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Ohio Ag News Headlines |
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U.S. Processed Food Makers Look East for Opportunities
Ohio Ag Connection - 03/21/2017
U.S. shipments of processed food are forecast to reach $808 billion in 2021, according to Processed Food: United States, a report recently released by Freedonia Focus Reports, Cleveland. Dairy products are expected to post the fastest shipments growth,
due to consumer demand for snacks with more natural ingredients and higher amounts of protein.
Dairy product suppliers also stand to benefit from economic trends in major export markets such as China. Dry, condensed, and evaporated products dominate exports in the dairy segment. After a series of food safety scandals, many consumers in China came
to rely on international brands due to their reputation for quality. Exports also represent a key driver of growth for meat, poultry, and seafood suppliers, especially as trade restrictions are lifted in key markets such as Japan and South Korea.
These and other key insights are featured in Processed Food: United States. This report forecasts U.S. processed food shipments in U.S. dollars at the manufacturers' level to 2021.
Total shipments are segmented by product in terms of:
- meat, poultry, and seafood
- grains and oilseeds
- dairy products
- bakery and related products
- animal food
- processed fruits and vegetables
- sugar and confectionery products
- other products such as frozen specialties and roasted nuts.
To illustrate historical trends, total shipments, the various segments, and trade are provided in annual series from 2006 to 2016.
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