Study: Global Frozen Food Market Expected to Reach $293.75B by 2019
Transparency Market Research, Albany, N.Y., says the demand for frozen food, which was valued at $224.74 billion in 2012, is expected to reach $293.75 billion by 2019.
According to the study, "Frozen Food Market (Vegetables & Fruits, Potatoes, Ready-to-eat Meals, Meat, Fish/Seafood and Soups) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019," the global market for frozen food witnessed growth due to the growing demand for faster-to-prepare foods, new product launches in the market and strong demand from emerging economies. However, government intervention and regulations are major restraints for the market growth.