Refrigerated foods and the many subcategories they represent were among the bright spots in 2022, as consumers sought more value for their dollar and continued to dine and entertain at home more often.

The U.S. food and beverage market grew by about 8% last year, far exceeding historic norms, according to IRI, a Chicago-based data analytics and market research company.

Sales of refrigerated dairy products, fresh and organic meats and deli and prepared foods all saw increases in consumer spending in 2022, despite inflationary pressure.

An IRI Shopper Survey conducted last fall found that 94% of respondents said they are concerned about food cost inflation and more than three-quarters said they are making changes – such as looking for sales or cutting back on non-essentials – to curb food spending.

Below is Refrigerated & Frozen Foods’ Top 25 Refrigerated Foods Processors Report, a list of the Top 5 companies in each category: Meat & Poultry; Dairy; Dips & Spreads; Fruits & Vegetables; and Entrées, Sides & Prepared Foods. This report represents Refrigerated & Frozen Foods’ best efforts to reflect recent sales data based on annual reports, news releases, and statistics from our sister publications, Dairy Foods and National Provisioner, and other business media sources. Because most companies do not separate refrigerated sales from frozen (or even cold foods from shelf-stable) sales figures are all company-wide. If you work for a company on this list and know the approximate sales data of the refrigerated products your business produces, please contact me to update this page.

Significant Events in Meat & Poultry in 2022

  • Hodie Meats opened a state-of-the-art further processing facility in Alto, Georgia, to serve a national customer base. The all-fresh-meat, USDA-grade facility receives processed chicken from area integrators for portion cutting and co-packing.
  • BELIEVER Meats broke ground on a $123-million production facility in North Carolina, believed to be the world’s largest cultivated meat production center in the world.
  • Godshall’s Meats won the R&FF 2022 Best New Refrigerated Retail Products contest, with its beef bacon product being voted No. 1.
  • Upside Foods became the first company to receive the FDA’s ‘green light’ for cultivated meat.
  • Maple Leaf Foods opened a new poultry plant in Ontario, to meet Canadians’ appetite for chicken, the country’s most consumed and fasted-growing meat protein.
Rank Company Name HQs Top Executive 2021-2022 Company-Wide Sales  FY End Refrigerated Products Total Plants**
1 Tyson Foods Inc. Springdale, AR Donnie D. King, President & CEO $53B 10/3/2022 Poultry, beef, pork, processed meats 123
2 JBS USA Greeley, CO Andre Nogueria, CEO $39.3B 12/31/2022 Beef, pork, processed meats 63
3 Cargill Protein North America Wichita, KS Brian Sikes, President & CEO $20B* 5/31/2022 Pork, poultry, processed meats 36
4 Smithfield Foods, Inc. Smithfield, VA Shane Smith, President & CEO $16B* 12/29/2022 Pork, processed meats 40
5 Hormel Foods Corp. Austin, MN Jim Snee, Chairman, President & CEO $12.4B 10/25/2022 Beef, pork, poultry, processed meats 40

*FY 2022 not available at press time or company declined to confirm figures.
**Not all plants produced refrigerated products.

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Significant Events in Dairy in 2022

  • Specialty Dairy Manufacturers Jackson-Mitchell and Redwood Hill Farm & Creamery merged, forming Darey Brands.
  • V&V Supremo Foods purchased Wisconsin-based Mill Creek Cheese, allowing the company to increase production of its Mexican cheeses and chorizo.
  • Emmi Roth announced plans for a new HQ and cheese conversion facility in Wisconsin.
  • Nestlé unveiled plans for a new $675-million coffee creamer factory in Arizona to support its Coffee mate and Starbucks brands.
Rank Company Name HQs Top Executive 2021-2022 Company-Wide Sales  FY End Refrigerated Dairy Products Total Plants**
1 Nestlé, Zone Americas Arlington, VA/North York, Ontario, Canada/Mexico City, Mexico Laurent Freixe, CEO, Zone Americas $34B* 12/31/22 Milk-based beverages and milk products, coffee creamers 114
2 Kraft Heinz Co. Chicago, IL; Pittsburgh, PA Miguel Patricio, CEO $26.4B 12/31/22 Cheese, cream cheese, sour cream, cottage cheese 80
3 General Mills Minneapolis, MN Jeff Harmening, CEO & Chairman $18.9B 5/31/22 Yogurt  24
4 Saputo Inc. Montreal, Québec, Canada Lino Saputo, Jr., Chairman & CEO $15B 3/31/22 Cheese, milk, cream, butter, yogurt, cottage cheese 47
5 Conagra Brands Chicago, IL Sean Connolly, President & CEO $11.5B 5/31/22 Whipped cream/topping, butter 42

