The global market for frozen bakery products reached USD13.0bn in 2014 and is projected to grow at a CAGR of 8.5% from 2015 to 2020. The worldwide consumption of frozen bakery products is projected to grow at a competitive CAGR of 7.2% during the forecast period.
Similarly, the demand for frozen potatoes in Europe has held up well in recent years, mainly due to the fact that frozen potato products are viewed as convenient, as well as offering good value for money.
In per capita terms, pork is the most popular form of meat with EU consumers. In 2015, per capita consumption was 41 kg, up by around 1 kg compared with the previous year. Within the EU region, the highest consumers of pork in per capita terms are Austria (56 kg), Poland (55 kg) and Spain (54 kg). The EU’s largest market for pork in volume terms is Germany, where consumption amounted to more than 4.3m tons in 2015.
Ice cream lovers from Europe are getting more interested in healthier options, as the attention paid to non-dairy ice cream has been rising. Indulgence is also part of the game and producers constantly update their portfolio with rich texture, exotic flavors and premium assortments.
As might be expected, Italy is the world’s leading pasta producer, with an output worth 3.2m tons in volume terms. This equates to a quarter of global output, while pasta production represents nearly 6% of total output by the Italian food industry. Dried pasta accounts for more than 95% of domestic pasta production in Italy, whilst the country exports over 1.7m tons of pasta per annum.
Frozen vegetables represent an important component of the European frozen foods industry, since they are a widely-eaten meal accompaniment. Although the sector encompasses traditional favorites such as peas, carrots, broccoli and green beans, it also includes more exotic varieties, positioned as convenience and/or added-value products – one example is stir-fry vegetable mixtures, which are typically used in the preparation of Asian dishes.
Frozen Food Europe has introduced the European Dossier, a collection of data concerning the evolution of the main frozen food categories. The main focus of the dossier is Europe, however it also provides readers with information on the global dynamics for the frozen food industry. As such, besides the main European markets, such as Germany, the UK, France, Belgium, the collection includes data on Eastern European countries, but also on the US and other geographic regions, where important trends and market dynamics have been noticed.
The collection of articles is meant as a useful guide for both producers and buyers of frozen food, providing concrete information and estimates on how the main frozen food categories may evolve in the coming year.
To access the dossier, please click here.