Americas Food Market Opportunities, Trends, Growth Analysis and Forecast to 2028

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Published: April 10, 2024 Report Code: GDCG240001RS-ST

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Americas Food Market Overview

The Americas food market was valued at $1.28 trillion in 2023. The Americas was the second-largest market in the global food industry in 2023 and will garner a CAGR of more than 4% during 2023-2028.

Americas Food Market Outlook 2023-2028 ($ Trillion)

Americas Food Market Outlook 2023-2028 ($ Trillion)

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The Americas food market report provides an overview of the current food industry scenario regarding the outlook in terms of ingredients, product claims, labeling, distribution, and packaging. The analysis also covers a regional overview across five regions including Asia-Pacific, Middle East & Africa, Americas, Western Europe, and Eastern Europe. The report highlights industry size, growth drivers, latest developments, and future inhibitors for the regions.

Market size 2023 $1.28 Trillion
CAGR % >4%
Review Period 2017-2023
Forecast period 2023-2028
Key Categories ·       Meat

·       Bakery & cereals

·       Dairy & soy food

·       Savory snacks

·       Confectionery
Key Countries ·       The US

·       Brazil

·       Mexico

·       Canada
Key Distribution Channel ·       Hypermarkets & Supermarkets

·       Food & Drinks Specialists

·       Convenience Stores

·       E-retailers
Key Packaging Materials ·       Flexible Packaging

·       Rigid Plastics

·       Paper & Board

·       Rigid Metal

·       Glass
Key competitors ·       PepsiCo

·       Nestlé

·       The Kraft Heinz Company

·       Grupo Bimbo

·       General Mills
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Americas Food Market Segmentation by Countries

The key countries in the Americas food market are the US, Brazil, Canada, and Mexico. Among these high-potential countries, the US accounted for the largest market share of the food industry in 2023, in both value and volume terms.

Americas Food Market Analysis by Countries, 2023 (%)

Americas Food Market Analysis by Countries, 2023 (%)

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Americas Food Market Segmentation by Categories

The key categories in the Americas food market are meat, bakery & cereals, dairy & soy food, savory snacks, confectionery, and others. In 2023, the meat sector accounted for the highest value share, followed by bakery & cereals. The savory snacks sector will register the fastest value and volume growth over 2023–27.

Americas Food Market Analysis by Categories, 2023 (%)

Americas Food Market Analysis by Categories, 2023 (%)

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Americas Food Market Segmentation by Distribution Channels

The key distribution channels in the Americas food market are hypermarkets & supermarkets, food & drinks specialists, convenience stores, and e-retailers among others. Hypermarkets & supermarkets was the leading distribution channel in the Americas food industry in 2023.

Americas Food Market Analysis by Distribution Channel, 2023 (%)

Americas Food Market Analysis by Distribution Channel, 2023 (%)

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Americas Food Market Segmentation by Packaging Material

The key packaging materials in the Americas food market are flexible packaging, rigid plastics, paper & board, rigid metal, and glass. Flexible packaging was the most used pack material in 2023, accounting for more than 52% share, followed by rigid plastics. Additionally, bag/sachet was the most-used pack type in 2023, followed by film and tray pack type.

Americas Food Market Analysis by Packaging Material, 2023 (%)

Americas Food Market Analysis by Packaging Material, 2023 (%)

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Americas Food Market - Competitive Landscape

The key brands in the Americas food market are PepsiCo, Nestlé, The Kraft Heinz Company, Grupo Bimbo, and General Mills among others. PepsiCo led the Americas food industry in 2023. The company garnered the highest American food market share through its brands including Cheetos, Doritos, Lay’s, and Ruffles among others.

