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The global frozen food market was valued at $122.1 billion in 2013, and is expected to grow at a CAGR of 3.6% from 2014-2020, reaching an estimated value of $156.4 billion in 2020, according to a new market report published by Persistence Market Research, New York.
From frozen pizza to frozen vegetables and spinach, consumers in different states are conducting Google searches on different frozen foods, according to research conducted by the INSIDER Data team, New York, and Google News Labs.
Reser’s Fine Foods, Beaverton, Ore., announced plans to expand its Halifax, N.C., manufacturing plant, which produces Don Pancho brand Mexican products.
Southeastern Meats, a Birmingham, Ala.-based distributor of frozen vegetables and specialty items under the Southeastern Meats Pick 5 brand, acquired the Signature Pick 5 and Signature Select brands of frozen foods from Signature Food Marketing LLC, Pendergrass, Ga.
The global market for frozen processed food was $57.50 billion in 2014, and will be worth $69.11 billion by 2021, exhibiting a CAGR of 2.7%, according to a report published by Transparency Market Research, Albany, N.Y.
Hearthside Food Solutions, Downers Grove, Ill., acquired Greencore USA, a Downers Grove, Ill.-based frozen contract packager and producer of refrigerated, fresh-made sandwiches, entrées and salad kits.