The U.S. packaged food industry appears to be on a roll, courtesy of the rising demand for essentials amid the coronavirus-led stockpiling as well as increased at-home consumption. Well, the stay-at-home orders and other social distancing measures issued in March have highlighted a paradigm shift in consumer spending patterns, including increased buying of packaged food and related items. With more Americans staying at home, food consumption and demand has gone up significantly.
Incidentally, the ready-to-cook and other packaged food and beverage items are moving off the shelves faster than usual, whereas away-from-home food options have been off the table. Increased stay-at-home, work-from-home and dine-at-home trends have majorly stimulated demand for packaged food products, as they are easy to make, comfort food and also considered safer compared to outside food. Additionally, these non-perishable items can be piled up and stored, saving consumers from going out to buy food too often.