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U.S. Packaged Food Market Size, Share & Trends Analysis Report by Product (Bakery & Confectionary Products, Snacks & Nutritional Bars, Beverages, Sauces, Dressings, & Condiments), by Distribution Channel, and Segment Forecasts, 2022-2030

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    Report

  • 80 Pages
  • July 2022
  • Region: United States
  • Grand View Research
  • ID: 4538902
The U.S. packaged food market size is expected to reach USD 1,588.9 billion by 2030. The market is expected to expand at a CAGR of 4.8% from 2022 to 2030. 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. Also, the growing trend of plant-based and organic foods is driving the market growth. With rising health consciousness, consumers are gradually shifting towards 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 segment accounted for over 18.0% revenue share in 2021, flowed 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 also driving the growth of this product segment. Milk, butter, and cheese have wide application in the daily lives of U.S. consumers. 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, Nestlé announced to invest up to USD 2.12 billion on 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

  • The ready-to-eat meals segment is expected to register the fastest CAGR of 6.1% during 2022 to 2030 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 and accounted for revenue share of over 68% in 2021. Over the past few years, the consumers prefer these distribution channel owing the availability of wide range of products and huge price discounts offered in these stores
  • The beverages segment held the largest revenue share of more than 17.0% in 2021. Strong popularity of such products among consumers as healthy drinks is expected to remain favorable factor over next few years


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
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. Regional Outlook
Chapter 3. U.S. Packaged Food Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Impact of COVID-19 on the U.S. Packaged Food
3.4. Industry Value Chain Analysis
3.4.1. Sales/Retail Channel Analysis
3.4.2. Profit Margin Analysis
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Business Environment Analysis
3.6.1. Industry Analysis - Porter’s
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.7. Roadmap of U.S. Packaged Food Market
3.8. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. U.S. Packaged Food Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2017 & 2030
5.2. Bakery & Confectionary Products
5.2.1. Bakery & confectionery market estimates and forecast, 2017 - 2030 (USD Billion)
5.3. Snacks & Nutritional Bars
5.3.1. Snacks & nutritional bars market estimates and forecast, 2017 - 2030 (USD Billion)
5.4. Beverages
5.4.1. Beverages market estimates and forecast, 2017 - 2030 (USD Billion)
5.5. Sauces, Dressings, & Condiments
5.5.1. Sauces, dressings, & condiments market estimates and forecast, 2017 - 2030 (USD Billion)
5.6. Ready-to-Eat Meals
5.6.1. Ready-to-eat market estimates and forecast, 2017 - 2030 (USD Billion)
5.7. Breakfast Cereals
5.7.1. Breakfast cereals market estimates and forecast, 2017 - 2030 (USD Billion)
5.8. Processed Meats
5.8.1. Processed meats market estimates and forecast, 2017 - 2030 (USD Billion)
5.9. Rice, Pasta, & Noodles
5.9.1. Rice, pasta, & noodles market estimates and forecast, 2017 - 2030 (USD Billion)
5.10. Ice Creams & Frozen Novelties
5.10.1. Ice creams & frozen novelties market estimates and forecast, 2017 - 2030 (USD Billion)
5.11. Dairy Products
5.11.1. Dairy Products market estimates and forecast, 2017 - 2030 (USD Billion)
5.12. Others
5.12.1. Others market estimates and forecast, 2017 - 2030 (USD Billion)
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 through supermarkets & hypermarkets, 2017 - 2030 (USD Billion)
6.3. Convenience Store
6.3.1. Market estimates and forecast through convenience store, 2017 - 2030 (USD Billion)
6.4. Online
6.4.1. Market estimates and forecast through online channel, 2017 - 2030 (USD Billion)
6.5. Others
6.5.1. Market estimates and forecast through other channel, 2017 - 2030 (USD Billion)
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, 2019
Chapter 8. Company Profiles
8.1. Nestlé
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. The Coca-Cola Company
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. PepsiCo.
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Tyson Foods, Inc.
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Mars, Incorporated
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Cargill, Incorporated
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. The Kraft Heinz Company
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. General Mills Inc.
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. Conagra Brands, Inc.
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. Kellogg Co.
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
List of Tables
1. U.S. packaged food market-Key market driver analysis
2. U.S. packaged food market-Key market restraint analysis
3. U.S. packaged bakery & confectionary products market estimates and forecast, 2017-2030 (USD Billion)
4. U.S. packaged dairy products market estimates and forecast, 2017-2030 (USD Billion)
5. U.S. packaged snacks & nutritional bars market estimates and forecast, 2017-2030 (USD Billion)
6. U.S. packaged beverages market estimates and forecast, 2017-2030 (USD Billion)
7. U.S. packaged sauces, dressings, & condiments market estimates and forecast, 2017-2030 (USD Billion)
8. U.S. packaged ready-to-eat meals market estimates and forecast, 2017-2030 (USD Billion)
9. U.S. packaged breakfast cereals products market estimates and forecast, 2017-2030 (USD Billion)
10. U.S. packaged processed meats market estimates and forecast, 2017-2030 (USD Billion)
11. U.S. packaged rice, pasta, & noodles market estimates and forecast, 2017-2030 (USD Billion)
12. U.S. packaged ice creams & frozen novelties market estimates and forecast, 2017-2030 (USD Billion)
13. U.S. other packaged foods market estimates and forecast, 2017-2030 (USD Billion)
14. U.S. packaged food market estimates and forecast through supermarkets & hypermarkets, 2017-2030 (USD Billion)
15. U.S. packaged food market estimates and forecast through convenience store, 2017-2030 (USD Billion)
16. U.S. packaged food market estimates and forecast through online distribution channel, 2017-2030 (USD Billion)
17. U.S. packaged food market estimates and forecast through other distribution channels, 2017-2030 (USD Billion)
18. Vendor landscape
List of Figures
1. U.S. packaged food market snapshot
2. U.S. packaged food market segmentation & scope
3. U.S. packaged food market penetration & growth prospect mapping
4. U.S. packaged food market value chain analysis
5. U.S. packaged food market dynamics
6. U.S. packaged food market Porter's analysis
7. U.S. packaged food market: Product movement analysis
8. U.S. packaged food market: Distribution channels movement analysis

Companies Mentioned

  • Nestlé
  • The Coca-Cola Company
  • PepsiCo.
  • Tyson Foods, Inc.
  • Mars, Incorporated
  • Cargill, Incorporated
  • The Kraft Heinz Company
  • General Mills Inc.
  • Conagra Brands, Inc.
  • Kellogg Co.

Methodology

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Table Information