Top 10 Frozen Food Companies | Best Preserved Products

Samruddhi Yardi
Samruddhi Yardi

Updated · May 2, 2024

SHARE:

At Market.us Media, we strive to bring you the most accurate and up-to-date information by utilizing a variety of resources, including paid and free sources, primary research, and phone interviews. Learn more.
close
Advertiser Disclosure

At Market.us Media, we strive to bring you the most accurate and up-to-date information by utilizing a variety of resources, including paid and free sources, primary research, and phone interviews. Our data is available to the public free of charge, and we encourage you to use it to inform your personal or business decisions. If you choose to republish our data on your own website, we simply ask that you provide a proper citation or link back to the respective page on Market.us Media. We appreciate your support and look forward to continuing to provide valuable insights for our audience.

Frozen Food Market Overview

Frozen food encompasses a wide array of products preserved through rapid freezing, maintaining texture, flavor, and nutrients while extending shelf life.

From raw ingredients like fruits, vegetables, meats, and seafood to convenient ready-to-eat meals and snack options, the frozen food sector caters to diverse consumer needs.

Packaged in materials designed to prevent freezer burn, these items require proper storage at or below -18°C (-0.4°F) for optimal quality.

Adherence to food safety regulations is crucial, ensuring proper handling and transportation. Consumer trends favor healthier options, convenience, and sustainability, shaping the evolution of the frozen food market.

Market Drivers

Various factors contribute to the global frozen food market’s growth. Evolving lifestyles and busy schedules drive demand for convenient meals, boosting frozen foods’ popularity.

Advances in freezing technology and packaging enhance product quality and variety, appealing to health-conscious consumers while maintaining taste and nutrition.

Urbanization and rising incomes in emerging markets drive increased adoption of frozen foods. Greater awareness of food safety and hygiene, along with strict regulations, builds consumer trust.

Sustainability efforts drive innovation in packaging and production methods, fostering market expansion. These factors collectively fuel the dynamic growth of the global frozen food sector.

Market Size

The Global Frozen Food Market reached a value of USD 269.1 billion in 2022. It is projected to experience the highest Compound Annual Growth Rate (CAGR) of 5.1% between 2023 and 2032.

List of Major Companies

These are the top ten companies operating in the Frozen Food Market:

Nestle

Company Overview

Establishment Year1866
HeadquarterVevey, Switzerland
Key ManagementPaul Bulcke (Chairman)
Revenue (US$ Bn)$ 103.5 Billion (2022)
Headcount~ 270,000 (2022)
Websitehttps://www.nestle.com/

About Nestlé

Nestlé S.A., a leader in the frozen food industry, is strategically enhancing its market presence through acquisitions and sustainability efforts.

In 2023, the company entered the luxury segment by acquiring a significant stake in a premium Brazilian chocolate maker, broadening its high-end offerings.

Early in 2024, Nestlé launched a sustainably sourced KitKat in Europe, made with cocoa from its Income Accelerator program.

Additionally, Nestlé is investing £7 million in a partnership with Impact Recycling to build a facility in the UK for managing hard-to-recycle plastics, set to start operations by late summer 2024.

This initiative aims to improve recycling capabilities for flexible plastics, aligning with global environmental goals and reinforcing Nestlé’s commitment to sustainability and responsible corporate behavior.

Geographical Presence

Nestlé S.A., headquartered in Switzerland, maintains a formidable geographical presence across the globe.

With operations spanning Europe, North America, Asia, Latin America, the Caribbean, and Africa, Nestlé strategically positions itself in key markets to capitalize on diverse consumer preferences and emerging opportunities.

From manufacturing facilities and distribution networks in Europe to catering to the dynamic consumer landscape in Asia and Latin America, Nestlé adapts its product offerings while leveraging its global expertise.

This extensive presence underscores Nestlé’s leadership in the food and beverage industry, driving growth and value creation for stakeholders worldwide.

Recent Developments

  • In September 2023, Nestlé entered an agreement with Advent International to acquire a majority stake in Grupo CRM, a prominent premium chocolate company based in Brazil.
  • In April 2023, Nestlé and PAI Partners joined forces to create a joint venture centered on Nestlé’s frozen pizza operations in Europe.

