Global Chilled Processed Food Market - Growth, Trends and Forecasts 2017 - 2022

  • ID: 4387588
  • Report
  • Region: Global
  • 164 pages
  • Mordor Intelligence
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Market Insights

The market for chilled processed food was valued at USD 320.56 billion in 2015, which is expected to grow at a CAGR of 5.3% during the forecast period. Rise in health consciousness among people is a major factor driving the growth of the global chilled processed food market.

Innovation plays a key role in the growth of the market; Nestle, one of the key vendors in this market, opened an R&D center in Ohio in 2015, with an investment of USD 50 million. The market demand for chilled processed food is expected to grow rapidly in the Asia-Pacific region, due to an increase in the population and rise in disposable incomes.

Market Dynamics

Due to busy lifestyles, the demand for convenience foods is on the rise. Hence, chilled processed food, which has a high-speed cooking time, attracts many consumers. The increasing population, especially of working women, also drives the demand for chilled processed food, which is convenient as well as healthy. In this case, the standard of food is maintained by storing it at low temperature; however, the high cost of cooling systems is a major restraint to the market. This market is expected to grow rapidly in the Asia-Pacific region, due to urbanization and increasing population, which act as opportunities.

Market Segmentation

The global chilled processed food market has been segmented by food type into processed red meat, processed poultry, processed fish/sea food, processed vegetables, bakery products, ready meals, pizza, soup, and noodles. The market is further segmented by the distribution channel into super markets/hyper markets, convenience stores, specialty food stores, online retailers, and others. The super markets/hyper markets segment dominates the global market.

Regional Analysis

The chilled processed food market has been geographically segmented into North America, Europe, South America, Africa and Asia-Pacific. The market is dominated by North America, followed by Europe, due to the presence of several regional and multinational vendors and an improved supply chain. In North America, the U.S holds the largest market share. However, the rapid growth is expected in the Asia-Pacific region, due to an increase in population and rise in disposable incomes. India and China are the two major countries in this region with the largest market share.

Competitive Environment

The global market for chilled processed food is highly fragmented, with vendors competing for innovation, pricing, and distribution. Processed food needs to be stored at a very low temperature so as to maintain the quality, which requires high capital investment, hence considered a major challenge to the vendors. A lot of money is being invested by vendors in research and development to remain competitive in the market. Nestle opened an R&D center in Ohio in 2015, with an investment of USD 50 million.

Some of the major players in the market include:

Key Deliverables:

Market analysis for the global chilled processed food market, with region specific assessments and competition analysis on a global and regional scale.

Market definition along with the identification of key drivers and restraints.

Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.

Extensively researched competitive landscape section with profiles of major companies along with their market share.

Identification and analysis of the macro and micro factors at both global and regional level.

A comprehensive list of key market players, along with the analysis of their current strategic interests and key financial information.

A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.

Insights on the major countries/regions where this industry is growing and to also identify the regions that are still untapped
Note: Product cover images may vary from those shown
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1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach & Methodology
2.1 Introduction
2.2 Research Designs
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. Key Findings of the Study
4. Market Dynamics
4.1 Drivers
4.1.1 Rapidly Chaning Lifestyle & Consumer Preference
4.1.2 High Speed Cooking
4.1.3 Increase in Disposable Income
4.2 Constraints
4.2.1 High Capital Investment
4.3 Opportunities
4.3.1 Increasing Demand in Developing Regions
4.3.2 Innovation in the Market
4.4 Porter Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. Market Segmentation
5.1 By Food Type
5.1.1 Processed Red Meat
5.1.2 Processed Poultry
5.1.3 Processed Fish/Sea Food
5.1.4 Processed Vegetables and Potatoes
5.1.5 Bakery Products
5.1.6 Ready Meals
5.1.7 Pizza, Soup, and Noodles
5.2 By Distribution Channel
5.2.1 Super Markets/ Hyper Markets
5.2.2 Convenience Stores
5.2.3 Specialty Food Stores
5.2.4 Online Retailers
5.2.5 Others
5.3 By Geography
5.3.1 North America U.S. Canada Mexico Others
5.3.2 Europe Germany U.K. France Spain Italy Russia Others
5.3.3 Asia-Pacific China Japan India Australia Others
5.3.4 South America Brazil Argentina Others
5.3.5 Africa South Africa Others
6. Competitive Landscape
6.1 Most Adopted Strategies
6.2 Most Active Companies
6.3 Market Share Analysis
7. Company Profiles
7.1 Aldi Einkauf GmbH & Co.
7.2 ConAgra Foods Inc.
7.3 General Mills
7.4 Grupo Bimbo SAB de CV
7.5 Hormel Foods Corp.
7.6 Kellogg Co.
7.7 Kerry Foods Ltd.
7.8 Kraft Foods Inc.
7.9 Kroger Co.
7.10 Mondelez
7.11 Nestle
7.12 New Covent Garden Soup Co Ltd.
7.13 P&M Quality Smallgoods
7.14 Pepsico
7.15 Rewe Markt GmbH
7.16 Sigma Alimentos SA de CV
7.17 Unilever
7.18 Wm Morrison Supermarkets Plc
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Note: Product cover images may vary from those shown