Frozen food involves basic food chemistry under which food is conserved by a freezing process and kept in a freezer before cooking.  Frozen food can be of various types such as ready meals, meat & poultry, vegetables & fruits, soup, sea food and others. Frozen food category offers a greater variety along with better availability of food available all year round. Frozen food offers better stock control, overcome the problem of seasonality and offers longer shelf life which allows advanced purchase and longer term storage. Compared to the fresh food, frozen products contain maximum vitamins and minerals as freezing preserves the products for extended periods without any preservatives and discourages the microbial growth that causes food spoilage.

With changing lifestyle and evolving dietary pattern, convenience food plays an important role in defining the consumers’ food choices in the modern world. The trend of consumption of convenience food began in western world and spread to other regions rapidly. Looking at the economic development at global level and specifically for BRIC countries, the increasing purchasing power of consumers, convenience trends are likely to remain significant. The increasing consumption of convenience food is driven by this desire to create more leisure time which means that consumers like to maximize their free time along with their disposable income and spend more time doing the things they value more. The frozen food is considered convenient as there is no need to put in efforts in washing, or in case of frozen fruits & vegetable which doesn’t require peeling and cutting.

The Latin America Frozen Food market has been segmented based on product type, end user, distribution channel

The Latin America market for Frozen Food - by region has witnessed continued demand during the last few years and is projected to grow at a CAGR of 4.53% by 2023 in terms of value.
 

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Latin America Frozen Food Market is dominated by ready to eat food segment, with registering a CAGR of 4.66%. But, Seafood is projected to register high growth rate of 5.01% during the review period of 2017-2023. Frozen food are readily available and offers diverse selection to the consumers as they come in multiple brands. Frozen food are commercially available throughout the year, hence overcomes the problem of seasonal shortages and addressing the problem of food security. Also, freezing preserves food with no unwanted additives. Fresh fruits and vegetables are wasted due to its natural deterioration process, and low grade storage process. However, frozen fruits and vegetables can be preserved for longer period of time and extended shelf-life.

Through this report Market Research future aims to provide understanding of the Frozen Food Market and assists identification of ongoing trends along with anticipated growth in the coming years. For this research extensive primary research was conducted to gain a deeper insight of the market performance. Various industry experts and Key Opinion Leaders (KOLs) were contacted from both supply side and demand side of Latin America Frozen Food market. The supply side industry experts consisted of CEOs, Directors, Marketing Managers, Sales Mangers, R&D Specialists, Country Manager, and Regional Managers of Frozen Food companies, Retailers, and Distributors amongst others.

List of Tables

TABLE 1    LATIN AMERICA FROZEN FOOD MARKET, BY PRODUCT TYPE (2010-2016), USD MN
TABLE 2    LATIN AMERICA FROZEN FOOD MARKET, BY PRODUCT TYPE (2017-2023), USD MN
TABLE 3    LATIN AMERICA FROZEN FOOD MARKET, BY END USER (2010-2016), USD BN
TABLE 4    LATIN AMERICA FROZEN FOOD MARKET, BY END USER TYPE (2017-2023), USD MN
TABLE 5    LATIN AMERICA FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL (2010-2016), USD BN

TABLE 6    LATIN AMERICA FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL (2017-2023), USD BN

List of Figures

FIGURE 1 LATIN AMERICA FROZEN FOOD MARKET, BY PRODUCT TYPE VALUE (USD), 2017 TO 2023 

FIGURE 2 LATIN AMERICA FROZEN FOOD MARKET, BY END USER (USD), 2017 TO 2023
FIGURE 3 LATIN AMERICA FROZEN FOOD MARKET, BY DISTRIBUTION CHANNEL (USD), 2017 TO 2023

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We are thankful for the support and assistance from “Latin America Frozen Food Market Value - Forecast from 2010-2023” chain related technical experts and marketing experts during Research Team survey and interviews.

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