Packaged Food
Packaged Food Market Forecasts to 2030 - Global Analysis By Product Type (Dairy Products, Confectionery, Beverages, Bakery Products, Snacks, Meat, Poultry and Seafood, Breakfast Cereals, Ready-to-Eat Meals and Other Product Types), Packaging Type, Distribution Channel and By Geography
According to Stratistics MRC, the Global Packaged Food Market is accounted for $3,178.3 billion in 2024 and is expected to reach $5,015.7 billion by 2030, growing at a CAGR of 7.9% during the forecast period. Packaged foods are food products that are pre-prepared, portioned, and sealed in containers or packaging to ensure freshness, convenience, and extended shelf life. These products can include ready-to-eat meals, snacks, beverages, canned goods, and frozen foods. Packaged food is designed for easy transport, storage, and consumption, catering to the modern consumer's need for quick and accessible meal solutions while maintaining safety and quality standards.
According to Eurostat, in 2020, the food and beverage manufacturing industry accounted for 14.8% of the total manufacturing turnover in the European Union.
Market Dynamics:
Driver:
Rapid urbanization
Rapid urbanization is a key driver for the packaged food market. As populations shift to urban areas, lifestyles become faster-paced, leading to increased demand for convenient, ready-to-eat food options. Urban consumers often have higher disposable incomes and less time for meal preparation, making packaged foods an attractive choice. Urbanization also brings improved retail infrastructure and cold chain logistics, facilitating the distribution of a wider variety of packaged food products. This trend is particularly significant in developing countries, where urbanization is occurring at a rapid pace.
Restraint:
Growing health concerns
Consumers are becoming increasingly aware of the health implications of processed foods, often high in sugar, salt, and artificial additives. This awareness is leading to a shift towards fresher, less processed options. Health-conscious consumers are scrutinizing labels and seeking products with natural ingredients, lower calorie counts, and added nutritional benefits. This trend is pushing manufacturers to reformulate products and develop healthier alternatives, which can be costly and challenging.
Opportunity:
Rise of online shopping platforms
The rise of online shopping platforms presents a significant opportunity for the packaged food market. E-commerce allows food manufacturers to reach a broader consumer base, bypassing traditional retail constraints. Online platforms enable detailed product information, customer reviews, and personalized recommendations, enhancing the shopping experience. The convenience of home delivery appeals to busy consumers, particularly in urban areas. For packaged food companies, e-commerce offers opportunities for direct-to-consumer sales, data collection on consumer preferences, and the ability to quickly test and launch new products.
Threat:
Presence of counterfeit packaged food products
Counterfeit products not only lead to revenue losses for legitimate manufacturers but also pose serious health risks to consumers. These fake products often use substandard ingredients and may not adhere to safety and hygiene standards. The proliferation of e-commerce has made it easier for counterfeiters to reach consumers, complicating detection and enforcement effort. This threat can damage brand reputation and erode consumer trust in packaged foods.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the packaged food market. Initial panic buying led to surges in demand for shelf-stable and frozen foods. Long-term shifts included increased home cooking and focus on health and immunity-boosting products. Supply chain disruptions affected production and distribution. The pandemic accelerated the adoption of e-commerce for grocery shopping, potentially reshaping future distribution channels for packaged foods.
The supermarkets and hypermarkets segment is expected to be the largest during the forecast period
The supermarkets and hypermarkets segment is expected to maintain their dominance in the packaged food market due to their wide product assortment, competitive pricing, and convenience. These retail formats offer consumers a one-stop shopping experience, with a vast array of packaged food options under one roof. They also provide opportunities for product discovery and impulse purchases. Supermarkets and hypermarkets often have strong relationships with food manufacturers, enabling them to offer exclusive products and promotions. Their established supply chains and storage facilities allow for the efficient distribution of packaged foods, including perishable items.
The ready-to-eat meals segment is expected to have the highest CAGR during the forecast period
The ready-to-eat meals segment is experiencing rapid growth due to changing lifestyles and increasing demand for convenience. These products cater to busy consumers seeking quick, easy meal solutions without compromising on taste or quality. Technological advancements in food processing and packaging have improved the shelf life and nutritional value of ready-to-eat meals, making them more appealing to health-conscious consumers. The segment is also benefiting from innovations in flavors and cuisines, offering a wider variety of options.
