North America Frozen Waffle Market Forecast to 2030 - Regional Analysis - by Type (Flavored and Unflavored/Plain), Category (Gluten-free and Conventional), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)

BMIRE00025324 | Pages: 100 | Food and Beverages | Sep 2023 | Type: Regional | Status: Published

The North America frozen waffle market is expected to grow from US$ 1,353.87 million in 2023 to US$ 2,036.58 million by 2030. It is estimated to grow at a CAGR of 6.0% from 2023 to 2030. 

Surging Demand for Frozen and Convenience Food in North America Frozen Waffles Market

Over the past few years, the lifestyle of people globally evolved dramatically. Due to hectic work schedules, people are looking for products that save time and effort. Consumers prefer ready-to-eat, microwavable, and ready-to-prepare food products as they are highly suitable for on-the-go consumption and require minimal preparation time. These factors are significantly boosting the demand for convenience food among consumers. Moreover, the increasing women's population, high per capita income, and rising middle-class population are key factors driving the growth of convenience food consumption globally.

The number of single or two-person households is growing in various developed nations such as the US and Canada. According to The United States Census Bureau, there were 37.9 million single-person households in the US in 2022, accounting for 29% of all households. Due to the growing number of nuclear families, the demand for ready-to-eat, portion-controlled food increased. The market for frozen food products is also growing as they have extended shelf-life, are suitable for single-person consumption, and can be prepared quickly, 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 2022. Frozen breakfast products such as pancakes, waffles, and breakfast cereals are gaining massive traction among consumers owing to the convenience of these products related to preparation and consumption. Thus, the rising demand for convenience food and frozen food products is driving the growth of the North America frozen waffles market.

North America Frozen Waffle Market Overview

North America is one of the most significant regions for the frozen waffles market due to the populace's increasing adoption of snack products. The rising marketing campaigns are the key factor driving the market's expansion in the US. Manufacturers rely extensively on marketing strategies such as advertising and product promotions to increase sales. Manufacturers use electronic and print media to promote their brands and products. For example, in 2017, the Netflix series Stranger Things featured Kellogg Company's Eggo brand frozen waffles. This has resulted in a considerable increase in sales of frozen waffles for the company. An upsurge in demand among all age groups drives the market growth in this region. 

North America Frozen Waffle Market Revenue and Forecast to 2030 (US$ Million)

North America Frozen Waffle Market Revenue and Forecast to 2030 (US$ Million)

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North America Frozen Waffle Market Segmentation

The North America frozen waffle market is segmented into type, category, and distribution channel, and country.

Based on type, the North America frozen waffle market is segmented into flavored and unflavored/plain. The flavored segment held a larger share of the North America frozen waffle market in 2023.

Based on end category, the North America frozen waffle market is segmented into gluten free and conventional. The conventional segment held the largest share of the North America frozen waffle market in 2023.

Based on distribution channel, the North America frozen waffle market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment held the largest share of the North America frozen waffle market in 2023.

Based on country, the North America frozen waffle market is segmented into the US, Canada, and Mexico. The US dominated the share of the North America frozen waffle market in 2023.   

AVIETA S.A., B Boys LLC DBA Belgian Boys, Dely Wafels SRL, Julian's Recipe LLC, Kellogg's Company, Kodiak Cakes, LLC, Make Each Day Delicious LLC, Nature's Path Foods, and Van’s Foods are some of the leading companies operating in the North America frozen waffles market.    

