With convenience topping its many attributes, frozen food rang up nearly $52 billion in U.S. retail sales through all channels in 2008, according to Packaged Facts.
The market for gluten-free foods and beverages grew at a compound rate of 28 percent from 2004 to 2008 with sales reaching an estimated $1.6 billion last year.
Considering a new product with ethnic appeal? In a recent research report, Packaged Facts, New York, says the United States’ estimated 46 million Hispanic consumers are a powerful influence on the nation's economical buying power.
Using coupons, eating fewer meals out, preparing more home cooked meals from scratch, and substituting private label products for leading branded items are just a few of the strategies market intelligence source Packaged Facts expects to see consumers utilize this year.
In a January 2008 report titled, Convenience Foods in the U.S.: Fresh and Frozen, Packaged Facts wrote that retailers - and refrigerated and frozen prepared convenience foods, in particular - will benefit greatly from busier consumer lifestyles, Americans’ growing concern with health and their interest in ethnic cuisines and flavors.