Packaged Food Market size was valued at US$ 3.14 Trillion in 2021 and the total revenue is expected to grow at 4.5% through 2022 to 2029, reaching nearly US$ 4.47 Trillion.Packaged Food Market Overview:
The Packaged Food Market was estimated at US$ 3.14 Trillion in 2021, and it is expected to reach US$ 4.47 Trillion by 2029, growing at a CAGR of 4.5 % over the forecasting period of 2022-2029. The concept of packaged food came as a result of considerations such as ease of preparation, consumption, handling, and protection against external tampering. The key growth drivers of the packaged food market are changing lifestyles, convenience of consumption, and improved health awareness. The materials used in food packaging should be easy to handle, display, open, and close.To know about the Research Methodology :- Request Free Sample Report
Packaged Food Market Dynamics:
The consumption of expired food may cause serious health problems. Therefore, the real-time monitoring system helps to detect the freshness of packed food. At the same time, it is safe, hygienic, inexpensive and highly accurate. Consumers can choose the best quality food packaging. This detection is done using a small smart sensor tag composed of three ultra-low power sensors. Freshness is monitored and evaluated by various factors, including temperature, humidity, and gas concentrations of ammonia and hydrogen sulfide. Currently, two configurations are mainly developed, LED visible light and UV LED light. The product is mainly used in the processing and production of fresh packed food and possibly organic food, especially fruits and vegetables. Globally, the demand for plant-based foods has increased, owing to an increase in the number of vegans and vegetarians. According to the Vegan Society, the number of vegan consumers in the United Kingdom increased dramatically from 250 thousand in 2018 to 700 thousand in 2020. The intake of animal protein is related to high cholesterol, fat and calorie levels, which can increase the risk of heart disease, high blood sugar and obesity. Therefore, people have shown a tendency towards vegan protein sources. In addition, due to allergies caused by animal products, the proportion of consumers looking for alternatives has also increased. This creates a good platform for the growth of plant-based products. The production of plant protein is considered to be more environmentally friendly than animal protein. In addition, plant-based products show beneficial properties in terms of weight management, heart health, and bioavailability. Subsequently, the plant-based food and beverage market has huge potential because consumers are increasingly inclined to healthy eating habits.
Packaged Food Market Segment Analysis:
On the basis of product, the Packaged Food Market is sub-segmented into Dairy product, Confectionery, Beverage, Bakery, Snacks, Meat, Poultry and Seafood, Breakfast Cereals, Ready Meals, Others. The bakery segment held 34.13% share in 2021. Thanks to easy availability of products, low cost, range of flavours and textural benefits, changing lifestyles, and increased need for fast meals, the bakery market is growing rapidly. Dairy product is second dominant segment with CAGR of 10.3% during forecasting period 2022-2029. The dairy sector is growing due to increased rivalry for dairy products in nations such as the United States, China, and India. Packed food demand in the United States is increasing at a rapid rate of around 6.8% and it is expected to continue to grow during the forecast period.On the basis of packaging, the Packaged Food Market is sub-segmented into Plastic Packaging, Tetra Pack, Metal Cans, Others. The plastic packaging segment held large number of share xx % in 2021. Owing to lightweight, easily available, less fuel is consumed, which results in lower emissions and cost benefits for distributors, retailers, and consumers. Plastic packaging can withstand harsh settings and does not disintegrate quickly in hot or cold climates, retaining the freshness of the food or beverage inside. Products are also protected from moisture, oxygen, dust, light, and odours. On the basis of distribution channel, the Packaged Food Market is sub-segmented into Supermarket/Hypermarket, Convenience Stores, Online retailer and Offline retailer. The online retailer segment held largest share xx% the of global market in 2021, owing to increase internet penetration, changing life style, increased use of smart phones. The Supermarket or Hypermarket stores second dominated segment in the market. It held share of xx% of the global market in 2021. The products are found at relatively at low price in supermarkets because they purchase larger quantity of goods, sales volume rises high.
