UAE Frozen Food Market will witness growth at a very high CAGR by 2024, owing to the increasing demand of ready-to-eat convenience foods among the working population which prefers ready to eat meals, over cooking due to hectic work schedules and fast-paced lifestyle.
Moreover, the country has been observing an increase in the number of women joining the workforce. As a result, majority of working women are shifting to frozen foods that are convenient to use, healthy and can be prepared easily, which is likely to drive the growth of the frozen food market in the next five years.
Factors such as improving standards of living, high disposable incomes and rapid urbanization are anticipated to propel the growth of the market by 2024. Additionally, innovations in the food industry by the manufacturers due to stiff competition, technological advancements in the packaging industry will ensure robust growth of the market.
Some of the leading players in the UAE Frozen Food Market are Ajinomoto Co Inc, Amy's Kitchen Inc, Ardo N.V., Arena Agroindustrie Alimentari SPA, Bellisio Foods, Inc, Bonduelle SCA, Conagra Foods Inc, Findus Group, General Mills Inc, H.J. Heinz Company etc.
Based on the product, the Global Frozen Food Market is dominated by frozen fruits & vegetables, which is expected to maintain its position in the forecast period due to its associated convenience factor. Based on the technique, the Belt Freezers segment is projected to lead the market in the forecast period due to technological advancements in freezing methods.