U.S. Packaged Food Market - Consumers Seek out Ethnic & Bold Flavours - New Industry Report

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Mar 12, 2012, 05:15 ET

DALLAS, March 12, 2012 /PRNewswire/ --

ReportsnReports adds new market research report 'Packaged Food in the US' to its store. Americans have become more adventurous eaters. The interest in ethnic food has exploded in recent years due to the growth in the Asian and Hispanic populations, as well as increased exposure to other cuisines through television and the internet. The Millennial generation (born between 1980 and 2000) is driving the demand for ethnic food and bolder and spicier flavours. In turn, packaged food manufacturers are spicing up their offerings to respond to consumer tastes. Inspired by the growth of Asian and Mexican restaurants and food trucks, frozen ready meals and sauce companies have introduced more Asian and Latin flavours. Driven by the popularity of Thai sriracha sauce, spicy chili/pepper sauces registered the highest total volume sales growth in sauces, dressings and condiments in 2011.

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The US packaged food industry recorded faster current value growth in 2011 than in 2010 due to the rise in commodity prices. However, the current value growth rate for 2011 was slower than the review period CAGR. In retail volume terms, many categories saw slower growth rates in 2011 as Americans resumed dining out. Growth over the review period as a whole have been driven by increased cooking at home, in response to the recession, and the sharp rise in commodity prices in 2008. After declining in 2009, commodity prices increased in 2010 and 2011 putting upward pressure on unit prices. Chocolate confectionery and dairy product makers were forced to pass on some of the rise in cocoa and milk prices to consumers.

Broadly the report covers following United States (US) food market segments / categories:

Foodservice
Impulse & Indulgence Products
Nutrition / Staples
Meal Solutions
Baby Food
Baked Goods
Biscuits
Breakfast Cereals
Canned / Preserved Food
Cheese
Chilled Processed Food
Chocolate Confectionery
Dried Processed Food
Drinking Milk Products
Frozen Processed Food
Gum
Ice Cream
Meal Replacement
Noodles
Oils and Fats
Other Dairy
Pasta
Ready Meals
Sauces, Dressings and Condiments
Snack Bars
Soup
Spreads
Sugar Confectionery
Sweet and Savoury Snacks
Yoghurt and Sour Milk Drinks

Company Profiles covered in the report:

Campbell Soup Co in Packaged Food (USA)
Chiquita Brands Inc in Packaged Food (USA)
ConAgra Foods Inc in Packaged Food (USA)
Dole Food Co Inc in Packaged Food (USA)
Frito-Lay Co in Packaged Food (USA)
General Mills Inc in Packaged Food (USA)
Heinz Foodservice in Packaged Food (USA)
Hormel Foods Corp in Packaged Food (USA)
JM Smucker Co, The in Packaged Food (USA)
Kraft Foods Inc in Packaged Food (USA)
Nestlé USA Inc in Packaged Food (USA)
Sara Lee Foodservice in Packaged Food (USA)
Schwan Food Co, The in Packaged Food (USA)
Unilever Food Solutions in Packaged Food (USA)

Complete report available for purchase @ http://www.reportsnreports.com/reports/150486-packaged-food-in-the-us.html.

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