Packaged Food Market Regional Insights:
Asia Pacific held largest share of xx% in 2021. Thanks to rapid urbanization, evolving lifestyles, and rising disposable income has play major role of packaged food market. The health benefits of packaged fermented or fortified foods and beverages have contributed to their appeal. Kombucha drinks, which are high in organic acids and have antimicrobial properties, can be used for a variety of therapeutic purposes, which is expected to drive market growth in the region. The top competitors in the Asian market are concentrating on product innovation to suit the region's desire for nutritious and healthful foods; however, the manufacturers' primary focus is on matching the flavour of the product to the local palate. The objective of the report is to present a comprehensive analysis of the Packaged Food Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Packaged Food Market dynamics, structure by analyzing the market segments and project the Packaged Food Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Packaged Food Market make the report investor’s guide.Packaged Food Market Scope: Inquire before buying
Global Packaged Food Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 3.14Tri. Forecast Period 2022 to 2029 CAGR: 4.5% Market Size in 2029: US $ 4.47 Tri. Segments Covered: by Aircraft Type • Light • Mid-Sized • Large • Airline by Range •Less than 3,000 NM • 3,000–5,000 NM • More than 5,000 NM by End Use • Private • Operator by Point of Sale • OEM • Aftermarket Packaged Food Market, by Region
• North America • Europe • Asia Pacific • Middle East and Africa • South AmericaPackaged Food Market Key Players
• Kraft Foods Group Inc • Nestle S.A. • General Mills • Tyson Foods • ConAgra Foods Inc. • Maple Leaf Foods Inc • JBS S.A • Kellogg's • Smithfield Foods Inc. • Hormel Foods Corporation • Andros Foods • Histon Sweets Spreads Limited • Gehl Foods, LLC. • Tree Top • B and G Foods, INCFrequently Asked Questions:
1. Which region has the largest share in Packaged Food Market? Ans: Asia Pacific region holds the highest share in 2021. 2. What is the growth rate of Packaged Food Market? Ans: The Packaged Food Market is growing at a CAGR of 4.5 % during forecasting period 2022-2029. 3. What segments are covered in Packaged Food Market? Ans: Packaged Food Market is segmented into Product, Packaging, Distribution Channel and Region. 4. Who are the key players in Packaged Food Market? Ans: The important key players in the Packaged Food Market are - Kraft Foods Group Inc, Nestle S.A., General Mills, Tyson Foods, ConAgra Foods Inc., Maple Leaf Foods Inc, JBS S.A, Kellogg's, Smithfield Foods Inc., Hormel Foods Corporation, Andros Foods, Histon Sweets Spreads Limited, Gehl Foods, LLC., Tree Top, B and G Foods, INC. 5. What is the study period of this market? Ans: The Packaged Food Market is studied from 2021 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Packaged Food Market Size, by Market Value (US$ Tn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Packaged Food Market 3.4. Geographical Snapshot of the Packaged Food Market, By Manufacturer share 4. Packaged Food Market Overview, 2021-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Packaged Food Market 5. Supply Side and Demand Side Indicators 6. Packaged Food Market Analysis and Forecast, 2021-2029 6.1. Packaged Food Market Size & Y-o-Y Growth Analysis. 7. Packaged Food Market Analysis and Forecasts, 2021-2029 7.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 7.1.1. Dairy products 7.1.2. Confectionery 7.1.3. Beverage 7.1.4. Bakery 7.1.5. Snacks 7.1.6. Meat, Poultry and Seafood 7.1.7. Breakfast Cereals 7.1.8. Ready Meals 7.1.9. Others 7.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 7.2.1. Plastic Packaging 7.2.2. Tetra Pack 7.2.3. Metal Cans 7.2.4. Other 7.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 7.3.1. Supermarket/Hypermarket 7.3.2. Convenience Stores 7.3.3. Online Retail Stores 7.3.4. Offline Retail Store 8. Packaged Food Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2021-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Packaged Food Market Analysis and Forecasts, 2021-2029 9.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 9.1.1. Dairy products 9.1.2. Confectionery 9.1.3. Beverage 9.1.4. Bakery 9.1.5. Snacks 9.1.6. Meat, Poultry and Seafood 9.1.7. Breakfast Cereals 9.1.8. Ready Meals 9.1.9. Others 9.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 9.2.1. Plastic Packaging 9.2.2. Tetra Pack 9.2.3. Metal Cans 9.2.4. Other 9.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 9.3.1. Supermarket/Hypermarket 9.3.2. Convenience Stores 9.3.3. Online Retail Stores 9.3.4. Offline Retail Store 10. North America Packaged Food Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Packaged Food Market Analysis and Forecasts, 2021-2029 11.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 11.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 11.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 12. Canada Packaged Food Market Analysis and Forecasts, 2021-2029 12.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 12.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 12.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 13. Mexico Packaged Food Market Analysis and Forecasts, 2021-2029 13.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 13.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 13.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 14. Europe Packaged Food Market Analysis and Forecasts, 2021-2029 14.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 14.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 14.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 15. Europe Packaged Food Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Packaged Food Market Analysis and Forecasts, 2021-2029 16.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 16.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 16.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 17. France Packaged Food Market Analysis and Forecasts, 2021-2029 17.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 17.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 17.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 18. Germany Packaged Food Market Analysis and Forecasts, 2021-2029 18.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 18.