North America Frozen Food Packaging Market Size

North America Frozen Food Packaging Market Analysis

The North American frozen food packaging market is expected to register a CAGR of 7.30% over the forecast period 2021-2026. As frozen items involve less time and effort than traditional home-cooked meals, the growing customer desire for convenience meals indirectly encourages the growth of frozen product demand. Due to customers' busy lifestyles, the processed food business is driven by a higher need for convenience. As a result, demand for frozen foods soars.

• The way people buy groceries has changed tremendously. More consumers than ever before are shopping online for food, looking for convenient and safe food options. To meet how consumers want to purchase, retailers offer various order fulfillment alternatives, such as competitive pricing, curbside pickup, home delivery, food delivery smartphone apps, and pick up at a remote location. Retailers are vying for consumer recall value and mindshare in rural, tier I, and tier-II areas, are seeking ways to make their promotional programs as appealing as possible. Thus, increasing various opportunities for grocery retailers that significantly influence the frozen food demand in the region.
• Based on numerous significant variables, including frozen food makers supplying that fit customers' nutritional demands, the American Frozen Food Institute anticipates that frozen foods will continue to rise far beyond 2021. From plant-based meals to immunity-boosting foods to customized nutrition, frozen food innovation demonstrates to customers that there is something for everyone in the freezer case that speaks to today's diverse lives.
• The major categories of packaged food are bakery products and frozen processed food. Some of the emerging categories in this sector are frozen ready-to-eat foods. Storage life can be extended notably by making storage temperatures colder. Consumer expectations of food quality are rising.
• The COVID-19 epidemic has altered people's purchasing habits and what they buy. Foods that are frozen are a great illustration of this. Consumers are significantly reaching for frozen foods that are being sought after for breakfast, lunch, and supper, as they give relief from the routine of preparing three meals a day for a family. According to a survey from the Food Industry Association (FMI) and American Frozen Food Institute, the category has grown fast over the last year, with revenues increasing by 21% in 2020 and volume increasing by more than 13%.