This market's expansion is picking up speed and is anticipated to continue during the forecast period. A growing focus on convenience foods is predicted to lead to significant growth in the packaged food market during the forecast period. A growing focus on convenience foods is predicted to lead to significant growth in the packaged food business in the upcoming years. A growing focus on convenience foods is predicted to lead to significant growth in the packaged food business in the upcoming years.
The development of processing methods to increase the shelf life of food products, the rise in the working population and changes in food consumption patterns, rising ease of obtaining food products, combined with choices for free home delivery and various promotional offers, has contributed to the expansion of the worldwide packaged food market. However, the widespread belief among consumers that packaged goods have negative impacts stunts development and serve as a significant market barrier. The demand for packaged foods is anticipated to increase as consumers' preferences for items with higher nutritional content grow. As a result, a rise in food consumption is encouraging consumers to choose natural food options.
The meat, poultry, and seafood section had the largest share due to the rising popularity of foods high in protein because it is thought to be healthy. Retail formats offer a large range of products and frequently come up with different offers that assist increase foot traffic, hence increasing potential sales of goods, which can be used to explain the expansion of hypermarkets and supermarkets in the packaged food sector.
The Global Packaged Food Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Cargill, Incorporated, Conagra Brands, Inc., Danone SA, General Mills Inc., Hormel Foods Corporation, JBS SA, Kellogg Co., Mondelz Global LLC, Nestle SA, PepsiCo, Inc., The Coca-Cola Company, The Kraft Heinz Company, Tyson Foods, Inc., Unilever PLC, WH Groups.
SPER Market Research study aims to provide market dynamics, demand and supply with yearly forecast to 2030. This report provides data for growth estimates and forecasts for product type segment –By Sales Channel (Online Stores, Speciality Stores, Supermarket/Hypermarket, Grocery Stores, Convenience Stores, Others), By Product Type (Dairy Products, Beverage, Snacks, Bakery, Breakfast Cereals, Confectionery, Ready Meals, Packaged Produced, Others), By Packaging Type (Metal Cans, Plastic Packaging, Tetra Pack, Others).
This report also provides the data for key regional segments of North America, Europe, Asia-Pacific and Rest of the World.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.