Frozen Entree Market Scope And Analysis

Report Code : TIPRE00030009
Category : Food and Beverages

Status : Published
No. of Pages : 167

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Frozen Entree Market Scope and Analysis Report by 2030

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Frozen Entree Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 39.93 Billion
Market Size by 2030	US$ 57.05 Billion
Global CAGR (2022 - 2030)	4.6%
Historical Data	2020-2021
Forecast period	2023-2030
Segments Covered	By Type Meat-Based Entrees and Plant-Based Entrees By Category Organic and Conventional By Distribution Channel Supermarkets & Hypermarkets Convenience Stores Online Retail
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Impossible Foods Inc Kellogg Co Conagra Brands Inc Daiya Foods Inc Nestle SA Del monte Foods Inc B G Foods Inc Waffle Waffle LLC Mars Inc

COVID-19 Impact:

The COVID-19 pandemic affected economies and industries in various countries across the globe. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including the food & beverages industry. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and sales of various essential and nonessential products. Various companies announced possible delays in product deliveries and a slump in future sales of their products in 2020. Consumers started panic-buying due to lockdowns and travel bans. They stocked their pantries which increased the demand for frozen and prepared meals. The corporate sector announced work-from-home mandates. Additionally, cafe and restaurant visits of people decreased. Thus, the demand for in-home consumption of frozen meals witnessed a huge surge. This factor had a positive impact on the frozen entrée market. However, manufacturers with lack of inventories and raw material shortage faced significant losses. In 2021, as governments of various countries announced relaxation of several restrictions such as lockdowns, travel bans, and trade barriers, the marketplace witnessed recovery. The manufacturers of frozen entree could operate at full capacity, which helped them to overcome the demand-supply gap. Online grocery shopping trends emerged rapidly as consumers enjoyed shopping remotely during lockdowns. This factor is expected to boost the frozen entree market during the forecast period.

Competitive Landscape and Key Companies:

Some of the prominent players operating in the global frozen entree market are Impossible Foods Inc, Kellogg Co, Conagra Brands Inc, Daiya Foods Inc, Nestle SA, Del monte Foods Inc, B&G Foods Inc, Waffle Waffle LLC, Mars Inc, and Amy's Kitchen Inc. Players operating in the global frozen entrée market focus on providing high quality and innovative products with vegan, GMO-free, organic, and gluten-free claims to fulfil the changing customer preferences.