From dairy-free offerings and meat alternatives to refrigerated meal kits and produce packs, the refrigerated foods industry continues to reinvent itself.

And, 2020 will be the year where refrigerated foods reign supreme.

Think regenerative agriculture, single-serve packaging, prebiotics, probiotics, CBD-infused, protein-packed and sustainability-driven new product development.

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Dairy

Dips & Spreads

Fruit & Veg

Meat & Poultry

Prepared Foods

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Think new flavors, new labeling and new categories.

Here’s Refrigerated & Frozen Foods’ Top 25 Refrigerated Foods Processors report, a list of the Top 5 refrigerated foods processors broken down by category (entrées/sides/prepared foods, meat/poultry/seafood, dairy, fruits/vegetables and dips/spreads). Processors are ranked by annual net sales and listings.

Companies that appear in more than one category are marked with an (*) by the company name. For those companies that didn’t respond or declined to release figures, estimated sales numbers, which are marked with an asterisk (*), are based on company reports, news releases, market analysts’ reports, industry media and more.

 This report represents Refrigerated & Frozen Foods’ best efforts to reflect sales from all refrigerated channels.

Sales figures and estimates are based on company reports, news releases, market analysts’ reports, industry media and more. Figures exclude shelf-stable products, but may include non-refrigerated sectors, as some companies do not separate refrigerated sales from frozen. Bag salad sales exclude raw produce. Prepared foods sales include prepared dishes and salads. Fruits and vegetables exclude juice.



Dairy: Dairy-free innovation leads the way

Sales of milk dropped by around $1.1 billion since last year, with the net sales in 2018 amounting for $13.6 billion, compared to $14.7 billion in 2017, according to the Dairy Farmers of America (DFA), Kansas City, Kan.

On the other hand, the market for dairy alternatives was valued at around $11.9 billion in 2017, and is estimated to be worth over $24 billion by 2025.

That’s because non-dairy products are taking over the dairy category.

For instance, non-dairy milk moved from the No. 10 to No. 8 spot in New York-based Pollock Communications’ annual survey. Meanwhile, dairy alternatives, oat and nut-based milks in particular, will continue to reign in 2020, according to New York-based Specialty Food Association’s specialty food predictions.

Find out how dairy-free innovation helps these Top 5 dairy processors experience growth.

Significant events in 2019

  • Saputo acquired Dairy Crest Group plc, as well as the specialty cheese business of Lion-Dairy & Drinks Pty Ltd. Saputo Cheese refreshed the packaging for its Frigo Cheese Heads string cheese. Saputo also began construction of a new state-of-the-art fluid milk manufacturing facility in Canada, and has taken steps to optimize operations by closing facilities in Courtenay, British Columbia, Canada; Fond du Lac, Wis.; and Dresser, Wis.
  • General Mills signed a virtual 15-year power purchase agreement with Roaring Fork Wind, LLC, a joint venture partnership between Renewable Energy Systems and Steelhead Americas, for 200 megawatts of its Maverick Creek wind project. General Mills also collaborated with Foremost Farms USA on a 3-year pilot program that produced a combined 11% reduction in greenhouse gas (GHG) emissions for 16 dairy farmers in Michigan. Additionally, General Mills joined 10 private-sector companies and non-profit organizations to form the Ecosystem Services Market Consortium to promote land stewardship. The company’s 2019 Global Responsibility Report further outlines its approach to creating environmental, social and economic value in the countries where it operates. General Mills’ chairman and CEO Jeff Harmening was elected new chairman of the board for the Grocery Manufacturers Association.
  • Kraft Heinz’ evolv group introduced an artificial intelligence-powered app called Meal Hero that’s poised to transform the way people plan, shop and cook their meals. Kraft Heinz also launched what is said to be the largest on-pack intelligent packaging program.
  • Dean Foods filed for bankruptcy, and announced plans to possibly sell to the Dairy Farmers of America.
  • Conagra Brands announced plans to build The Conagra Brands Center for Food Design, located next to its existing Chicago headquarters in The Merchandise Mart. The new 40,000-square-foot innovation center will focus on innovation related to snacking.

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Dips & Spreads:--How refrigerated dips category scoops up big growth

Refrigerated dips are scooping up big sales, with total U.S. multi-outlet sales of refrigerated pourable salad dressings up 3% to reach $425.8 million in sales for the 52 weeks ending June 16, 2019, according to IRI. Meanwhile, refrigerated dips gained 8.3% for $1.1 billion in sales for the same time period.