Tyson-Foods

Company Overview

Establishment Year1935
HeadquarterSpringdale, Arkansas, U.S.
Key ManagementDonnie King (CEO)
Revenue (US$ Bn)$ 53.2 B (2023)
Headcount~ 142,000 (2022)
Websitehttp://www.tysonfoods.com/

About Tyson Foods

Tyson Foods, Inc., a significant entity in the frozen food industry, is actively expanding its operations and product lines.

In 2023, the company opened a $300 million fully-cooked food production facility in Danville, Virginia, to enhance long-term growth and efficiency.

This was closely followed by another facility launch in Kentucky in early 2024, aimed at increasing bacon production capacity.

Additionally, Tyson has embraced sustainability and technological innovation by partnering with Protix for more sustainable protein production and encouraging startups to engage in its 2024 Demo Day, focusing on supply chain innovations.

These initiatives underline Tyson Foods’ strategy of bolstering growth through investment in production capabilities and forward-thinking technologies, thereby improving its product offerings and operational sustainability.

Geographical Presence

Tyson Foods, Inc. maintains a formidable global presence across North America, Europe, Asia-Pacific, and Latin America.

Headquartered in Springdale, Arkansas, USA, the company strategically operates processing plants, distribution centers, and offices throughout the United States and Canada.

Expanding internationally, Tyson Foods has made significant inroads into European markets like the United Kingdom and the Netherlands while also establishing a strong presence in Asia-Pacific countries such as China, Thailand, and India.

Additionally, the company operates in Latin American countries like Brazil and Mexico. This extensive geographical reach underscores Tyson Foods’ commitment to providing high-quality food products to consumers worldwide while tapping into diverse regional markets.

Recent Developments

  • In January 2024, Tyson Foods inaugurated a new $355 million food production facility in Bowling Green, Kentucky, aimed at expanding its bacon production capacity. This strategic move enhances Tyson Foods’ position as a leader in the category and enables the company to seize opportunities in the growing market demand for its products.
  • In November 2023, Tyson Foods inaugurated a new $300 million fully-cooked food production facility in Danville, Virginia, in line with its goals of enhancing long-term growth, optimizing operational efficiency, and bolstering investments in its poultry sector.

Kraft-Heinz

Company Overview

Establishment Year2015
HeadquarterChicago, Illinois, and Pittsburgh, Pennsylvania, U.S.
Key ManagementCarlos Abrams-Rivera (CEO)
Revenue (US$ Bn)$ 26.6 Billion (2023)
Headcount~ 36,000 (2023)
Websitehttps://kraftheinzcompany.com/

About Kraft Heinz

Kraft Heinz Company, a key player in the frozen food sector, is actively innovating and strategically expanding its operations.

The company is focusing on increasing sales by enhancing existing brands and launching new products tailored to evolving consumer preferences for health and convenience.

For instance, in a partnership with NotCo, Kraft Heinz recently introduced a plant-based version of its renowned KRAFT Mac & Cheese, catering to the growing demand for sustainable and alternative dietary options.

This initiative is part of a broader strategy to develop products that are not only quick and of high quality but also promote holistic wellness.

Through such innovations, Kraft Heinz is reinforcing its market position by adapting to consumer trends toward healthier and more sustainable food choices.

Geographical Presence

Kraft Heinz, headquartered in Chicago and Pittsburgh, has a strong global presence across North America, Europe, Latin America, Asia Pacific, and the Middle East.

It strategically entered key European nations such as the UK and Germany, along with emerging markets like Brazil and China.

By adapting products to local tastes and utilizing its global brand strength, Kraft Heinz meets diverse consumer demands.

This expansive reach highlights its dedication to global growth and meeting consumer needs worldwide.

Recent Development

  • In April 2024, Kraft Heinz partnered with Mattel to launch a limited-edition Barbie-inspired mayonnaise called Barbie-cue.
  • In April 2024, Kraft Heinz introduced the Heinz Tomato Ketchup Smokey Bacon flavor.

PepsiCo

Company Overview

Establishment Year1898
HeadquarterNew York, U.S.
Key ManagementRamon Laguarta (Chairman & CEO)
Revenue (US$ Bn)$ 91.4 Billion (2023)
Headcount~ 318,000 (2023)
Websitehttp://pepsico.com/

About PepsiCo

PepsiCo is significantly expanding its presence in the frozen food industry, emphasizing sustainable and health-focused innovations.

