The North America Staple Food Market would witness market growth of 6.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America Staple Food Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $531,785.8 million by 2031. The Canada market is experiencing a CAGR of 8.6% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7.7% during (2024 - 2031).
Staple foods serve diverse applications fundamental to human nutrition, cultural practices, economic stability, and food security. These applications highlight these foods' critical roles in various aspects of life across different regions and societies. Essential foods form the cornerstone of diets, providing essential nutrients that sustain human health and well-being. These essential foods are indispensable for the body's energy requirements, as they contain substantial carbohydrates.
In addition, essential foods hold deep cultural significance in many societies, often shaping culinary traditions and social practices. They are integral to traditional dishes and festive celebrations, reflecting historical ties and cultural heritage. Essential foods are pivotal in ensuring food security, particularly in regions where they constitute the primary dietary source for large populations. Their affordability, availability, and storage stability make them accessible to diverse socio-economic groups, even during economic instability or food shortages.
Canada’s multicultural population influences dietary preferences and consumption patterns, leading to demand for various essential foods reflective of cultural backgrounds. According to the Government of Canada, between 2010 and 2022, the population of Canada grew from approximately 33.9 million to 39.3 million (an increase of 15.9%). As Canada’s population grows, there is a corresponding increase in the demand for essential foods. Likewise, the availability and promotion of processed foods in Mexico have led to a shift in dietary preferences among consumers, especially in urban areas. According to the United States Department of Agriculture, with growth rate of 4.3 percent and a projected GDP contribution to Mexico’s economy of $39.4 billion in 2020, the food processing industry was one of the most dynamic in the country. The convenience offered by processed foods appeals to busy lifestyles in urban settings. Consumers value quick and easy meal solutions that save time and effort, driving the demand for processed staple foods that fit modern dietary habits and consumption patterns. Therefore, the increasing population and rising food processing industry in the region drive the market's growth.
Free Valuable Insights: The Staple Food Market is Predict to reach USD 2.6 Trillion by 2031, at a CAGR of 7%
Based on Nature, the market is segmented into Conventional, and Organic. Based on Product Type, the market is segmented into Cereals, Vegetables, Fruit, Oil, Sugar, Roots & Tuber, and Others. Based on Distribution Channel, the market is segmented into Wholesale Distributors, Direct-to-Consumer (D2C), Retail Stores, Online Retailers, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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By Product Type
By Distribution Channel
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