Private-label Food And Beverage Market in US Size to Grow by $ 31.17 Billion through 2021-2025 | Forecast and Trend Analysis
Technavio has been monitoring the private-label food and beverage market in US and it is expected to grow by $ 31.17 billion, accelerating at a CAGR of almost 3.88% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Private-label Food And Beverage Market in US : Emerging Trends to Impact Market Growth
The rise in demand for specialty private-label offerings is increasing among consumers in the US. This has encouraged private-label vendors to offer well-positioned specialty products, which will allow them to capitalize on this opportunity and attract new customers. These products are launched with improved quality and are better aligned with consumers’ values. For instance, Aldi launched several private-label offerings targeting health-conscious customers, including antibiotic-free and hormone-free products. The growing trend of such product expansions is expected to drive the growth of the market during the forecast period. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.
Private-label Food And Beverage Market in US : Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Albertsons Companies Inc., Amazon.com Inc., Costco Wholesale Corp., Dollar General Corp., Giant Food Stores LLC, Target Corp., The Kroger Co., TreeHouse Foods Inc., United Natural Foods Inc., and Walmart Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
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