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  • Algeria

    Algeria faces hurdles in sourcing milk from Uganda – Pulse Uganda

    Algeria Embarks on a New Era of Technological Sovereignty: Inauguration of the First National Electronic Chip Laboratory – دزاير توب

    Algeria Expelled Record of 31,404 Migrants to Niger in 2024 Amid Global Uproar – Morocco World News

    Algeria set to issue Sukuk for project finance – ZAWYA

    Strained Relations: France and Algeria’s Diplomatic Woes – Qhubo

    Algeria Cuts Taxes, Introduces Exemptions to Spur Digital Innovation – We Are Tech

  • Egypt

    Egypt Embraces Technology to Modernize Governance and Citizen Engagement – Tech in Africa

    Egypt: Beltone Investment Banking advises on $180mln financing deal for MAFI – ZAWYA

    Rambo’s Story: A Window into Animal Dignity and Suffering in Egypt – Egyptian Streets

    Swiss logistics giant MEDLOG to build new state-of-the-art dry port in Egypt – Economy – Business – Ahram Online

    Explainer: Towards a cashless future! Exploring e-wallets in Egypt – Tech – Business – Ahram Online

    Egypt’s net foreign assets decline by $3.25bn in November – Gulf Business

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    Libya has around 124,000 Point of Sales machines – needs 200 to 250,000 to solve its liquidity problem: Former senior banker – Libya Herald

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    Russia is shifting military gear from Syria to Libya after the fall of Assad, Ukraine says – Business Insider

    France’s Alpha-Cim and FB Technology‎ make a presentation to the Airports Authority – Libya Herald

    Libyan Foreign Bank announces preliminary 2024 Year-End Results showing US$ 440 million net profits – change of CEO – Libya Herald

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    • Morocco

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      Morocco shares higher at close of trade; Moroccan All Shares up 0.23% – Investing.com UK

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      Blockchain Technology Providers: Catalysts for Supply Chain Innovation in Emerging Markets – Morocco World News

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            Tunisia: African Development Bank grants a loan of over €80 million to upgrade road infrastructure in seven of the country’s governorates – African Development Bank

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            • North Africa
              As Part of the “AfriSummit 2024” Activities A High-Level Meeting between Uganda and Egypt to Strengthen Pharmaceutical Cooperation and Expand the African Market

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              ضمن فعاليات “قمة إفريقيا للشؤون التنظيمية 2024” اجتماع رفيع بين أوغندا ومصر لتعزيز التعاون الدوائي وتوسيع السوق الإفريقية

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                  • Algeria

                    Algeria faces hurdles in sourcing milk from Uganda – Pulse Uganda

                    Algeria Embarks on a New Era of Technological Sovereignty: Inauguration of the First National Electronic Chip Laboratory – دزاير توب

                    Algeria Expelled Record of 31,404 Migrants to Niger in 2024 Amid Global Uproar – Morocco World News

                    Algeria set to issue Sukuk for project finance – ZAWYA

                    Strained Relations: France and Algeria’s Diplomatic Woes – Qhubo

                    Algeria Cuts Taxes, Introduces Exemptions to Spur Digital Innovation – We Are Tech

                  • Egypt

                    Egypt Embraces Technology to Modernize Governance and Citizen Engagement – Tech in Africa

                    Egypt: Beltone Investment Banking advises on $180mln financing deal for MAFI – ZAWYA

                    Rambo’s Story: A Window into Animal Dignity and Suffering in Egypt – Egyptian Streets

                    Swiss logistics giant MEDLOG to build new state-of-the-art dry port in Egypt – Economy – Business – Ahram Online

                    Explainer: Towards a cashless future! Exploring e-wallets in Egypt – Tech – Business – Ahram Online

                    Egypt’s net foreign assets decline by $3.25bn in November – Gulf Business

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                    • Commentary
                    • Featured
                    • Event
                    • Editorial
                  • Libya

                    Libya Exhibition for Energy, Electricity and Lighting Technologies – The Libya Observer

                    Libya has around 124,000 Point of Sales machines – needs 200 to 250,000 to solve its liquidity problem: Former senior banker – Libya Herald

                    Libya's oil ambitions face Russian threat amid production boost – MSN

                    Russia is shifting military gear from Syria to Libya after the fall of Assad, Ukraine says – Business Insider

                    France’s Alpha-Cim and FB Technology‎ make a presentation to the Airports Authority – Libya Herald

                    Libyan Foreign Bank announces preliminary 2024 Year-End Results showing US$ 440 million net profits – change of CEO – Libya Herald

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                    • Morocco

                      We work remotely, so we moved from the US to Morocco. We plan to stay for years. – Business Insider

                      Morocco shares higher at close of trade; Moroccan All Shares up 0.23% – Investing.com UK

                      Morocco Jails Activist Over Earthquake Response Remarks – News Central

                      Blockchain Technology Providers: Catalysts for Supply Chain Innovation in Emerging Markets – Morocco World News

                      Spain and Morocco advance new trade framework for Ceuta and Melilla amid local opposition – FreshPlaza.com

