United States Packaged Food Market Share Expected to Reach USD 1268.3 Billion by 2026: Facts & Factors

[225+ Pages Research Report] According to Facts and Factors market research report, the U.S. Packaged Food Market size & share revenue is expected to grow from USD 996.6 Billion in 2020 to reach USD 1268.3 Billion by 2026, at 4.10% annual CAGR growth during forecast period of 2021-2026. The top market companies profiles included in report with their sales, revenues and strategies are Cargill, Incorporated, Conagra Brands, Inc., General Mills Inc., Hormel Foods Corporation, JBS Foods S.A., Kellogg Co., Kraft Foods Group Inc. and others.

New York, NY, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Packaged Food Market By Product Type (Bakery & Confectionery Products, Beverages, Breakfast Cereals, Dairy Products, Ice Creams & Frozen Novelties, Processed Meats, Ready-to-Eat Meals, Rice, Pasta, & Noodles, Sauces, Dressings, & Condiments, Snacks & Nutritional Bars, and Others), Distribution Channel (Hypermarkets and Supermarkets, Convenience Store, Online Retailers, and Others): The U.S. Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026”.

“According to the recent research report, the demand of U.S. Packaged Food Market size & share expected to reach to USD 1268.3 Billion by 2026 from USD 996.6 Billion in 2020, at a compound annual growth rate (CAGR) of 4.10% during the forecast period 2021 to 2026”

U.S. Packaged Food Market: Overview

The concept of packaged food came as a result of factors such as ease of cooking, preparation, consumption, handling, and protection from external tampering. Any food for retail sale that has been manufactured and packaged into cartons or containers in advance for marketing is considered packaged food. They are gaining popularity in both developed and developing countries due to their convenience for city dwellers. This list of food products excludes raw ingredients and meals served in restaurants and cafés. Packaged foods are easy to use, prepare, and consume. Packaged foods are products designed to save time.

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• 2020 Updated Report Introduction, Overview, and In-depth industry analysis

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• 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends

• Includes Updated List of table & figures

• Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis

• Facts and Factors research methodology

(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)

Industry Major Market Players

• Cargill

• Incorporated

• Conagra Brands Inc.

• General Mills Inc.

• Hormel Foods Corporation

• JBS Foods S.A.

• Kellogg Co.

• Kraft Foods Group Inc.

• Maple Leaf Foods Inc.

• Mars

• Incorporated

• Nestlé S.A.

• PepsiCo

• Smithfield Food Inc.

• The Coca-Cola Company

• The Kraft Heinz Company

• Tyson Foods Inc.

To know an additional revised list of 2020-2021 top market players, request a sample report: https://www.fnfresearch.com/sample/packaged-food-market

Key questions answered in this report:

• What is the projected market size & growth rate of the U.S. Packaged Food Market?

• What are the key driving factors for the growth of the U.S. Packaged Food Market?

• What are the top companies operative in U.S. Packaged Food Market?

• What segments are covered in U.S. Packaged Food Market?

• How can I get free sample report/company profiles of the U.S. Packaged Food Market?

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Market Dynamics & Drivers

The primary reasons driving the expansion of the packaged food business are changing lifestyle, consumer convenience, and greater health awareness. For transport, display, opening, and sealing, food packaging materials should be easy. Food contamination, government rules, and the rise of domestic brands are amongst the main obstacles to market expansion. Fusion and collaborations are essential tactics for expanding their position in the market, with top competitors in the packaged food sector. One of the major drivers of U.S. packaged food markets is appealing advertising and easy-to-access food packaging. The major players in the packaged food business focus largely on extending their publicity platforms with new goods on several social media platforms. In addition, companies provide their products simple access via internet portals. All this will speed up demand for packaged food items in the U.S. market. In the course of the projected period, the increasing emphasis of the government on product production and packaging solutions would probably hinder market growth.

Trends in packed foods in 2020 with reduced foodservice volume sales and increased retail sales owing to COVID-19 are projected to be reversed in 2021, provided that vaccinations are widely distributed in the USA. As foodservice outlets return to more regular, or close to normal, operations, retail current value sales are expected to fall this year, resulting in dynamic foodservice growth and, as a result, lower consumption at home. Moreover, the trend of home-cooking continues to increase demand for packaged cereals and baked goods. Meal delivery will gather momentum and firms which can offer considerable health advantages and distinguish their goods will be able to keep their competition ahead of them.

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Global 3D Machine Vision Market: Report Scope

Report Attribute	Details
Market Size 2020 Value	USD 996.6 Billion
Market Forecast for 2026	USD 1268.3 Billion
Expected CAGR Growth	CAGR 4.10% from 2021-2026
Base Year	2020
Forecast Year	2021-2026
Top Market Players	Cargill, Incorporated, Conagra Brands, Inc., General Mills Inc., Hormel Foods Corporation, JBS Foods S.A., Kellogg Co., Kraft Foods Group Inc., and Others
Segments Covered	Product Type, Distribution Channel, and Region
Geographies Covered	U.S.A
Pricing Options	Request customized purchase options to meet your research needs. Explore purchase options

U.S. Packaged Food Market: Segmentation

The U.S. Packaged Food market can be segregated based on product type, and distribution channel. Based on product type, the U.S. packaged food industry is categorized into bakery & confectionery products, beverages, breakfast cereals, dairy products, ice creams & frozen novelties, processed meats, ready-to-eat meals, rice, pasta, & noodles, sauces, dressings, & condiments, snacks & nutritional bars, and others. Based on distribution channels, the U.S. packaged food industry is categorized into hypermarkets and supermarkets, convenience stores, online retailers, and others.

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Snack Foods is projected to Dominate U.S. Packaged Food Market Growth

Consumers in United State have often purchased packaged ready-to-eat food products rather than conventional foods, which have undergone enormous pressure for time because of hectic schedules. Since a result, basic food products have seen a decrease in demand as packaged meals are quite popular. Food producers are changing their product lines to incorporate both snack food and healthy packaged foods as an additional element benefiting the United States market. A significant development in the United States packaged food sector has been the increasing desire for fewer artificial ingredients in packaged products.

Browse the full report “Packaged Food Market By Product Type (Bakery & Confectionery Products, Beverages, Breakfast Cereals, Dairy Products, Ice Creams & Frozen Novelties, Processed Meats, Ready-to-Eat Meals, Rice, Pasta, & Noodles, Sauces, Dressings, & Condiments, Snacks & Nutritional Bars, and Others), Distribution Channel (Hypermarkets and Supermarkets, Convenience Store, Online Retailers, and Others): The U.S. Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026” at https://www.fnfresearch.com/packaged-food-market

The U.S. Packaged Food market is segmented as follows:

By Product Type

• Bakery & Confectionery Products

• Beverages

• Breakfast Cereals

• Dairy Products

• Ice Creams & Frozen Novelties

• Processed Meats

• Ready-to-Eat Meals

• Rice, Pasta, & Noodles

• Sauces, Dressings, & Condiments

• Snacks & Nutritional Bars

• Others

By Distribution Channel

• Hypermarkets and Supermarkets

• Convenience Store

• Online Retailers

• Others

By Region

• U.S.

Key Highlights of this Report:

• Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable

• Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications

• Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market

• Market Attractiveness Analysis and Key Investment Opportunity Analysis in the Market going forward

• Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward

• Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data

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