Frozen Food Market
The North America frozen food market is projected to grow from US$ 73.45 billion in 2022 to US$ 101.54 billion by 2028, at a compound annual growth rate (CAGR) of 5.5% during the forecast period.
📚Download Full PDF Sample Copy of Market Report @
https://wwcw.businessmarketinsights.com/sample/BMIRE00026287
A major driver of this growth is the increasing consumption of convenience food. In recent years, lifestyle changes—particularly busier schedules—have led consumers to seek time-saving and effortless meal solutions. As a result, demand for high-quality convenience products such as frozen snacks, frozen meals, cold cuts, and ready-to-eat items has surged. These products help consumers reduce the time required for grocery shopping, meal preparation, cooking, and cleaning.
Social changes are also contributing to the rise of frozen food consumption. The growing number of small households and a rising millennial population have notably impacted buying behavior. Millennials, often juggling demanding work lives, are more likely to invest in convenient food options. Furthermore, data from the International Labor Organization shows a significant increase in the female labor force from 1990 to 2020, further supporting the popularity of convenient, ready-made meal solutions among working individuals.
In developed countries such as the US and Canada, the number of one- and two-person households continues to rise. According to the 2020 Current Population Survey, there were 36.1 million single-person households in the US, representing 28% of all households. This demographic shift fuels the demand for ready-to-eat and ready-to-cook frozen foods, which are available in single-serve portions and offer extended shelf life.
Additionally, consumer interest in frozen breakfast items—such as pancakes, waffles, and breakfast cereals—has grown substantially. According to the “Power of Frozen” report by the American Frozen Food Institute and the Food Industry Association, frozen food sales in the US rose by 21% in 2020. These trends underscore the growing reliance on frozen food as a convenient, efficient solution for modern living.
North America Frozen Food Market – Strategic Insights
Strategic insights into the North America frozen food market offer a data-driven analysis of the industry landscape, highlighting current trends, key players, and regional dynamics. These insights provide actionable guidance for stakeholders—whether investors, manufacturers, or retailers—enabling them to identify untapped market segments and craft unique value propositions that set them apart from competitors.
By leveraging advanced data analytics, businesses can anticipate market shifts and evolving consumer preferences. A forward-looking approach is essential for long-term success, allowing companies to adapt to changes proactively and optimize their strategies accordingly.
Ultimately, well-informed strategic insights empower decision-makers to enhance profitability, improve market positioning, and achieve sustainable growth in this dynamic and competitive industry.
Market leaders and key company profiles
Bellisio Foods, Inc.
Bonduelle Group
Conagra Brands, Inc.
General Mills
Kellogg’s Company
McCain Foods Limited
Nestle S.A.
Pepperidge Farm Incorporated
The Kraft Heinz Company
Tyson Foods, Inc.
North America Frozen Food Regional Insights
The geographic scope of the North America Frozen Food refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
North America Frozen Food Market Segmentation
The North America frozen food market is categorized by type, distribution channel, and country.
- By Type:
The market is segmented into frozen desserts, frozen bakery products, frozen meat, poultry, and seafood, frozen ready meals, frozen snacks and appetizers, and other frozen items. Among these, the frozen meat, poultry, and seafood segment is anticipated to dominate the market share throughout the forecast period. - By Distribution Channel:
The market includes supermarkets and hypermarkets, convenience stores, online retail, and other distribution channels. The online retail segment is expected to register the fastest CAGR, driven by the convenience of online shopping and efficient delivery options. - By Country:
The regional market is segmented into the US, Canada, and Mexico. The US accounted for the largest share of the North America frozen food market in 2022.
Key Players:
Prominent companies operating in the North America frozen food market include Bellisio Foods, Inc., Bonduelle Group, Conagra Brands, Inc., General Mills, Kellogg’s Company, McCain Foods Limited, Nestlé S.A., Pepperidge Farm Incorporated, The Kraft Heinz Company, and Tyson Foods, Inc.
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Défense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications
Author's Bio
Akshay
Senior Market Research Expert at Business Market Insights
Comments
0 comment