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The global frozen foods market was valued at USD 284.2 billion in 2023 and is expected to reach USD 363.7 billion by 2028, growing at a CAGR of 5.1%. 

 One of the key benefits of frozen foods is their extended shelf life compared to fresh alternatives, significantly reducing food waste—a major global concern. Consumers can stock up on frozen products without worrying about spoilage, aligning with sustainability initiatives. 

 The prepared foods sector has grown rapidly in recent years, driven by the fast pace of modern living and increasing consumer demand for convenience. Prepared foods are taking an increasingly important role in the modern catering industry due to their ease of storage, transportation, and operation. However, their processing faces several challenges, including labor shortages, inefficient sorting, inadequate cleaning, unsafe cutting processes, and a lack of industry standards.  

For consumers unaccustomed to empty grocery store shelves, the COVID-19 global pandemic brought new awareness of our dependence on a reliable supply chain. EY professionals helped one prominent frozen-foods producer completely reinvent its supply chain to meet rising demand.  

 From Clarence Birdseye's invention of the quick freezing method to modern-day freezing systems, frozen food companies have continually innovated and delivered a variety of products. Frozen foods have revolutionized the way we store and consume food, offering convenience, longer shelf life, reduced food waste, and global access to year-round nutrition. 

The North American frozen fruits and vegetables market is thriving due to rising health consciousness, convenience demand, and extended shelf life. Innovations in freezing technology enhance nutrient retention, driving consumer preference. Sustainable packaging and organic options further boost market growth. This sector's resilience underscores its critical role in modern diets.

When it comes to the nutritional makeup of food, how it’s stored can make a difference.

While putting leftover rice or pasta in the fridge can create resistant starch and increase potential health benefits, freezing food to reheat later doesn’t necessarily change the food’s nutritional makeup.

According to the United States Department of Agriculture (USDA), there is little change in nutritional value during freezer storage.

On-the-go consumers looking for convenience and nutritious offerings are increasingly turning to the frozen food aisle, where they are purchasing breakfast items and better-for-you offerings.

Frozen food holds a special place in the hearts of Americans, with virtually every household purchasing frozen products at least once a year. The American Frozen Food Institute reports that frozen food sales in the US reached over $72 billion in 2022, a figure that continues to grow.