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 18.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 19. Italy Packaged Food Market Analysis and Forecasts, 2021-2029 19.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 19.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 19.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 20. Spain Packaged Food Market Analysis and Forecasts, 2021-2029 20.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 20.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 20.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 21. Sweden Packaged Food Market Analysis and Forecasts, 2021-2029 21.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 21.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 21.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 22. CIS Countries Packaged Food Market Analysis and Forecasts, 2021-2029 22.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 22.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 22.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 23. Rest of Europe Packaged Food Market Analysis and Forecasts, 2021-2029 23.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 23.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 23.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 24. Asia Pacific Packaged Food Market Analysis and Forecasts, 2021-2029 24.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 24.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 24.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 25. Asia Pacific Packaged Food Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Packaged Food Market Analysis and Forecasts, 2021-2029 26.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 26.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 26.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 27. India Packaged Food Market Analysis and Forecasts, 2021-2029 27.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 27.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 27.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 28. Japan Packaged Food Market Analysis and Forecasts, 2021-2029 28.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 28.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 28.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 29. South Korea Packaged Food Market Analysis and Forecasts, 2021-2029 29.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 29.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 29.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 30. Australia Packaged Food Market Analysis and Forecasts, 2021-2029 30.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 30.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 30.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 31. ASEAN Packaged Food Market Analysis and Forecasts, 2021-2029 31.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 31.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 31.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 32. Rest of Asia Pacific Packaged Food Market Analysis and Forecasts, 2021-2029 32.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 32.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 32.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 33. Middle East Africa Packaged Food Market Analysis and Forecasts, 2021-2029 33.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 33.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 33.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 34. Middle East Africa Packaged Food Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Packaged Food Market Analysis and Forecasts, 2021-2029 35.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 35.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 35.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 36. GCC Countries Packaged Food Market Analysis and Forecasts, 2021-2029 36.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 36.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 36.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 37. Egypt Packaged Food Market Analysis and Forecasts, 2021-2029 37.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 37.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 37.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 38. Nigeria Packaged Food Market Analysis and Forecasts, 2021-2029 38.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 38.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 38.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 39. Rest of ME&A Packaged Food Market Analysis and Forecasts, 2021-2029 39.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 39.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 39.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 40. South AmericaPackaged Food Market Analysis and Forecasts, 2021-2029 40.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 40.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 40.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 41. South America Packaged Food Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Packaged Food Market Analysis and Forecasts, 2021-2029 42.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 42.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 42.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 43. Argentina Packaged Food Market Analysis and Forecasts, 2021-2029 43.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 43.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 43.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 44. Rest of South America Packaged Food Market Analysis and Forecasts, 2021-2029 44.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 44.2. Market Size (Value) Estimates & Forecast By Packaging, 2021-2029 44.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Packaged Food Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Kraft Foods group INC 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Nestle S.A. 45.3.3. General Mills 45.3.4. Tyson Foods 45.3.5. ConAgra Foods Inc. 45.3.6. Maple Leaf Foods INC 45.3.7. JBS S.A 45.3.8. Kellogg's 45.3.9. Smithfield Foods Inc. 45.3.10. Hormel Foods Corporation 45.3.11. Andros Foods 45.3.12. Histon Sweets Spreads Limited 45.3.13. Gehl Foods, LLC. 45.3.14. Tree Top 45.3.15. B and G Foods, INC 46. Primary Key Insights