The market is dominated by domestic suppliers, as imports account for 14.8% of total market size in 2022. Households drive market demand, with household spending representing 66.1% of total demand in 2022. The US has the largest market size for coffee, tea, spices and ready meals across the top 20 developed countries, with demand reaching USD235 billion in 2022. Kraft Heinz Co is the largest company in the US, generating 13.5% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 47.8% of total production value in 2022. The total number of companies increases in 2022, to 17,190 units. The costs of the industry increase by 5.6% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 23.6% of production value in 2022, the highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 5.9% of total production output. With production value of USD133 billion, the US accounts for 91.1% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Coffee, Tea, Spices and Ready Meals in the US: ISIC 1549. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Coffee, Tea, Spices and Ready Meals in the US: ISIC 1549 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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