Region with largest share:
North America's dominance in the packaged food market is attributed to several factors. The region has a well-established food processing industry, advanced retail infrastructure, and high consumer spending power. American consumers have a long-standing familiarity with packaged foods, driven by busy lifestyles and a culture of convenience. The region is also at the forefront of food innovation, with companies constantly introducing new products to meet evolving consumer preferences, including health-conscious and premium options. Strong marketing and branding efforts, coupled with efficient distribution networks, further solidify North America's leading position in the global packaged food market.
Region with highest CAGR:
The Asia Pacific region is experiencing the highest growth in the packaged food market owing to rapid urbanization, rising disposable incomes, and changing dietary habits, which are driving demand for convenient, packaged food options. The region's large and growing population provides a vast consumer base. The increasing westernization of diets, particularly in urban areas, is boosting consumption of packaged snacks and ready-to-eat meals. Improved retail infrastructure and cold chain logistics are expanding the reach of packaged foods. Additionally, local and international food companies are investing heavily in product development and marketing to cater to diverse regional tastes and preferences.
Key players in the market
Some of the key players in Packaged Food market include Nestlé S.A., PepsiCo, Inc., The Coca-Cola Company, Mondelez International, Inc., The Kraft Heinz Company, General Mills, Inc., Kellogg Company, Mars, Incorporated, Danone S.A., Unilever PLC, Tyson Foods, Inc., ConAgra Brands, Inc., Grupo Bimbo S.A.B. de C.V., Associated British Foods plc, The J.M. Smucker Company, The Hershey Company, Ferrero Group, and ITC Limited.
Key Developments:
In January 2024, Tyson Foods, Inc. has opened a new $355 million food production facility in Bowling Green, Kentucky, to support an expansion of its bacon production capabilities. The 400,000-square-foot plant is expected to produce two million pounds a week of premium quality Jimmy Dean® and Wright® Brand bacon retail products and bacon used in foodservice, representing over $1 billion in sales. The facility will create nearly 450 new jobs and is designed with advanced automation and safety measures. Tyson Foods is aiming to capitalize on the growing market for bacon and lead innovation in the category.
In November 2023, Tyson Foods has officially opened a new $300 million fully-cooked food production facility in Danville, Virginia, delivering on its strategy of accelerating long-term growth, operating as efficiently as possible and investing in its poultry business. It is one of the company’s most-automated plants to date, marking the deployment of innovation pilots and prototypes at scale.
In January 2022, Mondelēz International, Inc. announced that it has completed the acquisition of Chipita Global S.A., a high-growth leader in the Central and Eastern European croissants and baked snacks category. The acquisition marks an exciting milestone in the Company’s strategic plan, focused on accelerating growth in core snacking adjacencies, while continuing to expand its footprint in key markets.
Product Types Covered:
• Dairy Products
• Confectionery
• Beverages
• Bakery Products
• Snacks
• Meat, Poultry and Seafood
• Breakfast Cereals
• Ready-to-Eat Meals
• Other Product Types
Packaging Types Covered:
• Plastic Packaging
• Tetra Pak and Aseptic Packaging
• Metal Packaging
• Glass Packaging
• Paper and Paperboard Packaging
• Other Packaging Types
Distribution Channels Covered:
• Supermarkets and Hypermarkets
• Convenience Stores
• Online Retail Stores
• Vending Machines
• Food Service
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Packaged Food Market, By Product Type
