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Report
Global Packaged Food Market Report and Forecast 2024-2032
Market Report I 2024-06-20 I 209 Pages I EMR Inc.
Global Packaged Food Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global packaged food market size reached a value of USD 2.43 trillion in 2023. Aided by the increasing health consciousness and the rising demand for packaged foods that are nutritious, organic, and free from artificial additives, preservatives, and excessive sugar or salt, the market is projected to further grow at a CAGR of 5.2% between 2024 and 2032 to reach a value of USD 3.85 trillion by 2032.
Packaged foods encompass a broad range of products that are processed, preserved, and packaged to ensure extended shelf life and convenience for consumers. These products include snacks, ready-to-eat meals, beverages, canned goods, frozen foods, and more. The rapid urbanization, changing consumer lifestyles, and the growing working population have significantly increased the demand for packaged foods, as they offer ease of preparation and consumption.
The rising consumer preference for convenience and ready-to-eat food products is driving the packaged food market growth. With the increasing number of working professionals and the busy lifestyle of modern consumers, there is a heightened demand for foods that require minimal preparation and can be easily consumed on-the-go. This shift in consumer behaviour is fuelling the growth of the market.
Additionally, the growing awareness of health and wellness is influencing the market dynamics. Consumers are increasingly seeking healthier food options, leading to a surge in demand for organic, natural, and minimally processed packaged foods. Manufacturers are responding to this trend by introducing health-centric products, such as gluten-free, low-sugar, and high-fibre options, thereby propelling the market growth.
The expanding applications of packaged foods across various sectors also play a significant role in propelling the packaged food market expansion. In the hospitality and travel industry, the demand for packaged snacks and beverages is on the rise due to their convenience and long shelf life. The military and defence sector also relies heavily on packaged foods for their durability and ease of transportation. Moreover, the growing e-commerce sector is driving the demand for packaged foods, as online grocery shopping becomes increasingly popular among consumers.
The increasing disposable incomes and changing dietary habits of consumers, especially in emerging economies, are further impacting the packaged food market share. As consumers in these regions adopt more westernized diets and lifestyles, there is a growing demand for packaged and processed foods. Furthermore, the expansion of modern retail formats, such as supermarkets and hypermarkets, is facilitating the accessibility and availability of a wide range of packaged food products.
The market is also benefiting from the advancements in packaging technology. Innovations in packaging materials and techniques, such as vacuum sealing, modified atmosphere packaging (MAP), and smart packaging, are enhancing the shelf life and quality of packaged foods. These advancements are not only improving the convenience and safety of packaged foods but also catering to the increasing consumer demand for sustainable and eco-friendly packaging solutions.
As per the global packaged food market analysis, the increasing consumer preference for convenience foods is a significant driver of the market. The busy lifestyles and growing number of working professionals are propelling the demand for ready-to-eat meals, snacks, and other packaged foods that require minimal preparation. The growing awareness of health and wellness is influencing the market. Consumers are seeking healthier options, leading to a surge in demand for organic, natural, and minimally processed foods. Manufacturers are responding to this trend by introducing health-centric products, driving market growth.
The rising disposable incomes and changing dietary habits of consumers, particularly in emerging economies, are driving the demand for packaged foods. As consumers adopt more westernized diets and lifestyles, the demand for packaged and processed foods is increasing. Innovations in packaging materials and techniques are enhancing the shelf life and quality of packaged foods. Advancements such as vacuum sealing, modified atmosphere packaging (MAP), and smart packaging are improving the convenience and safety of packaged foods, catering to consumer demand for sustainable and eco-friendly solutions.
Market Segmentation
The market can be divided based on type, distribution channel and region.
Market Breakup by Type
- Breakfast Cereals
- Dairy Products
- Confectionery
- Meat, Poultry and Seafood
- Ready Meals
- Bakery
- Snacks
- Beverage
- Others
Market Breakup by Distribution Channel
- Supermarket/Hypermarket
- Specialty Stores
- Convenience Stores
- Online Retail Stores
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global packaged food market. Some of the major players explored in the report by Expert Market Research are as follows:
- Nestle S.A.
- Unilever Plc
- Mars, Incorporated
- Kellogg Company
- General Mills Inc.
- Dr. August Oetker Nahrungsmittel KG
- Tyson Foods, Inc.
- Conagra Brands, Inc.
- Hormel Foods, LLC
- McCain Foods Ltd.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Packaged Food Market Analysis
8.1 Key Industry Highlights
8.2 Global Packaged Food Historical Market (2018-2023)
8.3 Global Packaged Food Market Forecast (2024-2032)
8.4 Global Packaged Food Market by Type
8.4.1 Breakfast Cereals
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Dairy Products
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Confectionery
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Meat, Poultry and Seafood
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Ready Meals
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Bakery
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Snacks
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.8 Beverage
8.4.8.1 Historical Trend (2018-2023)
8.4.8.2 Forecast Trend (2024-2032)
8.4.9 Others
8.5 Global Packaged Food Market by Distribution Channel
8.5.1 Supermarket/Hypermarket
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Specialty Stores
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Convenience Stores
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Online Retail Stores
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Packaged Food Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Packaged Food Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Packaged Food Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Packaged Food Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Packaged Food Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Packaged Food Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Nestle S.A.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Unilever Plc
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Mars, Incorporated
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Kellogg Company
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 General Mills Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Dr. August Oetker Nahrungsmittel KG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Tyson Foods, Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Conagra Brands, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Hormel Foods, LLC
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 McCain Foods Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Packaged Food Market: Key Industry Highlights, 2018 and 2032
2. Global Packaged Food Historical Market: Breakup by Type (USD Trillion), 2018-2023
3. Global Packaged Food Market Forecast: Breakup by Type (USD Trillion), 2024-2032
4. Global Packaged Food Historical Market: Breakup by Distribution Channel (USD Trillion), 2018-2023
5. Global Packaged Food Market Forecast: Breakup by Distribution Channel (USD Trillion), 2024-2032
6. Global Packaged Food Historical Market: Breakup by Region (USD Trillion), 2018-2023
7. Global Packaged Food Market Forecast: Breakup by Region (USD Trillion), 2024-2032
8. North America Packaged Food Historical Market: Breakup by Country (USD Trillion), 2018-2023
9. North America Packaged Food Market Forecast: Breakup by Country (USD Trillion), 2024-2032
10. Europe Packaged Food Historical Market: Breakup by Country (USD Trillion), 2018-2023
11. Europe Packaged Food Market Forecast: Breakup by Country (USD Trillion), 2024-2032
12. Asia Pacific Packaged Food Historical Market: Breakup by Country (USD Trillion), 2018-2023
13. Asia Pacific Packaged Food Market Forecast: Breakup by Country (USD Trillion), 2024-2032
14. Latin America Packaged Food Historical Market: Breakup by Country (USD Trillion), 2018-2023
15. Latin America Packaged Food Market Forecast: Breakup by Country (USD Trillion), 2024-2032
16. Middle East and Africa Packaged Food Historical Market: Breakup by Country (USD Trillion), 2018-2023
17. Middle East and Africa Packaged Food Market Forecast: Breakup by Country (USD Trillion), 2024-2032
18. Global Packaged Food Market Structure
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