Packaged Food Market is expected to reach USD 3.86 trillion by 2026 with an anticipated CAGR of 4.56% during the forecast period, 2021 – 2026.

Packaged Food Market 2021

Packaged food has gained popularity owing its easy consumption, handling, cooking, and safety from external tampering. The packaged food market is growing at a tremendous rate, owing to the increasing number of health conscious consumers, and growing awareness regarding modern care practices in baby health and food hygiene. The non-alcoholic drinks sector is expected to dominate the market due to the high demand for ready to drink (RTD) beverages. Moreover, non-alcoholic drinks and baked foods are together likely to contribute to almost three-fourths of the packaged food market.

Changing lifestyle, convenience of consumption and increasing health awareness are projected to drive the market growth in the coming years. Prominent key players such as Nestle, and the Kraft Foods are significantly investing in enhancing brand awareness and promotions for product differentiation. With the increasing adoption of baked food (such as cake, bread and pastries) and non-alcoholic drinks, the market is expected to witness significant growth during the forecast period. For instance, Grupo Bimbo S.A.B. de C.V. acquired East Balt Bakeries for USD 650 million to expand its market footprint.

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The Major Manufacturers Covered in this Report:
Nestle (Switzerland), General Mills, Inc. (U.S.), THE HERSHEY COMPANY (U.S.) The Kraft Heinz Company (U.S.), ConAgra foods, Inc. (U.S.), Tyson Foods, Inc. (U.S.), Kellogg Co. (U.S.), Frito-Lay North America, Inc. (U.S.), JBS (U.S.), Smithfield Food, Inc. (U.S.), and Mars (U.S.) and more...

Years that have been considered for the study of this report are as follows:

History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026

Market Segmentation:
By Product Type

Ingredients and Extracts
Baby Products
Sweet and Savoury Snacks
Bakery and Confectionery
Oils and Fats
Dairy Products
Beverages
Sauces and Dressings
Others

By Distribution Channel

Supermarkets/Hypermarkets
Online/e-Retail
Others

Regional Segmentation:

North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)

Additionally, the analysis also delivers a comprehensive review of the crucial players on the Packaged Food Market along with their company profiles, SWOT analysis, latest advancement and business plans.

The analysis objectives of the report are:

To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the Packaged Food Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the Packaged Food Market sub-markets, depending on key regions (various vital states).
To analyze the Global Packaged Food Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global Packaged Food Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global Packaged Food Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.

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This release was published on openPR.