Stay cool: Manufacturers will develop new, health-conscious products to boost the image of frozen foods

The Frozen Food Production industry expanded over the five years to 2018, as declining demand for traditional products was offset by product innovation. Rising disposable income enabled consumers to trade up to newer, healthier and premium varieties of goods that command higher retail prices. Nevertheless, with more money to spend, some consumers opted for fresh produce over frozen varieties, stifling growth. Growing health concerns also caused many consumers to purchase fewer frozen foods, which are often perceived to be less healthy than fresher meals, despite new studies indicating otherwise. Operators responded by introducing products with healthier, more nutritious ingredients. Frozen food products contend with adverse conditions from public perceptions...purchase to read more.

Industry Statistics & Market Size
Revenue
$35bn
Annual Growth 13-18
0.7%
Forecast Growth 18-23
Profit
Employment
92,585
Businesses
2,233

Industry Threats & Opportunities

  • With more money to spend, consumers sometimes opt for fresh produce over frozen varieties, stifling growth
  • Profitability for frozen food producers primarily depends on the price of inputs, such as vegetables
  • The increasingly nutritious nature of frozen prepared meals will continue to attract customers
  • Industry Report - Industry Products Chapter

    Frozen prepared foodFrozen prepared food is estimated to account for 30.8% of industry revenue, making it the largest product segment of this industry. This broad segment includes a variety of meat and specialty selections (not including frozen pizza selections) that can be prepared on the stove, in the oven or in the microwave. Frozen entrees' share of the industry has slightly increased in recent years, as consumers are increasingly time strapped and seeking a quick and convenient meal. However, growing health consciousness has negatively affected this product segment as frozen prepared foods are perceived to be unhealthy and highly processed by many in the United States. Furthermore, many consumers have shifted away from frozen foods in favor of fresh alternatives. How...purchase to read more.

    Additional Insights for the Frozen Food Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Frozen Food Production Industry are

  • Product differentiation
  • Ability to adapt to change
  • Supply contracts in place for key inputs
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Total health expenditure in the Frozen Food Production industry impact industry performance..

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    What's in this report

    What is the Frozen Food Production Industry?

    Operators in this industry produce frozen packaged foods, which include frozen fruits, vegetables and juices; frozen packaged meals and side dishes (excluding unprocessed seafood); frozen pizza; frozen whipped toppings; and frozen breakfast and baked goods, such as waffles and pancakes. These products are then distributed to retail grocery stores, food wholesalers and the hospitality industry.

    Industry Products
  • Frozen prepared foods and entrees
  • Frozen vegetables
  • Frozen pizza
  • Frozen fruit and juice concentrates
  • Industry Activities
  • Producing frozen fruit and fruit juices
  • Producing frozen vegetables
  • Producing frozen dinners and snacks
  • Producing frozen pizzas
  • Producing frozen breakfast foods
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Total health expenditure
  • Time spent on leisure and sports
  • Trade-weighted index

  • Current Performance
  • Healthy, premium products confront weakened sales
  • Profit and industry structure
  • Import penetration
  • Chart: Revenue Growth

  • Industry Outlook
  • Food consumption trends
  • Profit and international trade
  • Table: Frozen Food Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Frozen Food Production Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Grocery Wholesaling
  • Frozen Food Wholesaling
  • Supermarkets & Grocery Stores
  • Convenience Stores
  • Community Food Services
  • Food Service Contractors

  • Key Selling Industries
  • Corn Farming
  • Flour Milling
  • Margarine & Cooking Oil Processing
  • Meat, Beef & Poultry Processing
  • Soybean Farming
  • Sugar Processing
  • Vegetable Farming
  • Wheat, Barley & Sorghum Farming

  • Products & Services
  • Frozen prepared foods and entrees
  • Frozen vegetables
  • Frozen pizza
  • Frozen fruit and juice concentrates
  • Other
  • Chart: Frozen Food Production Industry Products and Services Segmentation

  • Demand Determinants
  • Convenience
  • Health consciousness

  • Major Markets
  • Food service establishments
  • Grocery wholesalers
  • Retailers
  • Exports
  • Chart: Major Market Segmentation for the Frozen Food Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Frozen Food Production

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Frozen Food Production Industry

  • Industry Globalization
    Schwan's Company, Conagra Brands Inc.,
  • Table: Schwan's Company - financial performance
  • Table: Conagra Brands Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Frozen Food Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Frozen Food Production Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • per capita disposable income (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Blanching
  • A form of food preservation in which the food is heated quickly to reach the boiling point of water, after which it is immediately soaked in cold water to halt the cooking process.
  • Cryogenic Freezing
  • A method of rapid cooling in which food is exposed to sub-zero temperatures to stop spoilage. Carbon dioxide (dry ice) or liquid nitrogen is often used to accelerate the cooling process.
  • Flash Freezing
  • A freezing technique in which water contained inside a food source is subjected to temperatures well below its freezing point, which prevents ice crystal from forming within the food
  • What Our Customers Say

    Why buy this report?

    The Frozen Food Production industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

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    This report on Frozen Food Production:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Frozen Food Production market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Frozen Food Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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