North America Frozen Food Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Frozen Desserts; Frozen Bakery; Frozen Meat, Poultry, and Seafood; Frozen Ready Meals; Frozen Snacks and Appetizers; and Others) and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)

BMIRE00026287 | Pages: 136 | Food and Beverages | Sep 2022 | Type: Regional | Status: Published

The frozen food market in North America is expected to grow from US$ 73.45 billion in 2022 to US$ 101.54 billion by 2028; it is estimated to grow at a CAGR of 5.5% from 2022 to 2028.

 

The rising consumption of convenience food is a major factor driving the growth of the North America frozen food market. The lifestyles of people have evolved dramatically in the past few years. Due to hectic work schedules, people’s dependency on products saving time and effort has increased. A surge in the consumption of high-quality convenience food—including frozen snacks, frozen meals, cold cuts, and ready-to-eat products—is one of the biggest trends in the food industry. Convenience food allows consumers to save time and efforts associated with ingredient shopping, meal preparation and cooking, consumption, and post-meal cleaning and other activities. The development and popularity of these food items is also ascribed to the increasing number of smaller households and the rising millennial population across the world, among other social changes. Due to hectic work schedules, millennials tend to spend their money on convenience food. Moreover, according to data represented by the “International Labor Organization,” the female labor force across many countries has increased exponentially from 1990 to 2020, thereby adding to the popularity of convenience food, such as frozen food, among working-class populations. These factors are significantly boosting the frozen food market in North America.

 

The number of single or two-person households is growing in various developed countries, such as the US and Canada. According to the 2020 Current Population Survey, there were 36.1 billion single-person households in the US, accounting for 28% of all households. The growing number of one or two-person families can be related to the rising demand for ready-to-eat, convenience food. Frozen food products have extended shelf life and are available in sizes suitable for a single serve. Moreover, ready-to-cook frozen food can save time on food preparation. According to the “Power of Frozen” report published by the American Frozen Food Institute and Food Industry Association, frozen food sales in the US increased by 21% in 2020. Frozen breakfast products, including pancakes, waffles, and breakfast cereals, are also gaining huge traction among consumers.

 

North America Frozen Food Market Revenue and Forecast to 2028 (US$ Billion)

North America Frozen Food Market Revenue and Forecast to 2028 (US$ Billion)

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North America Frozen Food Market Segmentation

 

The North America frozen food market is segmented on the basis of type, distribution channel, and country. Based on type, the market is segmented into frozen desserts; frozen bakery; frozen meat, poultry, and seafood; frozen ready meals; frozen snacks and appetizers; and others. The meat, poultry, and seafood segment is expected to hold the largest market share during the forecast period. Based on distribution, the North America frozen food market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The online retail segment is projected to register the highest CAGR in the market due convenience associated with online buying and product delivery options. Based on country, the North America frozen food market is segmented into the US, Canada, and Mexico. The US held the largest market share in 2022.

 

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; and Tyson Foods, Inc. are among the leading companies in the frozen food market in North America.

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.        Research Methodology

3.1         Scope of the Study

3.2         Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis Formulation:

3.2.4        Macro-economic Factor Analysis:

3.2.5        Developing Base Number:

3.2.6        Data Triangulation:

3.2.7        Country Level Data:

4.           North America Frozen Food Market Landscape

4.1         Market Overview

4.2.1        Bargaining Power of Suppliers

4.2.2        Bargaining Power of Buyers

4.2.3        Threat of New Entrants

4.2.4        Competitive Rivalry

4.2.5        Threat of Substitutes

4.3         Expert Opinion

4.4         Ecosystem Analysis

5.           North America Frozen Food Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Rising Consumption of Convenience Food

5.1.2        Rising Popularity of E-Commerce

5.2         Market Restraints

5.2.1        Lack of Cold Chain Infrastructure

5.3         Market Opportunities

5.3.1        Strategic Development Initiatives by Manufacturers

5.4         Future Trends

5.4.1        Growing Popularity of Plant-Based Frozen Products

5.5         Impact Analysis of Drivers and Restraints

6.           Frozen Food Market – North America Analysis

6.1         North America Frozen Food Market Overview

6.2         North America Frozen Food Market –Revenue and Forecast to 2028 (US$ Million)

7.           North America Frozen Food Market Analysis – By Type

7.1         Overview

7.2         North America Frozen Food Market, By Type (2021 and 2028)

7.3         Frozen Desserts

7.3.1        Overview

7.3.2        Frozen Desserts: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)

7.4         Frozen Meat, Poultry, and Seafood

7.4.1        Overview

7.4.2        Frozen Meat, Poultry, and Seafood: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)

7.5         Frozen Bakery

7.5.1        Overview

7.5.2        Frozen Bakery: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)

7.6         Frozen Snacks & Appetizers

7.6.1        Overview

7.6.2        Frozen Snacks & Appetizers: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)

7.7         Frozen Ready Meals

7.7.1        Overview

7.7.2        Frozen Ready Meals: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)

7.8         Others

7.8.1        Overview

7.8.2        Others: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)

8.           North America Frozen Food Market Analysis – By Distribution Channel

8.1         Overview

8.2         North America Frozen Food Market, By Distribution Channel (2021 and 2028)

8.3         Supermarkets & Hypermarkets

8.3.1        Overview

8.3.2        Supermarkets & Hypermarkets: Frozen Food Market– Revenue and Forecast to 2028 (US$ Million)

8.4         Convenience Stores

8.4.1        Overview

8.4.2        Convenience Stores: Frozen Food Market– Revenue and Forecast to 2028 (US$ Million)

8.5         Online Retail

8.5.1        Overview

8.5.2        Online Retail: Frozen Food Market– Revenue and Forecast to 2028 (US$ Million)

8.6         Others

8.6.1        Overview

8.6.2        Others: Frozen Food Market– Revenue and Forecast to 2028 (US$ Million)

9.           North America Frozen Food Market – Country Analysis

9.1         Overview

9.1.1        North America: Frozen Food Market, by Key Country

9.1.1.1          US: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1          US: Frozen Food Market, By Type

9.1.1.1.2          US: Frozen Food Market, by Distribution Channel

9.1.1.2          Canada: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1          Canada: Frozen Food Market, By Type

