Definition / Scope
Frozen foods are the food products preserved by rapid freezing process and kept frozen until they are packed in cartons, wrappers, cans or trays. In today's busy lifestyle, its consumption is gaining popularity as they are very easy to prepare and serve. In the context of Japan, top six best-frozen foods are Tsukemen, authentic fried rice, spaghetti, grilled onigiri rice balls, chicken, and gyoza. Frozen food market can be categorized into the following types on the basis of the type of food products:
- Frozen Readymade meals
- Frozen Fruits and Vegetables
- Frozen Meat
- Frozen Fish and Seafood
- Frozen Bakery Products
In Japan, frozen food shared almost 3% of the total food market in 2018. Its market size was valued at USD 6.52 billion in 2018, which is increased from USD 6.26 billion in 2016. It is growing at the CAGR of 2.4% and is expected to reach USD 7.49 billion by 2024 because of the increasing aging population and busy lifestyle.
You must Join our Subscription Plans to view this content.