The frozen aisle, once associated with budget meals and convenience snacks, is now a key driver of growth in the plant-based sector.
New data indicates that the global plant-based frozen food market will more than double in value over the next decade, from approximately $5 billion in 2024 to over $12 billion by 2034.
This growth reflects the broader transformation of the plant-based industry, which is currently valued at $44.3 billion and projected to reach $123.1 billion by 2031.
Today’s shoppers are not just looking for ethical alternatives; they’re looking for smart convenience.
The category's rise is driven by a shift in consumer priorities, with consumers seeking convenient and ethical options.
Author's summary: Frozen plant-based foods to double in value by 2034.