Global Chilled Processed Foods Industry

Global Chilled Processed Foods Industry

  • April 2021 •
  • 191 pages •
  • Report ID: 5956281 •
  • Format: PDF
Abstract:
- Global Chilled Processed Foods Market to Reach $458.3 Billion by 2027
- Amid the COVID-19 crisis, the global market for Chilled Processed Foods estimated at US$355 Billion in the year 2020, is projected to reach a revised size of US$458.3 Billion by 2027, growing at a CAGR of 3.7% over the analysis period 2020-2027. Processed Meat, one of the segments analyzed in the report, is projected to record a 3.8% CAGR and reach US$103.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Processed Fish/Sea Food segment is readjusted to a revised 4.2% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $95.8 Billion, While China is Forecast to Grow at 6.7% CAGR
- The Chilled Processed Foods market in the U.S. is estimated at US$95.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$96.5 Billion by the year 2027 trailing a CAGR of 6.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 2.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.
- Processed Vegetables & Potatoes Segment to Record 4.1% CAGR
- In the global Processed Vegetables & Potatoes segment, USA, Canada, Japan, China and Europe will drive the 3.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$34.8 Billion in the year 2020 will reach a projected size of US$44.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$64.7 Billion by the year 2027, while Latin America will expand at a 5.1% CAGR through the analysis period.

- Select Competitors (Total 41 Featured) -
  • ALDI Einkauf GmbH & Co. OHG
  • Conagra Brands, Inc.
  • General Mills, Inc.
  • Grupo Bimbo, S.A.B. de C.V.
  • Hormel Foods Corporation
  • Kellogg Company
  • Mondelez International
  • Nestle SA
  • New Covent Garden Soup Company Limited
  • PepsiCo, Inc.
  • Primo Smallgoods
  • REWE Markt GmbH
  • Sigma Alimentos S.A. de C.V.
  • The Kraft Heinz Company
  • The Kroger Co.
  • Unilever PLC
  • Wm Morrison Supermarkets PLC