*FY 2022 not available at press time or company declined to confirm figures.
** Not all plants produce dairy products.

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Significant Events in Dips & Spreads in 2022

Rank Company Name HQs Top Executive 2021-2022 Company-Wide Sales FY End Refrigerated Dips & Spreads Products Total Plants*
1 Hormel Foods Austin, MN Jim Snee, Chairman, President & CEO $12.4B 10/24/22 Dips, spreads 40
2 Reser's Fine Foods Beaverton, OR Mark Reser, President & CEO $1.63B* N/A Dips, spreads 13
3 T. Marzetti Co. Westerville, OH Dave Ciesinski, President & CEO $1.7B 6/30/2022 Salad dressing, dips 14
4 Sabra Dipping Co. White Plains, NY Joey Bergstein, President & CEO $300M* 12/26/2022 Dips, spreads 1
5 Sandridge Food Corporation Medinah, OH Mark Sandridge, CEO $225M* 11/30/2022 Dips, spreads 2

*FY 2022 not available at press time or company declined to confirm figures.
**Not all plants produce refrigerated dips and spreads.

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Significant Events in Fruits & Vegetables in 2022

Rank Company Name HQs Top Executive 2021-2022 Company-Wide Sales FY End Refrigerated Products Total Plants**
1 Dole Food Co. Westlake Village, CA Johan Linden, President & CEO $4.7B* 12/31/2022 Fresh-cut produce, packaged salads 5
2 Fresh Del Monte Produce Inc. Coral Gables, FL Mohammad Abu-Ghazaleh, Chairman & CEO $4.5B* 12/28/2022 Fresh-cut produce, packaged salads 24
3 Chiquita Brands LLC Fort Lauderdale, FL Carlos Lopez Flores, President $4B* 12/31/2022 Fresh-cut produce, fruit snacks 5
4 Bonduelle Fresh Americas Irwindale, CA Andrea Montagna, CEO $3.5B* 6/30/2022 Fruits, vegetables, packaged salads 4
5 Taylor Farms Salinas, CA Bruce Taylor, CEO $3B* 12/31/2022 Fresh-cut produce, packaged salads 16

*FY 2022 not available at press time or company declined to confirm figures.
**Not all plants produce refrigerated foods.

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Significant Events in Entrées, Sides & Prepared Foods in 2022

  • Michigan-based Steve’s Mediterranean began distributing its prepared foods, including grape leaves and hummus in Kroger stores.
  • Bob Evans Farms expanded its popular refrigerated side dish line to include two flavors of mashed cauliflower. 
Rank Company Name HQs Top Executive 2021-2022 Company-Wide Sales  FY End Refrigerated Products Total Plants**
1 Kraft Heinz Co. Chicago, IL; Pittsburgh, PA Miguel Patricio, CEO $26.4B 12/31/22 Lunch combinations 80
2 General Mills Minneapolis, MN Jeff Harmening $18.9B 5/31/22 Breakfast items 24
3 Hormel Foods Corp. Austin, MN Jim Snee, Chairman, President & CEO $12.4B 10/24/22 Side dishes, sandwiches 40
4 Conagra Brands Inc. Chicago, IL Sean Connolly, President & CEO $11.5B 5/31/22 Side dishes 42
5 Reser's Fine Foods Inc. Beaverton, OR Mark Reser, President & CEO $1.63B* N/A Deli salads, side dishes, dips/spreads 14

*FY 2022 not available at press time or company declined to confirm figures.
**Not all plants produce prepared foods.

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