Food - United States

United States

Revenue in the Food market amounts to US$832.10bn in 2024. The market is expected to grow annually by 4.01% (CAGR 2024-2029).
The market's largest segment is the segment Confectionery & Snacks with a market volume of US$135.20bn in 2024.
In global comparison, most revenue is generated in China (US$1,601bn in 2024).
In relation to total population figures, per person revenues of US$2,409.00 are generated in 2024.
In the Food market, 23.5% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 183.80bn kg by 2029. The Food market is expected to show a volume growth of 1.8% in 2025.
The average volume per person in the Food market is expected to amount to 483.00kg in 2024.

Key regions: United States, Canada, China, India, South Korea

Definition:

The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.

Structure:

The market consists of 13 different markets:

The Dairy products & Eggs market covers animal products, such as milk, eggs and products made from mammal’s milk and non-animal products, such as milk substitutes. This market is divided into six subsegments that include milk, milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
The Meat market covers animal products, such as pork, poultry, and free-from meat products, such as meat substitutes. This market is divided into three submarkets: fresh meat, processed meat, and meat substitutes.
The Fish & Seafood market covers products made from fish and seafood. This market is divided into three submarkets: fresh fish, fresh seafood, and processed fish & seafood.
Fruits & Nuts cover edible fruits and nuts. This market is divided into three submarkets: fresh fruits, processed & frozen fruits, and nuts.
The Vegetables market covers edible plants. This market is divided into two submarkets: fresh vegetables, processed & frozen vegetables.
The Bread & Cereal products market covers baked goods made from dough. Dough is made using flour, water, a leavening agent, and other optional ingredients. This market also covers products made from cereals that are usually used as part of a main meal. This market is divided into five submarkets: bread, pasta, rice, breakfast cereals and other cereal products.
The Oils and Fats market covers both edible oils and fats made from animals and plants. This market is divided into four submarkets: butter, margarine, edible oils, and other oils & fats.
The Sauces and Spices market covers additional ingredients used during the food preparation process and is divided into three submarkets: tomato ketchup, other sauces, and spices & culinary herbs.
The Convenience food market covers prepared food and meals that require little effort to prepare. This market is divided into two subsegments, soups and ready-to-eat meals.
The Spreads and Sweeteners market covers spreads and ingredients added to food or beverages to give it a sweet flavor. This market is divided into two subsegments, spreads and sweeteners.
The Confectionery & Snacks market covers sweet, savory, and salty food. This market is divided into two subsegments, confectionery and snacks.
The Baby food market covers food that is only meant to be consumed by babies and small children.
The Pet food market covers food that is intended for pet use only.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included. The out-of-home revenue data is only shown as a separate box at the market level.

For more information on the displayed data, click the info button on the right side of each box.

Market

Region

Region comparison

Currency

Analyst Opinion

The Food market in the United States is experiencing slow growth, influenced by factors such as changing consumer preferences, increasing competition, and fluctuating commodity prices. The sub-markets within the food industry, such as Dairy Products & Eggs and Meat, are also facing challenges due to health concerns and supply chain disruptions. Despite these obstacles, convenience and innovation continue to drive the market forward.

Customer preferences: Consumers in The Food market market are increasingly gravitating towards healthier and more sustainable food options. This shift is driven by a growing awareness of the impact of food choices on personal health and the environment. As a result, there is a rising demand for plant-based and organic products, as well as a preference for locally grown and ethically sourced ingredients. In addition, the rise of social media and food bloggers has also influenced consumer preferences, with a focus on visually appealing and Instagram-worthy dishes. This trend towards conscious and mindful consumption is expected to continue shaping the food industry in the coming years.

Trends in the market: In the United States, The Food market is seeing a surge in demand for organic and locally sourced products, driven by consumers' increasing interest in health and sustainability. This trend is expected to continue, with industry experts predicting a 14% growth in the organic food market by 2025. In addition, there is a growing trend towards plant-based diets, with more consumers opting for plant-based alternatives to traditional meat and dairy products. These trends present opportunities for industry stakeholders to innovate and cater to evolving consumer preferences, while also addressing concerns around food safety and environmental impact.

Local special circumstances: In the United States, The Food market is greatly influenced by cultural diversity and regional variations in food preferences. Each state has its own unique cuisine, and this diversity is also reflected in the products available in the market. For example, in the southern states, there is a high demand for fried foods and barbeque, while in the Northeast, there is a preference for seafood and Italian cuisine. Additionally, there are regulatory differences between states that affect food production and distribution. For instance, California has stricter regulations on organic food, leading to a higher demand for organic products in the state. These regional and cultural factors greatly impact the dynamics of The Food market in the United States.

Underlying macroeconomic factors: The Food market market in the United States is heavily influenced by macroeconomic factors such as consumer spending patterns, government policies, and global trade dynamics. The overall economic health of the country plays a significant role in shaping the performance of the market, as it affects consumer purchasing power and market demand. Furthermore, fiscal policies, such as tax rates and subsidies, can impact the cost and availability of food products, ultimately influencing market trends. In addition, global economic trends, such as fluctuating commodity prices and trade agreements, can also have a significant impact on The Food market in the United States. Overall, a stable economy and favorable government policies are crucial for sustained growth in the US food market.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.