August 8, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking more than $7 billion of projects involving packaged and prepared foods that are under construction in the U.S., and this figure could grow. According to Grand View Research (San Francisco, California), the U.S. packaged food market was valued at $1.03 trillion in 2021 and is expected to grow at a compound annual growth rate of 4.8% through 2030. Of the $7 billion in underway projects in this sector being tracked by Industrial Info, Nestlé SA (Vevey, Switzerland), which accounts for more than $1 billion in current U.S. spending, leads the U.S. in the value of projects.

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