Top 10 Frozen Foods Companies Leading the Frozen Foods Revolution
Edward Scott
Associate Marketing Director | Food & Beverage, Agriculture Research Reports & Consulting
The frozen foods industry is shaped by several key factors, including changing consumer lifestyles, health and wellness trends, technological advancements, economic conditions, retail and distribution strategies, cultural and regional preferences, sustainability considerations, regulatory environment, marketing and branding efforts, and innovation in product development. Busy lifestyles and urbanization drive demand for convenient meal solutions, while health-conscious consumers seek frozen foods that are low in preservatives and high in nutritional value, including options catering to specialized diets like organic, gluten-free, and vegan. Technological advances in freezing and packaging improve the quality and shelf-life of frozen foods, making them more appealing.
The world's leading frozen foods companies : ?? Top players in the industry
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Conagra Brands, Inc. (US):
Conagra Brands, Inc. stands out prominently in the North American packaged food industry with its diverse range of branded and private-label food products. The company's influence extends to the commercial food sector, catering to restaurants and global food service operations across approximately 50 locations worldwide.
Within its portfolio, Conagra boasts notable brands like Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Reddi-Wip, and Slim Jim, alongside emerging brands such as Angie's, BOOMCHICKAPOP, Duke's, Earth Balance, Gardein, and Frontera. The company strategically focuses on enhancing profitability through rapid expansion of both branded and private label offerings, achieved via relentless innovation. Conagra responds adeptly to consumer preferences, crafting clean-label, nutritious products that align with evolving tastes and demands.
Further bolstering its market presence are subsidiaries like Pinnacle Foods, Ralcorp Holdings, Inc., Blake's All Natural Foods, and Frontera Foods. Competing with industry giants like General Mills, The Kraft Heinz Company, and Kellogg, Conagra maintains its stature as a major player by leveraging its comprehensive product portfolio and commitment to innovation and efficiency.
In July 2023, Conagra Brands, Inc. introduced a groundbreaking product under the Birds Eye brand. This launch marks a significant advancement in the frozen vegetable market, as Birds Eye not only offers the convenience and nutritional benefits of frozen veggies but also introduces an unprecedented level of innovation—three times more than competitors in the past three years. These new products redefine the role of vegetables, transcending their traditional identity as side dishes to be enjoyed as appetizers, snacks, versatile accompaniments, or meal enhancements.
GRUPO BIMBO (Mexico):
GRUPO BIMBO is a multinational baking company with a strong global presence. Specializing in the development, production, and marketing of bakery products, the company operates in 32 countries across the Americas, Europe, and Asia. Grupo Bimbo's product portfolio encompasses seven distinct categories, including packed bread, sweet baked goods, cookies, salty snacks, solutions, pre-packaged foods, and confectionery. Their bakery products range from bread and rolls to sweet baked goods, tortillas, snacks, confectionery, and corn-based products.
GRUPO BIMBO markets an array of well-recognized brands, including Bimbo, Lara, Barcel, Marinela, Ricolino, Coronado, Suandy, Tia Rosa, Clever, Chocolates La Corona, El Globo, Lonchibon, Milpa Real, and Del Hogar. The company boasts an extensive production network, with 83 plants in North America, 38 in Mexico, 33 in Latin America, 24 in Europe, 14 in Asia, and 5 in Africa.
With a vast distribution network comprising more than 58,000 routes, GRUPO BIMBO effectively reaches consumers worldwide. Their diverse product portfolio spans over 100 brands, solidifying their position as a global leader in the baking industry.
The company's subsidiaries further contribute to its global reach and operational excellence. Notable subsidiaries include Barcel (Mexico), Panrico, SAU (Spain), East Balt Bakeries (US), Bakery Donuts Portugal, LDA (Portugal), and Manhattan Group (China). In the competitive landscape of the baking industry, GRUPO BIMBO's extensive international footprint and diverse product offerings position it as a significant player with a strong global presence.
In October 2022, GRUPO BIMBO acquired St. Pierre Groupe which is a United Kingdom-based baker of premium brioche-style products with a growing presence in the United States. This acquisition will help to grow the business of the company as it offers a good product line for frozen bakery products.
Nestle (Switzerland):
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Nestle, a global leader in the food and beverage industry, boasts a diverse portfolio of over 2,000 brands, extending its reach across continents. Alongside its core operations, Nestle also ventures into pharmaceuticals. Its wide array of products encompasses beverages, dairy items, ice creams, prepared dishes, and pharmaceuticals, catering to consumers worldwide. With a presence in 189 countries and manufacturing facilities in 85, Nestle's international footprint is unmistakable. The company operates through seven key segments: powdered and liquid beverages, milk products and ice cream, nutrition and healthcare, prepared dishes and cooking aids, confectionery, water, and pet care. Nestle's subsidiaries include renowned names like Nespresso, Gerber Products Company, Galderma SA, Nestlé Waters, Chocolates Garoto S.A., and Svitoch. In a competitive landscape where rivals such as Lantmannen Unibake, Associated British Foods Plc, and Unilever abound, Nestle stands tall.
In April 2023, Nestle partnered with private equity firm PAI Partners to establish a joint venture focusing on Nestlé's frozen pizza businesses in Europe. Headquartered in Germany, with operational hubs in Nonnweiler, Germany, and Benevento, Italy, the venture awaits regulatory approval, expected in the latter half of 2023. While this venture will exclusively manage Nestlé's European pizza presence, its North American endeavors will remain autonomous. Through this collaboration, Nestle aims to optimize its European pizza business, underscoring its commitment to industry growth and delivering premium pizza choices for consumers and retailers alike.
General Mills Inc. (US):
General Mills is a multinational food company known for its wide range of products, including frozen foods. Its offerings often include frozen meals, snacks, and desserts under various brand names.
Unilever (UK):
Unilever produces a range of frozen food products, particularly in the ice cream and frozen dessert categories, through brands like Ben & Jerry's and Magnum. The company also offers savory frozen food options in some markets.
Kellogg Co. (US):
While Kellogg is well-known for its breakfast cereals, it also produces frozen breakfast items such as waffles, pancakes, and breakfast sandwiches. These products are often marketed under brands like Eggo.
McCain Foods Limited (Canada):
McCain Foods is a global leader in the frozen potato product market, offering a variety of frozen potato products, including fries, hash browns, and potato wedges, among others.
The Kraft Heinz Company (US):
The Kraft Heinz Company produces a range of frozen food products, including frozen meals, snacks, and appetizers, under brands like Smart Ones, Devour, and Ore-Ida.
Associated British Foods plc (UK):
While primarily operating in the retail, sugar, and agriculture sectors, Associated British Foods also has a presence in the frozen food market. The company's frozen food offerings include products like frozen bread and pastries.
Ajinomoto Co. Inc. (Japan):
Ajinomoto is a global food and seasoning company, and while it's primarily known for its seasonings and processed food products, it also offers frozen food options. This includes frozen meals, appetizers, and snacks, particularly in Asian markets.