Packaged Food Market Growth, Trends, Size, Revenue, Share, Competition and Future Challenges: SPER Market Research

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Published: Nov 2022	Report ID: FOOD2224	Pages: 1 - 256	Formats^*:
Category : Food & Beverages

Packaged Food Market Introduction and Overview

According to SPER Market Research, the Global Packaged Food Market is estimated to reach USD 3566.69 billion by 2032 with a CAGR of 5.04%.

The report includes an in-depth analysis of the global Packaged Food market, including market size and trends, Procedure mix, distribution channels, and supplier analysis.Packaged food refers to food products that are processed, packaged, and ready for consumption or cooking. These products are typically sold in pre-packaged containers and may include various types of snacks, canned goods, frozen meals, and convenience foods.

Convenience and Time-Saving: Packaged foods offer convenience and time-saving benefits, catering to the busy lifestyles of consumers. Ready-to-eat meals, snacks, and pre-packaged ingredients reduce preparation time and effort in cooking, making them attractive to individuals and families with hectic schedules.

The increased preference for convenience items feeds the rising demand for packaged food products due to their convenience and time-saving benefits over cooking from scratch. The packaged food market is expanding rapidly as a result of the increasing volume of the hectic lifestyle of the working population around the world, which is significantly boosting the packaged food market.

Market Opportunities and Challenges

The global packaged food market is fuelled by convenience and time-saving benefits, catering to busy lifestyles. Ready-to-eat meals, snacks, and pre-packaged ingredients reduce cooking time, appealing to individuals and families with hectic schedules. Increasing urbanization and changing demographics, such as working professionals and single-person households, drive the demand for packaged foods. These products offer quick and easy meal solutions for urban dwellers and those with limited cooking skills. Additionally, the rise of busy and on-the-go lifestyles has led to a demand for convenient, portable, and easily consumable options, including packaged snacks, beverages, and single-serve meals.

However, the global packaged food market encounters challenges related to health and nutrition concerns, including the demand for healthier options while maintaining taste and affordability. Food safety and quality assurance are critical, requiring rigorous measures to avoid contamination and maintain consumer trust. Additionally, sustainability is a growing concern, necessitating eco-friendly packaging solutions to address issues such as plastic waste and carbon footprint. Meeting these challenges requires manufacturers to balance health considerations, implement robust quality control, and develop sustainable packaging alternatives.

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Market Competitive Landscape

The global Packaged Food is characterized by high competition, with multiple players operating in the industry. The key players in the global Packaged Food market include Unilever PLC, Conagra Brands, Inc., General Mills Inc., Danone SA, Tyson Foods, Inc., Cargill, Incorporated, Nestle SA, Kellogg Co., Hormel Foods Corporation, PepsiCo, Inc., The Kraft Heinz Company, Mondelz Global LLC, JBS SA, WH Groups, The Coca-Cola Company, Others.

Scope of the Report:

Report Metric	Details
Market size available for years	2019-2032
Base year considered	2021
Forecast period	2022-2032
Segments covered	By Sales Channel, By Product Type, By Packaging Type
Regions covered	North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
Companies Covered	Unilever PLC, Conagra Brands, Inc., General Mills Inc., Danone SA, Tyson Foods, Inc., Cargill, Incorporated, Nestle SA, Kellogg Co., Hormel Foods Corporation, PepsiCo, Inc., The Kraft Heinz Company, Mondelz Global LLC, JBS SA, WH Groups, The Coca-Cola Company, Others.

COVID-19 Impact on Global Packaged Food Market

The global packaged food market experienced significant effects from the COVID-19 pandemic. There was an increased demand for packaged foods due to panic buying and the need for longer-lasting products. Supply chain disruptions, including lockdown measures and labour shortages, led to delays in production and distribution. Consumer preferences shifted towards safer and healthier options, driving the demand for packaged foods with clear labelling, clean ingredients, and functional benefits. These changes reflect the evolving needs and priorities of consumers during the pandemic.

Key Target Audience:

Consumers seeking convenience
Families and household consumers
Foodservice and hospitality industry
Health-conscious consumers
On-the-go consumers
Others

Our in-depth analysis of the Packaged Food Market includes the following segments:

By Product Type:	Dairy Products Beverage Snacks Bakery Breakfast Cereals Confectionery Ready Meals Packaged Produced
By Packaging Type:	Metal Cans Plastic Packaging Tetra Pack

Key Topics Covered in the Report:

Global Packaged Food Market Size (FYâ€™2022-FYâ€™2032)
Overview of Global Packaged Food Market
Segmentation of Global Packaged Food Market By Sales Channel (Online Stores, Speciality Stores, Supermarket/Hypermarket, Grocery Stores, Convenience Stores, Others)
Segmentation of Global Packaged Food Market By Product Type (Dairy Products, Beverage, Snacks, Bakery, Breakfast Cereals, Confectionery, Ready Meals, Packaged Produced, Others)
Segmentation of Global Packaged Food Market By Packaging Type (Plastic Packaging, Tetra Pack, Metal Cans, Others)
Statistical Snap of Global Packaged Food Market
Expansion Analysis of Global Packaged Food Market
Problems and Obstacles in Global Packaged Food Market
Competitive Landscape in the Global Packaged Food Market
Impact of COVID-19 and Demonetization on Global Packaged Food Market
Details on Current Investment in Global Packaged Food Market
Competitive Analysis of Global Packaged Food Market
Prominent Players in the Global Packaged Food Market
SWOT Analysis of Global Packaged Food Market
Global Packaged Food Market Future Outlook and Projections (FYâ€™2022-FYâ€™2032)
Recommendations from Analyst

