US Packaged Food Market

Introduction of the US Packaged Food Market Report

Changing and busy lifestyle of the American people due to fastest growing economy and rising preference for convenience have propelled the packaged food market in the United States. Also, in the United States, the online food service business is booming due to growing vegan population in the country along with surge in the disposable income have witnessed potential market growth.

To have an edge over the competition by knowing the market dynamics and current trends of “US Packaged Food Market”, request for Sample Report here

Market Dynamic

Key Drivers and Emerging Trends

The factors driving the US packaged food market include presence of several leading food and beverages manufacturing companies along with surge in investment by the leading players for expanding the manufacturing facility. Industry players such as Nestlé, Danone S.A, and Unilever have been entered into the plant-based market to seize the opportunity. For instance, in 2019, Nestle gears up to launch its own plant-based burger in the US. Plant-based dairy alternatives in the United State have increased significant demand for the lactose intolerant consumers in the United States. This ultimately has fuelled the demand for the packaged food market in the United States.

An increasing trend in the packaging sector is a growing need for environmentally friendly and sustainable packaging for food and beverages industry is witnessing potential demand for the market growth. Introducing new and novel packing kinds and technologies, such as Modified Atmosphere Packaging (MAP), active packaging, and printing technologies, is likely to increase the packaged food market in the United States market. Consumers also demand the development of low-cost, high-quality material for food packaging.

Restraint in the US Packaged Food Market

However, increasing concerns related pollution from the packaged waste and strict rules and regulations for adopting the plastic packaging material may hamper the US Packaged Food market. For instance, according to the United States Environmental Protection Agency in 2019, the food and packaging/containers accounted for almost 45%of the materials in the United State’sland filled. Also, packaging waste is responsible for pollution such as climate change, blockage drains and potentially harming wildlife oceans and river.  It can enter human body via direct exposures through ingestion or inhalation can lead to an array of health impacts such as oxidative stress, apoptosis, inflammation, genotoxicity, necrosis, cardio vascular diseases and even can cause cancer. These factors may hinder the growth of the food packaging market in the United States.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Rising demand for the organic food, functional and fortified food with growing consumer’s demand with surge in awareness have propelled the packaged food market. For instance, according to the Institute of Food Technologists Organization, U.S. organic food sales reached USD 47.9 billion in 2018. Also, in 2020, U.S. sale of the functional and fortified food reached USD 63 billion and USD 42 billion respectively. This, created massive demand for the packaged food market in the United States.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here 

Key Developments:

• • In 2021, Cargill have planned to expand its soy processing plant with USD 475 million investment for increasing access and speed for U.S. farmers and demand customers for increasing capacity and market access.
  • In 2020, Cargill have planned to invest USD 6.4 million for the expansion of its food pilot facility accelerate customer product launches for confectionery products and infant nutrition. 

For detailed scope of the “US Packaged Food Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is US Packaged Food market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in US Packaged Food market? What will be the impact of drivers and restraints in the future?
  • What are the various areas of US Packaged Food market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?