- In April 2023, Nestlé and the private equity firm PAI Partners came to an agreement to establish a joint venture focused on Nestlé's frozen pizza business in Europe. This move aimed to create a specialized player in a highly competitive and constantly evolving market segment. In this joint venture, Nestlé would maintain a minority stake, ensuring equal voting rights in partnership with PAI Partners
- In March 2023, McCain Foods, the global leader in frozen potato products manufacturing, made a significant announcement of a substantial investment totaling USD 438.4 million. This investment is directed towards the expansion and doubling in size of its potato processing plant located in Coaldale, Alberta. This strategic move is expected to foster continued growth for the company, strengthening its ability to cater to key markets
- In 2021, Nomad Foods announced an agreement with Fortenova Grupa d. d. to acquire Fortenova's Frozen Food Business Group (FFBG) in cash for USD 724 million in order to expand its product portfolio, as FFBG offers a wide range of frozen meals and has a large distribution channel in Eastern Europe
- In June 2022, Conagra Brands Inc. launched its extensive summer line products in 2021 to provide manufacturers inside single-serve frozen meals and collect brands with new Banquet, Marie Callender's, Wholesome Alternative, and Hungry Man dishes. Conagra's mission is to please customers by providing nutritious frozen foods
Frequently Asked Questions
Companies such as The Hain Celestial Company (U.S.), AGRARFROST GMBH & CO. KG (Germany), Agristo (Belgium), Bart’s Potato Company bvba (Belgium), and THE KRAFT HEINZ COMPANY (U.S.), are the major companies in the frozen foods market.
The countries covered in the frozen foods market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and rest of Middle East and Africa.