The company’s pep+ initiative is transforming its business model to deeply integrate sustainability from sourcing to packaging, aiming to produce goods that benefit both consumers and the environment.

PepsiCo is also adapting its product lineup to meet consumer demand for healthier options, such as zero-sugar beverages and more nutritious snacks.

Innovations like SodaStream enable consumers to create customizable, eco-friendly drinks at home, while acquisitions like CytoSport, known for high-protein products like Muscle Milk, enhance PepsiCo’s healthier snack offerings.

These strategic moves underscore PepsiCo’s commitment to growth by aligning with current health and environmental trends, positioning it strongly for future expansion in the frozen food sector.

Geographical Presence

PepsiCo, Inc. boasts a robust global presence, strategically positioning itself across multiple continents. In North America, it maintains leadership with iconic brands like Pepsi and Lay’s.

Latin America sees significant operations in countries like Mexico and Brazil. Europe hosts PepsiCo in key markets such as the UK and Germany, while the Asia-Pacific region, including China and India, represents vast growth opportunities.

Additionally, PepsiCo explores markets in Africa and the Middle East. This expansive reach highlights PepsiCo’s commitment to meeting diverse consumer preferences worldwide.

Recent Development

  • In April 2024, PepsiCo voluntarily recalled select batches of Schweppes Ginger Ale labeled as “sugar-free” and “caffeine-free” following FDA notification.
  • In November 2023, PepsiCo launched its first frozen food product, Quaker Chewy Granola, as part of the Quaker Chewy brand.

Conagra

Company Overview

Establishment Year1919
HeadquarterChicago, Illinois, U.S.
Key ManagementSean Connolly (CEO)
Revenue (US$ Bn)$ 12.3 B (2023)
Headcount~ 18,600 (2023)
Websitehttps://www.conagrabrands.com/

About Conagra Brands

Conagra Brands is actively shaping the future of the frozen food sector with strategic innovations and market expansions.

The company’s “Future of Frozen Food 2024” report outlines several key trends that are driving change within the industry, including globally inspired flavors and the increasing use of air fryers, which highlights consumer demand for both exotic tastes and convenience in meal preparation​​.

Furthermore, Conagra has recently launched new products, such as Angie’s BOOMCHICKAPOP Cinnabon Drizzled Kettle Corn, and announced a significant divestiture by selling its stake in Agro Tech Foods Limited, marking a strategic shift in its business operations​​.

These moves reflect Conagra’s commitment to adapting to consumer trends and innovating within the frozen food space, ensuring its growth and relevance in a competitive market.

Geographical Presence

Conagra Brands, headquartered in Chicago, Illinois, holds a significant geographical presence, primarily focusing on North America, including the United States and Canada.

Its extensive distribution network ensures nationwide availability of its products in various retail outlets, from supermarkets to online platforms.

While firmly rooted in North America, Conagra Brands has also ventured into international markets, particularly in Europe and select regions of Asia.

Despite varying extents of presence, the company remains dedicated to delivering quality food products globally, leveraging its renowned brands and strategic market approach.

Recent Developments

  • In February 2024, Conagra Brands announced its subsidiary’s deal to offload a 51.8% share in Mumbai’s ATFL to funds advised by Convergent Finance and Samara Capital.
  • In January 2024, Dolly Parton partnered with Conagra Brands to create a range of retail food products

McCain-Foods

Company Overview

Establishment Year1957
HeadquarterToronto, Ontario, Canada
Key ManagementJames Scott McCain (Chairman)
Revenue (US$ Bn)$ 10.5 Billion (2023)
Headcount~ 20,000 (2023)
Websitehttp://mccain.com/

About McCain Foods

McCain Foods Limited is intensifying its sustainability initiatives and diversifying its product offerings to cater to the increasing demand for plant-based and sustainable food choices.

The company has recently invested $55 million in Strong Roots, a plant-based food company, to foster growth and further sustainability efforts.

This partnership is aimed at satisfying the global appetite for healthy, natural foods. McCain is also advancing its commitment to regenerative agriculture with the goal of applying these practices across all its global potato acreage by the decade’s end, with over half already engaged.

