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Frozen Food Production in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Frozen Food Production Market Research Report | NAICS 31141 | Sep 2016

Fresh, not frozen: Revenue growth will slow as fresher products gain popularity among consumers

IBISWorld’s Frozen Food Production market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$32bn
Annual Growth 11-16
1.6%
Annual Growth 16-21
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Profit
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Employment
85,918
Businesses
729
Industry Analysis & Industry Trends

The Frozen Food Production industry grew only slightly over the past five years as rising disposable income enabled consumers to trade up to substitute products. With more money to spend, consumers purchased fresh produce over frozen varieties and dined out more frequently. Growing health concerns also caused many consumers to purchase fewer frozen foods, which are often perceived to be less healthy than fresher meals. Over the next five years, manufacturers will continue to develop new products that appeal to health-conscious consumers and invest in marketing campaigns to boost the image of frozen foods. As more Americans return to work and have less time to prepare meals from scratch, they will opt for the convenience of frozen meals... purchase to read more

Industry Report - Starting a New Business Chapter

The Frozen Food Production industry has moderate barriers to entry, although the level of initial capital investment required is significant. Capital investments include expenses relating to the construction or purchase of a processing facility, plant equipment, warehousing and distribution. Prospective entrants must be able to secure enough capital to make these initial investments in addition to overhead expenses. While industry concentration remains relatively low, IBISWorld anticipates the level of concentration to increase as companies consolidate, which will increase the barriers to entry in the future.

One of the biggest threats facing potential new entrants is the very well-entrenched position of the industry's major players. The.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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 entreesFrozen vegetablesFrozen pizzaFrozen breakfastFrozen fruit and juice concentrates
 
Industry Activities
Producing frozen fruit and fruit juicesProducing frozen vegetablesProducing frozen dinners and snacksProducing frozen pizzas Producing frozen breakfast foods


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