U.S. Packaged Food Market: Industry Size, Share, Demand, Analysis & Forecast, 2025
The U.S. Packaged Food Market is expected to reach USD
1,197.8 billion by 2025, according to a new report by Grand View Research, Inc.
Globally rising consumption of convenience food products has been a key factor
boosting the market growth. In addition, growing disposable income, coupled
with busy work schedules are some other driving forces for the packaged food
industry.
The
rise in the population of working professionals and their busier lifestyles has
led to the growing need to cater the changing consumption patterns of masses.
This has propelled the sales of packaged and canned food items not only in the
developed countries but also in the developing nations such as India.
The
upsurge in the number of supermarkets, malls, and one-stop grocery stores coming
up is also one of the major factors contributing the sales of frozen and
convenience food items. These frozen products are easy to cook, which makes the
consumers spend more time with their family.
Canned
products are sealed in airtight containers with some chemical or heat treatment
process, thus being a beneficial method for preserving food such as meat,
vegetables, fruit, fish, fruit salad, sauces, and meat & vegetable
condensed soup, etc.
Browse
Details of Report @ https://www.grandviewresearch.com/industry-analysis/us-packaged-food-market
Further key findings from the report suggest:
- The U.S.
generated a revenue of USD 735.5 billion in 2016 and is expected to grow
at a CAGR of 4.5% from 2017 to 2025
- Beverages
emerged as the largest product segment in 2016 and is estimated to
generate revenue over USD 509.1 billion by 2025
- R.T.E meals
is anticipated to witness the highest growth rate of 5.3% over the next
few years, thus reaching a value of USD 113.9 billion by 2025
- The growing
number of food products such cereals, beverages, dairy products and snacks
being exported coupled with the diversified consumer base spread across
regions has given impetus to the use of packaging for food preservation
- The U.S.
accounted for a major market share of more than 73% during 2016, and is
likely to maintain it throughout the forecast period
- Major
players include Coca-Cola Co., Nestlé S.A., The Kellogg Company, Conagra
Foods Inc., General Mills Inc., etc.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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