Market Size of Chilled Processed Food Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.65 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Chilled Processed Food Market Analysis
The chilled processed food market is projected to record a CAGR of 5.65% in the upcoming five years.
Due to busy lifestyles, the demand for convenience foods is rising. Chilled processed food has a short cooking time, hence attracting many consumers. Consumers tend to choose chilled processed foods to reduce the time and effort in preparing food. Chilled products claim to retain the original flavor of the products and are easy to store. As they tend to have longer shelf lives than fresh products, consumers are opting for these products to minimize visiting retail establishments.
The growing working population among major countries drives the market positively as consumers prefer convenience to save time. The Ministry of Internal Affairs and Communications of Japan revealed that about 68.49 million of the total population were working as of 2018. This number increased to 69.02 million in 2022.
With increasing health consciousness among consumers, they are inclined toward consuming organic-based processed food products to restrict the excess consumption of artificial ingredients. Hence, consumers tend to prefer organic food such as chilled vegetables and fruits.
