Frozen foods continue to innovate and resonate with consumers, with a growing number of people able to select their fair share of quality options across all three dayparts.
Research by Future Market Insights reveals that the global frozen ready meals market is estimated to grow at a compounded annualized growth rate of 8.2%, to $89.7 billion during the forecasted period between 2022 to 2032.
Drilling down, frozen chicken and frozen snacks have accounted for more than 60% of the worldwide frozen ready meal market, according to Namrata Naidu, digital marketing executive for Future Market Insights, a global market intelligence and consulting service based in Dubai.
“Many individuals were confined to their houses and [apartments during the pandemic], they were forced to rely on quick and ready-to-eat meals to get by. Diners and other businesses closed as a result of the COVID-19 shutdown and social distancing practices, increasing market demand for frozen ready meals,” Naidu said.
Frozen novelties and desserts have a natural connection with frozen meals, and these varieties are flashing a healthy dose of innovation as well. Consumers are seeking more dairy-free options, according to SPINS data. Plant-based novelties (any treat on a stick, cone or sandwich) grew market share of the total frozen desserts category by 35% in 2021.
Click through for seven recent frozen meals and dessert/novelty items.