Packaged Food Market Growth, Trends, Size, Revenue, Share, Competition and Future Challenges
Global Packaged Food Market Size- By Sales Channel, By Product Type, By Packaging Type- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032
| 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.
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: |
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| By Packaging Type: |
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Key Topics Covered in the Report:
- Global Packaged Food Market Size (FY’2022-FY’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 (FY’2022-FY’2032)
- Recommendations from Analyst
Introduction
1.1. Scope of the report1.2. Market segment analysis
Research Methodology
Research data source
2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’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 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Packaged Food Market
Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry
5.4. Heat map analysis
Global Packaged Food Market, By Sales Channel, 2019-2030 (USD Million)
6.1 Online Stores6.2 Speciality Stores6.3 Supermarket/Hypermarket6.4 Grocery Stores6.5 Convenience Stores6.6 Others
Global Packaged Food Market, By Product Type, 2019-2030 (USD Million)
7.1 Dairy Products7.2 Beverage7.3 Snacks7.4 Bakery7.5 Breakfast Cereals7.6 Confectionery7.7 Ready Meals7.8 Packaged Produced7.9 Others
Global Packaged Food Market, By Packaging Type, 2019-2030 (USD Million)
8.1 Metal Cans8.2 Plastic Packaging8.3 Tetra Pack8.4 Others
Global Packaged Food Market, By Region, 2019-2030 (USD Million)
9.1 North America
9.1.1. United States9.1.2. Canada9.1.3. Mexico
9.2 Europe
9.2.1. Germany9.2.2. United Kingdom9.2.3. France9.2.4. Italy9.2.5. Spain9.2.6. Rest of Europe
9.3 Asia-Pacific
9.3.1. China9.3.2. Japan9.3.3. India9.3.4. Australia9.3.5. South Korea9.3.6. Rest of Asia-Pacific
9.4 South America
9.4.1. Brazil9.4.2. Argentina9.4.3. Rest of South America
9.5 Middle East & Africa
9.5.1. Kingdom of Saudi Arabia9.5.2. United Arab Emirates9.5.3. Rest of Middle East & Africa
Company Profiles
10.1 Cargill, Incorporated
10.1.1. Company details10.1.2. Financial outlook10.1.3. Product summary10.1.4. Recent developments
10.2 Conagra Brands, Inc.
10.2.1. Company details10.2.2. Financial outlook10.2.3. Product summary10.2.4. Recent developments
10.3 Danone SA
10.3.1. Company details10.3.2. Financial outlook10.3.3. Product summary10.3.4. Recent developments
10.4 General Mills Inc.
10.4.1. Company details10.4.2. Financial outlook10.4.3. Product summary10.4.4. Recent developments
10.5 Hormel Foods Corporation
10.5.1. Company details10.5.2. Financial outlook10.5.3. Product summary10.5.4. Recent developments
10.6 JBS SA
10.6.1. Company details10.6.2. Financial outlook10.6.3. Product summary10.6.4. Recent developments
10.7 Kellogg Co.
10.7.1. Company details10.7.2. Financial outlook10.7.3. Product summary10.7.4. Recent developments
10.8 Mondelz Global LLC
10.8.1. Company details10.8.2. Financial outlook10.8.3. Product summary10.8.4. Recent developments
10.9 Nestle SA
10.9.1. Company details10.9.2. Financial outlook10.9.3. Product summary10.9.4. Recent developments
10.10. PepsiCo, Inc.
10.10.1. Company details10.10.2. Financial outlook10.10.3. Product summary10.10.4. Recent developments
10.11 The Coca-Cola Company
10.11.1. Company details10.11.2. Financial outlook10.11.3. Product summary10.11.4. Recent developments
10.12. The Kraft Heinz Company
10.12.1. Company details10.12.2. Financial outlook10.12.3. Product summary10.12.4. Recent developments
10.13. Tyson Foods, Inc.
10.13.1. Company details10.13.2. Financial outlook10.13.3. Product summary10.13.4. Recent developments
10.14 Unilever PLC
10.14.1. Company detail10.14.2. Financial outlook10.14.3. Product summary10.14.4. Recent developments
10.15 WH Group
10.15.1. Company details10.15.2. Financial outlook10.15.3. Product summary10.15.4. 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.
Frequently Asked Questions About This Report
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.
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.
The Packaged Food Market CAGR of 5.04% during the forecast period.
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The Packaged Food Market size is USD 3566.69 billion from 2022 to 2032.
The Packaged Food Market segment is Covered By Sales Channel, By Product Type, By Packaging Type.
The North America and Europe region is anticipated to have the highest market share in the 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.
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.
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