U.S. Frozen Specialty Food Market. Analysis And Forecast to 2030
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View PricingFrozen Specialty Food Price in the United States - 2023
Contents:
- Frozen Specialty Food Price in the United States (CIF) - 2023
- Frozen Specialty Food Price in the United States (FOB) - 2023
- Frozen Specialty Food Imports in the United States
- Frozen Specialty Food Exports in the United States
Frozen Specialty Food Price in the United States (CIF) - 2023
The average frozen specialty food import price stood at $4,677 per ton in July 2023, increasing by 1.8% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 an increase of 7.2% month-to-month. Over the period under review, average import prices attained the maximum at $4,823 per ton in December 2022; however, from January 2023 to July 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($6,112 per ton), while the price for Japan ($2,193 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Specialty Food Price in the United States (FOB) - 2023
In July 2023, the average frozen specialty food export price amounted to $3,431 per ton, remaining relatively unchanged against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 5.7% against the previous month. As a result, the export price reached the peak level of $3,928 per ton. From February 2023 to July 2023, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In July 2023, the country with the highest price was Canada ($3,456 per ton), while the average price for exports to South Korea ($3,075 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+1.6%), while the prices for the other major destinations experienced a decline.
Frozen Specialty Food Imports in the United States
Frozen specialty food imports into the United States expanded markedly to 108K tons in 2022, increasing by 13% compared with the previous year. The total import volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen specialty food imports surged to $472M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.7% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 22%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Frozen Specialty Food in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 106 | 128 | 143 | 170 | 17.1% |
Canada | 82.2 | 107 | 131 | 159 | 24.6% |
China | 20.7 | 25.2 | 26.8 | 33.4 | 17.3% |
Thailand | 16.2 | 31.2 | 33.3 | 32.5 | 26.1% |
Germany | 21.7 | 21.9 | 20.0 | 23.2 | 2.3% |
South Korea | 14.1 | 11.7 | 15.1 | 19.8 | 12.0% |
Japan | 9.2 | 8.5 | 8.3 | 9.6 | 1.4% |
Others | 16.6 | 18.3 | 22.8 | 24.5 | 13.9% |
Total | 287 | 351 | 400 | 472 | 18.0% |
Top Suppliers of Frozen Specialty Food to the United States in 2022:
- Italy (38.3K tons)
- Canada (25.6K tons)
- China (12.2K tons)
- South Korea (8.9K tons)
- Thailand (6.9K tons)
- Germany (5.7K tons)
- Japan (5.2K tons)
Frozen Specialty Food Exports in the United States
In 2022, shipments abroad of frozen specialty food was finally on the rise to reach 47K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a drastic downturn.
In value terms, frozen specialty food exports surged to $173M in 2022. The total export value increased at an average annual rate of +5.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Frozen Specialty Food in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 121 | 134 | 117 | 135 | 3.7% |
Mexico | 1.5 | 1.9 | 5.9 | 18.7 | 131.9% |
Taiwan (Chinese) | 2.0 | 1.8 | 2.3 | 2.3 | 4.8% |
South Korea | 2.5 | 1.9 | 2.0 | 2.3 | -2.7% |
United Kingdom | 4.2 | 3.6 | 3.7 | 0.2 | -63.8% |
Others | 13.8 | 10.4 | 13.0 | 14.1 | 0.7% |
Total | 145 | 153 | 144 | 173 | 6.1% |
Top Export Markets for Frozen Specialty Food from the United States in 2022:
- United Kingdom (undefinedK tons)
- Canada (36.2K tons)
- Mexico (5.3K tons)
- Taiwan (Chinese) (1.0K tons)
- South Korea (0.9K tons)
This report provides an in-depth analysis of the frozen specialty food market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 311412 - Frozen specialty food manufacturing
Companies mentioned:
- Kraft Pizza Company
- The Schwan Food Company
- Heinz Frozen Food Company
- Ruiz Food Products
- Pinnacle Foods Group
- Pinnacle Foods Finance
- Amy's Kitchen
- The Stouffer Corporation
- Pinnacle Foods
- Request Foods
- The ICEE Company
- Great American Appetizers
- Lady Little Foods
- Bottom Line Food Processors
- Nestle Prepared Foods Company
- Cedarlane Natural Foods
- Don Miguel Mexican Foods
- Overhill Farms
- Nation Pizza Products
- Camino Real Foods
- G.A. Food Services of Pinellas County
- Bellisio Foods
- Richelieu Foods
- Bernatello's Pizza
- Flagship Food Group
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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