Corporate Profiles - 2023 - 25

LEADING FROZEN
LEADING READY-TO-SERVE
pizza vendors
1 Nestle USA, Inc.
2 Schwan Food Co.
3 General Mills, Inc.
4 Palermo Villa, Inc.
5 Bernatello's Foods, Inc.
6 Home Run Inn
7 Newman's Own, Inc.
8 Caulipower
9 Amy's Kitchen, Inc.
Private label
Total
LEADING FROZEN
pizza brands
1 DiGiorno
2 Red Baron
3 Totino's
4 Jack's
5 Tombstone
6 Freschetta
7 California Pizza Kitchen
8 Screamin' Sicilian Pizza Co.
9 Home Run Inn
Private label
Total
% change
from
Dollar sales
$1,355,392,141
$1,256,530,840
$466,428,317
$382,374,334
$249,089,057
$238,336,581
$226,428,650
$150,948,244
$134,653,130
$797,366,038
$6,670,342,911
year ago
-2.8%
24.1%
20.1%
19.5%
10.4%
12.2%
2.2%
48.8%
7.7%
7.6%
8.7%
% change
from
Dollar sales
$2,387,155,177
$1,569,616,799
$466,428,317
$258,457,914
$201,014,400
$134,653,130
$114,571,460
$75,170,025
$67,460,585
$791,366,038
$6,670,342,911
year ago
2.2%
19.6%
20.1%
40.0%
8.2%
7.7%
9.9%
-7.6%
-6.0%
7.6%
8.7%
soup vendors
1 General Mills, Inc.
2 Campbell Soup Co.
3 Amy's Kitchen, Inc.
4 Pacific Foods of Oregon, Inc.
5 Rao's Specialty Foods, Inc.
6 Conagra Brands
7 Imagine Foods, Inc.
8 Goya Foods, Inc.
9 Annie's Homegrown, Inc.
Private label
Total
LEADING READY-TO-SERVE
soup brands
1 Progresso
2 Campbell's
3 Amy's
4 Pacific
5 Rao's
6 Imagine
7 Healthy Choice
8 Goya
9 Marie Callender's
Private label
Total
% change
from
Dollar sales
$851,718,576
$818,584,193
$104,548,543
$74,362,167
$40,310,915
$15,492,484
$10,094,996
$9,398,989
$7,532,474
$53,439,360
$2,030,738,064
Data for 52 weeks ended July 16, 2023
Total US - Multi-outlet with C-Store (Supermarkets, Drugstores and Mass Market Retailers, Gas/C-Stores, Military Commissaries and Select Club & Dollar Retail Chains)
Source: Circana OmniMarket Integrated Fresh
section of grocery retailers in the south-central region of the United States.
Astute Analytica, New Delhi, India, forecast the global frozen food
market to have a compound annual growth rate of over 8% from 2022
to 2030, increasing to $505.41 billion from $265.13 billion. The forecast
noted private label products are gaining market share. Consumers
are becoming more health-conscious and increasingly looking for
organic, natural and non-GMO options, according to Astute Analytica.
In the United States, sales are increasing for frozen food items that
target trends like gluten-free, low-carbohydrate and high-protein, according
to the American Frozen Foods Institute, Arlington, Va.
" Looking ahead, several frozen tailwinds exist starting with family
formation, " said Sean M. Connolly, president and CEO of Conagra
Brands, in a Feb. 21 presentation at the Consumer Analyst Group of
New York Conference in Boca Raton, Fla. " Yes, millennials and Gen Zs
are settling down. They're beginning to have kids. When that happens,
their frozen consumption per category goes up. When they have more
kids and more kids, it goes up and up again. That's a tailwind.
Corporate Profiles
" Additionally, we believe that the shift to at-home eating and the
shift to remote working will remain elevated versus pre-pandemic,
and that's good for business. "
Mr. Connolly pointed to data from Circana, a Chicago-based market
research firm, showing Conagra Brands, which owns brands such as
Birds Eye, Marie Callender's, Healthy Choice and Banquet, is the largest
player in frozen food in the United States with $6.5 billion in sales
for the 52-week period ended Dec. 25, 2022.
US retail sales of single-serve, frozen dinners/entrees rose 4.5% to
$6.12 billion in the 52-week period ended July 16, 2023, according
to Circana. Unit sales fell 9% to 1.76 billion. Results were similar
in frozen handheld entrees (non-breakfast), with sales up over 9%
to $3.77 billion and unit sales down nearly 7% to 728 million, and
multi-serve frozen dinners/entrees, with sales up 8% to $2.66 billion
and unit sales down 4.7% to 302 million.
Inflation was sparking frozen pizza sales, according to data from
market research company Vericast, San Antonio, which found 13%
Milling & Baking News * Food Business News * Baking & Snack * Meat+Poultry * Dairy Processing * Pet Food Processing
October 2023 / 25
year ago
3.8%
2.8%
0.4%
29.2%
26.3%
-11.6%
1.4%
12.1%
13.8%
-0.6%
3.8%
% change
from
Dollar sales
$851,718,576
$818,584,193
$104,548,543
$74,362,167
$40,310,915
$24,005,067
$15,492,484
$9,398,989
$5,930,761
$53,439,360
$2,030,738,064
year ago
3.8%
2.8%
0.4%
29.2%
26.3%
1.2%
-11.6%
12.1%
-13.8%
-0.6%
3.8%
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Corporate Profiles - 2023

Table of Contents for the Digital Edition of Corporate Profiles - 2023