And, data from Chicago-based SPINS finds the $11.2 million refrigerated plant-based dips category growing at 91%.

Here’s how the Top 5 players in this category play a major role in increased sales.

Changes to the report:

  • Added T. Marzetti Co. to the report.
  • As a result, omitted Cedar’s Foods.

Significant events in 2019

  • Sabra Dipping Co. opened Whirled Peas, a limited-time pop-up experience reimagining the hummus as inspired by global culture and cuisine. Sabra also released a study that revealed the average American only eats breakfast three times a week.

Significant events to come in 2020

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Fruits & Vegetables: Fresh fuels growth in produce aisles

Transparency and sustainability remain the key driving forces of growth in fresh foods. And, U.S. retailers of all types are seeing upticks in everything from pre-made food offerings to meal kits, according to study this produced by Nielsen, Chicago. which sits within the broader topic of transparency, is becoming increasingly important to many consumers. Case in point: a study produced by Nielsen, Chicago, reveals a 20% increase in sustainable product sales since 2014.

Pre-cut, packaged or seasoned products have been some of the biggest and most consistent sources of growth in the produce department over the past few years, according to this Nielsen study.

Find out how the Top 5 players in this category utilize sustainable measures to drive progress in fresh food operations.

Changes from last year’s report

  • Danone North America sold Earthbound Farm; is no longer in the fresh produce category.
  • Add Earthbound Farm to the report.

Significant events in 2019

  • Taylor Farms acquired Earthbound Farm from Danone SA. Meanwhile, an Earthbound Farm study found that today’s organic shoppers are more mainstream and diverse than most contemporary stereotypes of pro-organic shoppers.
  • Fresh Del Monte Produce released its 2019 sustainability report, which focused on further reducing its emissions footprint, achieving carbon neutrality across more of its operations and partnering with other organizations to multiply its impact.
  • The Bonduelle Group acquired the industrial assets of the LLC SHOCK frozen vegetable production company located in Belgorod, Russia, and acquired Seneca Foods’ Lebanon, Pa., plant. Meanwhile, Bonduelle Fresh Americas (formerly known as Ready Pac Corp.) was named Refrigerated & Frozen Foods’ 2019 Refrigerated Foods Processor of the Year. Bonduelle Fresh Americas also installed an energy-efficient cogeneration system at the company's Irwindale, Calif., headquarters production plant.

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Meat, Poultry & Seafood: Meat processors embrace plant-based trend, experience category growth

If you can’t beat them, join them, and that’s clearly the stance many of today’s traditional meat processors have taken. That’s because in addition to their core product lines, they’ve also developed plant-based and meat alternative SKUs to cater to the every consumer. And, they don’t stop there. They’ve also incorporated alternative energy, sustainable farms and automated production lines to improve carbon footprint and meet sustainable goals.

Find out how the Top 5 players in this category are revolutionizing the market one plant-based product at a time.

Significant events in 2019

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Entreés, Sides, Prepared Foods: Fresh, convenience provide one-stop-shop for chilled sandwiches, breakfast items and more

From fresh and convenient to pre-packaged and grab-and-go, today’s consumers seek a one-size-fits-all approach when it comes to refrigerated foods.

In fact, 69% of respondents enjoy eating “breakfast for dinner.” The survey, conducted by OnePoll, UK, on behalf of Avocados from Peru, based in Peru, also revealed that top of the list was eating something quick to make (46%), healthy (45%) or full of nutrients (39%), followed by food that tastes good (39%) or that’s fresh (34%).

Here’s how the Top 5 players in this category innovate for the future.

Significant events in 2019

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The Reports

Rank Company Name HQs Top Executive 2018-2019 Sales FY End Product No. of Plants
1 Kraft Heinz Co.* Chicago, IL., Pittsburgh, PA Alex Behring, chairman $26.3B(a)** 12/31/2018 Cheese, cream cheese, sour cream, cottage cheese 16
2 General Mills* Minneapolis, MN Jeff Harmening, chairman, CEO $16.9B** 5/30/2019 Yogurt 2
3 Conagra Brands, Inc.* Chicago, IL Sean Connolly, president, CEO $9.54B(**) 5/31/2019 Butter, eggs, egg substitutes 10
4 Saputo, Inc. Canada Lino Saputo, Jr., chairman, CEO $8.6B** 3/31/2019 Yogurt, cheese, creamers, milk N.A.
5 Dean Foods Dallas, TX Ralph Scozzafava, CEO $7.7B(b)* 12/31/2018 Milk, cultured products, teas, juice 67

*Company declined to confirm. Company-wide**. (a)Global sales figure. (b)Excludes frozen foods.

