The frozen aisle is emerging as a dynamic growth engine for the plant-based sector, with the global plant-based frozen food market expected to more than double in value by 2034.
New data indicates that the market will climb from around $5 billion in 2024 to over $12 billion by 2034, reflecting the wider transformation of the plant-based industry, now valued at $44.3 billion and forecast to reach $123.1 billion by 2031.
The category's rise is being powered by a shift in consumer priorities, with shoppers seeking not only ethical alternatives but also smart convenience.
Today’s shoppers are not just looking for ethical alternatives; they’re looking for smart convenience.
The plant-based industry is undergoing significant growth, driven by changing consumer demands.
Author's summary: Plant-based frozen foods to double in value by 2034.