The Packaged Food Market in US is being driven by Increasing demand for food products with longer shelf lives
The Packaged Food Market in US is expected to grow at a CAGR of 7.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 582.3 million. In the US packaged food market, there is a growing consumer preference for products with clear and natural ingredient lists. Health consciousness and selectivity are on the rise, leading consumers to avoid artificial additives, preservatives, and excessive sugars and salts. In response, packaged food manufacturers are adjusting their offerings to meet these demands. For instance, in 2024, the food industry is experiencing a notable transition towards cleaner, more transparent options, such as That It's all-natural fruit snacks, which are derived solely from whole fruits and vegetables, and do not contain added sugars.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
185 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.7% |
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Market growth 2025-2029 |
USD 582.3 million |
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Market structure |
fragmentation |
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YoY growth 2024-2025(%) |
6.1 |
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Key countries |
US, US, and North America |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Packaged Food Market in the US encompasses various categories including Convenience Foods, Organic Foods, Ready-to-Eat Meals, Frozen Foods, Snack Foods, Dairy Products, Meat Products, Plant-Based Foods, Gluten-Free Products, and Specialty Foods. Key trends include Health and Wellness, Food Allergies, Functional Foods, and Ethnic Foods. Food Manufacturers and Private Labels prioritize Food Innovation, Food Quality, and Brand Loyalty, while Supply Chain management is crucial for meeting consumer demands. Nutritional Information and Food Labeling are essential for transparency. Food Allergens and Food Safety are major concerns.
The packaged foods and meats market encompasses vendors engaged in food processing to ensure food safety and extend product shelf life. According to Technavio, the market's size is determined by the consolidated revenue of participating entities. This market segment excludes food processing equipment manufacturers and packaged beverage producers, including alcoholic and non-alcoholic beverages. Factors fueling the growth of the global packaged foods and meats industry include the health advantages linked to consuming minimally processed foods, such as vegetables, which are rich in essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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