19th December 2019 – 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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