U.S. Packaged Food & Beverages Market to Surge at 11.16% CAGR, which is anticipated to reach USD 2348.44 billion by 2030
CRI Report has released a report titled “U.S. Packaged Food & Beverages Market –Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030” which is anticipated to reach USD 2348.44 billion by 2030. According to this Report, the U.S. Packaged Food & Beverages Market is enduring a big growth and is predicted to grow consequently within the next few years. U.S. Packaged Food & Beverages Market surge to a rapid climb due to its various benefits such as growing demand for natural and organic foods and mainly for premium products. Increasing customization depending upon the ingredients, consumer awareness, varying lifestyles are the major drivers to grow. These driving factors are emerging as market trends in U.S. Packaged Food & Beverages Market. Additionally, consumer’s rising interest in craft, low ABV, and premium beer are boosting U.S. Packaged Food & Beverages Market. Hence, these market drives are generating accelerated opportunities for glass packaging in the mature market of North America.
The market report on U.S. Packaged Food & Beverages Market includes in-depth insights as:
- The estimated value of the market was USD 815.55 billion in the year 2020.
- U.S. Packaged Food & Beverages in North America held the largest market share in the year 2020.
- Based on Packaging Material, Rigid emerged as a key segment in the U.S. Packaged Food & Beverages market.
- Based on Product Type, Beverages emerged as a key segment in the U.S. Packaged Food & Beverages market.
- Key players are likely to focus on product innovations and expansion through mergers to retain their positions in developed markets.
“Consumers are rapidly shifting their preferences from homemade cooking food to RTE meals. Preventing consumers’ time and efforts due to the changing lifestyle have boosted the national demand for RTE food products. Prepared or ready meals are an enormously convenient substitute for dual-earning households and students across the country. Besides, consumers are willing to pay a premium price for higher-quality expedient foods that are favorably improving the growth of the U.S. Packaged Food & Beverages Market. In addition to this, millennial consumers are winning traction for RTE stew, soup, sandwiches, burgers, and salads in the U.S. Food & Beverage market. Increased demand for exotic flavors in beverages is enhancing the regional market extension. Besides, bakery and confectionery products, dairy products, and snacks, and nutritional bars are also justifying the consequent growth of the U.S Packaged Foods & Beverages Market”, according to this report
Packaged food and beverages is the packaging provided for food to protect them from tampering resistance, and certain physical, chemical, or biological needs. Carons, coated packaging, cans, boxes, bags, trays, aseptic protecting, pallets, and wrappers are several significant types of food and beverage packing. It may also stand some nutrition facts label and other information about food being offered for sale. The packaging and labels are used by marketers to boost potential buyers to purchase the product. Aesthetically attractive and eye-appealing food exhibitions are encouraging people to ponder the contents. Packaging of food and beverages reduces the security risk of shipments.
U.S. Packaged Food & Beverages Market is segmented by Rigid, Semi-Rigid, and Flexible. The Rigid segment is anticipated to dominate the U.S. Packaged Food & Beverages Market. Rigid packaging is extensively used owing to its approving properties such as a strong barrier to light, moisture, and oxygen, which helps in preventing the food from getting soiled. North America is projected to be the largest merging market for rigid food packaging, due to rising consumer demand for packaged food that offers nutritional value and convenience. The U.S. market is also mounting its demand for the Semi-Rigid segment that includes dairy products, fresh sandwich packs, and bakery and confectionery products. Consequently, increased ingesting of milk and dairy products and bakery and confectionery products is expected to drive the demand for semi-rigid food packaging in the coming years that will propel the U.S. Packaged Food & Beverages Market.
Key Players in the Market
- Some of the key players operating in the U.S. Packaged Food & Beverages Market are Nestlé, Stamford, CT, PepsiCo., Inc., Tyson Foods, Archer Daniels Midland Company, Kraft-Heinz Company, Danone, White Plains, NY, Unilever, Minneapolis, MN, Get Valuable Insights into U.S. Packaged Food & Beverages Market.
In the new report, CRI Report thrives to present an unbiased analysis of the U.S. Packaged Food & Beverages Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2030. The study includes compelling insights into growth that is witnessed in the market. U.S. Packaged Food & Beverages market is segmented by Packaging Material into Rigid, Semi-Rigid and Flexible; By Product Type into Seafood, Meat & Poultry, Milk & Dairy, Oils, Fruits & Vegetables, Beverages, and Others. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.
