Industry Analysis & Industry Trends
Continued demand from grocery stores and the economic recovery will benefit frozen food wholesalers; however, growth will remain slow. In the coming years, the steadily improving US economy will likely have a positive impact on grocery and food service sales overall, as disposable incomes rise and consumers spend more on discretionary products and meals outside the home. However, as unemployment falls and disposable income levels creep back up, consumers will slowly begin to phase in more expensive discretionary purchases, such as fresh seafood and fine-dining restaurant meals, which will stifle demand for industry products... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Frozen Food Wholesaling industry is in a mature phase of its lifecycle. This is characterized by the industry's slower growth than the overall economy, a strong trend toward consolidation that is causing declines in the number of enterprises and establishments, and slow underlying growth in demand. The industry's value added, a measure of the industry's contribution to the overall economy, is forecast to grow an annualized 0.2% between 2010 and 2020 compared with GDP growth of 2.5% during the same period.
Moreover, the industry is consolidating. The number of enterprises in the industry is expected to fall 0.5% per year on average over the ten years to 2020... purchase to read more