News
US food market to grow 2.9%
30 Mar 2016The U.S. food industry is forecast to grow at a steady rate of 2.9% CAGR through 2022, according to the just-released 2016 Food Packaging Trends and Advances report from PMMI, the Association for Packaging and Processing Technologies.
The U.S. food industry is forecast to grow at a steady rate of 2.9% CAGR through 2022, according to the just-released 2016 Food Packaging Trends and Advances report from PMMI, the Association for Packaging and Processing Technologies.
Based on interviews from 70 professionals across the food processing and packaging industry in the U.S. and overseas, the study forecasts that meat and related products and snack foods will outperform the market with over 3% growth. The growth in these two segments is attributed to consumer demand for portion control and convenience options.According to the report, the U.S. food industry trails the global market and, while North America is the largest global market across all food segments, the overall growth of the food industry, which includes food packaging, is being driven by emerging markets like Argentina, Brazil, China and India.Global growth rates for most segments are double U.S. growth rates, the report says, except for meat and related products (8.5%), and candy and confections (8%), which have higher rates of global growth compared to those of the United States.U.S. food packaging innovations are often concepts that are already in use in other segments and innovations from other countries are beginning to enter the U.S. food packaging market, the report says. One trend that meat manufacturers find exciting is a product with a film that opens during cooking which allows the meat to brown after a pre-determined period of time.The most innovative food industry segments are said to be:+ Snack Foods: Recycled and biodegradable materials for salty snacks; stylish, vivid graphics and shapes for single-serve packs+ Meat and Related Products: New films to keep meat fresher longer; active labels to sense when meat is past its expiration+ Fruits and Vegetables: Clear, tactile films to make consumers pause and consider the product; more single-serve packaging+ Pet Food: More recycled materials in packaging; single-serve containers to differentiate niche or premium productsThe report notes that consumer demand continues to drive the industry, as noted in the current major packaging trends: convenience, flexibility, safety, sustainability and technology.Related news
Sustainability meets innovation at Fi Europe 2023's Sustainability Ingredients Zone
9 Jan 2024
Fi Europe’s Sustainable Ingredients Zone showcases ingredients forging a path toward a greener future. Three innovators are redefining what sustainability within the food and beverage industry means, with upcycled products, regenerative agriculture, an...
Read moreUnleashing the power of plants at Fi Europe’s New Product Zone
5 Jan 2024
In the diverse landscape of plant-based innovation, Fi Europe 2023's New Product Zone spotlighted ten plant-based ingredients, tailored to meet the rising demand for sustainable and delicious options.
Read moreMeet the innovative ingredients showcased at Fi Europe’s New Product Zone
3 Jan 2024
The Food Ingredients category at Fi Europe’s New Product Zone featured 19 distinct and innovative products. From fermented delights to sustainable proteins, these ingredients are ready to make their mark in the market.
Read moreFi Europe’s New Product Zone elevates the nutrition of everyday indulgences
22 Dec 2023
At Fi Europe 2023's New Product Zone, eight health ingredients, each offering an enhanced nutritional profile of various products, were on display. These ingredients address the evolving needs of the food and beverage industry and cater to consumers se...
Read moreFi Europe’s New Product Zone explores fresh possibilities with five natural ingredients
20 Dec 2023
Fi Europe 2023's New Product Zone unveils five natural ingredients, each catering to the growing demand for clean products and embodying ethical and sustainable choices for today's conscious consumers.
Read moreWater-conscious consumers, upcycled food, and tech-driven sustainability: Highlights from Fi Europe, part 2
14 Dec 2023
With climate change becoming a tangible reality, consumers’ environmental concerns are changing. At Fi Europe, market analysts revealed how people are now interested in everyday issues like water shortages and tech-driven solutions such as GM drought-r...
Read moreThe food industry’s single-use packaging problem
12 Dec 2023
The food industry’s reliance on single-use packaging is a sustainability “sticking point” with viable alternatives not widely available – but new EU rules mean food businesses will remain responsible for the collection and disposal of the packaging the...
Read moreSnack trends, ingredient claims, and plant-based perceptions: Highlights from Fi Europe 2023, part 1
7 Dec 2023
Value-led snacking, sustainability storytelling, and the importance of having a ‘star ingredient’: we asked consumer analysts and market experts at Fi Europe about the trends and innovations that are shaping the food industry.
Read moreHELM and Allied Biotech partnership make possible natural crystal-clear colours
7 Nov 2023
As one of the leading Carotenoid producers, Allied Biotech has successfully launched the clear colour product lines. The new products are mainly used in transparent applications. Clear colours are ideal candidates for replacement of the artificial colo...
Read moreImpact taste in your recipe substantially - through Chilled-Fresh ingredients
29 Sep 2023
Bresc is the European pioneer of Chilled-Fresh ingredients for culinary professionals that has its origins in French Cuisine. While focusing on best raw materials choice, Bresc’s recipes are conceived to inspire product development and to add-up in tas...
Read more