Reasons to Read

With the supply chain, inflation and other macroeconomic pressures experienced in 2022—and the economic uncertainty many consumers feel in 2023—food and beverage consumer packaged goods (CPG) companies are looking for innovative ways to engage with consumers and cater to their needs.

We look at five key food trends in the US CPG market, namely the technologies, initiatives and innovations CPG companies are using to address changing consumer demands around health and wellness, transparency and sustainability.

Data in this report include:

• The US edible CPG segment size for 2017 through 2026E
• Proprietary survey data on the most important types of environmental sustainability initiatives to consumers
• Types of plant-based products purchased by consumers in 2022
• Consumers’ leading indicators in determining the transparency of food brands and retailers
• Emerging technologies that CPG manufacturers planned to adopt by the end of 2022

Companies mentioned in this report include: Kellogg, Mars Wrigley, Mondelēz International, Nestlé, PepsiCo and Unilever

Other relevant research:

• Five Key Strategies for CPG Companies to Tackle Inflation and Changing Consumer Behavior in 2023
• Market Outlook: US CPG—Growth Led by Price Hikes Amid Macroeconomic Volatility
• 10 Trends in the US CPG Market
• Explore CPG data, reports and company profiles on the Coresight Research Food, Grocery and CPG Retail Hub