Overview of the Market for Frozen Fruit And Nuts in the USA
In value terms, frozen fruit and nuts production contracted slightly to $ in 2019. Over the period under review, production saw a slight slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by % y-o-y. Frozen fruit and nuts production peaked at $ in 2009; however, from 2010 to 2019, production stood at a somewhat lower figure.
The size of the frozen fruit and nuts market in the U.S. expanded modestly to $ in 2019, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by % y-o-y. Over the period under review, the market reached the maximum level at $ in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.