U.S. Frozen Food Market Size & Outlook, 2023-2030
U.S. frozen food market, 2018-2030 (US$M)
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U.S. frozen food market highlights
- The U.S. frozen food market generated a revenue of USD 160,173.2 million in 2023 and is expected to reach USD 233,570.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.5% 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 160,173.2 million |
| Market revenue in 2030 | USD 233,570.0 million |
| Growth rate | 5.5% (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, U.S. accounted for 33.6% 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 |
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U.S. 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 23.22% in 2023. Horizon Databook has segmented the U.S. 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.
American consumers are increasingly seeking out convenient, ready-to-prepare, and pre-assembled food products. This trend is driven by the fast-paced lifestyles of many adults, which has created a need for quick meal and snack options. In addition, U.S. consumers are shifting toward eating smaller, more frequent meals throughout the day, rather than relying on traditional larger meals.
Frozen foods align well with this preference, as they allow for easy portioning and rapid preparation. Over recent years, the adoption of vegan lifestyles has been steadily growing in the U.S. This shift toward plant-based diets has been driven by various factors, including health concerns, environmental awareness, and ethical considerations.
The increasing popularity of veganism has also been fueled by greater awareness of the health benefits associated with consuming more fruits, vegetables, and whole grains. Consequently, many health-conscious consumers are turning to vegan frozen meals as a convenient and nutritious option.
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Target buyers of U.S. 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 U.S. frozen food market , including forecasts for subscribers. This country databook contains high-level insights into U.S. frozen food market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. frozen food market size, by product, 2018-2030 (US$M)
U.S. Frozen Food Market Outlook Share, 2023 & 2030 (US$M)
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