Asia Pacific frozen food market is expected to register significant growth in the forecast period (2020-2026). Increasing employment and a rising number of women entering the workforce in the region is also expected to augment the demand for frozen food products in the region in the years to come. Further, the consumer apprehensions regarding the coronavirus outbreak in 2020 may lead people to increase their demand for frozen food to reserve to endure the health crisis by avoiding public interactions. However, the economic slowdown and dampening of production capacity resulting from the health emergency is expected to obstruct market growth in the first half of 2020 and would recover once the crisis is effectively dealt with.
According to this research, the Asia Pacific (APAC) Frozen Food Market is projected to grow at a CAGR of 6.2% during 2020-2026. Japan and China currently hold the largest market size in the region in revenue terms on account of their well-established and expanding cold chains. On the other hand, the Indian frozen food market is projected to grow at the highest rate during the forecast period in the Asia Pacific region owing to its increasing working-age population and the booming FMCG sector in the region. Additionally, government initiatives of developing countries to bridge the gap between food demand and supply, such as subsidies offered on particular products would boost the market for frozen food in the region over the coming years.
Based on product types, the ready meals segment has recorded significant growth in demand due to the changing consumers’ lifestyle and an increasing number of working women in the region and is anticipated to grow further during the forecast period. Based on end-users, the retail customers are the leading contributors to the frozen food market and are expected to sustain their position over the next few years.
The report thoroughly covers the market by product types, end-users, distribution channels, freezing techniques, and key countries including India, China, Japan, Australia, Indonesia, and the Rest of Asia Pacific. The report provides an unbiased and detailed analysis of the on-going trends, market share, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights:
- Historical Data of Asia Pacific Frozen Food Market Revenues for the Period 2016-2019
- Market Size & Forecast of Asia Pacific Frozen Food Market Revenues until 2026F
- Historical Data of Asia Pacific Frozen Food Market Revenues by Product Types for the Period 2016-2019
- Market Size & Forecast of Asia Pacific Frozen Food Market Revenues by Product Types until 2026F
- Historical Data of Asia Pacific Frozen Food Market Revenues by End Users for the Period 2016-2019
- Market Size & Forecast of Asia Pacific Frozen Food Market Revenues by End Users until 2026F
- Historical Data of Asia Pacific Frozen Food Market Revenues by Distribution Channels for the Period 2016-2019
- Market Size & Forecast of Asia Pacific Frozen Food Market Revenues by Distribution Channels until 2026F
- Historical Data of Asia Pacific Frozen Food Market Revenues by Freezing Techniques for the Period 2016-2019
- Market Size & Forecast of Asia Pacific Frozen Food Market Revenues by Freezing Techniques until 2026F
- Historical Data of China Frozen Food Market Revenues for the Period 2016-2019
- Market Size & Forecast of China Frozen Food Market Revenues until 2026F
- Historical Data of Japan Frozen Food Market Revenues for the Period 2016-2019
- Market Size & Forecast of Japan Frozen Food Market Revenues until 2026F
- Historical Data of Australia Frozen Food Market Revenues for the Period 2016-2019
- Market Size & Forecast of Australia Frozen Food Market Revenues until 2026F
- Historical Data of India Frozen Food Market Revenues for the Period 2016-2019
- Market Size & Forecast of India Frozen Food Market Revenues until 2026F
- Historical Data of Indonesia Frozen Food Market Revenues for the Period 2016-2019
- Market Size & Forecast of Indonesia Frozen Food Market Revenues until 2026F
- Market Drivers and Restraints
- Market Trends and Developments
- Competitive Landscape
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The report provides a detailed analysis of the following market segments:
By Product Types
- Frozen Ready Meals (including noodles, curries, rice items, and pizzas)
- Frozen Meat and Poultry
- Frozen Fish and Seafood
- Frozen Fruits and Vegetables
- Frozen Snack Products (including nuggets, kebabs, cutlets, and croquettes)
- Frozen Confectionery and Bakery Items (including frozen pies, bread, and pastries)
- Others (including frozen soups, condiments, juices, and sauces)
By End Users
- Retail Customers
- Food Service Industry
By Distribution Channels
- Online
- Offline
By Freezing Technique
- Individual Quick Freezing
- Blast Freezing
- Deep Freezing
- Others (including cryogenic freezing and belt freezing)
By Countries
- China
- Japan
- Australia
- India
- Indonesia
- Rest of Asia Pacific
Table of Contents
1. Executive Summary
Companies Mentioned
- Ajinomoto Co., Inc.
- McCain Foods Ltd.
- Mother Dairy Fruit & Vegetable Pvt. Ltd.
- Nestle S.A.
- NH Foods Ltd.
- Nichirei Corporation
- Sanquan Food Co. Ltd.
- Sinian Co. Ltd.
- Tyson Foods
- Unilever Plc