Americas Food Market Analysis by Company, 2023 (%)

Americas Food Market Analysis by Company, 2023 (%)

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Segments Covered in the Report

Americas Food Market Outlook, Segmentation by Categories (Value, 2018-2028, $ Trillion)

  • Meat
  • Bakery & cereals
  • Dairy & soy food
  • Savory snacks
  • Confectionery
  • Others

Americas Food Market Outlook, Segmentation by Country (Value, 2018-2028, $ Trillion)

  • The US
  • Brazil
  • Canada
  • Mexico

Americas Food Market Outlook, Segmentation by Distribution Channels (Value, 2018-2028, $ Trillion)

  • Hypermarkets & supermarkets
  • Food & drinks specialists
  • Convenience stores
  • E-retailers
  • Others

Americas Food Market Outlook, Segmentation by Packaging Material (Value, 2018-2028, $ Trillion)

  • Flexible Packaging
  • Rigid Plastics
  • Paper & Board
  • Rigid Metal
  • Glass

Scope

The report provides an overview of the current food industry scenario regarding the future outlook in terms of ingredients, product claims, labeling, distribution, and packaging. The analysis also covers a regional overview across five regions – Asia-Pacific, Middle East & Africa, Americas, Western Europe, and Eastern Europe – highlighting industry size, growth drivers, latest developments, and future inhibitors for the regions.

Key Highlights

  • Manufacturing and retailers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the industry in the region.

  • The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape, and demographic analysis, that can help companies gain insight into the country-specific nuances.

  • The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region that can help companies in revenue expansion.

  • To gain competitive intelligence about leading brands in the industry in the region with information about their market share and growth rates.

Reasons to Buy

  • The report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the industry in the region.

  • The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape, and demographic analysis, that can help companies gain insight into the country-specific nuances.

  • The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region that can help companies in revenue expansion.

  • To gain competitive intelligence about leading brands in the industry in the region with information about their market share and growth rates.

PepsiCo
Nestlé
Kraft Heinz
Grupo Bimbo
General Mills

Table of Contents

Executive Summary

Market Environment

Market Size Analysis – Americas Compared with Other Regions

Value and Volume Growth Analysis by Region

Americas Market Growth Analysis by Country

Americas Market Growth Analysis by Sector

High-Potential Countries’ Analysis

Methodology – Identifying High-Potential Countries

Top Four High-Potential Countries in the Americas

Overview of High-Potential Countries in the Americas

Growth Contribution Analysis by Country (1/3)

Growth Contribution Analysis by Country (2/3)

Growth Contribution Analysis by Country (3/3)

