Deep Dive 21 minutes PremiumFive Trends in US Food CPG: Transparency, Sustainability and Technology Lead the Way Arun Sriram, Analyst Sector Lead: Anand Kumar, Associate Director of Research April 18, 2023 Table of ContentsIntroduction Market Scale and Opportunity Five Key Food Trends in US CPG: Coresight Research Analysis 1.Increased Use of Technology and Science-Backed Innovation 2. Plant-Based Food Products Are Here To Stay 3. Rising Consumer Demand for Transparency and Sustainability 4. The Food-as-Medicine Concept Will Continue To Gain Popularity 5. Large Food and Beverage CPG Companies Will Continue Expanding Through M&A What We Think What's InsideWith 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 This report is for Premium subscribers only. Learn more about subscriptions here.If you are a Premium subscriber, please log in. Other research you may be interested in: