New York, According to a new market research report published by Global Insight Services “United States Packaged Food Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
In the United States, packaged food market has evolved to meet the needs of a growing and increasingly mobile population. Today, consumers can purchase pre-packaged food that is easy to transport and store. This food is often shelf-stable, meaning that it does not need to be refrigerated or frozen.
Some of the most popular packaged food items in the United States include cereal, granola bars, crackers, and peanut butter. These products are typically packaged in boxes, bags, or containers. Cereal is often packaged in a box with a plastic liner, while granola bars and crackers are typically packaged in bags. Peanut butter is usually packaged in a jar.
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Key Trends and Drivers
In the United States, the packaged food market is growing rapidly due to the changing lifestyles of consumers and the increasing demand for convenience. The major drivers of this market are the following:
- Changing Lifestyles: The hectic lifestyles of consumers in the United States are leading to an increased demand for packaged foods as they offer convenience and ease of preparation.
- Increasing Health Consciousness: Consumers are becoming more health conscious and are looking for healthier food options. This is resulting in a shift towards healthier packaged food options.
- Increasing Income Levels: Rising income levels are giving consumers more disposable income to spend on packaged food products.
- Increasing Urbanization: The trend of urbanization is resulting in more consumers living in close proximity to supermarkets and other retail outlets, making it easier to purchase packaged food products.
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Market Segments
By Product
- Bakery & Confectionery Products
- Dairy Products
- Snacks & Nutritional Bars
- Beverages
- Sauces, Dressings, & Condiments
- Ready-to-Eat Meals
- Breakfast Cereals
- Processed Meats
- Rice, Pasta, & Noodles
- Ice Creams & Frozen Novelties
- Others
By Distribution Channel
- Supermarkets & Hypermarkets
- Convenience Store
- Online
- Others
Key Players
- Kraft Heinz
- Nestle
- PepsiCo
- General Mills
- Kellogg’s
- Mars, Inc.
- The Hershey Company
- Unilever
- Mondelez International
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