Report Details-
Asia-Pacific Frozen Ready Meals Market, By Type (Frozen Rice Mixes, Frozen Quinoa Food Mixes, Frozen Pizza, Frozen Pasta, Frozen Wraps & Rolls, Frozen Snacks, Frozen Ice Cream, Frozen Yogurt, Frozen Cakes, Frozen Sorbet And Sherbet, Frozen Custard, Frozen Drinks, Frozen Savory Products And Frozen Soup, Frozen Dairy Products, Frozen Chicken Products, Frozen Seafood Products, And Others), Category(Organic And Conventional) Technology (Flash-Freezing/ Individual Quick Freezing (IQF), Belt Freezing, High Pressure-Assisted Freezing, And Others), End User (Food Service Sector And Households), Packaging Technique (Freezing Technique And Equipment And Freezing Ready Meals Packaging And Distribution Channel (Store-Based And Non-Store Retailers) - Industry Trends and Forecast to 2029.
Asia-Pacific Frozen Ready Meals Market Analysis and Insights
Asia-Pacific frozen ready meals market is gaining significant growth due to the growing food & beverage industry and the rising demand for frozen meals & food products. The increase in demand for frozen snacks is also boosting the growth of the Asia-Pacific frozen-ready meals market. However, stringent government regulations associated with labeling & claims are expected to restrain the market growth of the frozen ready meals market during the forecast period.
Data Bridge Market Research analyses that the Asia-Pacific frozen ready meals market will grow at a CAGR of 6.2% during the forecast period of 2022 to 2029.
Market Definition
Frozen-ready meals are usually cooked and packaged in a factory. This process includes heating the ingredients and packaging them into containers. Once the meal is prepared and placed in a freezer to cool down, they are popular among consumers because they provide a diverse menu and are convenient to prepare. Frozen meals may contain a meat entree, a vegetable, and starch-based food such as pasta and sauce. Some frozen meals are prepared specifically for vegetarians or individuals with certain dietary needs. The manufacture of such a product requires careful attention from the food processor.
Asia-Pacific Frozen Ready Meals Market Dynamics
Drivers
- Increased use of frozen food in the food service industry
The food service sector is one of the largest sectors where frozen food products are consumed, as frozen ready meals need less preparation and lower customer wait times. Fast food chains and quick service restaurants have incorporated frozen ready meals as fresh ingredient alternatives. Also, restaurants, hotels, and cafes that utilize frozen ready meals save money on labor, space, equipment, and food waste. Since they do not use traditionally competent personnel but those who have been trained to do their simplified roles. Convenience foods need more freezer space but less preparation space. All these factors have increased the use of frozen ready meals in the food service industry. The market for frozen meals in the food service sector will continue to increase as long as frozen-ready meal manufacturers supply a choice of products with consistency and excellent quality to the market players of the food service industry. Furthermore, increased internet penetration and easy smartphone access have made more purchases through online channels. As a result, some food chains are moving toward internet portals to improve online food ordering for these fast food chains, boosting the market's growth.
Post COVID-19 Impact on Asia-Pacific Frozen Ready Meals Market
Post the pandemic, the demand for frozen ready meals has increased as there won't be any restrictions on movement; hence, the supply of products would be easy. In addition, the growing busy lifestyles and hectic work schedules enable consumers to op for ready meal options, which is expected to drive the market's growth.
For instance,
- In November, Mosaic Foods raised USD 6 million in a seed round led by Gather Ventures. The company aims to expand its direct-to-consumer business, develop new products, and expand into offline channels
Asia-Pacific frozen ready meals market Scope
Asia-Pacific frozen ready meals market is segmented into six segments based on type, category, technology, end user, packaging technique, and distribution channel.
The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Types
- Frozen Snacks
- Frozen Pizza
- Frozen Ice Cream
- Frozen Seafood Products
- Frozen Chicken Products
- Frozen Yoghurt
- Frozen Dairy Products
- Frozen Pasta
- Frozen Drinks
- Frozen Vegetarian Meals
- Frozen Sorbet and Sherbet
- Frozen Cakes
- Frozen Wraps & Rolls
- Frozen Custard
- Frozen Soup
- Frozen Quinoa Food Mixes
- Frozen Rice Mixes
- Others
On the basis of type, the global frozen ready meals market is segmented into frozen rice mixes, frozen quinoa food mixes, frozen pizza, frozen pasta, frozen wraps & rolls, frozen snacks, frozen ice cream, frozen yogurt, frozen cakes, frozen sorbet and sherbet, frozen custard, frozen drinks, frozen savory products and frozen soup, frozen dairy products, frozen chicken products, frozen seafood products, and others.
Category
- Organic
- Conventional
On the basis of category, the global frozen ready meals market is segmented into organic and conventional.
Technology
- Flash-Freezing/ Individual Quick Freezing (IQF)
- Belt Freezing
- High Pressure-Assisted Freezing
- Others
Asia-Pacific Frozen Ready Meals Market Regional Analysis/Insights
Asia-Pacific frozen ready meals market is analyzed, and market size insights and trends are provided based on as referenced above.
The countries covered in the frozen ready meals market report are Japan, Indonesia, China, Philippines, India, South Korea, Australia, Thailand, Malaysia, New Zealand, Vietnam, Singapore, Rest of Asia-Pacific.
Japan dominates the Asia-Pacific frozen ready meals market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the growing demand for frozen snacks, meals, and frozen meat in Japan, owing to the busy lifestyle and easy availability.
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Competitive Landscape and Asia-Pacific Frozen Ready Meals Market Share Analysis
Asia-Pacific frozen ready meals market competitive landscape provides details of the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, and application dominance. The above data points only relate to the companies' focus on the Asia-Pacific frozen ready meals market.
Ø JBS S/A,
Ø The Kraft Heinz Company,
Ø Dr. Oetker,
Ø BRF Global,
Ø General Mills Inc.,
Ø Nestlé,
Ø Kellogg Co.,
Ø Ajinomoto Co., Inc., and
Ø McCain Foods Limited.
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Major TOC of the Report
1 INTRODUCTION
2 MARKET SEGMENTATION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
6 IMPACTS OF COVID-19 ON THE ASIA-PACIFIC FROZEN READY MEALS MARKET
7 ASIA-PACIFIC FROZEN READY MEALS MARKET, BY INDUSTRY TYPE
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