Global Packaged Food Market By Product Type (Non-alcoholic Beverages, Dairy products, Confectionery, Ready Meals, Snacks, Breakfast Cereals, and Others (Nuts, Ice Cream, Baby Food, Sauce, Oil and Fats)), By Distribution Channel (Hypermarkets/Supermarket, Departmental Store, Convenience Store, Online Retail Store, and Others (Counter Shops, etc.)), By Region, Competition Forecast & Opportunities, 2
Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationThe global packaged food market was valued USD 2976.41 Billion in 2020 and is forecast to grow at CAGR of 6.27% in value terms, to reach over USD 4261.36 billion by 2026. The global packaged food market is witnessing consistent growth, owing to the improving standards of living of people, increasing consumption of healthy food, and changing consumer tastes and preferences.
For instance, PepsiCo acquired Rockstar Energy in 2020, extending its foothold in the fast-growing energy drink business
Consumers are becoming more aware of the importance of consuming gluten-free, low-carbohydrate, high-fiber baked goods, and they are requesting novel options. This has encouraged packaged food companies to fortify their goods in order to accommodate the increased demand of health-conscious consumers, such as Tyson Foods recently launched a new line of plant-based products under the brand First Pride, which offers high-quality protein products. These products include bites, nuggets, and strips made with plants. The ingredients used in the products are bamboo fiber, soy protein and wheat protein, etc.
The packaged food world can be broken down by what's inside (product type), where you buy it (distribution channel), where it's sold (region), and who's selling it (company). When it comes to where you buy, you've got your massive hypermarkets and supermarkets, your everyday departmental retailers and convenience stores, and of course, online retail. Right now, the big guys – hypermarkets and supermarkets – are leading the pack, thanks to their huge and varied selection. But things are changing! We're expecting online retail to really take off, especially after everyone got used to having groceries delivered during the COVID-19 pandemic – it felt like the safest, easiest option, right? These online options are predicted to boom! Plus, let's be honest, life's hectic! These easy, tech-driven services are just so much more convenient. And because of this convenience, and with the continued e-commerce explosion, expect online channels to grab a bigger slice of the market. They also cut down on all the complicated steps in a long supply chain, making everything simpler.
Some of the leading players in the global packaged food market are
Years considered for this report
Historical Years2016-
Base Year2020
Estimated Year2021
Forecast Period2022-2026
Objective of the Study
- To analyze the historical growth in the market size of global packaged food market from 2016 to 2020.
- To estimate and forecast the market size of global packaged food market from 2021 to 2026 and growth rate until 2026.
- To classify and forecast global packaged food market based on product type, distribution channel, region and company.
- To identify dominant region or segment in the global packaged food market.
- To identify drivers and challenges for global packaged food market.
- To examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in global packaged food market.
- To identify and analyze the profile of leading players operating in global packaged food market.
- To identify key sustainable strategies adopted by market players in global packaged food market.
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marketinsights Research performed both primary as well as exhaustive secondary research for this study. Initially, marketinsights Research sourced a list of manufacturers
marketinsights Research calculated the market size of the global p
Key Target Audience
- Manufacturers, distributors, and end-users
- Market research and consulting firms
- Government bodies such as regulating authorities and policymakers
- Organizations, forums, and alliances related to packaged food market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as
Report Scope
In this report, the global packaged food market has been segmented into following categories, in addition to the industry trends which have also been detailed below
Global Packaged Food Market, By Product Type
Global Packaged Food Market Size, By Distribution Channel
- Global Packaged Food Market, By Region
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- South America
- Brazil
- Colombia
- Argentina
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles
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Company Information
- Detailed analysis and profiling of additional market players (up to five).
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