North America Frozen Entrée Market Forecast to 2030 - Regional Analysis - Type (Meat Based Entrées and Plant-Based Entrées [Plant-Based Meat Entrées, Sweet Potato Entrées, Vegetable Entrées, and Others]), Category (Organic and Conventional), and Distribut

North America Frozen Entrée Market Forecast to 2030 - Regional Analysis - Type (Meat Based Entrées and Plant-Based Entrées [Plant-Based Meat Entrées, Sweet Potato Entrées, Vegetable Entrées, and Others]), Category (Organic and Conventional), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)

The North America frozen entrée market is expected to grow from US$ 13,474.88 million in 2022 to US$ 18,890.75 million by 2030. It is estimated to grow at a CAGR of 4.3% from 2022 to 2030.

Lack of Cold Chain Infrastructure in Developing Countries Fuel the North America Frozen Entrée Market

In recent years, the emergence of e-commerce has revolutionized consumer shopping and spending habits. Smartphone and internet penetration, emerging technologies, rising purchasing power, and convenience provided by online retail shopping platforms from anywhere at any time are among the key factors favoring the e-commerce industry. According to the US Department of Commerce Retail Indicator Division, e-commerce sales in the US reached US$ 870 billion in 2021, up by 14.2% from 2020. Online grocery sales grew by 170% in 2021, accounting for 9.6% of total grocery sales in the US.

People increasingly prefer online retail platforms for purchasing frozen food products such as frozen entrée. According to American Frozen Food Institute, online sales of frozen food products increased by 75% in 2020 compared to a year ago, with frozen dinners/entrees, meat, poultry, and seafood being the biggest online sellers. During the pandemic, online sales of food and beverages rose significantly due to the shutdown of brick-and-mortar stores and the social restrictions imposed by governments.

Heavy discounts, wide availability of brands under one roof, and home delivery options are the key factors driving consumers’ focus toward online shopping. The rising penetration of e-commerce across different geographies prompted manufacturers of frozen entrée such as Kellogg's Company, Conagra Brands, and Nestle SA to expand their online presence by selling their products through well-known e-commerce platforms such as Amazon, Lidl, and Walmart. This factor contributes to the growth of the North America frozen entrée market by eliminating the dependency on offline retail stores.

North America Frozen Entrée Market Overview

The Frozen Entrée Market is segmented into the US, Canada, and Mexico. Frozen food products are among the widely consumed food in North America because of the rising preference for quick and easy meal solutions. Frozen entrée is a preferred quick food solution among working individuals and dual-income households as it offers convenience and saves preparation time. Moreover, consumers are increasingly adopting a healthy lifestyle and demanding gluten-free, low-carb, whole-grain, and organic diet products. The growth of the North America Frozen Entrée Market across North America is also backed by the factors such as increasing preferences for plant-based foods owing to rising environmental concerns. Continuous product innovation, including new flavors, healthier options, and international cuisines, attracts consumers and drives market growth. In September 2022, Impossible Foods Inc launched frozen plant-based entrées in eight different bowls. These eight frozen entrée bowls are available at ~4,000 Walmart outlets worldwide. Hence, such product innovations with different flavors and tastes by manufacturers are anticipated to boost the demand for frozen entrées in North America.

North America Frozen Entrée Market Revenue and Forecast to 2030 (US$ Million)

North America Frozen Entrée Market Segmentation

The North America frozen entrée market is segmented into type, category, distribution channel, and country.

Based on type, the North America frozen entrée market is bifurcated into meat-based entrees, plant-based entrée. The plant-based entrées segment is further categorized into sweet potato entrées, plant-based meat entrées, vegetable entrées, and other plant-based entrées. The meat-based entrees segment held a largest share of the North America frozen entrée market in 2022.

Based on category, the North America frozen entrée market is segmented into organic and conventional. The conventional segment held the largest share of the North America frozen entrée market in 2022.

Based on distribution channel, the North America frozen entrée market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment held the largest share of the North America frozen entrée market in 2022.

Based on country, the North America frozen entrée market is segmented int o the US, Canada, and Mexico. The US dominated the North America frozen entrée market in 2022.

Impossible Foods Inc, Kellogg Co, Daiya Foods Inc, Conagra Brands Inc, Nestle SA, Del Monte Foods Inc, Waffle Waffle LLC Inc, B & G Food Inc, Mars Inc, and Amy’s Kitchen Inc are some of the leading companies operating in the North America frozen entrée market.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America Frozen Entrée 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 North America Frozen Entrée 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 security interest with respect to client products, segmentation, pricing and distribution.