U.S. Frozen Food Market is anticipated to reach USD 72.98 billion by 2024. Frozen food lowers the rate of decomposition of food by converting moisture into ice. Also, it inhibits the growth of bacterial species. Frozen food offers better stock options; thereby prolonging shelf life. Frozen products constitute maximum vitamins and minerals as freezing conserves the products for prolonged periods without any stabilizers and discourages the microbial growth that causes food spoilage.
The factors that propel the growth of the U.S. Frozen Food Market include developments in packaging methods have made frozen foods more attractive and; at the same time, these methods also cater to the customers regarding holding and carrying such products effortlessly. U.S. Frozen Food industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
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U.S. Frozen Food Market may be explored by type, and geography. U.S. Frozen Food industry may be explored by product type as Frozen potatoes, Frozen fruits & vegetables, Frozen ready meals, Frozen soup, Frozen fish/seafood, Frozen meat, and Others. The “Frozen Ready Meals” segment led the U.S. Frozen Food Market in 2015 and is anticipated to maintain its dominance by 2025 due to a variety of options serving a spectrum of tastes and preferences are available in the market.
The factors that could be attributed to the growth of the U.S. frozen food industry include changing lifestyle, easy storage, and increase in technological development. Some of the key players that fuel the growth of the U.S. Frozen Food industry comprise Goya Foods, ConAgra Foods, McCain, Inn Foods, Pinnacle Foods groups, Bellisio Foods, General Mills Inc., El Sembrador, and Jeanie Marshall Foods Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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Market Segment:
U.S. Frozen Food Market Product Outlook (Revenue, USD Million, 2014 – 2024)
• Frozen fruits & vegetables
• Frozen potatoes
• Frozen ready meals
• Frozen meat
• Frozen fish/seafood
• Frozen soup
• Others
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