Frozen Specialty Food Market Overview in the USA
In value terms, frozen specialty food production stood at $ in 2019. The total output value increased at an average annual rate of +% over the period from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. Over the period under review, production attained the peak level in 2019 and is likely to see gradual growth in the immediate term.
The size of the frozen specialty food market in the U.S. expanded to $ in 2019, surging 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 relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2014 with an increase of % y-o-y. Frozen specialty food consumption peaked in 2019 and is likely to continue growth in years to come.