US Packaged Food Market 2024-2028

The packaged food market in US is projected to experience substantial growth, with a forecasted increase of USD 489.88 billion at a compound annual growth rate (CAGR) of 6.89% from 2023 to 2028. This market growth is attributed to evolving consumer preferences, convenience, and increased demand for healthier, functional food options.

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Key Market Segments

• By Method:

  • Packets
  • Bottles
  • Boxes
  • Cans
  • Others

• By Distribution Channel:

  • Offline
  • Online

• By Type:

  • Bakery and cereals
  • Dairy products
  • Snacks and nutritional bars
  • Beverages
  • Others

Regional Market

• US

Market Drivers

The rising demand for food products with longer shelf lives is a key driver of market growth. As dual-income households become more prevalent, consumers are gravitating towards packaged foods that offer convenience and quick meal solutions. The need to minimize food waste and the economic benefits of purchasing in bulk are further propelling this trend. Additionally, health-conscious consumers are driving the demand for organic and nutritious packaged food options.

Market Trends

• Health and Wellness: Organic and functional foods, such as fortified dairy products and plant-based alternatives, are gaining popularity as consumers seek healthier choices.
• Transparency: Increasing demand for clean-label products, with clear nutritional information and minimal artificial additives, is shaping the market.
• E-commerce: Online platforms are playing a critical role in expanding access to packaged food, providing consumers with a wider range of products, including specialty, ethnic, and niche offerings.
• Food Allergies and Intolerances: Special dietary needs are driving growth in allergen-free, gluten-free, and specialty foods.

Market Challenges

One significant challenge for the US packaged food market is strict regulatory compliance. The Food and Drug Administration (FDA) enforces rigorous regulations related to food labeling, health claims, and food safety, which can increase operational costs and limit product innovation. Companies must adapt to these regulations while managing complex supply chains to ensure their products meet all necessary standards

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Key Companies in the Packaged Food Market in US

Some of the key companies of the Packaged Food Market in US are as follows:

• B and G Foods Inc.
• Campbell Soup Co.
• Cargill Inc.
• Conagra Brands Inc.
• General Mills Inc.
• Hormel Foods Corp.
• JBS SA
• Kellogg Co.
• Mars Inc.
• McCormick and Co. Inc.
• Mondelez International Inc.
• Nestle SA
• PepsiCo Inc.
• The Coca Cola Co.
• The Hershey Co.
• The J.M Smucker Co.
• The Kraft Heinz Co.
• Tyson Foods Inc.
• Unilever PLC
• WH Group Ltd.