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Packaged Food Market Size, Share, Market Growth Trends, Business Opportunities, And Forecast To 2033

Packaged Food Market Size

Packaged Food Market Size

The new report published by The Business Research Company, titled "Packaged Food Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the packaged food market size has grown strongly in recent years. It will grow from $2939.88 billion in 2023 to $3119.12 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The packaged food market size is expected to see strong growth in the next few years. It will grow to $3972.73 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=9918&type=smp

Packaged Food Market Thrives Through The Impact Of Rising Snack Popularity And Quick Lifestyles
The rise in popularity of snacks and a quick lifestyle is expected to propel the growth of the packaged food market in the coming future. A snack is a smaller food serving that is often eaten between meals and is lighter than a meal. Snacks that are available in different packaging attract consumers and also enable easier transportation while promoting food safety and shelf life, as a result, the rising popularity of snacks and a quick lifestyle increases the demand for the packaged food market. For instance, in November 2022, according to the National Confectioners Association, a US-based trade association that emphasizes the special contribution that chocolate, candies, gum, and mints make to a contented and balanced existence, overall snack revenues climbed by 11.4% in IRI's multi-outlet plus convenience outlet universe in the first nine months of 2022. The revenues totaled $44.9 billion, increasing 26% over the pre-pandemic level in 2019. Therefore, the rise in popularity of snacks and a quick lifestyle is driving the packaged food market.

Innovative Sustainable Packaging Solutions Transforming The Packaged Food Market
Rising innovative sustainable packaging for packaged food is the key trend gaining popularity in the packaged food market. Major companies operating in the packaged food market are focused on developing sustainable packaging technologies to strengthen their position in the market. For instance, in December 2022, Koehler Paper, a Germany-based packaging company that creates and manufactures papers for packing with a disruptive barrier function, launched Koehler NexPure OGR. This new sustainable paper packaging can withstand grease and oil and is excellent for packaging food products, which are fluorochemical-free and hence a sustainable, ecologically beneficial replacement to the wrapping material presently utilized by the fast-food industry. The novel paper has a grammage of 38 gsm and employs natural raw materials for the barrier function.

The packaged food market covered in this report is segmented -

1) By Type: Dairy Products, Confectionery, Packaged Products, Bakery And Snack, Meat, Poultry And Seafood, Ready Meals, Other Types
2) By Material: Glass, Metal, Paper, Plastics, Other Materials
3) By Packaging: Jugs, Packets, Bottles, Bags, Bowls, Boxes, Cans, Cartons, Crates
4) By Sales Channel: Supermarkets Or Hypermarkets, Specialty Stores, Grocery Stores, Online Stores, Other Sales Channels

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Major companies operating in the packaged food market report are General Mills Inc., Tyson Foods Inc., Conagra Brands Inc., JBS SA, Nestle SA, Hormel Foods Corporation, Maple Leaf Foods Inc., The Kraft Heinz Company, Smithfield Foods Inc., Kellogg Company, PepsiCo Inc., Mars Incorporated, WH Group Limited, The Hershey Company, Andros Group, Histon Sweets Spreads Ltd, The Coca-Cola Company, Danone SA, Mondelz Global LLC, Unilever plc, Gehl Foods LLC, B & G Foods Inc., Frito-Lay Inc., Mann Packing Co. Inc., Bonduelle Group, The Keebler Company, McCain Foods Limited, Grupo Bimbo S.A.B. de C.V., Campbell Soup Company, Nomad Foods Limited, Monde Nissin Corporation .

Contents of the report:
1. Executive Summary
2. Packaged Food Market Report Structure
3. Packaged Food Market Trends And Strategies
4. Packaged Food Market - Macro Economic Scenario
5. Packaged Food Market Size And Growth
…..
27. Packaged Food Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/packaged-food-global-market-report

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The Business Research Company
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Email: info@tbrc.info
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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