Europe Packaged Food Market to Reach $ 892 Billion by 2022, Says TechSci Research

Increasing household disposable income, improving standard of living and growing acceptance among consumers to drive Europe packaged food market through 2022

According to a TechSci Research report, “Europe Packaged Food Market By Product Type, By Packaging Type, By Point of Sale, Competition Forecast & Opportunities, 2012 – 2022”, the packaged food market in Europe is projected to cross $ 892 billion by 2022. A large base of the region’s population is getting increasingly busier with lesser time to get involved in household activities or to indulge in cooking, thus driving the packaged food market in Europe. Moreover, increase in number of working women along with growing awareness regarding the benefits of packaged food is positively influencing packaged food market in the region. In addition, increasing tourist footfall in the region is another major factor expected to propel demand for packaged food items in Europe during 2017 – 2022.

Browse 19 market data Tables and 77 Figures spread through 160 Pages and an in-depth TOC on"Europe Packaged Food Market"

https://www.techsciresearch.com/report/europe-packaged-food-market-by-product-type-ready-meals-baked-goods-baby-food-dressing-condiments-etc-by-packaging-type-paper-board-rigid-plastic-flexible-packaging-metal-others-competition-forecast-opportunities/1057.html

Increasing awareness regarding benefits of healthy lifestyle and expanding working population are aiding Europe packaged food market. Furthermore, expanding urban population and expanding working base are some of the other factors expected to propel the demand for packaged food in Europe over the next five years. According to the Organisation for Economic Co-operation and Development (OECD), the European Union’s household disposable income annual growth rate stood at 2.2% in 2015. With anticipated improvement in household disposable income in the coming years, an increasing number of consumers in Europe are expected to shifting towards packaged food and this trend is expected to prevail through 2022.

“In Europe, the consumption and purchase patterns of consumers with respect to packaged food has changed over the years owing to evolving lifestyles. They are looking for highly nutritious foods, thereby healthy packaged foods are in huge demand in Europe. To address this demand, various manufacturers are introducing products that are available in air tight and eco-friendly packaging, which helps in preservation of nutrients in the long run. Seven-layer packaging of tetra packs is witnessing increasing adoption among manufacturers to ensure nutritional retention and higher shelf life of their product offerings.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Europe Packaged Food Market By Product Type, By Packaging Type, By Point of Sale, Competition Forecast & Opportunities, 2012 – 2022” has evaluated the future growth potential of Europe packaged food market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the Europe packaged food market.

About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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This release was published on openPR.