Frozen Specialty Food Market Overview in the USA
In value terms, frozen specialty food production expanded modestly to $ in 2019. The total output value increased at an average annual rate of +% from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of % against the previous year. Over the period under review, production hit record highs in 2019 and is likely to see steady growth in years to come.
The revenue of the frozen specialty food market in the U.S. rose slightly 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). The market value increased at an average annual rate of +% from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2014 with an increase of % y-o-y. Frozen specialty food consumption peaked in 2019 and is expected to retain growth in the near future.