Refrigerated and frozen food manufacturers are driving sales through innovation, product development and meeting the needs of consumers in new ways.
Frozen foods sales increased by about 8% overall in 2022, and were 31% over 2019 pre-pandemic levels, according to NielsenIQ. Globally, the frozen food market is projected to grow at a compound annual growth rate (CAGR) of over 6%, climbing to $600 billion by 2032, according to a report by Future Market Insights. North America is estimated to account for one-third of the global frozen food market, projected to grow at a 3.5% CAGR.
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