Report Update: Apr 1, 2024

U.S. Frozen Specialty Food Market. Analysis And Forecast to 2030

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Frozen Specialty Food Price in the United States - 2023

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)

Source: IndexBox Market Intelligence Platform

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023