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 Waffles Market Landscape

4.1         Market Overview

4.2         Porter's Five Forces Analysis

4.2.1        Bargaining Power of Suppliers

4.2.2        Bargaining Power of Buyers

4.2.3        The threat of New Entrants

4.2.4        Competitive Rivalry

4.2.5        Threat of Substitutes

4.3         Expert Opinion

4.4         Value Chain Analysis

4.4.1        Raw Material

4.4.2        Manufacturing/Processing

4.4.3        Packaging

5.           North America Frozen Waffles Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Surging Demand for Frozen and Convenience Food

5.1.2        Rising Trend of In-Home Consumption

5.2         Market Restraints

5.2.1        Growing Awareness and Preference for Healthy Food

5.3         Market Opportunities

5.3.1        Product Innovation

5.4         Future Trends

5.4.1        Rising Growth of E-commerce

5.5         Impact Analysis of Drivers and Restraints

6.           Frozen Waffles – North America Market Analysis

6.1         North America Frozen Waffles Market Overview

6.2         North America Frozen Waffles Market –Revenue and Forecast to 2030 (US$ Million)

7.           North America Frozen Waffles Market Analysis – By Type

7.1         Overview

7.2         North America Frozen Waffles Market, By Type (2022 and 2030)

7.3         Flavored

7.3.1        Overview

7.3.2        Flavored: North America Frozen Waffles Market – Revenue and Forecast to 2030 (US$ Million)

7.4         Unflavored/Plain

7.4.1        Overview

7.4.2        Unflavored/Plain: North America Frozen Waffles Market – Revenue and Forecast to 2030 (US$ Million)

8.           North America Frozen Waffles Market Analysis – By Category

8.1         Overview

8.2         North America Frozen Waffles Market, By Category (2022 and 2030)

8.3         Gluten-free

8.3.1        Overview

8.3.2        Gluten-free: North America Frozen Waffles Market – Revenue and Forecast to 2030 (US$ Million)

8.4         Conventional

8.4.1        Overview

8.4.2        Conventional: Frozen Waffles Market – Revenue and Forecast to 2030 (US$ Million)

9.           North America Frozen Waffles Market Analysis – By Distribution Channel

9.1         Overview

9.2         North America Frozen Waffles Market, By Distribution Channel (2022 and 2030)

9.3         Supermarkets and Hypermarkets

9.3.1        Overview

9.3.2        Supermarkets and Hypermarkets: North America Frozen Waffles Market– Revenue and Forecast to 2030 (US$ Million)

9.4         Convenience Stores

9.4.1        Overview

9.4.2        Convenience Stores: North America Frozen Waffles Market– Revenue and Forecast to 2030 (US$ Million)

9.5         Online Retail

9.5.1        Overview

9.5.2        Online Retail: Frozen Waffles Market– Revenue and Forecast to 2030 (US$ Million)

9.6         Others

9.6.1        Overview

9.6.2        Others: Frozen Waffles Market– Revenue and Forecast to 2030 (US$ Million)

10.        North America Frozen Waffles Market – Country Analysis

10.1      Overview

10.1.1     North America Frozen Waffles Market Breakdown by Key Countries

10.1.1.1       US: Frozen Waffles Market Revenue Forecasts to 2030 (US$ Million)

10.1.1.1.1       US: Frozen Waffles Market Breakdown by Type

10.1.1.1.2       US: Frozen Waffles Market Breakdown by Category

10.1.1.1.3       US: Frozen Waffles Market Breakdown by Distribution Channel

10.1.1.2       Canada: Frozen Waffles Market Revenue Forecasts to 2030 (US$ Million)

10.1.1.2.1       Canada: Frozen Waffles Market Breakdown by Type

10.1.1.2.2       Canada: Frozen Waffles Market Breakdown by Category

10.1.1.2.3       Canada: Frozen Waffles Market Breakdown by Distribution Channel

10.1.1.3       Mexico: Frozen Waffles Market Revenue Forecasts to 2030 (US$ Million)

10.1.1.3.1       Mexico: Frozen Waffles Market Breakdown by Type

10.1.1.3.2       Mexico: Frozen Waffles Market Breakdown by Category

10.1.1.3.3       Mexico: Frozen Waffles Market Breakdown by Distribution Channel

11.        Industry Landscape

11.1      Overview

11.2      New Product Development

11.3      Merger and Acquisition

12.        Company Profiles

12.1      DELY Wafels SRL

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Kodiak Cakes LLC

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Avieta SA

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Nature's Path Foods

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Julian's Recipe LLC

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Kellogg Co

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      B Boys Inc

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      Sara Lee Frozen Bakery LLC

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      Hometown Food Co

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

 

 

LIST OF TABLES

Table 1.             North America Frozen Waffles Market –Revenue and Forecast to 2030 (US$ Million)

Table 2.             US: Frozen Waffles Market, by Type – Revenue and Forecast to 2030 (US$ Million)

Table 3.             US: Frozen Waffles Market, by Category – Revenue and Forecast to 2030 (US$ Million)

Table 4.             US: Frozen Waffles Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)

Table 5.             Canada: Frozen Waffles Market, by Type – Revenue and Forecast to 2030 (US$ Million)

Table 6.             Canada: Frozen Waffles Market, by Category – Revenue and Forecast to 2030 (US$ Million)

Table 7.             Canada: Frozen Waffles Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)

Table 8.             Mexico: Frozen Waffles Market, by Type – Revenue and Forecast to 2030 (US$ Million)

Table 9.             Mexico: Frozen Waffles Market, by Category – Revenue and Forecast to 2030 (US$ Million)

Table 10.          Mexico: Frozen Waffles Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)

Table 11.          List of Abbreviation

 

 

LIST OF FIGURES

Figure 1.           North America Frozen Waffles Market Segmentation

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

Figure 3.           North America Frozen Waffles Market Overview

Figure 4.           North America Frozen Waffles Market: By Type

Figure 5.           North America Frozen Waffles Market: By Country

Figure 6.           Porter's Five Forces Analysis

Figure 7.           Expert Opinion

Figure 8.           Value Chain: Frozen Waffles

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

Figure 10.        North America Frozen Waffles Market – Revenue and Forecast to 2030 (US$ Million)

Figure 11.        North America Frozen Waffles Market Revenue Share, By Type (2022 and 2030)

Figure 12.        Flavored: North America Frozen Waffles Market – Revenue and Forecast To 2030 (US$ Million)

Figure 13.        Unflavored/Plain: North America Frozen Waffles Market – Revenue and Forecast To 2030 (US$ Million)

Figure 14.        North America Frozen Waffles Market Revenue Share, By Category (2022 and 2030)

Figure 15.        Gluten-free: North America Frozen Waffles Market – Revenue and Forecast To 2030 (US$ Million)

Figure 16.        Conventional: Frozen Waffles Market – Revenue and Forecast To 2030 (US$ Million)

Figure 17.        Frozen Waffles Market Revenue Share, By Distribution Channel (2022 and 2030)

Figure 18.        Supermarkets and Hypermarkets: North America Frozen Waffles Market– Revenue and Forecast To 2030 (US$ Million)

Figure 19.        Convenience Stores: North America Frozen Waffles Market– Revenue and Forecast To 2030 (US$ Million)

Figure 20.        Online Retail: Frozen Waffles Market– Revenue and Forecast To 2030 (US$ Million)

Figure 21.        Others: Frozen Waffles Market– Revenue and Forecast To 2030 (US$ Million)

Figure 22.        North America Frozen Waffles Market, by Key Country Revenue- (2022) (US$ Million)

Figure 23.        North America Frozen Waffles Market Breakdown by Key Countries, 2022 & 2030 (%)

Figure 24.        US: Frozen Waffles Market Forecasts to 2030 (US$ Million)

Figure 25.        Canada: Frozen Waffles Market Forecasts to 2030 (US$ Million)

Figure 26.           Mexico: Frozen Waffles Market Forecasts to 2030 (US$ Million)

  1. Avieta SA
  2. Dely Wafels SRL
  3. Kellogg Co
  4. Kodiak Cakes LLC
  5. B Boys Inc
  6. Nature's Path Foods
  7. Julian's Recipe LLC
  8. Sara Lee Frozen Bakery LLC
  9. Hometown Food Co
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America Frozen Waffles 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 North America Frozen Waffles 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 market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
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