Cambodia Frozen Food Market Viewpoint by Applications, Regions and Product Types, Forecast to 2024 – Livonia Post

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Cambodia

Unusual growth strategies adopted by various companies are creating new standards for competition in the global Cambodia Frozen Food market. Businesses around the world are aiming at increasing their profit margin and establishing a stronghold in the global market. Industry Research offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Cambodia Frozen Food market is based on company profiles and their efforts on increasing product value and production.

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Scope of the Report:

  • The scope of the market studied includes frozen foods such as meat and sea food, dessert, fruit and vegetable and ready meal. Frozen desserts include mousse, ice-creams, frozen cakes, frozen yogurt, sherbet, and frozen novelties. Frozen desserts are offered in the wide variety of shape, size, colors, and packaging by the manufacturers. Products, such as ice-creams and frozen yogurts, are highly demanded frozen desserts. By distribution channel, it is segmented as hypermarket/supermarket, traditional grocery store, online channel and others.

    Major Key Players:

  • Dirafrost
  • Les Vergers Boiron
  • AJINOMOTO CO.,INC.
  • LSH Cambodia
  • Karem Ice Cream

    Market Overview:

  • The Cambodia frozen food market is forecasted to reach USD 119.56 million by 2024 growing at a CAGR of 3.9% during the forecast period (2019 – 2024). High influence of Western food and increasing tourism are the prime factors for the growth of the market studied. Recently, the Cambodian population have adopted the trend of mini-meals, which has, since long, been a part of the western culture. Increasing expat population and tourists are the target consumers for frozen food in the country. Southeast Asian countries by large, are tailed by concerns related to food safety. Frozen foods are deemed to be safe and as a result of which the demand for it in Cambodia has risen.

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    Key Market Trends:

    Influence of Westernization on Diet and Healthy Tourism

    A shift from the Southeast Asian cultural tradition of eating many times a day (four or five times a day, but in relatively small quantities) to the norm of most developed countries of three meals a day is being widely noticed. The trend also includes increased purchase of ready-to-eat, cooked foods, and the consumption of frozen food products. Fast adoption of western diet trends have led to a hike in the retail sales in packaged food industry, especially frozen and chilled food. Consumers in Cambodia displayed higher demand for frozen desserts, frozen potatoes, and frozen ready meals. Some importers in Cambodia specialize in servicing the hotel restaurant and institution (HRI) trade and have the appropriate frozen and chilled storage and distribution infrastructure. Most of the modern food retailers, such as DFI Lucky and Thai Huot, also service the HRI trade through their retail stores or wholesale operations.

    Frozen Seafood Occupying the Major Share

    Frozen seafood occupies the major share in the frozen food product category in the Cambodia market. Frozen seafood manufacturers find it difficult to compete on the prices with the traders in the native market. The Institute of Standards of Cambodia (ISC) and the United Nations Industrial Development Organization (UNIDO) teamed up in 2016 to increase the export of four seafood products adhering to the international standards. Fish sauce, frozen shrimp, dried shrimp, and crab meat form the major exports of the seafood in the country. Due to the hectic lifestyles, changing taste and preferences of the consumers’ frozen foods are gaining popularity in the country, owing to the increased shelf life of these products.

    Competitive Landscape:

    Most of the companies present in the market are efficient at the technological front, but require significant support for enhancing their services and expanding their businesses. Thus, mergers and acquisitions offer significant opportunities to gain the attention of a large number of providers across developed regions.

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    Cambodia Frozen Food Market Covers Following Points in TOC:

    Chapter 1: Cambodia Frozen Food Market Definition

    Chapter 2: Research Methodology of Cambodia Frozen Food Market

    Chapter 3: Cambodia Frozen Food Market Executive Summary

    Chapter 4: Cambodia Frozen Food Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services

    Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges

    Chapter 6: Cambodia Frozen Food Market Segmentation by Types, End-User, and Applications Forecast to 2024

    Chapter 7: Cambodia Frozen Food Market Segmentation by Geographical Regions

    Chapter 8: Competitive Landscape of Cambodia Frozen Food Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches

    Chapter 9: Key Players for Cambodia Frozen Food Market

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