Based on Technavio’s market research report, the global frozen food market is expected to grow at a steady rate and post a CAGR of more than 6 percent during the forecast period. The rising urbanization leading to the demand for convenient food products will drive the growth prospects for the global frozen food market during the estimated period. The consumption of convenience food such as frozen foods is increasing with the rising disposable income, hectic lifestyle, and the improved living standards due to the rise in urbanization. Also, with the growing inclination of both consumers and producers towards the ease of use, increasing the shelf life of products, reducing the preparation or cooking time, and reducing the clean-up times, the market will witness demands for healthy frozen meals l, which, in turn, will propel the growth of the frozen food market.
Due to factors such as the growing incidence of food allergies, gluten intolerances, inflammation, hypothyroidism, and autoimmune attacks, the coming years will witness an increase in the adoption of gluten-free food products. According to Market Research analysis, this rise in demand for gluten-free products will be one of the major trends that will gain traction in this market. Frozen food is preserved from the time it is prepared to the time it is eaten. Equipment's used for frozen food processing are available in diverse capacities, shapes and sizes to meet the varied necessities of the clients. Available at affordable rates, these machines can also be designed in adherence with the demands of clients. Global frozen food industry is rising at a high pace and is strengthening the demand for frozen food processing equipment over the years. The frozen food processing machinery comes in different shapes and sizes in order to meet the necessary need of companies operating in, confectionery, drinks, frozen foods, poultry, vegetables, dairy foods and others. This market is presently growing at a substantial pace and is projected to observe astounding growth over the next seven years till 2023. Rising awareness among people regarding frozen processed food, and growing household income is likely to fuel the growth of food processing machinery market over the forecast period according to Transparency Market Research.
Apart from this, rising demand for packaged foods is further anticipated to propel the growth of market till 2023.Mechanical freezers were the leading products in the food industry and are used in the immense majority of freezing / refrigerating activities. Processing equipment mixes a refrigerant, normally ammonia, which extracts heat from the food product. At present, Europe and Asia Pacific are the major market for food processing machinery. Europe clutched the second major share in the total revenue of food processing machinery market. Due to obtainability of large number of poultry, meat and seafood manufacturing vendors in the region, Asia Pacific region is expected to be dominant over the forecast period. Major players are adopting different market plans to enter and improve their market position and delivery network. There are different drivers driving this market such as disposable income, replacement of older equipment, impact analysis and preference changing towards processed food. However there are factor restraining frozen food processing market such as international quality standards and regulations.
Major opportunities in the frozen food processing machinery market is advancement in technology, and growth in emerging economies. The frozen food processing machinery market is segmented on the basis of type, by application, by equipment, by techniques and on the basis of region. The frozen food processing machinery market is segmented by type such as drying and freezing. On the basis of application, the segment has been split into meat, poultry and seafood, ice creams, fruits and vegetables, frozen specialties and baked goods. There are different equipment used in this market such as chillers, feeders, dryers, homogenizers, roasters, mixers, slicers, ovens, separators and others.