At 5.5% CAGR, the North America Frozen Food Market is projected to be worth US$ 1,01.54 Billion by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America frozen food market was valued at US$ 73.43 billion in 2022 and is expected to reach US$ 101.54 billion by 2028, registering an annual growth rate of 5.5% from 2022 to 2028. Rising consumption of convenience food and rising popularity of E-commerce are the critical factors attributed to the market expansion.
𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗣𝗗𝗙 𝗚𝘂𝗶𝗱𝗲@https://www.businessmarketinsights.com/sample/BMIRE00026287
In recent years, there has been a massive transformation in the organized retail sector. The emergence of e-commerce has resulted in considerable changes in the way people shop and spend their money. The increasing penetration of smartphones and the internet, easy access to emerging technologies, rising purchasing power, and convenience provided by online retail platforms of shopping from anywhere at any time are among the key factors bolstering e-commerce.
People are increasingly preferring online retail platforms for purchasing frozen foods. According to American Frozen Food Institute, online sales of frozen food products increased by 75% in 2020. The online sales of food and beverages rose significantly during the pandemic due to the shutdown of brick-and-mortar stores and the imposition of social restrictions by governments. As people’s movement was constrained by lockdowns and they were compelled to work from their homes, there was a substantial shift to online shopping. Moreover, heavy discounts, wide availability of different brands under one roof, and home delivery options have been other notable factors driving consumers’ focus toward online shopping. With the rising penetration of e-commerce across different geographies, the manufacturers of frozen foods such as Kellogg’s Company, Conagra Brandsare also enlarging their online presence by selling their products through well-known e-commerce platforms such as Amazon.com, Lidl, and Walmart. This factor contributes to the growth of the frozen food market by eliminating the dependency on offline retail stores.
North America Frozen Food Strategic Insights
Strategic insights for the North America Frozen Food provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Frozen Food Report Scope
| Attribute | Details |
| Market Size (2022) | US$ 73.45 Billion |
| Market Size (2028) | US$ 101.54 Billion |
| CAGR (2022–2028) | 5.5% |
| Historical Data | 2020–2021 |
| Forecast Period | 2023–2028 |
| Segments (By Type) | Frozen Desserts, Bakery, Meat, Poultry, Seafood, Ready Meals, Snacks |
| Segments (By Channel) | Supermarkets/Hypermarkets, Convenience Stores, Online Retail |
| Regions Covered | North America (US, Canada, Mexico) |
| Key Companies | Nestlé, Conagra, Tyson Foods, General Mills, McCain, Kellogg’s, and others |
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 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.
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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
