Global Frozen Food Market - APAC region is expected

to show highest CAGR growth of 6.0% during 2014 - 2020

Persistence Market Research

Global Frozen Food Market is expected to

increase valuation of US$156.4 bn by 2020 Persistence Market Research

Persistence Market Research

Global Frozen Food Market - APAC region is expected

to show highest CAGR growth of 6.0% during 2014 - 2020
Persistence Market Research Released New Market Report Global Frozen Food Market - APAC
region is expected to show highest CAGR growth of 6.0% during 2014 - 2020, states that the market
will expand at a 3.6% CAGR between 2014 and 2020, allowing the market with a valuation of US$122.1
bn in 2013 to rise to US$156.4 bn by 2020. The market between 2010 and 2013 expanded at a 3.1%
CAGR and increased from US$1, 11,400 MN in 2010 to US$1, 22,084.6 MN in 2013.

The report states that the global frozen foods market is steadily expanding owing to factors such as busy
lifestyles, rising urbanization, rising population of working women in urban regions, and increased
disposable income of people living in major regional markets and developing regions across the globe.
Among the most popular varieties of frozen foods in the market, the segment of ready meals, the frozen
products that merely need to be heated before eating, is currently the fastest growing.

The report segments the market on the basis of two criteria: product type and geography.

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On the basis of product types, the market is segmented into frozen potato products frozen fish/seafood,
frozen ready meals, frozen meat products, frozen bakery products, and frozen pizza. Of these, the market
segment of frozen ready meals was the largest product segment in 2013. In terms of value, the segment
had a valuation of US$29,361.3 mn, while it valued 6,205.2 mn kg in terms of volume. Value-wise, the
market for this segment expanded at a 3.3% CAGR and at a 2.5% CAGR in terms of volume between
2010 and 2013.

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Geography-wise, the market is segmented into North America, Asia-Pacific, Europe, and the Rest of the
World (RoW). Of these, the market for frozen foods in Europe, the largest among all other regional
markets in 2013, expanded at a 2.5% CAGR between 2010 and 2013 and reached a valuation of
US$44,683.0 mn in 2013. Over the reports forecast period, Asia-Pacific is expected to surpass Europe

Persistence Market Research

Global Frozen Food Market - APAC region is expected

to show highest CAGR growth of 6.0% during 2014 - 2020
and dominate the global frozen foods market owing to rising urbanization and increasing disposable
income of people living in this region.

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The report also presents an overview of the competitive landscape of the global frozen foods market. The
highly fragmented market witnessed the dominance of the top four companies in 2013. Some of the key
vendors operating in the market are H.J. Heinz Company, Nestle, Mother Dairy Fruit & Vegetable Pvt.
Ltd., and BRF SA. H.J. Heinz Company has a lower penetration in the market as compared to Nestle
mostly owing to the less number of products offered by H.J. Heinz.

Persistence Market Research

Global Frozen Food Market - APAC region is expected

to show highest CAGR growth of 6.0% during 2014 - 2020

Market History:
Availability of wide range of frozen food products in different food categories is the factor driving the
global frozen food market. Busy life schedule is influencing consumers to shift their dietary preferences
towards ready-to-eat food products. Hence, frozen foods have become an important part of modern diet.
Freezing or refrigeration allows consumers to have access to foods which were either unavailable or
available only during particular season. Also, freezing helps the consumers to preserve their food
products for future use. Other driving factors are changing customer purchasing pattern and increasing
urban population. Additionally, increasing number of working women is driving the global frozen food
market. Majority of working women in the western countries dont cook food at home. According to U.S.
Department of Labor in 2013, there were 127.1 million working women in the U.S. which is expected to
reach 202.0 million by 2022.
Europe has the largest market share for frozen food, followed by North America and Asia Pacific. In Asia
Pacific, economic developments paired with increasing urbanization and disposable income are some
factors driving the frozen food market in the Asia-Pacific region. Owing t this factor, Asia Pacific is
expected to witness highest growth in the forecasted period.
The frozen food market is bifurcated into products (frozen ready meals, frozen fish/seafood, frozen meat
products, frozen pizza, frozen potato products and frozen bakery products) by value (USD million) and by
volume (million kg). Global frozen food market grew from USD 1, 11,400.0 million in 2010 to USD 1,
22,084.6 million in 2013 at a CAGR of 3.1% in value terms.
Under regional segment, the European frozen food market (largest market in 2013) increased by 2.8%
CAGR during 2010-2013 to reach USD 44,683.0 million in 2013. The Asia-Pacific frozen food market is
expected to show highest CAGR growth of 6.0% during 2014-2020.
Under product segments, frozen ready meals market (largest market in 2013) increased by 3.3% CAGR
during 2010-2013 to reach USD 29,361.3 million in 2013 in value term. In terms of volume, the frozen
ready meals market increased by 2.5% CAGR during 2010-2013 to reach 6,205.2 million kg in 2013.
The global Frozen food market is highly fragmented, with the top four companies holding 19% market
share. Nestle and H.J. Heinz Company are some of the major companies operating at the global scale.