Rank Company Name HQs Top Executive 2018-2019 Sales FY End Product No. of Plants
1 Hormel Foods Corp.* Austin, MN Jim Snee, chairman, president, CEO 9.5B** 10/30/2019 Dips, spreads 34
2 Reser's Fine Foods* Beaverton, OR Mark Reser, CEO $1.2B(*)** N.A. Dips, spreads 13
3 T. Marzetti Co.(1) Westerville, OH Jay Gerlach, chairman $1.2M(*)** N.A. Salad dressing, dips 1
4 Sabra Dipping Co., LLC(2) White Plains, NY Tomer Harpaz, CEO $384M* N.A. Dips, spreads 1
5 Sandridge Food Corp. Medina, OH Mark Sandridge, CEO $150M* N.A. Dips, spreads 2

*Company declined to confirm. **Company-wide. (1)Unit of PepsiCo/Strauss Group Joint venture.

Rank Company Name HQs Top Executive 2018-2019 Sales FY End Product No. of Plants
1 Dole Food Co. Westlake Village, CA David Murdock, chairman, CEO $4.5B(*)** 12/31/2018 Fresh-cut vegetables, packaged salad 5
2 Fresh Del Monte Produce Inc. Coral Gables, FL Mohammad Abu-Ghazaleh, chairman, CEO $4.1B** 12/28/2018 Fresh-cut fruits, vegetables 14
3 Bonduelle Fresh Americas(1) Irwindale, CA Mary Thompson, CEO $3.2M(a)** 6/30/2019 Fruits, vegetables, packaged salad, salad kits 4
4 Chiquita Brands LLC(2) Fort Lauderdale, FL Andrew Biles, president, CEO $3.1B(*)** 12/31/2018 Fresh-cut salad, fruit snacks 5
5 Earthbound Farm(3) Salinas, CA Deverl Maserang, president, CEO $400M* N.A> Fresh-cut salad, packaged salad, salad kits 1

*Company declined to confirm. **Company-wide. (1)Unit of Cutrale-Safra Group. (3)Unit of Taylor Farms. (a)Includes parent company as a whole.

Rank Company Name HQs Top Executive 2018-2019 Sales FY End Product No. of Plants
1 Tyson Foods Inc. Springdale, AR Noel White, CEO $424B(*)** 9/28/2019 Chicken, beef, pork, processed meats 120
2 JBS USA Food Co.(1) Greeley, CO Andre Nogueria, CEO $37B(a)** 12/25/2018 Beef, pork, processed meats 94
3 Cargill Protein(2) Wichita, KS Brian Sikes, president $20B 5/31/2019 Processed meats, pork, chicken 36
4 Smithfield Foods, Inc.(3) Smithfield, VA Kenneth Sullivan, president, CEO $15B(*)** 12/31/2018 Pork, poultry, processed meats 45
5 Hormel Foods Corp.* Austin, MN Jim Snee, chairman, president, CEO $9.5B** 10/30/2019 Pork, turkey, processed meats 34

*Company declined to confirm. **Company-wide. (1)Unit of Cargill, Inc. (3)Unit of WH Group Ltd. (a)Includes beef, pork, poultry (Pilgrim's) and processed meats.

*Company declined to confirm. **Company-wide. (a)Global sales figure.

Rank Company Name HQs Top Executive 2018-2019 Sales FY End Product No. of Plants
1 Kraft Heinz Co.* Chicago, IL., Pittsburgh, PA Alex Behring, chairman $26.3B(a)** 12/31/2018 Lunch combinations 16
2 General Mills* Minneapolis, MN Jeff Harmening, chairman, CEO $16.9B** 5/30/2019 Breakfast items 3
3 Conagra Brands, Inc.* Chicago, IL Sean Connolly, president, CEO $11.64B(*)** 5/31/2019 Side dishes 10
4 Hormel Foods Corp.* Austin, MN Jim Snee, chairman, president, CEO $9.5B** 10/30/2019 Side dishes, sandwiches 34
5 Reser's Fine Foods, Inc.* Beaverton, OR Mark Reser, CEO $1.2B(*)** N.A. Deli salads, side dishes, dips/spreads 13

* Company declined to confirm. ** Company-wide. (1)Unit of Danone. (2)Unit of Bonduelle. (3)Unit of Cutrale-Safra Group. (a)Includes parent company as a whole.