US shipments of processed food are forecast to reach $808 billion in 2021.
CLEVELAND, March 20, 2017 /PRNewswire/ -- US shipments of processed food are forecast to reach $808 billion in 2021, according to Processed Food: United States, a report recently released by Freedonia Focus Reports. Dairy products are expected to post the fastest shipments growth, due to consumer demand for snacks with more natural ingredients and higher amounts of protein.
Dairy product suppliers also stand to benefit from economic trends in major export markets such as China. Dry, condensed, and evaporated products dominate exports in the dairy segment. After a series of food safety scandals, many consumers in China came to rely on international brands due to their reputation for quality. Exports also represent a key driver of growth for meat, poultry, and seafood suppliers, especially as trade restrictions are lifted in key markets such as Japan and South Korea.
These and other key insights are featured in Processed Food: United States. This report forecasts US processed food shipments in US dollars at the manufacturers' level to 2021.
Total shipments are segmented by product in terms of:
- meat, poultry, and seafood
- grains and oilseeds
- dairy products
- bakery and related products
- animal food
- processed fruits and vegetables
- sugar and confectionery products
- other products such as frozen specialties and roasted nuts.
To illustrate historical trends, total shipments, the various segments, and trade are provided in annual series from 2006 to 2016.
More information about the report is available at https://www.freedoniafocusreports.com/Processed-Food-United-States-10693805/
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Consumer Goods reports can be purchased at www.freedoniafocusreports.com or marketresearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
SOURCE The Freedonia Group