North America Frozen Food Market Size & Outlook, 2023-2030
North America frozen food market, 2018-2030 (US$M)
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North America frozen food market highlights
- The North America frozen food market generated a revenue of USD 179,974.9 million in 2023.
- The market is expected to grow at a CAGR of 5.6% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 179,974.9 million |
| Market revenue in 2030 | USD 262,928.3 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Frozen desserts |
| Fastest growing segment | Fruits & Vegetables |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 37.7% of the global frozen food market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 189,245.3 million by 2030.
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Frozen Food Market Scope
Frozen Food Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 23.1% in 2023. Horizon Databook has segmented the North America 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.
Frozen food offers a variety of options that can be easily prepared, saving both time and effort. The frozen food industry has seen a significant surge in sales in recent years across the North American region. According to the statistics published by the American Frozen Food Institute (AFFI), in 2022, frozen food sales increased by a significant 8.6% compared to the previous year in the U.S.
This trend is especially evident in the sales of frozen processed meat, snacks, and seafood, which have all experienced double-digit growth compared to 2019. Moreover, the shift in consumer behavior, combined with the expanded frozen produce offerings from manufacturers, has contributed to a significant boost in the purchase and consumption of frozen fruits and vegetables.
The convenience and versatility of these frozen plant-based products make them an appealing choice for health-conscious consumers looking to optimize their eating habits. In November 2022, the AFFI conducted a survey in collaboration with 210 Analytics to gain insight into the perceptions, shopping habits, and usage of frozen fruits and vegetables among a diverse range of households in the U.S.
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Target buyers of North America 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 continent-level data and insights on the North America frozen food market , including forecasts for subscribers. This continent databook contains high-level insights into North America frozen food market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America frozen food market size, by country, 2018-2030 (US$M)
North America Frozen Food Market Outlook Share, 2023 & 2030 (US$M)
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