                      Moroccan Treasury Raises 700 Million USD in Strong January 2025 Auction – Morocco World News

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                      • South Sudan

                        Royal Palace Hotel rooftop solar, South Sudan – ESI-Africa.com

                        Sudan Lifts Force Majeure on South Sudan's Oil Exports – MarketWatch

                        Turkish aid agency TIKA delivers food aid to 250 children at South Sudan orphanage – Türkiye Today

                        Sudan drops out of hunger-monitor system on eve of famine report – Arab News

                        China donates nearly 1,000 tonnes of emergency food to support vulnerable people in South Sudan – China.org.cn

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                        • Sudan

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                          South Sudan to Resume Oil Production Following Year-long Halt – Africa.com

                          South Sudan under pressure to disclose oil production deals – The East African

                          French military technology used in Sudan war despite UN arms embargo: Amnesty – News.Az

                          KUNA : Sudan's banknote replacement triggers off economic challenges – Economics – 06/01/2025 – Kuwait News Agency

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                          • Tunisia

                            China's Huawei supports Tunisia's smart education – People's Daily

                            List of Banks in Tunisia – Global Banking And Finance Review

                            Tunisia's ODC tenders for 75,000 tonnes of feed barley for Feb-Mar – AgriCensus

                            Tunisia: 2nd mission to Senegal’s construction and infrastructure fair SENCON – African Manager EN

                            Tunisia has potential to export green technologies – ZAWYA

                            Tunisia: African Development Bank grants a loan of over €80 million to upgrade road infrastructure in seven of the country’s governorates – African Development Bank

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                            • North Africa
                              As Part of the “AfriSummit 2024” Activities A High-Level Meeting between Uganda and Egypt to Strengthen Pharmaceutical Cooperation and Expand the African Market

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                              ضمن فعاليات “قمة إفريقيا للشؤون التنظيمية 2024” اجتماع رفيع بين أوغندا ومصر لتعزيز التعاون الدوائي وتوسيع السوق الإفريقية

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                              African Health Authorities and Industry Leaders Unite to Discuss Pharma Regulations and Innovations

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                              Uniting for a Healthier Africa

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                              ارتفاع الاستثمار الأجنبي المباشر مع مرور عام على تولي إدارة تينوبو السلطة

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                                  Home Press Releases

                                  World Quick-Frozen Food Market Size Forecast to Reach $290.6 Billion by 2026

                                  admin by admin
                                  March 10, 2022
                                  in Press Releases
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                                  (EMAILWIRE.COM, March 10, 2022 ) World Quick-Frozen Food Market size is forecast to reach $290.6 billion by 2026, growing at a CAGR of 5.6% during the forecast period 2021-2026. Consumables in the form of food products that are preserved under low temperature through a process called flash freezing and used over a long period are collectively called frozen foods. The primary driving forces of the market are high disposable income across major economies, products with longer shelf life, growing impulsive buying by consumers, and rising demand for frozen food products, due to the busy lifestyle. Frozen foods in the form of ready-to-eat meals, usually come infused with carboxymethylcellulose and oxygen scavengers, which are beneficial to human health. A proactive lifestyle due to urbanization has made consumers turn to frozen food products whenever they have spare time. Availability of frozen foods through multiple distribution channels has altered the purchasing patterns of consumers regarding dietary products, thereby ensuring a strong foothold for frozen foods in the list of daily consumables. The market gained limelight from selling raw foods, like frozen meat, fish, vegetables, and fruits to prepared foods and frozen vegetable mixes (with meat, rice, and pasta), frozen desserts, as well as bakery products which is set to further enhance the overall market developments of the World Quick-Frozen Food Market for the period 2021-2026.

                                  World Quick-Frozen Food Market Segment Analysis – By Product Category

                                  The ready-to-eat segment held the largest share in the World Quick-Frozen Food Market in 2020 and is estimated to grow at a CAGR 5.1% during the forecast period 2021-2026. This is owing to the growing urbanization which has made the life of consumers, especially in tier I cities extremely busy. To cope up with the busy life, consumers including millennials and gen Z are adopting ready-to-eat frozen foods which are convenient to consume, source and nutritious at the same time. On the other hand, ready-to-drink frozen food is also gaining a lot of traction which is attributable to the key competitors continuously innovating with their existing product line-ups in order to provide healthier drinks keeping the flavour quotient high. Milk-based frozen drinks are enriched with nutrients, like calcium, potassium, magnesium, and vitamin A and D, protein, and a number of other essential vitamins and minerals. Ready-to-drink segment is estimated to register the higher CAGR over the period 2021-2026.

                                  Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=513327

                                  Report Price: $ 5900 (Single User License)

                                  World Quick-Frozen Food Market Segment Analysis – By Distribution Channel

                                  Hypermarkets/Supermarkets segment held the largest share in the World Quick-Frozen Food Market in 2020 and is estimated to grow at a CAGR 5.4% during the forecast period 2021-2026. This is owing to the wide variety of product line-ups available from a multitude of brands, under one single roof. This makes the buying experience convenient for consumers. Due to the availability in abundance, hypermarkets can also give coupons and offers, thereby creating good deals for consumers. However, with internet penetration, the sub-urban and rural areas surrounding most of the metropolitan cities, online sales channels are also getting a lot of limelight from the consumers. The online channels segment is estimated to register the higher CAGR over the period 2021-2026.

