DUBLIN, Nov. 25, 2021 /PRNewswire/ -- The "U.S. Packaged Food Market Size, Share & Trends Analysis Report by Product (Beverages, Ready-to-Eat Meals), by Distribution Channel (Supermarkets & Hypermarkets, Online), and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The U.S. packaged food market size is expected to reach USD 1,376.00 billion by 2028 and is expected to expand at a CAGR of 4.1% from 2021 to 2028
The increasing product innovation, innovative packaging, changing lifestyle, rising number of dual-income families, and hectic schedules of consumers have boosted the demand for packaged foods in the U.S.
Moreover, the growing trend of plant-based and organic foods is driving the market. With the rising health consciousness, consumers are gradually shifting toward healthy food and drink alternatives. As a result, food products with low-calorie, low-fat, gluten-free, sugar-free, and organic claims gain traction among consumers.The beverages product segment accounted for the largest share of over 20.0% in 2020, followed by the dairy products segment. Healthy drinks made with natural ingredients and less sugar are gaining traction among consumers.
Furthermore, increasing demand for functional beverages is fueling the growth of this product segment. Milk, butter, and cheese have wide application in the daily lives of consumers in the U.S. In addition, lately, yogurt and yogurt drinks are gaining significant popularity across the nation.The market is highly competitive with a large number of well-established companies across the country. Consumers have been preferring companies that are known for prioritizing sustainable production and environment-friendly packaging. As a result, several companies are focusing on sustainable packaging and a transparent supply chain.
For instance, in January 2020, Nestle announced to invest up to USD 2.12 billion in advanced sustainable packaging solutions to shift to food-grade recycled plastics from virgin plastics. The company has committed to making 100% of its packaging reusable or recyclable by 2025. U.S. Packaged Food Market Report Highlights
- By product, the beverages segment held the largest share of more than 20.0% in 2020. The strong popularity of such products among consumers as healthy drinks is expected to remain a favorable factor for the segment growth over the next few years
- The ready-to-eat meals product segment is expected to register the fastest CAGR of 5.7% from 2021 to 2028 owing to the busy lifestyle and hectic work schedule of the consumers
- In terms of distribution channel, the supermarkets and hypermarkets segment dominated the market by accounting for over 65.0% share in 2020. Over the past few years, consumers are preferring these distribution channels owing to the availability of a wide range of products and significant price discounts offered in these stores
Key Topics Covered: Chapter 1. Methodology and Scope1.1. Market Segmentation & Scope1.2. Market Definition1.3. Information Procurement1.4. Information Analysis1.5. Market Formulation & Data Visualization1.6. Data Validation & Publishing Chapter 2. Executive Summary2.1. Market Outlook2.2. Product Outlook2.3. Application Outlook2.4. Country Outlook Chapter 3. U.S. Packaged Food Market Variables, Trends & Scope3.1. Market Introduction3.2. Penetration & Growth Prospect Mapping3.3. Industry Value Chain Analysis3.3.1. Sales/Retail Channel Analysis3.3.2. Profit Margin Analysis3.4. Market Dynamics3.4.1. Market Driver Analysis3.4.2. Market Restraint Analysis3.4.3. Industry Challenges3.4.4. Industry Opportunities3.5. Business Environment Analysis3.5.1. Industry Analysis - Porter's3.6. Roadmap of U.S. Packaged Food Market3.7. Market Entry Strategies3.8. Impact of COVID-19 Chapter 4. Consumer Behavior Analysis4.1. Consumer Trends and Preferences4.2. Factors Affecting Buying Decision4.3. Consumer Product Adoption4.4. Observations & Recommendations Chapter 5. U.S. Packaged Food Market: Product Estimates & Trend Analysis5.1. Product Movement Analysis & Market Share, 2020 & 20285.2. Bakery & Confectionery Products5.2.1. Market estimates and forecast, 2016 - 2028 (USD Billion)5.3. Dairy Products5.4. Snacks & Nutritional Bars5.5. Beverages5.6. Sauces, Dressings, & Condiments5.7. Ready-to-Eat Meals5.8. Breakfast Cereals5.9. Processed Meats5.10. Rice, Pasta, & Noodles5.11. Ice Creams & Frozen Novelties Chapter 6. U.S. Packaged Food Market: Distribution Channel Estimates & Trend Analysis6.1. Distribution Channel Movement Analysis & Market Share, 2020 & 20286.2. Supermarkets & Hypermarkets6.2.1. Market estimates and forecast, 2016 - 2028 (USD Billion)6.3. Convenience Store6.4. Online Chapter 7. Competitive Analysis7.1. Key players, recent developments & their impact on the industry7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)7.3. Vendor Landscape7.3.1. Key company market share analysis, 2020 Chapter 8. Company Profiles8.1. Company Overview8.2. Financial Performance8.3. Product Benchmarking8.4. Strategic Initiatives
- Nestle S.A.
- The Coca-Cola Company
- Tyson Foods, Inc.
- Mars, Incorporated
- Cargill, Incorporated
- The Kraft Heinz Company
- General Mills Inc.
- Conagra Brands, Inc.
- Kellogg Co.
For more information about this report visit https://www.researchandmarkets.com/r/i40wxq
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