CLEVELAND, Sept. 28, 2016 /PRNewswire/ -- US shipments of grain-based foods are forecast to reach $110 billion in 2020, representing annual gains of 2.0% from $99.8 billion in 2015. Advances in output will be supported by rising demand, driven by growth in population and disposable personal incomes.
These findings are featured in Grain-Based Foods: United States, a report recently released by Freedonia Focus Reports, a division of The Freedonia Group.
Producers Looking to Healthier Grains
Grain-based food producers stand to benefit from new product offerings that feature novel ingredients and/or healthier profiles. However, the confluence of market saturation and ongoing concerns over the nutritional content of many of these foods will curb additional growth in demand and corresponding industry output.
The full report, Grain-Based Foods: United States, forecasts US grain-based food shipments in US dollars at the manufacturer's level to 2020. Total shipments are segmented by product in terms of:
- commercial and retail bakery products
- tortillas, dry pasta, and dough
- frozen products
- cookies and crackers
- breakfast cereal
- other products such as corn chips and perishable prepared foods.
The scope of the report includes food items for human consumption, and excludes feed for animals such as pets and livestock. Soybean products are also excluded.
To illustrate historical trends, total shipments and the various segments are provided in annual series from 2005 to 2015.
Please link any media or news references to our reports or data back to www.freedoniagroup.com.
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. 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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/freedonia-focus-reports-us-shipments-of-grain-based-foods-on-the-rise-300334966.html
SOURCE The Freedonia Group