Packaged Food Market Growth 2022- Industry Trends and Forecast 2030

Packaged Food Market Size - By Sales Channel, By Product Type, By Packaging Type- Regional Outlook, Competitive Strategies and Segment Forecasts to 2030

Published: Nov 2022 Base Year: 2021 Report ID: FOOD2224
Available Format: Historical Data: 2019 - 2020 Number of Pages: 1 - 256
Category : Food & Beverages


Global Packaged Food Market Overview:

According to SPER Market Research, the Global Packaged Food Market is estimated to reach USD 3077.52 billion by 2030 with a CAGR of 4.8%.

Food that has been prepared in advance and packaged to extend its shelf life is referred to as packaged food. Foods in packages are easy to handle, prepare, and consume. They are becoming more and more popular since urban inhabitants find them to be so useful in both developed and developing nations. The idea of packaged food came about as a result of factors like simplicity in handling, preparation, and protection from outside meddling. The majority of packaged foods are considered convenience foods and are manufactured commercially before being distributed for consumer consumption. Food in packages is under the category of goods that people commonly buy. Consequently, customers' desire for such products continues to be strong.

The development of processing methods to increase the shelf life of food products is responsible for the expansion of the packaged food sector.  A rise in the working population and changes in food consumption patterns are what fuel market expansion. Additionally, the packaged food market is anticipated to expand due to specific customer needs for items like organic food, clean-label food ingredients, vegan food, dairy-free products, and others. The availability of packaged foods has expanded as a result of improvements in retail infrastructure, and this 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 packaged food industry, on the other hand, is being driven forward by ongoing market innovation, which is being supported by increasing customer demand. Cooking a meal from scratch takes far less time and effort when packaged items are used. These factors will cause the demand for packaged food items to grow rapidly over the projected period. 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 packaged food market is segmented based on type, sales channel, and region. Based on type, 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. Based on sales channel, The fact that these 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, can be used to explain the expansion of hypermarkets and supermarkets in the packaged food sector. However, throughout the projected period, the packaged food market segment for online retailers grew at the quickest rate.

Impact of COVID-19 on the Global Packaged Food Market
COVID-19 had a negative impact on the  global packaged food market. Due to the supply chain interruption and decrease in outside-the-home food consumption during the COVID-19 pandemic, packaged food product sales have slightly decreased.

Scope of the report
 Report Metric Details
 Market size available for years 2019-2030
 Base year considered 2021
 Forecast period 2022-2030
 Segments coveredBy Sales Channel, By Product Type, By Packaging Type
 Geographies coveredNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa
 Companies CoveredCargill, 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

Global Packaged Food Market Segmentation:

By Sales Channel: Based on the Sales Channel, Global Packaged Food Market is segmented as; Online Stores, Speciality Stores, Supermarket/Hypermarket, Grocery Stores, Convenience Stores, Others.

By Product Type: Based on the Product Type, Global Packaged Food Market is segmented as;  Dairy Products, Beverage, Snacks, Bakery, Breakfast Cereals, Confectionery, Ready Meals, Packaged Produced, Others.

By Packaging Type: Based on the Packaging Type, Global Packaged Food Market is segmented as; Metal Cans, Plastic Packaging, Tetra Pack, Others.

By Region: North America is anticipated to grow significantly over projected period. Because there are so many local players in Europe and North America, these regions are predicted to experience consistent growth over the forecast period.
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 SPER’s internal database
2.1.4 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 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. PORTER’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
You can get the sample pages by clicking the link - Click Here
The Packaged Food Market size is USD 3077.52 billion from 2022 to 2030.
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.
The Packaged Food Market is projected to reach USD 3077.52 billion by 2030, growing at a CAGR of 4.8% during the forecast period.
The Packaged Food Market grew in market size from 2021. The Market is expected to reach USD 3077.52 billion by 2030, at a CAGR of 4.8% during the forecast period.
The Packaged Food Market CAGR of 4.8% during the forecast period.
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