April 22, 2024

Chilled Processed Foods: Global Market Impact of COVID-19

Amid the COVID-19 crisis, the global market for Chilled Processed Foods estimated at US$355 Billion in the year 2020, is projected to reach a revised size of US$458.3 Billion by 2027, growing at a CAGR of 3.7% over the analysis period 2020-2027. Processed Meat, one of the segments analyzed in the report, is projected to record a 3.8% CAGR and reach US$103.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Processed Fish/Sea Food segment is readjusted to a revised 4.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $95.8 Billion, While China is Forecast to Grow at 6.7% CAGR

The Chilled Processed Foods market in the U.S. is estimated at US$95.8 Billion in the year 2020. China, the world’s second-largest economy, is forecast to reach a projected market size of US$96.5 Billion by the year 2027 trailing a CAGR of 6.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 2.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.

Select Competitors (Total 41 Featured):
– ALDI Einkauf GmbH & Co. OHG
– Conagra Brands, Inc.
– General Mills, Inc.
– Grupo Bimbo, S.A.B. de C.V.
– Hormel Foods Corporation
– Kellogg Company
– Mondelez International
– Nestle SA
– New Covent Garden Soup Company Limited
– PepsiCo, Inc.
– Primo Smallgoods
– REWE Markt GmbH
– Sigma Alimentos S.A. de C.V.
– The Kraft Heinz Company
– The Kroger Co.
– Unilever PLC
– Wm Morrison Supermarkets PLC

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