San Francisco, Sept. 20, 2016 (GLOBE NEWSWIRE) — The U.S. frozen food market is expected to reach USD 72.98 billion by 2024, according to a new report by Grand View Research, Inc. Greater economic participation from all segments of the U.S. society has resulted in hectic work schedules thus causing a change in lifestyles. Frozen food provides convenience thus catering to this shifting trend.
Frozen foods are easy to carry, cook and consume. They do not require much preparation before consumption. They come in pre-portioned and pre-measured quantities which reduce waste. Thus, they limit the time needed for cooking and this trend is expected to benefit the U.S. market over the forecast period.
Fruits & vegetables are frozen at the time of their ripeness. Advancements in freezing technology have enabled to lock in all the nutrients in the products. Furthermore, competitive pricing has allowed frozen foods to be available in comparatively fewer prices. All these inherent benefits are expected to drive the overall market over the next eight years.
Government regulations coupled with health concerns are expected to restrain the market growth. To overcome this restraint, companies impose strict quality checks on their raw material sourcing processes. Also, companies have reduced the content of harmful substances such as trans fats in frozen food.
There have been recent advancements such as the creation of new formulations that remove allergens like dairy, soy, and wheat, the introduction of a wide range of ethnic, and ingredients to suit changing palates and innovations in packaging are expected to impact the overall industry growth positively.
Browse full research report with TOC on “U.S. Frozen Food Market Analysis By Product (Frozen Fruits & Vegetables, Frozen Potatoes, Frozen Ready Meals, Frozen Meat, Frozen Fish/Seafood, Frozen Soup) And Segment Forecasts To 2024” at:http://www.grandviewresearch.com/industry-analysis/us-frozen-food-market
Further key findings from the report suggest:
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Grand View Research has segmented the U.S. frozen food market on the basis of product:
U.S. Frozen Food Market Product Outlook (Revenue, USD Million, 2014 – 2024)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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