Navigation Links
Frozen Food Production in the US Industry Market Research Report from IBISWorld has Been Updated

Los Angeles, CA (PRWEB) March 27, 2013

Revenue for the Frozen Food Production industry has grown slowly over the past five years. The industry grew strongly in 2009 as a dip in disposable incomes spurred customers to opt for the inexpensive products the industry provides. However, sales soon declined once unemployment fell and disposable incomes ticked upward. “With more money to spend, consumers preferred fresh produce to frozen,” says IBISWorld industry analyst Natalie Everett. “Operators responded to this shift in consumer preferences through product innovation that focused on higher quality and healthier ingredients.” As a result, revenue is anticipated to grow at an annualized rate of 2.6% to $28.4 billion over the five years to 2013. In 2013 alone, revenue is expected to grow an estimated 2.0% as frozen meals will remain attractive to time-poor individuals. In addition, the industry will benefit from successful marketing aimed at its products' healthfulness.

Despite revenue growth in the past five years, Frozen Food Production industry profit suffered due to rising commodity prices and the cost of sweeping marketing campaigns convincing consumers that its products were healthful even compared with fresh food, the industry's main competition. “Complicating the matter, operators were unable to pass on the input cost increases through higher prices because consumers were more price-sensitive during the recession, which caused profit to fall,” adds Everett. As the economy recovers, disposable income increases and quality becomes a larger demand factor, companies will have more leverage to raise prices on premium prepared frozen meals because consumers will pay more for higher quality products. Therefore, profit is expected to expand through 2018.

The industry is moderately concentrated; although the top four firms control a significant proportion of revenue, only a small percentage of firms employ more than 500 workers. Concentration increased slightly as a result of increased growth for some major players, along with an increase in merger and acquisition activity. In the next five years, industry concentration is expected to keep climbing as the major players, including Nestle, Schwan Food Company, ConAgra Foods and H.J. Heinz Company, continue to grow through advanced technology, acquisitions and their ability to bypass wholesalers and sell directly to retailers.

During the next five years, operators will continue to develop products and marketing messages that focus on healthfulness. Further, as more Americans return to work and have less time to prepare meals, they will opt for the convenience of frozen meals. However, consumers are expected to benefit from a recovering economy and more disposable income, allowing them to buy fresh produce. Such competition will hurt demand for frozen food and, therefore, stifle revenue. Ultimately, revenue is expected to rise during the five years to 2018. For more information, visit IBISWorld’s Frozen Food Production in the US industry report page.

Follow IBISWorld on Twitter:!/IBISWorld
Friend IBISWorld on Facebook:

IBISWorld industry Report Key Topics

This industry includes firms that produce frozen food products, such as frozen fruits, vegetables and juices; frozen entrees and side dishes (excluding seafood); frozen whipped toppings; and frozen waffles, pancakes and french toast. These products are then distributed to outlets such as grocery wholesalers, retail food stores and the hospitality industry.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit or call 1-800-330-3772.

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Zinga! Frozen Yogurt Touts Harvard Study for National Nutrition Month
2. Puppy Born From Frozen Embryo May Offer Hope to Endangered Wildlife
3. Rock River Valley Blood Center offering Pint of Culver’s Frozen Custard to Donors in February
4. Zinga Frozen Yogurt Expands Into Southern California in a Big Way
5. Etavonni Products and FrozenPeaz Hot and Cold Packs Show Entrepreneurialism in America is not Dead
6. Keeping Cold-Weather Exercise Fresh, Not Frozen
7. Human embryos frozen for 18 years yield viable stem cells suitable for biomedical research
8. Certain bacteria suppress production of toxic shock toxin: Probiotic potential looms
9. Fresh Pasta Production in Australia Industry Market Research Report Now Available from IBISWorld
10. Maryland Children's Theater Holds Auditions for Summer Youth Productions of SHREK! and Les Misérables
11. Essential Reproduction, 7th edition
Post Your Comments:
(Date:12/1/2015)... ... 01, 2015 , ... PYA’s latest white paper, “ PYA ... main “pain point” for merging or aligning healthcare provider organizations—when mergers and other ... This quick-read guidance suggests that failing to recognize the power of an ...
(Date:12/1/2015)... ... December 01, 2015 , ... ... and SACC-USA through membership and leadership since 2008. Gary Bruce, President of ... SACC-USA . Gary has spent a significant amount of time in Sweden since ...
(Date:12/1/2015)... ... , ... Nurotron Biotechnology Co., Ltd., maker of cochlear implant systems, has won ... order will be from the China Disabled Persons’ Federation, a central government association, for ... for children and adults suffering from severe and profound hearing loss . The ...
(Date:12/1/2015)... , ... December 01, 2015 , ... ... on receiving the 2015 HSJ Acute Sector Innovation Award on November 18th. This ... patient care experience, and propose exciting enhancements to the medical landscape. , The ...
(Date:11/30/2015)... ... 2015 , ... Third Molar SEO , one of ... launched a sleek, mobile-ready and user-centric redesigned website. , Vivek Srivastava, founder and ... the benefits that its SEO services provide to dentists and why Third Molar ...
Breaking Medicine News(10 mins):
(Date:11/30/2015)... , Nov. 30, 2015  The ... norm in U.S. medical imaging is on ... popular accountable care payer-provider contracts are set ... in their wake, alter provider-vendor relationships. The ... will push forward new purchasing frameworks in ...
(Date:11/30/2015)... , Nov. 30, 2015 Oramed Pharmaceuticals Inc. ... on the development of oral drug delivery systems, announced ... valued at up to $50,000,000 with Hefei Tianhui Incubator of Technologies Co., ... insulin capsule, ORMD-0801, in China , ... Macau . The agreements were signed at the ...
(Date:11/30/2015)... Nov. 30, 2015 iCAD, Inc. (Nasdaq: ... feature its latest solutions for advanced image analysis ... cancer at the Radiological Society of North American ... from November 29 to December 4, ... including iReveal®, an automated breast density assessment solution, ...
Breaking Medicine Technology: