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.
Full
Research Report On U.S. Packaged Food Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/us-packaged-food-market
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.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/consumer-goods
www.grandviewresearch.com/industry/consumer-goods
Grand View Research has segmented the U.S. packaged food market on the
basis of product, and region:
Product
Outlook (Revenue, USD Billion, 2014 - 2025)
- Bakery
& Confectionary Products
- R.T.E.
Cereals
- Dairy
Products
- Snacks
& Nutrition Bars
- Beverages
- Sauces,
Dressings & Condiments
- Others
Access Press
Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/us-packaged-food-market-analysis
www.grandviewresearch.com/press-release/us-packaged-food-market-analysis
About
Grand View Research
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, we
offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and
healthcare.
For More
Information: www.grandviewresearch.com
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