PUBLISHER: Grand View Research | PRODUCT CODE: 1076599
PUBLISHER: Grand View Research | PRODUCT CODE: 1076599
U.S. Frozen Food Market Size, Share & Trends Analysis Report By Product (Frozen Fruits & Vegetables, Frozen Snacks), By Distribution Channel (Offline, Online), And Segment Forecasts, 2022 - 2030
U.S. Frozen Food Market Growth & Trends:
The U.S. frozen food market is expected to reach USD 84.58 billion by 2030, registering a CAGR of 4.7% during the forecast period 2022 to 2030 according to a new report by Grand View Research, Inc. Growth in the number of the millennial opting for the convenience foods is giving rise to the acceptance of frozen food in the U.S. These foods do not require any preservatives as microorganism do not grow when the temperature is low. Hence, making it a good option for the eatable between consumers.
Major food manufacturers have been ramping up their production capacity due to increased demand for frozen foods among consumers owing to safety and hygiene concerns. These products are packed well in containers, boxes, and bags hence making them a safe option for consumption. According to an article published in Food Dive, April 2020, four categories of frozen food section witnessed unprecedented growth including frozen meat (101%), frozen snacks (82.3%), and frozen beverages (94.6%) due to their convenience to cook as most of the restaurants were shut down during the pandemic due to safety protocols in the country.
Ready meals held the largest segment in 2021 and are expected to maintain dominance during the forecast period. The frozen ready meal is often consumed with little or no further processing except reheating, hence convenient to cook. Furthermore, these products are also high in nutritional value and flavor, since crops are harvested at the height of freshness and frozen quickly to seal in nutrients and taste. According to Food Dive April 2020, 7 out of 10 consumers in the country are buying more frozen ready-made food including meal bowls, and pizza.
The offline segment contributed a majority of the share to become a larger division in the global revenue in 2021. Many offline stores including convenience stores and supermarkets have freezing and temperature-controlled facilities, which is driving the growth of offline distribution channels. Additionally, the increasing penetration of independent retail giants such as Wal-Mart, and Costco among others, is boosting product visibility and attracting a larger consumer base. For instance, Banquet, a frozen food brand is all seasons available at Wal-Mart in the U.S. The U.S. frozen food market is highly fragmented with the presence of a large number of regional and local players.
U.S. Frozen Food Market Report Highlights:
- Frozen baked products are projected to register the fastest growth due to their high nutritional value, all-season availability, and competitive pricing. These are the factors credited for this growth
- Online channel is anticipated to register the fastest growth during the forecast years owing to promising growth exhibited by e-commerce platforms, including Amazon, Wal-Mart, and other such service providers
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation& Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Product Outlook
- 2.3. Distribution Channel Outlook
Chapter 3. U.S. Frozen Food Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Impact of COVID-19 on the U.S. Frozen Food Market
- 3.4. Industry Value Chain Analysis
- 3.4.1. Sales/Retail Channel Analysis
- 3.4.2. Profit Margin Analysis
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.5.4. Industry Opportunities
- 3.6. Business Environment Analysis
- 3.6.1. Industry Analysis - Porter's Five Forces Analysis
- 3.6.1.1. Supplier Power
- 3.6.1.2. Buyer Power
- 3.6.1.3. Substitution Threat
- 3.6.1.4. Threat from New Entrant
- 3.6.1.5. Competitive Rivalry
- 3.6.1. Industry Analysis - Porter's Five Forces Analysis
- 3.7. Roadmap of U.S. Frozen Food Market
- 3.8. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Product Adoption
- 4.5. Observations & Recommendations
Chapter 5. U.S. Frozen Food Market: Product Estimates & Trend Analysis
- 5.1. Product Movement Analysis & Market Share, 2021 & 2030
- 5.2. Frozen Fruits & Vegetables
- 5.2.1. Market estimates and forecast for frozen fruit & vegetables 2017 - 2030 (USD Million)
- 5.3. Frozen Snacks
- 5.3.1. Market estimates and forecast for frozen snacks2017 - 2030 (USD Million)
- 5.4. Frozen Baked Products
- 5.4.1. Market estimates and forecast for frozen baked products 2017 - 2030 (USD Million)
- 5.5. Meat & Seafood Products
- 5.5.1. Market estimates and forecast for meat & seafood products 2017 - 2030 (USD Million)
- 5.6. Ready Meals
- 5.6.1. Market estimates and forecast for ready meals 2017 - 2030 (USD Million)
- 5.7. Others
- 5.7.1. Market estimates and forecast for others 2017 - 2030 (USD Million)
Chapter 6. U.S. Frozen Food Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Distribution Channel Movement Analysis & Market Share, 2021 & 2030
- 6.2. Offline
- 6.2.1. Market estimates and forecast through offline, 2017 - 2030 (USD Million)
- 6.3. Online
- 6.3.1. Market estimates and forecast through online, 2017 - 2030 (USD Million)
Chapter 7. Competitive Analysis
- 7.1. Key regional players, recent developments & their impact on the industry
- 7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
- 7.3. Vendor Landscape
- 7.3.1. Key company market share analysis, 2021
Chapter 8. Company Profiles
- 8.1. Cargill, Incorporated
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.1.4. Strategic Initiatives
- 8.2. Nestle S.A.
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.2.4. Strategic Initiatives
- 8.3. Kraft Heinz Company
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.3.4. Strategic Initiatives
- 8.4. General Mills, Inc.
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.4.4. Strategic Initiatives
- 8.5. ConAgra Foods, Inc.
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Strategic Initiatives
- 8.6. Ajinomoto Co., Inc
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.6.4. Strategic Initiatives
- 8.7. McCain Foods
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.7.4. Strategic Initiatives
- 8.8. Nomad Foods Ltd
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.8.4. Strategic Initiatives
- 8.9. Bellisio Foods
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.9.4. Strategic Initiatives
- 8.10. Wawona Frozen Foods
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking
- 8.10.4. Strategic Initiatives
List of Tables
- 1. U.S. frozen food market - Key market driver analysis
- 2. U.S. frozen food market - Key market restraint analysis
- 3. U.S. frozen foods & vegetables market estimates and forecast, 2017 - 2030 (USD Million)
- 4. U.S. frozen snacks market estimates and forecast, 2017 - 2030 (USD Million)
- 5. U.S. frozen baked products market estimates and forecast, 2017 - 2030 (USD Million)
- 6. U.S. meat & seafood products market estimates and forecast, 2017 - 2030 (USD Million)
- 7. U.S. ready meals market estimates and forecast, 2017 - 2030 (USD Million)
- 8. U.S. others frozen food market estimates and forecast, 2017 - 2030 (USD Million)
- 9. U.S. frozen food market estimates and forecast through offline, 2017 - 2030 (USD Million)
- 10. U.S. frozen food market estimates and forecast through online, 2017 - 2030 (USD Million)
- 11. Company categorization
List of Figures
- 1. U.S. frozen food market segmentation
- 2. Information procurement
- 3. Primary research pattern
- 4. Primary research approaches
- 5. Primary research process
- 6. U.S. frozen food market - Penetration & growth prospect mapping
- 7. U.S. frozen food market - Value chain analysis
- 8. U.S. frozen food market: Porter's Five Forces Analysis
- 9. U.S. frozen food market: Roadmap
- 10. Factors affecting the buying decision for U.S. frozen foods market
- 11. U.S. frozen food market: Product (%) analysis, 2021 & 2030
- 12. U.S. frozen food market: Distribution channel share (%) analysis, 2021 & 2030
- 13. Key U.S. frozen food company market share analysis, 2021
