Unlocking Opportunities in the Packaged Food Market: Key Trends, Market Growth, and Forecast Insights
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Primary Drivers Are Supporting the Continued Market Growth of thePackaged Food Market?
The increasing appeal of snacks and fast-paced lifestyle is anticipated to drive the expansion of the packaged food industry in the foreseeable future. Snack foods, which are typically smaller and less substantial than regular meals and often consumed in between, are drawing consumers due to their varied packaging. This kind of packaging not only allows for easy transportation but also enhances food safety and extends shelf life. Consequently, the surging popularity of snacks and fast-paced living patterns are boosting the demand for the packaged food industry. For example, the National Confectioners Association, an American trade group that underscores the unique benefits of chocolate, candies, gum, and mints to a satisfying and balanced life, reported that total snack sales across IRI’s multi-outlet plus convenience outlet universe soared by 11.4% in the first nine months of 2022. The sales hit $44.9 billion, marking a 26% hike from the pre-pandemic levels in 2019. Therefore, the increasing appeal of snacks and fast-paced lifestyle is propelling the growth of the packaged food industry.
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#What is the Projected CAGR for the Packaged Food Market Size from 2025 to 2034?
The size of the packaged food market has seen a robust growth in the past few years. The market is projected to expand from $3119.12 billion in 2024 to $3306.15 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.0%. The surge in the historic phase can be credited to factors like consumer choices, globalization, health and wellness trends, marketing and promotional strategies, and economic conditions.
The size of the packaged food market is set to witness a substantial expansion in the upcoming years, with an anticipate growth to $4277.27 billion by 2029, following a compound annual growth rate (CAGR) of 6.7%. This expected surge within the forecasted period can be credited to factors such as sustainable packaging, the rise of e-commerce and online retailing, personalized and customized offerings, increased health-awareness among consumers, and global population growth. Key trends predicted for the forecast period include a shift towards health and wellness, a commitment to sustainability and eco-friendly packaging, convenience and portable options, plant-based and alternative proteins, as well as the rise of digitalization and e-commerce.
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How Are Consumer Market Innovations Shaping the Current and Future Landscape of thePackaged Food Market?
The growing tendency towards innovative sustainable packaging in the packaged food industry is a significant trend that’s gaining momentum. Most players in the field of packaged food are making strides in the development of sustainable packing technologies, seeking to consolidate their market standing. This trend was exemplified when Koehler Paper, a German packaging business known for its innovative barrier function papers for packing, launched Koehler NexPure OGR in December 2022. This sustainable paper packaging product, which is greased and oil resistant, offers an environmentally-friendly alternative to current fast-food industry packaging materials, as it is fluorochemical-free. This revolutionary paper, which weighs in at 38 GSM, utilizes natural components for its barrier function.
Who Are the Key Market Players Influencing the Growth of the Corn and Packaged Food Industry?
Major companies operating in the packaged food market include 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
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Which Key Market Segments Comprise the Packaged Food Market and Drive Its Revenue Growth?
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: Super markets Or Hyper markets, Specialty Stores, Grocery Stores, Online Stores, Other Sales Channels
Subsegments:
1) By Dairy Products: Milk And Cream, Cheese, Yogurt, Butter And Margarine
2) By Confectionery: Chocolate, Hard Candy, Gummy Candies, Mints
3) By Packaged Products: Canned Foods, Frozen Foods, Sauces And Condiments
4) By Bakery And Snack: Bread And Baked Goods, Cookies And Biscuits, Chips And Crackers, Granola Bars
5) By Meat, Poultry, And Seafood: Fresh Meat, Processed Meat, Poultry Products, Seafood Products
6) By Ready Meals: Frozen Meals, Chilled Meals, Shelf-Stable Meals
7) By Other Types: Instant Noodles, Meal Kits, Plant-Based Foods
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Which Regions Are Emerging as Leaders in the Packaged Food Market?
North America was the largest region in the packaged food market in 2024. The regions covered in the packaged food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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