December 31, 2021 04:13 ET | Source: Research and Markets Research and Markets
Dublin, Dec. 31, 2021 (GLOBE NEWSWIRE) — The “Europe Frozen Food Market, Forecast, Impact of COVID-19, Industry Trends, by Product, Category, Growth, Opportunity Company Analysis” report has been added to ResearchAndMarkets.com’s offering.
The European Frozen Food Market is expected to reach US$ 124.1 Billion by 2027. As per this research study, the European Frozen Food Industry will grow with a CAGR of 5.15% from 2020-2027.
The rising popularity of ready-to-eat foods is also propelling the European frozen food industry. Customer tastes and preferences altering in response to lifestyle changes are one of the key drivers of European market expansion. The established urban and regional sectors, in particular, have played a significant role in popularizing this tendency. Another crucial consideration for the growth of the European Frozen Food market is the increasing regulation regarding frozen food safety and measures taken by major manufacturers.
In the European region, the demand for frozen food in the UK has risen dramatically due to a rise in living standards and the shift to a more convenient lifestyle. The tight government restrictions to preserve product quality, certifications/labels, and make products more appealing are bolstering the expansion of this market.
The frozen food business in Germany is expected to be a significant growth driver in the region. The rise of the German frozen food business is fueled by rising demand for frozen meat and seafoods. The European Frozen Food Market Size was worth US$ 87.3 Billion in 2020.
COVID-19 Impact on Europe Frozen Food Market Size
Since COVID-19 began, the frozen food industry has seen steady growth. The primary reason for this growth is that people have gravitated towards foods with longer shelf lives. Furthermore, sales of frozen foods in the European region, especially frozen ready meals, have increased, as consumers are stockpiling food products. Frozen foods also appealed to customers as it helps them avoid cooking when they cannot visit restaurants in lockdown.
Challenges faced by European Frozen Food Industry
The growth of the European frozen food industry has been hampered by rising fresh food consumption. Besides, there is also a misconception about frozen food that it leads to adverse side effects, such as heart disease, diabetes and high blood pressure. The European frozen food market is expected to grow slowly due to high maintenance and shipping expenses. The lack of appropriate supply is one of the most serious issues confronting the frozen food sector.
The report provides comprehensive details about Europe Frozen Food Industry across the following segmentations:
Product – Market breakup from 5 viewpoints
Product Category – Market breakup from 3 viewpoints
Country – Market breakup from 6 viewpoints
Distribution Channel – Market breakup from 4 viewpoints
All companies have been covered from 3 viewpoints
For more information about this report visit https://www.researchandmarkets.com/r/lgnzk9
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