Frozen Food
- Freezing of food preserves it from the time it is prepared to the time it is eaten.
- Freezing food slows down decomposition by turning residual moisture into ice, inhibiting the growth of most bacterial species. In the food commodity industry, the process is called IQF or Individually Quick Frozen.
- Frozen products do not require any added preservatives because microorganisms or pathogens are killed or do not grow when the temperature of the food is below -9.5°C.
- One of the problems surrounding the use of freezing as a method of food preservation is the danger that pathogens deactivated (but not killed) by the process will once again become active when the frozen food thaws.
Frozen Food Market
According to the Convenience measure and the time complexity of preparation the growth of global frozen food
market is depended. Consumers are looking for variety of food options which require
minimum time for preparation. Because of Frozen Pizza is more Convenient and requires less time to prepare, the Frozen pizza is the fastest growing segment in the frozen ready meals
segment with an estimated CAGR of 4% with U.S. and is expected to
continue its dominance in the segment from 2010 to 2015.
Global Frozen Food Market Will Be Worth $261.50 Billion By 2015 And Is Set To Grow At CAGR Of 3.7% By 2015.
The global frozen foods market was estimated to be $218.41 billion in
2010 and is expected to grow to $261.50 billion in 2015 at an estimated
CAGR of 3.7% for the same period. Frozen ready meals accounted for the
largest market share in 2010 due to their wide product range, which
includes frozen pizza, entrées, desserts, snacks, etc. Frozen potato
products are expected to witness the highest CAGR from 2010 to 2015. The
frozen ready meals segment is expected to show major growth in the U.S.
market at 4.1% CAGR.
U.S. is expected to witness a moderate CAGR of 4% from 2010 to 2015
while the rest of the World (ROW) segment (which includes Latin America,
Australasia and others) is expected to witness the highest CAGR of
4.7%. In 2010, Europe had the largest share in the global frozen food
market sales of $87.38 billion. Germany is the biggest consumer in
Europe with a share of 17% with a consumption of 6.04 million tons of
frozen food. Asian frozen food market is expected to grow at an
estimated CAGR of 3.4% from 2010 to 2015. Japan leads the Asian
countries in terms of frozen food consumption with 7.82 million tons in
2010. Ready meals are the most expensive ones among the frozen food
product categories and thus account for the largest market share of 40%
in terms of revenue. Frozen pizza is the fastest growing segment in the
frozen ready meals segment with an estimated CAGR of 4% with the U.S.
expected to continue its dominance in the segment from 2010 to 2015.
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