The US frozen snacks market is estimated to grow at a CAGR of 6.8% during the forecast period. The expansion of foodservice chains is one of the major factors in accelerating market growth. There is significant availability of major foodservice chains such as McDonald’s, Pizza Hut, and Domino’s Pizza is supporting the consumption of frozen snacks. For instance, in January 2019, Domino’s declared that it could build another 2,000 stores in the US in the next seven to eight years. This expansion is a part of its fortressing” strategy to establish more sales and improve the quality of delivery services. Frozen pizza and potato fries are widely offered in these fast-food restaurants. In August 2019, McDonald’s has brought a completely new form of French fry to its global headquarters restaurant in Chicago, US. These fast-food chains are primarily engaged in making innovations in their food products, which supports to widen their consumer base.
The US frozen snacks market is segmented based on product and distribution channels. Based on the product, the market is classified into pizza, potato fries, puffs, meat snacks, and others. The rising demand for meat snacks is offering an opportunity for the consumption of frozen meat snacks in the region. Additionally, increasing launches of frozen meat snacks are offering an opportunity for the adoption of frozen meat snacks. For instance, in July 2020, Kalahari Snacks declared the launch of new air-dried beef chips.
Some prominent players in the market include General Mills Inc., Nestlé S.A., CJ CheilJedang Corp., and Tyson Foods, Inc. These players are adopting some crucial strategies to increase their position in the marketplace. For instance, In August 2020, General Mills Inc. plans to leverage the production of its Totino's series of pizza snacks with the expansion to its plant in Wellston, Ohio, US. This will enable the company to meet the increased demand for frozen pizzas in the country.
Research Methodology
The market study of the US frozen snacks market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. US Frozen Snacks Market by Product
5.1.1. Pizza
5.1.2. Potato Fries
5.1.3. Puffs
5.1.4. Meat Snacks
5.1.5. Others
5.2. US Frozen Snacks Market by Distribution Channel
5.2.1. Retail
5.2.2. Food Service Chain
6. Company Profiles
6.1. Amy's Kitchen, Inc.
6.2. Bellisio Foods, Inc.
6.3. Bernatello's Foods
6.4. California Pizza Kitchen, Inc.
6.5. Caulipower LLC
6.6. CJ CheilJedang Corp.
6.7. Conagra Brands, Inc.
6.8. General Mills, Inc.
6.9. Hansen Foods, LLC
6.10. Nestlé S.A.
6.11. Newman’s Own, Inc.
6.12. Palermo Villa, Inc.
1. US FROZEN SNACKS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2019-2026 ($ MILLION)
2. US FROZEN SNACKS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2019-2026 ($ MILLION)
1. US FROZEN SNACKS MARKET SHARE BY PRODUCT, 2019 VS 2026 (%)
2. US FROZEN SNACKS MARKET SHARE BY DISTRIBUTION CHANNEL, 2019 VS 2026 (%)