Frozen Food Market - Forecast(2021 - 2026)
Frozen Food market Overview: According to the Food and Agriculture Organization of United Nations, nearly one third of the food produced every year amounting to roughly $680 billion (approximately 1.3 billion tons) gets either wasted, or lost [1] . The issue of food wastage has given birth to the frozen food market which is experiencing a colossal growth with an increase in disposable income, and accentuated refrigeration technology. According to the analyst at IndustryARC, the global frozen food market size in 2018 stood between $225 billion to $228 billion. The market is estimated to grow steadily with a normal CAGR of 3.5%-5% during the forecast period of 2019-2025. Geographically, Europe led the frozen food market with a regional share of 30%-32% in 2018 owing to an increase in mergers and acquisitions between vendors and hypermarkets. On-the-go consumption of food is also driving the European frozen food market. Request Sample Frozen Food Market Outlook: The prospect for froz