Overview of the Market for Frozen Cake And Pastry in the USA
In value terms, frozen cake and pastry production rose slightly to $ in 2019. The total output value increased at an average annual rate of +% from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of % y-o-y. Over the period under review, production hit record highs in 2019 and is expected to retain growth in years to come.
The revenue of the frozen cake and pastry market in the U.S. reached $ in 2019, growing 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 somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2018 when the market value increased by % against the previous year. Over the period under review, the market attained the peak level in 2019 and is likely to see steady growth in years to come.