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North America Frozen Food Market Segmentation by Product (Frozen Ready Meals, Meat & Poultry, Seafood, Vegetables & Fruits, Potatoes, and Soup), by User (Retail and Foodservice Industry) and By Country (US, Canada and Rest of North America) - Growth, Size, Share, Trends, and Forecasts (2022 to 2027)

Published: January, 2022
ID: 813
Pages: 137
Formats: report pdf report excel report power bi report ppt

North America Frozen Food Market Growth and Forecast (2022 - 2027):

North America Frozen Food Market is anticipated to enlist a CAGR of 4.14% during the estimated time frame.

Market Overview:

The development of the North America Frozen Food Market is driven by the rising interest of the advantageous and prepared to eat items, attributable to the bustling ways of life and changing food dietary patterns of the people in North American.

North America Frozen Food Market Trends:

Developing Demand for Convenience Food

The American customers favor more comfort and fast foods, and the pattern is slanted towards littler and progressively visited dinners. Frozen foods are currently in plain view in the primary column in the American general stores and hypermarkets. The quickest developing fragments in the frozen food market are frozen vegetables and prepared suppers. The North American market for frozen foods is mostly determined by the rising interest for frozen pizza and handheld breakfast, which are situated as minimal effort items and flourish with quality and newness. Furthermore, the pattern of feasting out at eateries and other food outlets is additionally driving the market.

Recent Developments in North America Frozen Food Industry:

  • Meredith Corporation consented to association arrangement with Bellis Foods in 2016 to grow its offer.
  • In 2018, subsequent to perceiving the thousand years' inclination for frozen food inclinations and losing contenders, such as Lean Meals, Nestlé expanded production at the industrial facility and presented various things in a line, for example, frozen coconut chickpea curry and veggie lover pizza from a Vegetarian lover.
  • Nestlé S.A. has built up a solid bowl-style frozen dinner in light of the necessities of twenty to thirty-year-olds.

Drivers:

The development of the North American frozen food market is driven by the augmenting interest for advantageous and prepared-to-eat items because of the bustling ways of life and changing dietary patterns of Americans. The advancement of creative items, for example, low fat, low fat, grains, whole wheat and artificial additives, is relied upon to invigorate the frozen food industry. Interest for comfort food is one of the primary drivers of the frozen food market in North America. This is on the grounds that these foods decrease the endeavors and time of cooking, readiness and cleaning of the customer.

The interest for ready-to-pack and simple to cook items will increase during the estimated time frame, fortifying the North American frozen food market. The advancement of inventive items, for example, low fat, grains, entire wheat and fake additives, is relied upon to invigorate the whole business. Infiltration into the holder and premium segments of frozen foods can be an immense open door for the local frozen food market.

The North American market for frozen prepared foods is, for the most part, developing interest for frozen pizzas and convenient breakfast, which are situated as ease items and flourish in quality and newness. Eating patterns in cafés and other food stores is likewise driving the market blast.

Restraints:

One of the key difficulties in the North America frozen food market is the dread that there is no satisfactory supply chain system and that the refrigeration framework is conflicting. Frozen foods should set the ideal temperature around -18°C, so even a slight breakdown cold chain system can prompt huge waste. To guarantee an unimportant loss of frozen foods, vitality reinforcement with full usefulness and predictable cutoff points is required, which is a noteworthy test in the present-day framework.

North America Frozen Food Market Segmentation Analysis:

The North American frozen foods market is categorized on the verge of product type, user, and geography.

By products, the market covers frozen ready meals, meat & poultry, seafood, vegetables & fruits, potatoes, and soup. Amongst these, the frozen ready meals are anticipated to be the prominent segment over the outlook period. Prepared to-eat foods can be considered as those that can be eaten on the go. Also, convenience and prepared foods are considered to record the notable portion in the North America frozen food market in the future. This is credited to the rising consumer awareness toward comfort foods, supported by the mounting urge for frozen products.

Based on the user type, the regional market is divided as retail users and foodservice industry. Of these, the foodservice industry is predicted to garner a significant share in the regional frozen food market, continuing its lead from previous years.

Regional Analysis:

Geographically the North America Frozen Food Market is segmented into US, Canada and Rest of North America. North America was the biggest market in 2018, speaking to 38% of the all-out income share. It is probably going to increment by a yearly normal of 3.9% during the estimated time frame. The food business in North America is profoundly divided and overwhelmed by small and medium undertakings (SMEs). Prepared dinners are the principal food division of the market because of the adjustment in the buyer's way of life. The Food Safety Authority of North America is actualizing new guidelines on added substances and seasoning utilized, substances in contact with food and contaminants. This factor is additionally expected to expand the interest for frozen foods business in this area.

Key Players in the Market:

Major Key Players in the North America Frozen Food Market are

  • Aryzta AG
  • General Mills Inc.
  • Kraft Foods Group Inc.
  • Ajinomoto Co. Inc.
  • Cargill Incorporated
  • Europastry S.A.
  • JBS S.A.
  • Kellogg’s Company
  • Nestle S.A.
  • Flower Foods

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