Frozen Food Market to Reach USD 385.04 Billion by 2028 | Pilgrim''s Pride Corporation Acquired Business Owned by Kerry Consumer Foods, set to Spur Growth
Pune, India, April 22, 2022 (GLOBE NEWSWIRE) -- The global Frozen Food market size was USD 231.38 billion in 2020. The market is projected to grow from USD 256.46 billion in 2021 to USD 385.04 billion in 2028 at a CAGR of 5.98% during the 2021-2028 period. This information is provided by Fortune Business Insights , in its report, titled, "Frozen Food Market, 2021-2028." As per the research conducted by our expert analysts, the market is observing advanced growth owing to the growing demand for easily accessible food products such as ready-to-eat meals and cold cuts. COVID-19 Impacts: Decreased Manpower in Production Units amid COVID-19 to Obstruct Market Growth This market witnessed an exponential rise in sales owing to the fright buying documented among consumers with the fear of global lockdown being imposed amid COVID-19 pandemic. Furthermore, frozen items pooled with other fundamental items were the instantaneous food products being sold in the primary days of lockdown owing to their elongated shelf life.
Frozen Food Market to Reach USD 385.04 Billion by 2028 | Pilgrim''s Pride Corporation Acquired Business Owned by Kerry Consumer Foods, set to Spur Growth
Pune, India, April 22, 2022 (GLOBE NEWSWIRE) -- The global Frozen Food market size was USD 231.38 billion in 2020. The market is projected to grow from USD 256.46 billion in 2021 to USD 385.04 billion in 2028 at a CAGR of 5.98% during the 2021-2028 period. This information is provided by Fortune Business Insights , in its report, titled, "Frozen Food Market, 2021-2028." As per the research conducted by our expert analysts, the market is observing advanced growth owing to the growing demand for easily accessible food products such as ready-to-eat meals and cold cuts. COVID-19 Impacts: Decreased Manpower in Production Units amid COVID-19 to Obstruct Market Growth This market witnessed an exponential rise in sales owing to the fright buying documented among consumers with the fear of global lockdown being imposed amid COVID-19 pandemic. Furthermore, frozen items pooled with other fundamental items were the instantaneous food products being sold in the primary days of lockdown owing to their elongated shelf life.