North America Frozen Waffles Market Growth Sturdy at 5.5% CAGR to Outstrip $1765.75 Million by 2028 - COVID-19 Impact and Global Analysis by Business Market Insights

The frozen waffles market in North America is expected to grow from US$ 1,217.09 million in 2021 to US$ 1,765.75 million by 2028; it is estimated to grow at a CAGR of 5.5% from 2021 to 2028.

Over the past few years, the lifestyle of people evolved dramatically. Due to hectic work schedules, people are looking for products that save time and effort. Consumers prefer ready-to-eat, microwavable, and ready-to-prepare food products as they are highly suitable for on-the-go consumption and require minimal preparation time. These factors are significantly boosting the demand for convenience food among consumers. Moreover, the increasing women population incorporates, high per capita income, and rising middle-class population are key factors driving the growth of convenience food consumption.

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key companies profiled in this research study are: 
Avieta S.A.
B Boys LLC DBA Belgian Boys
Deligout
Dely Wafels
Kellogg Company
Nature's Path Foods

The number of single or two-person households is growing in various developed nations such as the US and Canada. According to the 2020 Current Population Survey, there were 36.1 million single-person households in the US, accounting for 28% of all households. Due to the growing number of nuclear families, the demand for ready-to-eat, portion-controlled food increased. The market for frozen food products is also growing as they have extended shelf-life, are suitable for single-person consumption, and can be prepared in less time. According to the 'Power of Frozen' report published by the American Frozen Food Institute and Food Industry Association, frozen food sales in the US increased by 21% in 2020. Frozen breakfast products such as pancakes, waffles, and breakfast cereals are gaining huge traction among consumers owing to the convenience of these products related to preparation and consumption. Thus, the rising demand for convenience food and frozen food products is driving the growth of the North America frozen waffle market.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America frozen waffles market. The North America frozen waffles market is expected to grow at a good CAGR during the forecast period.

North America Frozen Waffles Market Segmentation:
North America frozen waffles market is segmented into product type, category, distribution channel, and country. Based on type, the frozen waffles market is segmented into flavored and unflavored/plain. The flavored segment accounted for a larger market share in 2020 and is expected to register a higher CAGR during the forecast period. On the basis of category, the North America frozen waffles market is bifurcated into gluten-free and conventional. The conventional segment accounted for a larger market share in 2020.

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Major Features of North America Frozen Waffles Market Report:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Frozen Waffles Market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the North America Frozen Waffles Market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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