Introduction

1.1. Scope of the report
1.2. Market segment analysis

Research Methodology

Research data source

2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPERâ€™s internal database
2.1.4 Premium insight from KOLâ€™s

Market size estimation

2.2.1 Top-down and Bottom-up approach

Data triangulation

Executive Summary

Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges

4.2. COVID-19 Impacts of the Global Packaged Food Market

Market variables and outlook

5.1. SWOT analysis

5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats

5.2. PESTEL analysis

5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape

5.3. PORTERâ€™S five forces analysis

5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry

5.4. Heat map analysis

Global Packaged Food Market, By Sales Channel, 2019-2030 (USD Million)

6.1 Online Stores
6.2 Speciality Stores
6.3 Supermarket/Hypermarket
6.4 Grocery Stores
6.5 Convenience Stores
6.6 Others

Global Packaged Food Market, By Product Type, 2019-2030 (USD Million)

7.1 Dairy Products
7.2 Beverage
7.3 Snacks
7.4 Bakery
7.5 Breakfast Cereals
7.6 Confectionery
7.7 Ready Meals
7.8 Packaged Produced
7.9 Others

Global Packaged Food Market, By Packaging Type, 2019-2030 (USD Million)

8.1 Metal Cans
8.2 Plastic Packaging
8.3 Tetra Pack
8.4 Others

Global Packaged Food Market, By Region, 2019-2030 (USD Million)

9.1 North America

9.1.1. United States
9.1.2. Canada
9.1.3. Mexico

9.2 Europe

9.2.1. Germany
9.2.2. United Kingdom
9.2.3. France
9.2.4. Italy
9.2.5. Spain
9.2.6. Rest of Europe

9.3 Asia-Pacific

9.3.1. China
9.3.2. Japan
9.3.3. India
9.3.4. Australia
9.3.5. South Korea
9.3.6. Rest of Asia-Pacific

9.4 South America

9.4.1. Brazil
9.4.2. Argentina
9.4.3. Rest of South America

9.5 Middle East & Africa

9.5.1. Kingdom of Saudi Arabia
9.5.2. United Arab Emirates
9.5.3. Rest of Middle East & Africa

Company Profiles

10.1 Cargill, Incorporated

10.1.1. Company details
10.1.2. Financial outlook
10.1.3. Product summary
10.1.4. Recent developments

10.2 Conagra Brands, Inc.

10.2.1. Company details
10.2.2. Financial outlook
10.2.3. Product summary
10.2.4. Recent developments

10.3 Danone SA

10.3.1. Company details
10.3.2. Financial outlook
10.3.3. Product summary
10.3.4. Recent developments

10.4 General Mills Inc.

10.4.1. Company details
10.4.2. Financial outlook
10.4.3. Product summary
10.4.4. Recent developments

10.5 Hormel Foods Corporation

10.5.1. Company details
10.5.2. Financial outlook
10.5.3. Product summary
10.5.4. Recent developments

10.6 JBS SA

10.6.1. Company details
10.6.2. Financial outlook
10.6.3. Product summary
10.6.4. Recent developments

10.7 Kellogg Co.

10.7.1. Company details
10.7.2. Financial outlook
10.7.3. Product summary
10.7.4. Recent developments

10.8 Mondelz Global LLC

10.8.1. Company details
10.8.2. Financial outlook
10.8.3. Product summary
10.8.4. Recent developments

10.9 Nestle SA

10.9.1. Company details
10.9.2. Financial outlook
10.9.3. Product summary
10.9.4. Recent developments

10.10. PepsiCo, Inc.

10.10.1. Company details
10.10.2. Financial outlook
10.10.3. Product summary
10.10.4. Recent developments

10.11 The Coca-Cola Company

10.11.1. Company details
10.11.2. Financial outlook
10.11.3. Product summary
10.11.4. Recent developments

10.12. The Kraft Heinz Company

10.12.1. Company details
10.12.2. Financial outlook
10.12.3. Product summary
10.12.4. Recent developments

10.13. Tyson Foods, Inc.

10.13.1. Company details
10.13.2. Financial outlook
10.13.3. Product summary
10.13.4. Recent developments

10.14 Unilever PLC

10.14.1. Company detail
10.14.2. Financial outlook
10.14.3. Product summary
10.14.4. Recent developments

10.15 WH Group

10.15.1. Company details
10.15.2. Financial outlook
10.15.3. Product summary
10.15.4. Recent developments

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3

Frequently Asked Questions About This Report

How big is the Packaged Food Market?

The Packaged Food Market is projected to reach USD 3566.69 billion by 2032, growing at a CAGR of 5.04% during the forecast period.

What is the growth rate of the Packaged Food Market?

The Packaged Food Market grew in market size from 2021. The Market is expected to reach USD 3566.69 billion by 2032, at a CAGR of 5.04% during the forecast period.

What is the anticipated CAGR of the Packaged Food Market during the forecast period?

The Packaged Food Market CAGR of 5.04% during the forecast period.

How can I get the sample report of Packaged Food Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the Packaged Food Market in 2032?

The Packaged Food Market size is USD 3566.69 billion from 2022 to 2032.

Which segment is expected to lead the Packaged Food Market during the forecast period?

The Packaged Food Market segment is Covered By Sales Channel, By Product Type, By Packaging Type.

Which region is expected to have the highest market share in the Electrolyte Drinks Market?

The North America and Europe region is anticipated to have the highest market share in the Packaged Food Market.

Who are the key players in Packaged Food Market?

The key players in the market include 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.

What is the conclusion of the Packaged Food Market report?

Packaged food consumption is expected to rise as customers' preferences for foods with better nutritional value expand. As a result, increased food consumption encourages customers to select natural food alternatives.