A post by another community member that asks the same question was closed without a solution. So I am going to post it again as a new topic.
"I run into this issue quite often. We have a lot of components where the image ratio is not fixed. The images usually have either a fixed width or height, but not both. I would really like to see a feature where we can work with dynamic image height or width depending on the use case.
I get that it’s hard with the current solution of placing the images as fills within a frame, but we really need a better way of dealing with images."
If anyone has a workaround for this at the moment, please let me know.