These efforts are underscored in their latest Global Sustainability Report, which highlights progress in smart farming and resource-efficient operations, aligning with consumer preferences for eco-friendly food options.

Geographical Presence

McCain Foods Limited boasts a significant global presence across North America, Europe, Asia-Pacific, and South America.

In North America, the company operates production facilities in Canada and the United States, catering to domestic and international markets.

Across Europe, McCain Foods maintains manufacturing facilities in the United Kingdom, Belgium, France, and Poland, solidifying its position as a key player in the region’s frozen food market.

In the Asia-Pacific region, the company has established operations in Australia, New Zealand, and China to meet the increasing demand for frozen food products.

Additionally, McCain Foods has expanded into South America, with facilities in Argentina and Brazil, demonstrating its commitment to serving diverse markets worldwide with high-quality frozen food offerings.

Recent Developments

  • In April 2024, McCain Foods acquired a majority stake in Strong Roots.
  • In April 2024, McCain Foods announced the acquisition of an additional 51% stake in Forno de Minas.

Kellogg

Company Overview

Establishment Year1906
HeadquarterChicago, Illinois, US
Key ManagementSteven Cahillane (Chairman & CEO)
Revenue (US$ Bn)$ 13.1 Billion (2023)
Headcount~ 23,000 (2023)
Websitehttp://kellanova.com/

About Kellogg’s

Kellogg’s is enhancing its position in the frozen food industry by significantly investing in innovation and sustainability.

The company recently established a new food innovation center in Manchester, designed to develop new products, improve existing offerings, and explore sustainable packaging solutions.

This center features advanced facilities, including a culinary kitchen and sensory hub, supporting Kellogg’s mission to create better products for people and the planet.

Additionally, Kellogg’s is responding to health and wellness trends by introducing low-sugar, keto-friendly, and expanded plant-based offerings through its Morningstar Farms brand. These efforts underscore Kellogg’s commitment to meeting the evolving dietary preferences and sustainability expectations of global consumers, reinforcing its role as a leader in the frozen food sector.

Geographical Presence

Kellogg Company has a broad presence spanning North America, Europe, Latin America, Asia-Pacific, and the Middle East.

Based in Battle Creek, Michigan, Kellogg operates manufacturing facilities, distribution centers, and offices across the United States, Canada, Europe, Latin America, Asia-Pacific, and the Middle East.

With significant operations in key markets like the United Kingdom, Germany, Spain, Italy, France, Brazil, Mexico, Argentina, Chile, China, Australia, Japan, South Korea, India, Saudi Arabia, the United Arab Emirates, and Turkey, Kellogg effectively caters to diverse consumer preferences worldwide, maintaining its position as a top provider of breakfast cereals, snacks, and convenience foods.

Recent Developments

  • In April 2024, Rice Krispies Treats launched Chocolatey Peanut Butter.
  • In March 2024, Pringles announced plans to revamp its iconic tubes in the UK, making them recyclable.

Unilever

Company Overview

Establishment Year1929
HeadquarterLondon, England
Key ManagementHein Schumacher (CEO)
Revenue (US$ Bn)$ 64.5 Billion (2022)
Headcount~ 127,000 (2024)
Websitehttps://www.unilever.com/

About Unilever

Unilever Plc continues to make significant strides in the frozen food sector, particularly in frozen desserts. Recently, Unilever acquired Yasso, a U.S.-based company known for its Greek yogurt-based frozen treats.

This acquisition is part of Unilever’s strategy to enhance its portfolio of healthier, ‘better-for-you’ ice creams, which includes other premium brands like Ben & Jerry’s and Magnum.

This move aligns with Unilever’s ongoing efforts to adapt to consumer preferences for indulgent yet healthier frozen dessert options​​.

Geographical Presence

Unilever PLC’s geographical presence spans over 190 countries across Europe, North America, Asia-Pacific, Latin America, and Africa.

Key markets include the United Kingdom, Germany, the United States, China, India, Brazil, and Nigeria, among others.

With operations in both developed and emerging markets, Unilever strategically positions itself to capitalize on diverse consumer preferences and market dynamics.

This global footprint underscores Unilever’s commitment to serving consumers worldwide while leveraging its extensive portfolio of brands to drive growth and profitability across regions.

