KANSAS CITY โ As more people spend their days on-the-go, frozen meal options have become a convenient solution. Food manufacturers increasingly are innovating within the frozen meal category, with quick-and-easy eats that donโt sacrifice health.
In 2023, the worldwide frozen ready meals market is valued at $51.5 billion, and it is expected to grow at a CAGR of 8.6% and reach $122.4 billion by 2o33, according to a May 3 report from Future Market Insights (FMI).
This summer has seen several companies expand their frozen food portfolios. Conagra Brands, for example, tapped into trending flavors and added more than 50 new products to its portfolio.
Dairy co-operative Tillamook County Creamery Association expanded into the frozen meal category with the launch of its frozen macaroni and cheese and frozen pizza.
Clean label seafood alternative company Konscious Foods made its way to the frozen aisle with plant-based frozen sushi rolls, poke bowls and onigiri, which are stuffed rice snacks. On Aug. 1, the startup raised $26 million in seed funding to expand its retail and foodservice businesses, support operations at its production facility and launch marketing initiatives.
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