What’s more, it’s reported that 99.4% of U.S. And one segment of the packaged food industry is seeing growth unlike any it has seen before: frozen food.įrozen Food Market: Before The CoronavirusĪccording to the 2019 “Power of Frozen” report from the American Frozen Food Institute (AFFI) and FMI (The Food Industry Association), the frozen foods market has topped $57 billion annually and has grown since 2018. The packaged food industry, in particular, is experiencing explosive growth as consumers rush to stores and stockpile packaged food. By now most industries are feeling the effects of the COVID-19 crisis as orders to quarantine or shelter-in-place affect businesses around the country. It’s no secret that the virus is having a tremendous impact on the nation’s health and economy.
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