US FPM Contract Manufacturing Market will experience a noticeable growth during the forecast period 2019-2025

US FPM Contract manufacturing market is expected to grow at a CAGR of around 5.3% during the forecast period. The US FPM contract manufacturing market has been witnessed significant growth due to the wide presence of major food manufacturers and significant innovations in food & beverage in the country. The major food processing companies available in the US comprise Kraft Foods Group, Inc., the Kellogg Company among others. Increasing the focus of such food manufacturers in terms of innovations and manufacturing is expected to contribute to the growth of the US FPM contract manufacturing market.

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Moreover, in October 2018, Hearthside Food Solutions, LLC signed an agreement to acquire Greencore USA. It is a contract packaging business of Greencore Group Plc. In October 2017, Hearthside Food Solutions, LLC signed an agreement to acquire Standard Functional Foods Group, Inc., a contract manufacturer of functional and nutritional bars, situated in Tennessee, the US. This acquisition is intended to further accelerate the entry of Hearthside Food Solutions, LLC into the functional bar category that will allow the company to fulfill the rising demand for a broad range of bars in the US.

Such instances represent the focus of Hearthside Food Solutions, LLC in terms of expanding its potential capabilities by acquiring other contract manufacturers in the country. Such type of strategy enables to decrease competition and supports to gain maximum market share and competitive advantage. It also enables the companies to increase their quality of service offerings to the food manufacturers, which in turn, encourages food & beverage manufacturers in the US to outsource contract manufacturers to meet the quality and growing demand for their food products. Thus, is expected to enhance the growth of the US FPM contract manufacturing market during the forecast period.

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USFPM Contract Manufacturing Market Segmentation

By Services
o Food Manufacturing Services
o Convenience Foods
o Bakery Products
o Dietary Supplement
o Confectionery Products
o Dairy Products
o Others
o Research and Development
o Food Packaging Services

Company Profiles
o Access Business Group LLC
o AFP Advanced Food Products LLC.
o Hearthside Food Solutions LLC
o Nutrascience Labs Inc.
o Nu-World Foods
o NVE Pharmaceuticals, Inc.
o Pacmoore Products Inc.
o Thrive Foods LLC
o Tree Top Inc.
o Van Law Food Products Inc.

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