Persistence Market Research

Global Frozen Food Market - APAC region is expected

to show highest CAGR growth of 6.0% during 2014 - 2020
BRF SA (Brazil) and Mother Dairy Fruit & Vegetable Pvt. Ltd. (India) are some of the companies operating
at regional level and dominating the market.

Persistence Market Research

Global Frozen Food Market - APAC region is expected

to show highest CAGR growth of 6.0% during 2014 - 2020

Table of Content
Chapter 1 Preface 12
1.1 Report Description 12
1.1.1 Segments covered in the report 12
1.2 Research Methodology 13
Chapter 2 Market Synopsis 14
Chapter 3 Porters Five Forces Analysis 18
3.1 Bargaining Power of Suppliers 18
3.2 Bargaining Power of Buyers 19
3.3 Threat of New Entrants 19
3.4 Threat of Substitutes 19
3.5 Rivalry Among Competitors 20
Chapter 4 Industry Overview 21
4.1 Introduction 21
4.2 Market Drivers 21
4.2.1 Busy lifestyle coupled with increasing number of working women is driving the frozen food
market 21
4.2.2 Changing consumer purchasing pattern is increasing the demand for frozen food items 22
4.2.3 Increasing urban population in developing countries is expected to increase the demand in the
long run 23
4.2.4 Convenience, and easy availability of seasonal food are driving the market 23
4.2.5 Impact analysis of growth drivers 24
4.3 Market Restraints 24
4.3.1 Consumers perception of frozen food 24
4.3.2 Local brands may hinder international brands from entering the market 25
4.3.3 Impact analysis of market restraints 25
4.4 Opportunities 26
4.4.1 Lower penetration in Asian countries 26
4.5 Market Trends 26
4.5.1 Increasing influence of western culture on food habits in developing nations 26
4.5.2 Increasing number of single household family 26

Persistence Market Research

Global Frozen Food Market - APAC region is expected

to show highest CAGR growth of 6.0% during 2014 - 2020

Chapter 5 Market Size and Forecast by Products 28

5.1 Frozen ready meals 30
5.2 Frozen fish/seafood 31
5.3 Frozen meat products 32
5.4 Frozen pizza 33
5.5 Frozen potato products 34
5.6 Frozen bakery products 35
Chapter 6 Market Size and Forecast by Geography 37
6.1 North America 38
6.1.1 The U.S. 42
6.1.1.1 Market Overview 42
6.1.1.2 Market share by company 45
6.1.1.3 Market share by distribution channel 45
6.1.2 Canada 46
6.1.2.1 Market Overview 46
6.1.2.2 Market Share by company 49
6.1.2.3 Market share by distribution channel 49
6.2 Europe 50
6.2.1 France 54
6.2.1.1 Market Overview 54
6.2.1.2 Market Share by company 57
6.2.1.3 Market share by distribution channel 57
6.2.2 Germany 58
6.2.2.1 Market Overview 58
6.2.2.2 Market Share by company 60
6.2.2.3 Market share by distribution channel 61
6.2.3 Italy 62
6.2.3.1 Market Overview 62
6.2.3.2 Market Share by company 65
6.2.3.3 Market share by distribution channel 65
6.2.4 The U.K. 66
6.2.4.1 Market Overview 66
6.2.4.2 Market Share by company 68

