Study: Changing lifestyles spur growth in frozen foods
North America is the leading region in regards to consumption of frozen processed food.
The global market for frozen processed food was $57.50 billion in 2014, and will be worth $69.11 billion by 2021, exhibiting a CAGR of 2.7%, according to a report published by Transparency Market Research, Albany, N.Y.
The demand for frozen foods worldwide is driven by busy schedules, changing lifestyles and an increase in disposable income, with the highest demand for frozen foods in countries like Philippines, China, India and the United States.