2021 Top 25 Refrigerated Foods Processors Report: Retail Sales and Product Innovation Fuel Record Growth
Consumer stockpiling during the pandemic, plus an increase in HPP product variety, combine for one of the most successful years in the refrigerated segment.
The headline for last year’s Top 25 Refrigerated Foods Processors Report read, “Refrigerated Foods to Reign Supreme in 2020”. In no other year than 2020 could a headline that bold be an understatement. The pandemic skyrocketed refrigerated food sales, with a total of $82 billion and year-over-year growth of 13.3%, according to statistics by Nielsen and the National Frozen & Refrigerated Foods Association (NFRA). That momentum is still high as we start 2021, and while sales aren’t expected to be as off-the-charts as 2020, they will still be exceptional as that peak gradually drifts closer to the norm.