9.1.1.2.2          Canada: Frozen Food Market, by Distribution Channel

9.1.1.3          Mexico: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1          Mexico: Frozen Food Market, By Type

9.1.1.3.2          Mexico: Frozen Food Market, by Distribution Channel

10.        Industry Landscape

10.1      Overview

10.2      Business Planning and Strategy

10.3      Expansion & Collaboration

10.4      Product News

11.        Company Profiles

11.1      Conagra Brands, Inc.

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Services

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.1.6     Key Developments

11.2      General Mills Inc.

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.2.6     Key Developments

11.3      Pepperidge Farm Incorporated

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.3.6     Key Developments

11.4      Bonduelle Group

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.4.6     Key Developments

11.5      Mccain

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.5.6     Key Developments

11.6      Bellisio Foods, Inc.

11.6.1     Key Facts

11.6.2     Business Description

11.6.3     Products and Services

11.6.4     Financial Overview

11.6.5     SWOT Analysis

11.6.6     Key Developments

11.7      Tyson Foods, Inc.

11.7.1     Key Facts

11.7.2     Business Description

11.7.3     Products and Services

11.7.4     Financial Overview

11.7.5     SWOT Analysis

11.7.6     Key Developments

11.8      Kellogg's Company

11.8.1     Key Facts

11.8.2     Business Description

11.8.3     Products and Services

11.8.4     Financial Overview

11.8.5     SWOT Analysis

11.8.6     Key Developments

11.9      Nestlé S.A.

11.9.1     Key Facts

11.9.2     Business Description

11.9.3     Products and Services

11.9.4     Financial Overview

11.9.5     SWOT Analysis

11.9.6     Key Developments

11.10   The Kraft Heinz Company

11.10.1  Key Facts

11.10.2  Business Description

11.10.3  Products and Services

11.10.4  Financial Overview

11.10.5  SWOT Analysis

11.10.6  Key Developments

12.        Appendix

12.1      About The Insight Partners

12.2      Word Index

 

 

LIST OF TABLES

Table 1.             North America Frozen Food Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.             North America Frozen Food Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 3.             North America Frozen Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 4.             US Frozen Food Market, Type – Revenue and Forecast to 2028 (US$ Million)

Table 5.             US Frozen Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Canada Frozen Food Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Canada Frozen Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Mexico Frozen Food Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Mexico Frozen Food Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 10.          List of Abbreviation

 

 

LIST OF FIGURES

Figure 1.           North America Frozen Food Market Segmentation

Figure 2.           North America Frozen Food Market Segmentation – By Country

Figure 3.           North America Frozen Food Market Overview

Figure 4.           North America Frozen Food Market: By Distribution Channel

Figure 5.           North America Frozen Food Market: By Country

Figure 6.           Porter's Five Forces Analysis

Figure 7.           Expert Opinion

Figure 8.           Ecosystem: Frozen Food Market

Figure 9.           North America Frozen Food Market: Impact Analysis of Drivers and Restraints

Figure 10.        North America: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11.        North America Frozen Food Market Revenue Share, By Type (2021 and 2028)

Figure 12.        North America Frozen Desserts: Frozen Food Market – Revenue and Forecast To 2028 (US$ Million)

Figure 13.        North America Frozen Meat, Poultry, and Seafood: Frozen Food Market – Revenue and Forecast To 2028 (US$ Million)

Figure 14.        North America Frozen Bakery: Frozen Food Market – Revenue and Forecast To 2028 (US$ Million)

Figure 15.        North America Frozen Snacks & Appetizers: Frozen Food Market – Revenue and Forecast To 2028 (US$ Million)

Figure 16.        North America Frozen Ready Meals: Frozen Food Market – Revenue and Forecast To 2028 (US$ Million)

Figure 17.        North America Others: Frozen Food Market – Revenue and Forecast To 2028 (US$ Million)

Figure 18.        North America Frozen Food Market Revenue Share, By Distribution Channel (2021 and 2028)

Figure 19.        North America Supermarkets & Hypermarkets: Frozen Food Market– Revenue and Forecast To 2028 (US$ Million)

Figure 20.        North America Convenience Stores: Frozen Food Market– Revenue and Forecast To 2028 (US$ Million)

Figure 21.        North America Online Retail: Frozen Food Market– Revenue and Forecast To 2028 (US$ Million)

Figure 22.        North America Others: Frozen Food Market– Revenue and Forecast To 2028 (US$ Million)

Figure 23.        North America: Frozen Food Market, by Key Country – Revenue (2021) (US$ Million)

Figure 24.        North America: Frozen Food Market Revenue Share, by Key Country (2021 and 2028)

Figure 25.        US: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Canada: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Mexico: Frozen Food Market – Revenue and Forecast to 2028 (US$ Million)

  1. Bellisio Foods, Inc.
  2. Bonduelle Group
  3. Conagra Brands, Inc.
  4. General Mills
  5. Kellogg’s Company
  6. McCain Foods Limited
  7. Nestle S.A.
  8. Pepperidge Farm Incorporated
  9. The Kraft Heinz Company
  10. Tyson Foods, Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America frozen food market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America frozen food market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the frozen food market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

 

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