The $1.03 billion alt-meat market experienced sharp declines in dollar sales after peaking in 2018 and 2019, which experts have attributed to a combination of factors, including industry consolidation, market oversaturation, and hefty price gaps between meat alternatives and standard products.
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.
One in five consumers who purchase frozen food items usually buy a store-brand product, and that figure is growing, according to “The Power of Frozen 2023” report from the American Frozen Food Institute (AFFI) and FMI – The Food Industry Association.
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.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.