NAICS 311412 - Frozen Specialty Food Manufacturing
This U.S. industry comprises establishments primarily engaged in manufacturing frozen specialty foods (except seafood), such as frozen dinners, entrees, and side dishes; frozen pizza; frozen whipped topping; and frozen waffles, pancakes, and french toast.
Industry trends:
The frozen specialty food manufacturing industry (NAICS 311412) has been experiencing significant qualitative trends. One major trend is the increasing consumer demand for convenience and ready-to-eat meals, which has driven innovation in product variety and packaging. Companies are focusing on healthier options, including organic, gluten-free, and plant-based frozen foods, to cater to health-conscious consumers. Sustainability is also a key trend, with manufacturers adopting eco-friendly packaging and sourcing methods.
Technological advancements are reshaping the industry, with automation and AI being integrated into production processes to enhance efficiency and reduce costs. E-commerce growth is also impacting distribution channels, with more companies exploring direct-to-consumer models and leveraging online platforms for sales and marketing.
Forecasts for the near future suggest that these trends will continue. The market for frozen specialty foods is expected to expand, driven by ongoing lifestyle changes and the growing appeal of convenient, yet nutritious meal solutions. Investment in sustainable practices and technology will likely remain a priority as companies strive to meet consumer expectations and regulatory requirements. Overall, the industry is poised for growth, with innovation and adaptation being critical to capturing market share.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.