Persistence Market Research

Global Frozen Food Market - APAC region is expected

to show highest CAGR growth of 6.0% during 2014 - 2020
6.2.4.3 Market share by distribution channel 69
6.2.5 Spain 70
6.2.5.1 Market Overview 70
6.2.5.2 Market Share by company 72
6.2.5.3 Market share by distribution channel 73
6.3 Asia Pacific 74
6.3.1 China 78
6.3.1.1 Market Overview 78
6.3.1.2 Market Share by company 81
6.3.1.3 Market share by distribution channel 81
6.3.2 India 82
6.3.2.1 Market Overview 82
6.3.2.2 Market Share by company 85
6.3.2.3 Market share by distribution channel 85
6.3.3 Japan 86
6.3.3.1 Market Overview 86
6.3.3.2 Market Share by company 89
6.3.3.3 Market share by distribution channel 89
6.4 Rest of the World 90
6.4.1 Brazil 90
6.4.1.1 Market Overview 90
6.4.1.2 Market Share by company 93
6.4.1.3 Market share by distribution channel 93
Chapter 7 Competitive Scenario 95
7.1 Global Frozen Food Market Share by Company 95
7.2 Global Frozen Food Market Share by Distribution Channel 96
Chapter 8 Company Profiles 97
8.1 Nestl S.A. 97
8.1.1 Company overview 97
8.1.2 Products and services 97
8.1.3 Financial performance 98
8.1.4 Recent developments 98
8.2 Ajinomoto Co., Inc. 100

Persistence Market Research

Global Frozen Food Market - APAC region is expected

to show highest CAGR growth of 6.0% during 2014 - 2020
8.2.1 Company overview 100
8.2.2 Products and services 100
8.2.3 Financial performance 101
8.2.4 Recent developments 101
8.3 Kraft Foods Group, Inc. 102
8.3.1 Company overview 102
8.3.2 Products and services 102
8.3.3 Financial performance 103
8.3.4 Recent Developments 103
8.4 ConAgra Foods, Inc. 105
8.4.1 Company overview 105
8.4.2 Products and services 105
8.4.3 Financial performance 105
8.4.4 Recent developments 106
8.5 General Mills, Inc. 108
8.5.1 Company overview 108
8.5.2 Products and services 108
8.5.3 Financial performance 109
8.5.4 Recent developments 109
8.6 H. J. Heinz Company 110
8.6.1 Company overview 110
8.6.2 Products and services 110
8.6.3 Financial performances 110
8.6.4 Recent developments 111
8.7 Tyson Foods, Inc. 112
8.7.1 Company overview 112
8.7.2 Products and services 112
8.7.3 Financial performances 113
8.7.4 Recent developments 114
8.8 Unilever Plc 115
8.8.1 Company overview 115
8.8.2 Products and services 115
8.8.3 Financial performance 115
8.8.4 Recent developments 116
8.9 Maple Leaf Foods, Inc. 117

Persistence Market Research

Global Frozen Food Market - APAC region is expected

to show highest CAGR growth of 6.0% during 2014 - 2020
8.9.1 Company overview 117
8.9.2 Products and services 117
8.9.3 Financial performance 118
8.9.4 Recent developments 118
8.10 Pinnacle Foods, Inc. 119
8.10.1 Company overview 119
8.10.2 Products and services 119
8.10.3 Financial performance 120
8.10.4 Recent developments 120

