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Global Packaged Food Market: Projected Market Size, Key Players, and Forecast Analysis for 2024-2029
Packaged Food Market Size
What Is The Projected Market Size Of The Global Packaged Food Market And Its Growth Rate?
• The global packaged food market grew from $3119.12 billion in 2024 to $3306.15 billion in 2025 at a CAGR of 6.0%.
• It is expected to grow to $4277.27 billion in 2029 at a CAGR of 6.7%.
• The growth in the forecast period can be attributed to sustainable packaging, e-commerce and online retailing, personalization and customization, health-conscious consumer base, and global population growth.
What Is Driving The Growth In The Packaged Food Market?
The packaged food market is being propelled by the rising popularity of snacks and the convenience offered by packaged foods to fit in with a quick lifestyle. Snacks, often eaten between meals and lighter than regular meals, attract consumers due to their easy transportation and increased shelf life. This has led to an increase in the demand for the packaged food market. For example, in the first nine months of 2022, snack revenues climbed by 11.4% according to the National Confectioners Association, generating a total of $44.9 billion in revenues, a 26% increase over 2019 levels.
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Who Are the Key Players Driving Packaged Food Market Growth?
• General Mills Inc.
• Tyson Foods Inc.
• Conagra Brands Inc.
• JBS SA
• Nestle SA
• Hormel Foods Corporation
• Maple Leaf Foods Inc.
• The Kraft Heinz Company
• Kellogg Company
• PepsiCo Inc.
• Mars Incorporated
• WH Group Limited
• The Hershey Company
• Andros Group
• Histon Sweets Spreads Ltd
• 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
What Are The Key Trends In The Packaged Food Market?
• Health and wellness focus
• Sustainability and eco-friendly packaging
• Convenience and on-the-go options
• Plant-based and alternative proteins
• Digitalization and e-commerce
What Are The Segments Of The Global Packaged Food Market?
• By Type: Dairy Products, Confectionery, Packaged Products, Bakery And Snack, Meat, Poultry And Seafood, Ready Meals, Other Types
• By Material: Glass, Metal, Paper, Plastics, Other Materials
• By Packaging: Jugs, Packets, Bottles, Bags, Bowls, Boxes, Cans, Cartons, Crates
• By Sales Channel: Super markets Or Hyper markets, Specialty Stores, Grocery Stores, Online Stores, Other Sales Channels
Which Region Leads The Packaged Food Market?
In 2024, North America emerged as the largest region in the packaged food market. Moving forward, other regions such as Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa are expected to witness significant growth in the packaged food market.
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What Is Covered In The Packaged Food Market Global Market Report?
- Market Size Analysis: Analyze the Packaged Food Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Packaged Food Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Packaged Food Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Packaged Food Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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