The Market value (retail sales value) of Food Industry in United States of America attained a value of USD 649,225.77 Millions in 2020
The Industry recorded a historical growth (CAGR) of 3.54% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the Industry to grow at a CAGR of ...
The food industry in the US recorded a low single-digit YoY growth in 2020, and a low single-digit Compound Annual Growth Rate (CAGR) between 2017-20.
PepsiCo, Tyson Foods, General Mills, Mondelez, and Campbells Soup held the top five leading market positions in the Food industry in the US.
Tyson, Frito-Lay, Nabisco, Hershey`s, and Kraft were the leading brands in the food industry.
Food products include Bakery & Cereals, Food, Dairy & Soy Food, Fish & Seafood, Ice Cream, Meat, Meat Substitutes, Oils and Fats, Other Canned food, Other Dried food, Other Frozen Food, Pasta & Noodles, Prepared Meals, Savory & Deli Foods, Savory Snacks, Seasonings, Dressings & Sauces, Soups, Syrups & Spreads, Beans & Pulses.
PepsiCo leads the Food industry in the US in 2020
PepsiCo was the leading company (by value) in the food market in the US in 2020, with more than 15 brands operating under its trademark. Frito-Lay brand was the biggest contributor to the company’s food sales in the US. Quaker, Ruffles, Funyuns, and Rold Gold are some of the other major brands covering food market in the US under the trademark of PepsiCo.
Tyson Foods ranked second ranked second in the food industry in the US
Tyson Foods was the second largest company in the food market in the US in 2020. Tyson, Hillshire Farm, Ballpark, Jimmy dean, and Weaver were among some of the key brands tending to the food needs of the population in the US under Tyson Foods, with a bigger chunk of the food items sale (by value) coming from its flagship brand Tyson.
The other leading market positions in the Food market in the US were held by General Mills, Mondelez, and Campbells Soup
General Mills, Mondelez, and Campbells Soup were among some of the other prominent companies in the Food market in the US, owning brands such as General Mills, Kraft, and Campbell`s.
Market Fragmentation: The market is highly fragmented, with the top five players together commanding more than a tenth of the market share in the US.
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