Branded Food Staple Market Trends, and Growth Prediction 2023-2030

1. The branded food staple market is on the cusp of remarkable growth, with projections indicating it will reach a staggering $93 billion by the end of 2030, according to a comprehensive report by Fairfield Market Research. The market, which was valued at approximately $58.3 billion, is poised to experience a healthy Compound Annual Growth Rate (CAGR) of 6.9% between 2023 and 2030. Increasing Demand for Ethnic and Global Flavors One of the key drivers behind this growth is the surging demand for ethnic and global flavors. Food businesses have been quick to respond by incorporating a wide array of international flavors into their product lines, including Mexican, Indian, Thai, and Mediterranean cuisines. This expansion encompasses spices, sauces, seasonings, and condiments, catering to the diverse tastes of consumers worldwide. Rapidly Expanding Health and Wellness Trends The report also highlights the rapidly expanding health and wellness trends. Consumers are increasingly seeking organic and non-GMO food essentials, willing to pay a premium for products produced without genetically modified organisms and industrial pesticides. Brands are responding by offering organic variations of their standard goods, tapping into this growing market segment. Challenges in the Health-Conscious Era However, in this health-conscious era, some branded food staples may face challenges. Products perceived as less healthy due to additives, preservatives, or excessive amounts of sugar, salt, or fat could experience reduced sales as consumers become more discerning about their food choices. Grains Dominate, Spices Set to Soar In 2022, the grains category dominated the industry, with wheat flour being a staple ingredient for various products, including bread, rolls, and specialty bread like whole grain and artisanal loaves. Meanwhile, the spices segment is expected to be the fastest-growing, with cinnamon leading the way due to its versatility in both savory and sweet foods. B2B Dominates, B2C on the Rise The B2B category led the industry in 2022, driven by manufacturers and producers of branded food staples who handle sourcing raw materials, processing, packaging, and branding their products. However, the B2C segment is anticipated to witness substantial growth throughout the projected period, with consumers increasingly seeking healthier options and sustainable packaging. North America Leads, Asia Pacific Grows Rapidly North America is expected to dominate the branded food staple market during the forecast period, driven by the popularity of alternative proteins and plant-based diets. On the other hand, Asia Pacific is set to be the fastest-growing region, with a rising middle class demanding high-quality branded food staples and a preference for brands that guarantee reliability and food safety. Innovation, Technology, and Sustainability The report emphasizes the importance of innovation, technological advances in production and packaging, and sustainability in shaping the industry. Brands that prioritize eco-friendly practices and packaging align with consumers' sustainability values and are likely to gain traction.

2. Key Players in the Market The global branded food staple market is experiencing consolidation, with fewer well-known companies dominating the landscape. Leading companies include Nestlé, Kraft Heinz Company, General Mills Inc., The Kellogg Company, Unilever, Mars Incorporated, The Coca-Cola Company, PepsiCo Inc., Mondelez International Inc., Archer Daniels Midland Company, Conagra Brands, The J.M. Smucker Company, McCormick & Company, Hormel Foods Corporation, and The Campbell Soup Company. Global Branded Food Staple Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Product Type Coverage, By Distribution Channel Coverage, By Geographic Coverage and Leading Companies): https://www.fairfieldmarketresearch.com/report/branded-food-staple-market Read Our Report: Branded Food Staple Market: https://www.linkedin.com/pulse/branded-food-staple-market-trends-size-analysis-forecast-rajawat- yhacf About Us Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness. Contact Fairfield Market Research London, UK UK +44 (0)20 30025888 USA (Toll-free) +1 (844) 3829746 Web: https://www.fairfieldmarketresearch.com/ Email: sales@fairfieldmarketresearch.com LinkedIn | Twitter