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.

Research Methodology

The market study of the US FPM Contract manufacturing market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for FPM contract manufacturers, government organizations, and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. The US FPM Contract Manufacturing Market Research and Analysis by Services

The Report Covers

• Comprehensive research methodology of the US FPM Contract manufacturing market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the US FPM Contract manufacturing market.
• Insights about market determinants which are stimulating the US FPM Contract manufacturing market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.