List of Tables
TABLE 1 Global frozen food market snapshot, by volume 2014 and 2020 16
TABLE 2 Global frozen food market snapshot, by value 2014 and 2020 17
TABLE 3 Impact analysis of market drivers 24
TABLE 4 Impact analysis of market restraints 25
TABLE 5 Global frozen food market size, by product, 2010-2013 (million Kg) 28
TABLE 6 Global frozen food market size, by product, 2014-2020 (million Kg) 28
TABLE 7 Global frozen food market size, by product, 2010-2013 (USD million) 29
TABLE 8 Global frozen food market size, by product, 2014-2020 (USD million) 29
TABLE 9 Global frozen ready meals market size, by volume and value (2010-2013) 30
TABLE 10 Global frozen ready meals market size, by volume and value (2014-2020) 30
TABLE 11 Global frozen fish/seafood size, by volume and value (2010-2013) 31
TABLE 12 Global frozen fish/seafood market size, by volume value (2014-2020) 31
TABLE 13 Global frozen meat products market size, by volume and value (2010-2013) 32
TABLE 14 Global frozen meat products market size, by volume value (2014-2020) 33
TABLE 15 Global frozen pizza market size, by volume and value (2010-2013) 33
TABLE 16 Global frozen pizza market size, by volume and value (2014-2020) 34
TABLE 17 Global frozen potato products market size, by volume and value (2010-2013) 34
TABLE 18 Global frozen potato products market size, by volume and value (2014-2020) 35
TABLE 19 Global frozen bakery products market size, by volume and value (2010-2013) 35
TABLE 20 Global frozen bakery products market size, by volume and value (2014-2020) 36
TABLE 21 Global frozen food market size, by region, 2010-2013 (million Kg) 37
TABLE 22 Global frozen food market size, by region, 2014-2020 (million Kg) 37

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Global Frozen Food Market - APAC region is expected

to show highest CAGR growth of 6.0% during 2014 - 2020
TABLE 23 Global frozen food market size, by region, 2010-2013 (USD million) 38
TABLE 24 Global frozen food market size, by region, 2014-2020 (USD million) 38
TABLE 25 The North American frozen food market size, by product, 2010-2013 (million Kg) 39
TABLE 26 The North American frozen food market size, by product, 2014-2020 (million Kg) 39
TABLE 27 The North American frozen food market size, by product, 2010-2013 (USD million) 40
TABLE 28 The North American frozen food market size, by product, 2014-2020 (USD million) 40
TABLE 29 The North American frozen food market size, by country, 2010-2013 (million Kg) 41
TABLE 30 The North American frozen food market size, by country, 2014-2020 (million Kg) 41
TABLE 31 The North American frozen food market size, by country, 2010-2013 (USD million) 42
TABLE 32 The North American frozen food market size, by country, 2014-2020 (USD million) 42
TABLE 33 The U.S. frozen food market size, by product, 2010-2013 (million Kg) 43
TABLE 34 The U.S. frozen food market size, by product, 2014-2020 (million Kg) 43
TABLE 35 The U.S. frozen food market size, by product, 2010-2013 (USD million) 44
TABLE 36 The U.S. frozen food market size, by product, 2014-2020 (USD million) 44
TABLE 37 The Canadian frozen food market size, by product, 2010-2013 (million Kg) 47
TABLE 38 The Canadian frozen food market size, by product, 2014-2020 (million Kg) 47
TABLE 39 The Canadian frozen food market size, by product, 2010-2013 (USD million) 48
TABLE 40 The Canadian frozen food market size, by product, 2014-2020 (USD million) 48
TABLE 41 The European frozen food market size, by product, 2010-2013 (million Kg) 50
TABLE 42 The European frozen food market size, by product, 2014-2020 (million Kg) 51
TABLE 43 The European frozen food market size, by product, 2010-2013 (USD million) 51
TABLE 44 The European frozen food market size, by product, 2014-2020 (USD million) 52
TABLE 45 The European frozen food market size, by country, 2010-2013 (million Kg) 53
TABLE 46 The European frozen food market size, by country, 2014-2020 (million Kg) 53
TABLE 47 The European frozen food market size, by country, 2010-2013 (USD million) 53
TABLE 48 The European frozen food market size, by country, 2014-2020 (USD million) 54
TABLE 49 The French frozen food market size, by product, 2010-2013 (million Kg) 55
TABLE 50 The French frozen food market size, by product, 2014-2020 (million Kg) 55
TABLE 51 The French frozen food market size, by product, 2010-2013 (USD million) 56
TABLE 52 The French frozen food market size, by product, 2014-2020 (USD million) 56
TABLE 53 The German frozen food market size, by product, 2010-2013 (million Kg) 58
TABLE 54 The German frozen food market size, by product, 2014-2020 (million Kg) 59
TABLE 55 The German frozen food market size, by product, 2010-2013 (USD million) 59
TABLE 56 The German frozen food market size, by product, 2014-2020 (USD million) 60
TABLE 57 The Italian frozen food market size, by product, 2010-2013 (million Kg) 63

