Healthy Market for Frozen Food in Germany
by Susan Hill Business Consultant19 November 2018, Germany Frozen Food Market is expected to reach USD 15.77 billion by 2024 and is anticipated to grow over the forecast period as well. Increasing popularity of seasonal frozen food among the young German consumer is the key factor driving the growth of this food products over the forecast period. Frozen food products are easy to cook and are healthy. Improvement in preservation technology has helped in maintaining nutrient and vitamins. In addition, frozen foods can be stored for longer period without preservatives owing to the sophisticated cold storage technology.
According to German Frozen Food Institute,
almost 17,000 different products are available in Germany and strong
credentials to freshness, convenience and value makes frozen food popular among
consumers. The frozen bakery products accounted for the largest market share in
2016. Increasing offering of high quality of frozen bakery products in
combination and customizable solution are the factors driving the growth of
frozen bakery product category in Germany. Frozen pizza is expected to grow at
a fastest CAGR owing to the increasing demand for fast food in the region.
Furthermore, increased in clean label and launched of vegetarian pizza is
expected have opposite impact on market growth in the near future.
Free from gluten and lactose trend can
be seen increasing in the market. Many companies are focusing on adding values
and variants to their product offering. Furthermore, consumer show lasting
interest in traditional food. Thus, exciting trend for frozen food products
which use regional recipes and, with the usage of locally made raw products is
expected increase in foreseeable future.
Browse Details of Report @ https://www.hexaresearch.com/research-report/germany-frozen-food-market
Offline distribution channel dominated
the frozen food market in 2016. According to a study conducted by one of the
German institute, about 34 times German consumer visit frozen food section in
supermarket yearly. While offline channel remains dominant, online channel is
anticipated to register a fast growth over the forecast period. Convenience
factor and availability of discounts and wide variety of purchase options are
some of the factors driving the growth of online retail channel.
Leading companies in this market are
adopting brownfield expansion strategy to sustain in competitive environment
and expand their presence in the market. For instance, in 2013, Nestlé Wagner
opened a new frozen pizza manufacturing facility in Germany in order to expand
its product portfolio to cater increasing demand of frozen pizza and to
strengthen its market position in the market.
Hexa Research has segmented the
Germany frozen food market report based on type and distribution channels:
Segmentation by
food type, 2014 - 2024 (USD Million)
• Frozen ready meals
• Frozen fish/seafood
• Frozen meat
• Frozen pizza
• Frozen potato products
• Frozen bakery products
• Others
Segmentation by
distribution channel, 2016 (% Share)
• Offline
• Online
Key players
analyzed:
• Permira
• Nestlé
• McCain Foods
• Dr. August Oetker KG
• Nomad Foods Europe Ltd
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/food-and-beverages-industry
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Created on Nov 19th 2018 03:54. Viewed 428 times.