Global frozen food market to reach $300 billion by 2020
According to new statistics from Grand View Research, the global frozen food market will reach $307.33billion in the next five years.
The report puts this continued growth down to the consumer shift toward adoption of food requiring less time to prepare. Frozen food is convenient and readily available, whilst taking longer to perish than fresh foods – ideal for consumer’s constantly changing lifestyles.
The growth of the meat industry in areas such as Brazil, Russia, India and China was noted as a key driver for the global frozen food market.
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