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Global Frozen Food Market - APAC region is expected

to show highest CAGR growth of 6.0% during 2014 - 2020
TABLE 58 The Italian frozen food market size, by product, 2014-2020 (million Kg) 63
TABLE 59 The Italian frozen food market size, by product, 2010-2013 (USD million) 64
TABLE 60 The Italian frozen food market size, by product, 2014-2020 (USD million) 64
TABLE 61 The U.K. frozen food market size, by product, 2010-2013 (million Kg) 66
TABLE 62 The U.K. frozen food market size, by product, 2014-2020 (million Kg) 67
TABLE 63 The U.K. frozen food market size, by product, 2010-2013 (USD million) 67
TABLE 64 The U.K. frozen food market size, by product, 2014-2020 (USD million) 68
TABLE 65 The Spanish frozen food market size, by product, 2010-2013 (million Kg) 70
TABLE 66 The Spanish frozen food market size, by product, 2014-2020 (million Kg) 71
TABLE 67 The Spanish frozen food market size, by product, 2010-2013 (USD million) 71
TABLE 68 The Spanish frozen food market size, by product, 2014-2020 (USD million) 72
TABLE 69 The Asia Pacific frozen food market size, by product, 2010-2013 (million Kg) 75
TABLE 70 The Asia Pacific frozen food market size, by product, 2014-2020 (million Kg) 75
TABLE 71 The Asia Pacific frozen food market size, by product, 2010-2013 (USD million) 76
TABLE 72 The Asia Pacific frozen food market size, by product, 2014-2020 (USD million) 76
TABLE 73 The Asia Pacific frozen food market size, by country, 2010-2013 (million Kg) 77
TABLE 74 The Asia Pacific frozen food market size, by country, 2014-2020 (million Kg) 77
TABLE 75 The Asia Pacific frozen food market size, by country, 2010-2013 (USD million) 78
TABLE 76 The Asia Pacific frozen food market size, by country, 2014-2020 (USD million) 78
TABLE 77 The Chinese frozen food market size, by product, 2010-2013 (million Kg) 79
TABLE 78 The Chinese frozen food market size, by product, 2014-2020 (million Kg) 79
TABLE 79 The Chinese frozen food market size, by product, 2010-2013 (USD million) 80
TABLE 80 The Chinese frozen food market size, by product, 2014-2020 (USD million) 80
TABLE 81 The Indian frozen food market size, by product, 2010-2013 (million Kg) 83
TABLE 82 The Indian frozen food market size, by product, 2014-2020 (million Kg) 83
TABLE 83 The Indian frozen food market size, by product, 2010-2013 (USD million) 84
TABLE 84 The Indian frozen food market size, by product, 2014-2020 (USD million) 84
TABLE 85 The Japanese frozen food market size, by product, 2010-2013 (million Kg) 87
TABLE 86 The Japanese frozen food market size, by product, 2014-2020 (million Kg) 87
TABLE 87 The Japanese frozen food market size, by product, 2010-2013 (USD million) 88
TABLE 88 The Japanese frozen food market size, by product, 2014-2020 (USD million) 88
TABLE 89 The Brazilian frozen food market size, by product, 2010-2013 (million Kg) 91
TABLE 90 The Brazilian frozen food market size, by product, 2014-2020 (million Kg) 91
TABLE 91 The Brazilian frozen food market size, by product, 2010-2013 (USD million) 92
TABLE 92 The Brazilian frozen food market size, by product, 2014-2020 (USD million) 92

