U.S. Frozen Specialty Food Market. Analysis And Forecast to 2030
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View PricingFrozen Specialty Food Prices in the United States
U.S. Frozen Specialty Food Import Price per Ton in August 2022
In August 2022, the frozen specialty food price per ton amounted to $4.2K (CIF, US), therefore, remained relatively stable against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in February 2022 when the average import price increased by 11% month-to-month. As a result, import price reached the peak level of $4.5K per ton. From March 2022 to August 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2022, the country with the highest price was Canada ($5.7K per ton), while the price for Japan ($1.8K per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Frozen Specialty Food Import Prices by Type
U.S. Frozen Specialty Food Imports
After two months of decline, purchases abroad of frozen specialty food increased by 9.1% to 9.3K tons in August 2022. The total import volume increased at an average monthly rate of +1.5% from January 2022 to August 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain months. The pace of growth appeared the most rapid in March 2022 when imports increased by 22% m-o-m.
In value terms, frozen specialty food imports rose sharply to $39M (IndexBox estimates) in August 2022. The total import value increased at an average monthly rate of +2.0% over the period from January 2022 to August 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in March 2022 when imports increased by 17% month-to-month. As a result, imports attained the peak of $41M. From April 2022 to August 2022, the growth of imports failed to regain momentum.
U.S. Frozen Specialty Food Imports by Type
From January 2022 to August 2022, the average monthly growth rate of the volume of import of No country was relatively modest.
From January 2022 to August 2022, the average monthly growth rate of the import volume of No country was relatively modest.
U.S. Frozen Specialty Food Imports by Country
Italy (3.4K tons), Canada (2.1K tons) and China (1.2K tons) were the main suppliers of frozen specialty food imports to the United States, together comprising 72% of total imports. These countries were followed by Japan, Thailand, Germany and South Korea, which together accounted for a further 22%.
From January 2022 to August 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +6.3%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Italy ($15M), Canada ($12M) and China ($3.2M) were the largest frozen specialty food suppliers to the United States, with a combined 78% share of total imports. Thailand, Germany, Japan and South Korea lagged somewhat behind, together accounting for a further 16%.
Thailand, with a CAGR of +6.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
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
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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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