United States $1,376.00 Billion Packaged Food Markets to 2028: Growing Trend of Plant-Based and Organic Foods is Driving the Market

News provided by

Nov 25, 2021, 12:30 ET

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 Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.4. Information Analysis
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Product Outlook
2.3. Application Outlook
2.4. Country Outlook

Chapter 3. U.S. Packaged Food Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter's
3.6. Roadmap of U.S. Packaged Food Market
3.7. Market Entry Strategies
3.8. Impact of COVID-19

Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations

Chapter 5. U.S. Packaged Food Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2020 & 2028
5.2. Bakery & Confectionery Products
5.2.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
5.3. Dairy Products
5.4. Snacks & Nutritional Bars
5.5. Beverages
5.6. Sauces, Dressings, & Condiments
5.7. Ready-to-Eat Meals
5.8. Breakfast Cereals
5.9. Processed Meats
5.10. Rice, Pasta, & Noodles
5.11. Ice Creams & Frozen Novelties

Chapter 6. U.S. Packaged Food Market: Distribution Channel Estimates & Trend Analysis
6.1. Distribution Channel Movement Analysis & Market Share, 2020 & 2028
6.2. Supermarkets & Hypermarkets
6.2.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
6.3. Convenience Store
6.4. Online

Chapter 7. Competitive Analysis
7.1. Key players, recent developments & their impact on the industry
7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
7.3. Vendor Landscape
7.3.1. Key company market share analysis, 2020

Chapter 8. Company Profiles
8.1. Company Overview
8.2. Financial Performance
8.3. Product Benchmarking
8.4. Strategic Initiatives

Nestle S.A.
The Coca-Cola Company
PepsiCo.
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

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets