Global Chilled Processed Food Market: Overview
One of the common resultants of rapid urbanization across various emerging economies is the increased consumption of processed and packaged food, owing to the restless lifestyle wherein eating habits have radically changed. In addition to that, a number of families now have working women who prefer processed vegetables and poultry including meat, fish, and seafood as well as bakery products such as pizza, noodles, and soup. Once chilled and processed, the food products can be packaged, stored, transported, and reach the targeted consumers thanks to extended shelf-life. Under these circumstances, the demand in the global chilled processed food market is projected to increment at an impressive CAGR during the forecast period of 2016 to 2024.
This report on the global chilled processed food market is a study conducted by a group of experienced research analysts who are experienced in the field of food and commerce. The report provides crisp summation of the current condition of the market for chilled processed food, comprehensively analyzes every important market dynamic such as drivers, trends, restraints, and opportunities, segments it into smaller aspects to detected which ones are performing better than others, takes stock of the potential of demand that can be expected from various regions and countries, and explains the competitive landscape by profile a number of key companies and evaluating the shares reserved by the market leaders.
Global Chilled Processed Food Market: Trends and Opportunities
There are a number of new trends in the global chilled processed food market, but none bigger than providing products to the consumers in the freshest possible manner, as the ubiquity of smartphones and deep penetration of social media has escalated the awareness levels among urban population regarding health concerns. Expansion of product portfolio along the lines of ethnic values of respective region and country is another mode to gain consumer confidence. In addition to that, the trend for organic products and healthy living is driving the demand for chilled processed food among the dieting consumers. The advent of certification methods and traceability has also helped the producers of dairy products and poultry products in order to establish the freshness dignity among the consumers. Increased disposable income of urban population, changed lifestyle with little time for cook, and improvements in packaging options are some of the other factors augmenting the demand in the global chilled processed food market.
On the other hand, considerably higher cost of the products, resistance of end users to consume packed material especially those pertaining to vegetables and fruits, and strict government regulations for the proper maintenance of hygiene and quality of products are some of the factors that vendors of this market must overcome in order to extract higher profitability.
Global Chilled Processed Food Market: Regional Outlook
North America, backed by the developed country of the U.S. which houses the fourth largest population in the world and has rapid adoption of new and innovative products, is the most profitable region in the global chilled processed food market. That being said, China and India are two of the most promising emerging economies wherein the percentage of single earning individuals is rapidly increasing in the urban parts. This makes for a much stronger consumer base for the vendors of this market to concentrate on and increment their shares in the global chilled processed food market.
Global Chilled Processed Food Market: Competitive Landscape
Nestle, Kraft Foods, Kellogg Co., Tegel Foods Ltd., General Mills, Fonterra Brands Ltd., Sealord Group Ltd., Pinnacle Foods Corp., Heinz Co., Schwan Foods, ConAgra Foods, Unilever, Tyson Foods, Birds Eye Food, and Wal-Mart Stores are some of the key vendors operating in the global chilled processed food market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.