The US Frozen Food Market Insights, Trends and Huge Business Opportunities 2020 to 2023

THE U.S. FROZEN FOOD MARKET: SIZE, TRENDS AND FORECASTS (2019-2023)

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COMPANIES COVERED (SALES, PRICE, REVENUE, VOLUME, GROSS MARGIN AND MARKET SHARE)-
Conagra Brands, Inc. (EVOL), Hain Celestial Group, Inc., Nestle (Sweet Earth), Tyson Foods, Inc. and others.

EXECUTIVE SUMMARY:

Frozen food is one of the latest developments in the overall food industry The U.S.ly. Convenient packaging and longer shelf life are the major characteristics of frozen food which made it popular among other forms of food. Frozen food items are not only convenient to consume, but also are more nutritious as compared to ready-to-eat food items. Frozen foods contain crystalline ice within freeze-concentrated solids.

The U.S. frozen food market is majorly categorized into meals, meats, desserts, produce, snacks, and baked goods. An extensive range of frozen foods are available within each category. Frozen meals, meats, and desserts are the best-selling frozen foods in the U.S. market.

The U.S. frozen food market almost remained stagnant over the past five years, but projections are made that the market would gain momentum over the forecasted period i.e. 2019 to 2023. Increasing urbanization and rising disposable income were the major factors that bolster the growth of frozen food market in the U.S. The market is expected to grow on the back of rising consumption of healthy frozen snacks, convenient packaging formats, rising use of plant-based proteins, growing demand for organic and natural products etc. However, the market is currently facing some challenges which include increasing awareness about fresh foods, lack of innovation, and aisles confusion.

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Industry News and Developments:

CHICAGO, Sept. 17, 2019 -- Conagra Brands, Inc. (NYSE: CAG) is bringing more new food with modern attributes and authentic flavors to market. As the company works to accelerate growth and maximize value creation, Conagra continues its demand-driven approach to innovation by launching a slate of on-trend products from iconic and emerging brands within its Frozen & Refrigerated Meals, Snacks & Sweet Treats, Condiments & Enhancers, and Shelf Stable Meals & Sides businesses.

"Conagra Brands is a leader in frozen food, a category that has a long runway of opportunity for growth," said Darren Serrao, executive vice president and co-chief operating officer for Conagra Brands. "Data tells us that frozen meals are perfect for today's busy consumers, so we're tailoring our new product innovation to bring premium food with the right nutrition, sustainability attributes and price points to the freezer aisle and digital shelf."

MELVILLE, N.Y., May 20 -FirstCall -- The Hain Celestial Group (Nasdaq: HAIN), the leading natural and organic food company, announced today significant agreements to expand its presence in frozen foods and children's foods, two of the fastest-growing natural food categories. The Company announced that it will acquire the Ethnic Gourmet brand of natural ethnic frozen meals and the Rosetto brand of frozen Italian products from H.J. Heinz Company (NYSE: HNZ). The acquisition is expected to be accretive in the first fiscal year following closing. Separately, Hain Celestial also said it had reached an agreement with Sesame Workshop to create co-branded natural food products for children, including cereals, snacks, cookies and crackers, under the Earth's Best brand using Sesame Street characters. Terms of both transactions were not disclosed.

WHAT ARE THE MARKET FACTORS THAT ARE EXPLAINED IN THE REPORT?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a The U.S. and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The The U.S. Frozen Food Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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