October 1, 2023

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Millennials drive progress of frozen foods group sparked by desire in premium, challenger manufacturers

Frozen foods profits hit $66.4bn for the 52-7 days interval ending on Dec. 26, 2021, a 1% raise from the prior year, a comparatively drastic slowdown from the practically 100% spike in frozen food stuff sales observed in 2020 vs. 2019 when consumers were being in the thick of stock-up behavior, according IRI gross sales info presented by AFFI in a recent report​ commissioned by frozen meals brand name Saffron Highway. 

The swing in shopper browsing habits resulted in a 19.4% improve in frozen meals paying for every buyer, AFFI located. 

And now, older millennial consumers depict 48% of the main client audience, according to AFFI, and a lot more than 50 percent have stated that frozen foods is equivalent to or greater for you than fresh foodstuff.

For homes in normal, frozen food stuff has grow to be a best priority with 30% of shoppers escalating their freezer potential because the onset of the pandemic, in accordance to AFFI investigate. 

Rediscovery of the frozen foods aisle

“A 94% surge in frozen foodstuff came in mid-March 2020 for clear pandemic-linked motives: usefulness, shelf existence, one-serving options and ease in preparation,”​ stated Saffron Road Meals founder and CEO Adnan Durrani.

“But what buyers new to frozen entrées found was the evolution of frozen food items, the abundance of superior-for-you options and the myriad of innovation and ethnic flavors, equating to sustainable classification advancement.”

The recognizable evolution of the frozen foods aisle, now stocked with world-wide flavors influenced by dishes from India, South The usa, Vietnam, and the Mediterranean, caught the attention of older millennials (people approaching the age of 40).