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Global Frozen Food Market - APAC region is expected

to show highest CAGR growth of 6.0% during 2014 - 2020
TABLE 93 Products segment of Nestl 97
TABLE 94 Products segment of Ajinomoto 100
TABLE 95 Products segment of Kraft Foods 102
TABLE 96 Products segment of ConAgra Foods 105
TABLE 97 Products segment of General Mills 108
TABLE 98 Products segment of Tyson Foods 112
TABLE 99 Products segment of Unilever Plc 115
TABLE 100 Products segment of Maple Leaf Foods 117
TABLE 101 Products segment of Pinnacle Foods, Inc. 119
List of Figures
FIG. 1 Global frozen food market, 2010 2020 (billion Kg) 15
FIG. 2 Global frozen food market, 2010 2020 (USD billion) 16
FIG. 3 Frozen food market: Porters five forces analysis 18
FIG. 4 Increasing number of working women in the U.S., 2013 2022 (million) 22
FIG. 5 Urban population % of total population (2010 2013) 23
FIG. 6 The U.S. frozen food market share, by company, 2013 45
FIG. 7 The U.S. frozen food market share, by distribution channel, 2013 46
FIG. 8 The Canadian frozen food market share, by company, 2013 49
FIG. 9 The Canadian frozen food market share, by distribution channel, 2013 49
FIG. 10 The French frozen food market share, by company, 2013 57
FIG. 11 The French frozen food market share, by distribution channel, 2013 58
FIG. 12 The German frozen food market share, by company, 2013 61
FIG. 13 The German frozen food market share, by distribution channel, 2013 62
FIG. 14 The Italian frozen food market share, by company, 2013 65
FIG. 15 The Italian frozen food market share, by distribution channel, 2013 66
FIG. 16 The U.K. frozen food market share, by company, 2013 69
FIG. 17 The U.K. frozen food market share, by distribution channel, 2013 70
FIG. 18 The Spanish frozen food market share, by company, 2013 73
FIG. 19 The Spanish frozen food market share, by distribution channel, 2013 74
FIG. 20 The Chinese frozen food market share, by company, 2013 81
FIG. 21 The Chinese frozen food market share, by distribution channel, 2013 82
FIG. 22 The Indian frozen food market share, by company, 2013 85
FIG. 23 The Indian frozen food market share, by distribution channel, 2013 86

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Global Frozen Food Market - APAC region is expected

to show highest CAGR growth of 6.0% during 2014 - 2020
FIG. 24 The Japanese frozen food market share, by company, 2013 89
FIG. 25 The Japanese frozen food market share, by distribution channel, 2013 90
FIG. 26 The Brazilian frozen food market share, by company, 2013 93
FIG. 27 The Brazilian frozen food market share, by distribution channel, 2013 94
FIG. 28 Global frozen food market share, by company, 2013 95
FIG. 29 Global frozen food market share, by distribution channel, 2013 96
FIG. 30 Sales and net income of Nestl S.A., 2011 2013 (USD billion) 98
FIG. 31 Sales and net income of Ajinomoto, 2012 2014 (USD billion) 101
FIG. 32 Net revenue and net earnings of Kraft Foods, 2011 2013 (USD billion) 103
FIG. 33 Net sales and net income of ConAgra Foods, 2012 2014 (USD billion) 106
FIG. 34 Net sales and net earnings of General Mills, 2012 2014 (USD billion) 109
FIG. 35 Sales and net income of Heinz, 2011 2013 (USD billion) 111
FIG. 36 Sales and net income of Tyson Foods, 2011 2013 (USD billion) 113
FIG. 37 Turnover and net profit of Unilever, 2011 2013 (USD billion) 116
FIG. 38 Sales and net earnings of Maple Leaf Foods, 2011 2013 (USD million) 118
FIG. 39 Net sales and net earnings of Pinnacle Foods, Inc., 2011 2013 (USD million) 120

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Global Frozen Food Market - APAC region is expected

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