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2024 U.S. Industry Statistics & Market Forecast - Packaged Frozen Food Merchant Wholesalers


Market Size & Industry Statistics

The total U.S. industry market size for Packaged Frozen Food Merchant Wholesalers: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Packaged Frozen Food Merchant Wholesalers industry is currently experiencing various trends that are having a significant impact on the market. Some of the key trends include increased demand for convenience food due to busy lifestyles and a growing demand for healthier options with natural ingredients.

Another significant trend is technological advancements that have led to more efficient cold storage and making online ordering more accessible. The growth of e-commerce has also played a massive role in the industry with clients easily accessing products from anywhere.

The industry's market competition is also driving down prices and forcing wholesalers to innovate on the most cost-effective methods of distribution. With the rise of flexible packaging, companies can reduce their environmental impact by reducing packaging waste while still delivering frozen food products.

Furthermore, due to the COVID-19 pandemic, the industry has witnessed an increase in home cooking, leading to higher sales of frozen foods, as consumers looked for ways to create healthy meals at home. Wholesalers' ability to adapt to the changing market demands has been critical in this extended period of uncertainty, resulting in more robust growth and expansion opportunities.

In conclusion, the Packaged Frozen Food Merchant Wholesalers industry is continually evolving with trends such as increased demand for healthier products, e-commerce growth, technological advancements, cost-effective methods of distribution, and a focus on environmentally responsible packaging. To maintain market leadership, companies need to stay up to date with these trends while developing innovative products and services.



Product & Services Breakdown

Research products and services in the Packaged Frozen Food Merchant Wholesalers industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Restaurant And Hotel Equipment And Supplies

Paper And Plastic Products

Packaged Frozen Food

Frozen Meals

Frozen Fish And Seafood Products

Frozen Vegetables

Frozen Fruits And Fruit Juices

Frozen Meat Products

Frozen Baked Goods

Other Frozen Foods, Excluding Frozen Dairy Products

Frozen Poultry Products

Dairy Products, Excluding Dried, Canned, Condensed, And Evaporated Dairy Products

Butter

Cheese

Milk And Cream, Excluding Raw Milk And Cream

Ice Cream And Other Frozen Dairy Products

Other Dairy Products

Yogurt

Eggs, Poultry, And Poultry Products, Excluding Canned And Frozen Poultry Products

Confectioneries, Including Candy, Nuts, Chips, And Popcorn

Fish And Seafood, Excluding Canned And Frozen Fish And Seafood

Fresh Meat And Meat Products

Beef Not Slaughtered On Location

Pork Not Slaughtered On Location

Sausage And Prepared Meats Not Made On Location

Other Meat And Meat Products, Including Bison, Venison, Deli (Sliced) Meats, And Edible Organs

Fresh Fruits And Vegetables

Coffee, Tea, And Powdered Drink Mixes

Bread, Baked Goods, And Baking Ingredients

Bread And Rolls

Cookies And Cakes

Cooking Oils And Margarine

Flour

Refined Sugar

Spices

Baking Mixes And Dough

Other Baked Goods, Including Crackers

Nonperishable (Canned And Packaged) Food

Nonperishable (Canned And Packaged) Fruits And Vegetables

Nonperishable (Canned And Packaged) Fish And Seafood

Pickles And Olives

Preserves, Jellies, Jams, Peanut Butter, And Honey

Sauces, Salad Dressing, Dips, And Vinegar

Condiments

Soup

Other Nonperishable (Canned And Packaged) Food, Including Nonperishable Poultry Products

Soft Drinks, Bottled Water, Juices, And Nonalcoholic Beverages

Food And Beverage Basic Materials, Including Flavoring Extracts, Fruit Peel, Sausage Casings, Hop Extract, Malt, And Yeast

Grocery Specialties

Breakfast Cereals And Bars

Pasta

Rice

Other Grocery Specialties

Grains, Beans, And Seeds

Chemicals And Allied Products, Excluding Agricultural Chemicals, Plastics, Industrial And Natural Gases, Liquefied Petroleum (Lp

Miscellaneous Commodities



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Packaged Frozen Food Merchant Wholesalers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Packaged Frozen Food Merchant Wholesalers industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Packaged Frozen Food Merchant Wholesalers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 9%

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Chief Executives0%
General and Operations Managers4%
Business and Financial Operations Occupations 6%
Sales and Related Occupations 18%
Sales Representatives, Wholesale and Manufacturing 14%
Sales Representatives, Wholesale and Manufacturing 14%
Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products 12%
Office and Administrative Support Occupations 14%
Production Occupations 5%
Transportation and Material Moving Occupations 36%
Motor Vehicle Operators 15%
Driver/Sales Workers and Truck Drivers 15%
Heavy and Tractor-Trailer Truck Drivers 8%
Material Moving Workers 19%
Laborers and Material Movers 17%
Laborers and Freight, Stock, and Material Movers, Hand 8%
Stockers and Order Fillers 7%
Source: Bureau of Labor Statistics


Packaged Frozen Food Merchant Wholesalers Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Packaged Frozen Food Merchant Wholesalers industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Packaged Frozen Food Merchant Wholesalers industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Packaged Frozen Food Merchant Wholesalers industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Packaged Frozen Food Merchant Wholesalers

  • Feb 20, 2024: L.A. FOODS, LLC (Agoura Hills, CA) awarded $18,796