inc., Unilever plc, BRF S.A., General Mills Inc, Ajinomoto Co. Inc., Unilever Plc, Allens, Inc, Heinz, and Amy's Kitchen Inc.
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