Canada Frozen Food Market Size & Outlook, 2023-2030
Canada frozen food market, 2018-2030 (US$M)
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Canada frozen food market highlights
- The Canada frozen food market generated a revenue of USD 8,487.7 million in 2023 and is expected to reach USD 14,080.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, frozen desserts was the largest revenue generating product in 2023.
- Fruits & Vegetables is the most lucrative product segment registering the fastest growth during the forecast period.
Frozen food market data book summary
| Market revenue in 2023 | USD 8,487.7 million |
| Market revenue in 2030 | USD 14,080.0 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Frozen desserts |
| Fastest growing segment | Fruits & Vegetables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fruits & Vegetables, Potatoes, Ready Meals, Meat, Fish/Seafood, Frozen Desserts, Bakery Products |
| Key market players worldwide | Nestle SA, Unilever PLC ADR, General Mills Inc, Nomad Foods Ltd, Tyson Foods Inc Class A, Conagra Brands Inc, Wawona Frozen Foods, Bellisio Foods, Kellogg's, Kraft Foods Group |
Other key industry trends
- In terms of revenue, Canada accounted for 1.8% of the global frozen food market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. frozen food market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 14,080.0 million by 2030.
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Frozen Food Market Scope
Frozen Food Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada frozen food market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to frozen food market will help companies and investors design strategic landscapes.
Frozen desserts was the largest segment with a revenue share of 22.05% in 2023. Horizon Databook has segmented the Canada frozen food market based on fruits & vegetables, potatoes, ready meals, meat, fish/seafood, frozen desserts, bakery products covering the revenue growth of each sub-segment from 2018 to 2030.
The food industry in Canada has been experiencing significant growth in recent years, with an increasing demand for convenience and variety in food options. As a result, companies operating in this market have been actively seeking ways to accelerate their growth and tap into the growing consumer base.
To achieve this, many companies have been implementing strategic initiatives such as acquisitions and expansions, with a particular focus on enhancing the availability of frozen food products to Canadian consumers. These players strategically focus on diversifying their business and responding to evolving consumer preferences for convenient, high-quality food choices.
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Target buyers of Canada frozen food market databook
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Our clientele includes a mix of frozen food market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada frozen food market , including forecasts for subscribers. This country databook contains high-level insights into Canada frozen food market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada frozen food market size, by product, 2018-2030 (US$M)
Canada Frozen Food Market Outlook Share, 2023 & 2030 (US$M)
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