U.S. Packaged Food Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
“U.S. Packaged Food Market Size Worth $1,197.8 Billion By 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-foodmarket 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
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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 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
Table of Content Chapter 1 Methodology and Scope 1.1 Research methodology 1.2 Research scope and assumptions 1.3 List of data sources Chapter 2 Executive Summary 2.1 Packaged food - Industry snapshot and key buying criteria Chapter 3 Packaged food Market Industry Outlook 3.1 Market segmentation 3.2 Market size and growth prospects, 2014 - 2025 3.3 Packaged food market value chain analysis 3.4 Packaged food market dynamics 3.4.1 Market driver analysis 3.4.1.1 Increasing bakery & confectionary product demand
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3.4.1.2 Increasing convenience food demand 3.4.2 Market restraint analysis 3.4.2.1 Stringent food safety regulations 3.5 Industry analysis - Porter’s Continue………….. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market y 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 factbased 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:http://www.grandviewresearch.com
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