                                  World Quick-Frozen Food Market Segment Analysis – By Geography

                                  Europe dominated the World Quick-Frozen Food Market with a major share of 38% in 2020. This is attributed to the attitude of customers which has been changing toward frozen food and has transformed significantly in Europe since the last decade, primarily attributable to an improvement in living standards and an increasing need for convenience. Most manufacturers in this region has been successful over the recent past, and the growth trajectories in markets such as the United Kingdom, France, and Germany, is immense.

                                  However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the rising disposable income of the majority of the households throughout the region and the rapid growth of urbanization which has led to the progressive adoption of ready-to-eat and ready-to-cook food products, across various countries like Pakistan, India, Malaysia, and Singapore, among others.

                                  Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=513327

                                  World Quick-Frozen Food Market Drivers

                                  Rising demand for convenience food due to its ease of consumption is driving the market growth

                                  In the recent past, the growing inclination of consumers towards convenience foods indirectly supplemented the rising need for frozen products because they require less time and effort than conventional cooking. The quick-frozen food market is majorly augmented by the greater demand for convenience foods owing to the busy lifestyles of consumers. According to The World Bank, the U.S. had an 83% urbanization in 2020 as compared to 77% back in 1995. This, in turn, bolsters the demand for frozen products. Thus, increasing the growth of the World Quick-Frozen Food Market during the forecast period 2021-2026.

                                  Rising disposable income of consumers is poised to increase the growth of the market

                                  Rising disposable income of consumers across all the major economies has positively impacted the growth of the quick frozen foods market. This is mainly because it increases the buying power of consumers. According to the Bureau of Economic Analysis, disposable personal income in the U.S. increased to USD 18,048.10 billion in July 2021 from USD 17,272 billion in December 2020. Thus, increasing the growth of the World Quick-Frozen Food Market during the forecast period 2021-2026.

                                  World Quick-Frozen Food Market Challenges

                                  Lack of cold chain infrastructure in developing economies is likely to challenge the market growth

                                  Some of the factors that are set to impede the growth of the World Quick-Frozen Food Market is the cold chain logistics which is a pivotal requirement to magnify the market share of frozen food, irrespective of the economy. However, developing countries are still lacking in cold chain infrastructure and are unable to supply safe frozen food products to their citizens. According to International Trade Administration, North America had a cold chain infrastructure market valuation of USD 98.47 billion in 2020 as compared to USD 89.76 billion in 2019, which is not a significant increase in order to cope with the growing demand for frozen foods. Frozen food usually comes with a longer shelf life but attributing to insufficient infrastructure, products get wasted. Poor infrastructure in cold chain logistics has directly impacted the import, storage, and export business of frozen food products in developing countries namely Bangladesh, South Africa, and Myanmar. Whereas, these countries have a commendable adoption of frozen foods throughout.

                                  World Quick-Frozen Food Market Landscape

                                  Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the World Quick-Frozen Food Market. In 2020, the World Quick-Frozen Food Market share is fragmented by the top ten players present in the market. The World Quick-Frozen Food Market, top 10 companies are:

                                  General Mills

                                  Unilever

                                  Nestlé

                                  Tyson Foods

                                  Nomad Foods Ltd

                                  Kellogg Company

                                  Real Good Foods Company

                                  Associated British Foods plc

                                  McCain Foods Limited

                                  Kraft Heinz Company

                                  Recent Developments:

                                  Real Good Foods Company, revealed the launch of 7 fresh line-ups of frozen foods across roughly 1,500 Kroger stores across the U.S, on 17th August 2021. The new products are low in carbohydrates, high in protein, grain-free, and gluten-free, thereby aiding consumers with their fitness goals.

                                  With frozen food sales rising from 17.4% between November 2019 and November 2020, Nestlé USA is investing USD 100 million to expand its frozen foods factory in Gaffney, South Carolina.

                                  Key Takeaways

                                  Europe dominated the World Quick-Frozen Food Market in 2020 owing to the growing living standards and an increasing need for convenience. The World Quick-Frozen Food Market scope for different regions will be provided in the final report.

                                  Rising demand for convenience food due to its ease of consumption coupled with the growing disposable income of consumers are likely to aid the market growth of the World Quick-Frozen Food Market report.

                                  Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be World Quick-Frozen Food Market report.

                                  Lack of cold chain infrastructure in developing economies is poised to create the hurdles for the World Quick-Frozen Food Market.

                                  Relevant Titles:

                                  A. Snack Pellets Market

                                  https://www.industryarc.com/Report/15140/snack-pellets-market.html

                                  B. Ready To Eat Snacks Market

                                  https://www.industryarc.com/Report/16647/ready-to-eat-snacks-market.html

                                  For more Food and Beverage Market related reports, please click here

                                  About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



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