Recent Development

  • In April 2024, Dove introduced its new Whole Body Deodorants.
  • In April 2024, Unilever issued a recall of select Magnum almond ice cream sticks in the UK and Ireland due to potential contamination with plastic and metal.

General-Mills

Company Overview

Establishment Year1856
HeadquarterGolden Valley, Minnesota, U.S.
Key ManagementJeffrey Harmening (Chairman and CEO)
Revenue (US$ Bn)$ 20.1 Billion (2023)
Headcount~ 34,000 (2023)
Websitehttp://www.generalmills.com/

About General Mills

General Mills, Inc. continues to strengthen its presence in the frozen food sector with significant investments aimed at boosting efficiency and production capacity.

Recently, the company has committed to enhancing its operations at a frozen-food facility in Wellston, Ohio, which primarily produces pizza snacks for Totino’s brand.

This initiative, part of a broader strategy to improve productivity and increase capacity, involves a multi-million-dollar investment that will also create new jobs at the facility​​.

This move reflects General Mills’ ongoing focus on optimizing its manufacturing processes and expanding its capacity to meet the growing demand for frozen foods.

By investing in its facilities, General Mills aims to ensure that its production is not only more efficient but also capable of supporting sustained growth in the frozen food market​​.

Geographical Presence

General Mills, Inc. boasts a widespread geographical presence, strategically positioning itself across key markets worldwide.

Headquartered in Minneapolis, Minnesota, USA, the company maintains a dominant foothold in North America, efficiently distributing its products throughout the United States and Canada.

Beyond North America, General Mills has established strongholds in Europe, the Middle East, Africa, Asia-Pacific, and Latin America, capitalizing on diverse consumer preferences and emerging trends.

This global footprint underscores General Mills’ commitment to delivering quality food products tailored to local tastes while leveraging its extensive distribution networks to reach consumers across continents.

Recent Development

  • In December 2023, General Mills launched Cheerios Veggie Blends.
  • In November 2023, General Mills announced the acquisition of Fera Pets, Inc.

Ajinomoto

Company Overview

Establishment Year1917
HeadquarterChūō, Tokyo, Japan
Key ManagementTaro Fujie (President & CEO)
Revenue (US$ Bn)$ 10 Billion (2022)
Headcount~ 34,615 (2022)
Websitehttp://ajinomoto.com/

About Ajinomoto

Ajinomoto Co., Inc. is actively expanding its reach in the global frozen food market by acquiring companies in the U.S. and Europe, such as Windsor Quality Holdings and LABEYRIE TRAITEUR SURGELÉS.

This strategy enhances their ability to meet local taste preferences and dietary needs. Additionally, Ajinomoto leverages its seasoning expertise to improve both the taste and nutritional content of its frozen products, aligning with consumer demand for convenient, health-conscious food options.

These efforts reflect Ajinomoto’s broader commitment to quality and innovation in offering products that are tasty and nutritionally advantageous, addressing health concerns like salt and sugar intake.

Geographical Presence

Ajinomoto Co., Inc., a prominent player in the food and biotechnology sector, maintains a widespread geographical presence across multiple continents.

Headquartered in Tokyo, Japan, the company has solidified its position in the Asian market while expanding its operations strategically.

With key subsidiaries and production facilities in countries like Thailand, Indonesia, Malaysia, the Philippines, China, the United States, Mexico, France, the United Kingdom, Germany, Brazil, and Peru, Ajinomoto caters to diverse consumer preferences globally.

This expansive footprint underscores the company’s commitment to delivering high-quality food products tailored to various cultural contexts, leveraging both its global infrastructure and local expertise.

Recent Developments

  • In November 2023, Ajinomoto Co., Inc. announced its plans to acquire Forge Biologics Holdings.
  • In June 2023, Ajinomoto revealed intentions to acquire a further 25% ownership in Ajinomoto Genexine Co., Ltd.
SHARE:
Samruddhi Yardi

Samruddhi Yardi

Samruddhi Yardi has done her MBA in Marketing, and after working in sales for 2.5 years, she has shifted to the market research industry. As Samruddhi is a pharma graduate, she is working in the Healthcare domain as a Research associate. She also contributes to chemical, consumer goods, agriculture, and food & beverages.