Value Share Analysis of Food Sectors

Change in Value Consumption Levels by Country and Sector

Per Capita Consumption Analysis

Per Capita Expenditure Analysis

Country Deep Dive

Overview of the Canadian Food Industry

Canada: Demographic Analysis

Canada: Market Size Analysis of Top 10 Cities

Canada: Market Size Analysis of Top 10 Cities by Sector

Key Trends in the Canadian Food Industry

Overview of the Brazilian Food Industry

Brazil: Demographic Analysis

Brazil: Market Size Analysis of Top Nine Cities

Brazil: Market Size Analysis of Top Nine Cities by Sector

Key Trends in the Brazilian Food Industry

Overview of the US Food Industry

United States of America: Demographic Analysis

United States of America: Market Size Analysis of Top 10 Cities

United States of America: Market Size Analysis of Top 10 Cities by Sector

Key Trends in the US Food Industry

Overview of the Mexican Food Industry

Mexico: Demographic Analysis

Mexico: Market Size Analysis of Top 10 Cities

Mexico: Market Size Analysis of Top 10 Cities by Sector

Key Trends in the Mexican Food Industry

Success Stories

About Success Stories

Case Study: Cavendish Farms’ Mini Quick Cook Hash Brown Patties

Case Study: Bellwether Farms’ A2 Organic Yogurt

Case Study: Barcel USA’s Takis Hot Nuts Fuego

Competitive Environment

Leading Companies’ Shares in the Americas Food Industry

Brand Share Analysis of Top Five Companies

Leading Companies in the Americas Food Industry

Leading Brands in the Americas Food Industry

Private Label Penetration in the Americas Food Industry

Health & Wellness Analysis

Value Share Analysis of Health & Wellness Market

Key Product Attributes and Consumer Benefits

Leading Health & Wellness Companies by Sector

Distribution Analysis

Leading Distribution Channels by Country

Leading Distribution Channels by Sector

Packaging Analysis

Growth Analysis by Key Pack Material and Pack Type

Growth Analysis by Closure Type and Primary Outer Type

Challenges and Outlook

Key Challenges in the Americas Food Industry

Outlook for the Americas Food Industry

Select Industry Metrics

Global Food Industry Patent Filings, 2023

Food Industry Patent Filings by Leading Companies, 2023

Total Food Industry Patent Filings for Key Markets, 2023

Total Job Postings in the Food Industry by Company, 2023

Active Jobs in Food Industry by Theme, 2023

Deals in the Food Industry by Geography, 2023

Appendix

Definitions

About GlobalData

Table

Regional comparison: market size, growth, and per capita analysis, 2023–28

Overview of high-potential countries in the Americas

Sector value shares of food industry, by country, 2023

Change in consumption of sector within food industry (value terms), by country, 2023–28

Canada: Volume analysis of top 10 cities (%), 2018–23

Canada: Volume analysis of top 10 cities by sector (%), 2023

Brazil: Volume analysis of top nine cities (%), 2018–23

Brazil: Volume analysis of top nine cities by sector (%), 2023

United States of America: Volume analysis of top 10 cities (%), 2018–23

United States of America: Volume analysis of top 10 cities by sector (%), 2023

Mexico: Volume analysis of top 10 cities (%), 2018–23

Mexico: Volume analysis of top 10 cities by sector (%), 2023

Top five companies’ shares by brand (in value terms) in the food industry, 2023

Private label penetration (in value terms) in the food industry, 2023

Health & wellness value and its share in overall sales, 2017–22

Shares of key product attributes and benefits in high-potential countries in the Americas, 2022

Leading distribution channels in the Americas by country, 2023

Leading distribution channels in the Americas by sector, 2023

Figures

Annual value growth analysis by region, 2023–28

Annual volume growth analysis by region, 2023–28

Volume growth analysis of countries compared with regional average growth

Country value size and CAGR analysis grid based on regional average

Value and volume growth analysis by sector in the Americas, 2023–28

Country-level contribution to growth of meat sector in the Americas, 2023–28

Country-level contribution to growth of bakery & cereals sector in the Americas, 2023–28

Country-level contribution to growth of dairy & soy food sector in the Americas, 2023–28

Country-level contribution to growth of savory snacks sector in the Americas, 2023–28

Country-level contribution to growth of confectionery sector in the Americas, 2023–28

Country-level contribution to growth of other sectors in the Americas, 2023–28

Per capita consumption by sector in the Americas by country, 2023

Per capita expenditure by sector in the Americas by country, 2023

Canada: Sector share

Canada: Demographic analysis

Canada: Volume analysis of top 10 cities (%), 2018–23

Brazil: Sector share

Brazil: Demographic analysis

Brazil: Volume analysis of top nine cities (%), 2018–23

United States of America: Sector share

United States of America: Demographic analysis

United States of America: Volume analysis of top 10 cities (%), 2018–23

Mexico: Sector share

Mexico: Demographic analysis

Mexico: Volume analysis of top 10 cities (%), 2018–23

Leading companies in the Americas food industry by value sales (% share), 2023

Leading companies in the Americas food industry by value sales ($ million), 2023

Leading brands (and private label) in the Americas food industry by value sales ($ million), 2023

Key pack material volume (units) share, 2023

Unit volume growth by pack material, 2018–28

Key pack type volume (units) share, 2023

Unit volume growth by pack type, 2018–28

Key closure type volume (units) share, 2023

Unit volume growth by closure type, 2018–28

Key primary outer type volume (units) share, 2023

Unit volume growth by primary outer type, 2018–28

Global food industry patent filings, 2023

Food industry patent filings by leading companies, 2023

Total food industry patent filings for key markets, 2023

Total job postings in the food industry by company, 2023

Active jobs in food industry by theme, 2023

Deals in the food industry by geography, 2023

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