5.1 Introduction
5.2 Dairy Products
5.2.1 Milk
5.2.2 Yogurt
5.2.3 Cheese
5.2.4 Butter
5.2.5 Ice Cream
5.2.6 Other Dairy Products
5.3 Confectionery
5.3.1 Chocolate
5.3.2 Sugar Confectionery
5.3.3 Gum
5.3.3.1 Chewing Gum
5.3.3.2 Sugar-free Gum
5.3.4 Other Confectionery
5.4 Beverages
5.4.1 Carbonated Soft Drinks
5.4.2 Ready-to-Drink Tea and Coffee
5.4.3 Fruit Juices
5.4.4 Sports and Energy Drinks
5.4.5 Bottled Water
5.4.6 Other Beverages
5.4.6.1 Alcoholic Beverages
5.4.6.2 Plant-based Beverages
5.5 Bakery Products
5.5.1 Bread
5.5.2 Cakes and Pastries
5.5.3 Cookies and Biscuits
5.5.4 Other Bakery Products
5.6 Snacks
5.6.1 Sweet Snacks
5.6.1.1 Chocolate Bars
5.6.1.2 Candy
5.6.1.3 Other Sweet Snacks
5.6.2 Savory Snacks
5.6.2.1 Potato Chips
5.6.2.2 Extruded Snacks
5.6.2.3 Nuts and Seeds
5.6.2.4 Other Savory Snacks
5.6.3 Meat Snacks
5.6.3.1 Jerky
5.6.3.2 Salami
5.6.3.3 Other Meat Snacks
5.7 Meat, Poultry and Seafood
5.7.1 Processed Meat
5.7.2 Poultry Products
5.7.3 Seafood Products
5.8 Breakfast Cereals
5.8.1 Ready-to-Eat Cereals
5.8.2 Instant Oatmeal
5.8.3 Other Breakfast Cereals
5.9 Ready-to-Eat Meals
5.9.1 Frozen Meals
5.9.2 Canned Meals
5.9.3 Dry Meals
5.10 Other Product Types
5.10.1 Soups and Sauces
5.10.2 Baby Food
5.10.3 Pet Food
5.10.4 Frozen Foods
5.10.5 Condiments
5.10.6 Spreads
5.10.7 Dips and Dressings
6 Global Packaged Food Market, By Packaging Type
6.1 Introduction
6.2 Plastic Packaging
6.2.1 Bottles
6.2.2 Containers
6.2.3 Films
6.2.4 Trays
6.2.5 Tubes
6.2.6 Other Plastic Packaging
6.3 Tetra Pak and Aseptic Packaging
6.4 Metal Packaging
6.4.1 Cans
6.4.2 Bottles
6.4.3 Foils
6.5 Glass Packaging
6.5.1 Bottles
6.5.2 Jars
6.6 Paper and Paperboard Packaging
6.6.1 Folding Cartons
6.6.2 Corrugated Boxes
6.6.3 Liquid Paperboard Cartons
6.6.4 Paper Bags
6.6.5 Other Paper and Paperboard Packaging
6.7 Other Packaging Types
6.7.1 Pouches
6.7.2 Sachets
6.7.3 Retort Packaging
6.7.4 Barrier Packaging
7 Global Packaged Food Market, By Distribution Channel
7.1 Introduction
7.2 Supermarkets and Hypermarkets
7.3 Convenience Stores
7.4 Online Retail Stores
7.5 Vending Machines
7.6 Food Service
7.6.1 Restaurants
7.6.2 Cafes
8 Global Packaged Food Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Nestlé S.A.
10.2 PepsiCo, Inc.
10.3 The Coca-Cola Company
10.4 Mondelez International, Inc.
10.5 The Kraft Heinz Company
10.6 General Mills, Inc.
10.7 Kellogg Company
10.8 Mars, Incorporated
10.9 Danone S.A.
10.10 Unilever PLC
10.11 Tyson Foods, Inc.
10.12 ConAgra Brands, Inc.
10.13 Grupo Bimbo S.A.B. de C.V.
10.14 Associated British Foods plc
10.15 The J.M. Smucker Company
10.16 The Hershey Company
10.17 Ferrero Group
10.18 ITC Limited
List of Tables
1 Global Packaged Food Market Outlook, By Region (2022-2030) ($MN)
2 Global Packaged Food Market Outlook, By Product Type (2022-2030) ($MN)
3 Global Packaged Food Market Outlook, By Dairy Products (2022-2030) ($MN)
4 Global Packaged Food Market Outlook, By Milk (2022-2030) ($MN)
5 Global Packaged Food Market Outlook, By Yogurt (2022-2030) ($MN)
6 Global Packaged Food Market Outlook, By Cheese (2022-2030) ($MN)
7 Global Packaged Food Market Outlook, By Butter (2022-2030) ($MN)
8 Global Packaged Food Market Outlook, By Ice Cream (2022-2030) ($MN)
9 Global Packaged Food Market Outlook, By Other Dairy Products (2022-2030) ($MN)
10 Global Packaged Food Market Outlook, By Confectionery (2022-2030) ($MN)
11 Global Packaged Food Market Outlook, By Chocolate (2022-2030) ($MN)
12 Global Packaged Food Market Outlook, By Sugar Confectionery (2022-2030) ($MN)
13 Global Packaged Food Market Outlook, By Gum (2022-2030) ($MN)
14 Global Packaged Food Market Outlook, By Other Confectionery (2022-2030) ($MN)
15 Global Packaged Food Market Outlook, By Beverages (2022-2030) ($MN)
16 Global Packaged Food Market Outlook, By Carbonated Soft Drinks (2022-2030) ($MN)
17 Global Packaged Food Market Outlook, By Ready-to-Drink Tea and Coffee (2022-2030) ($MN)
18 Global Packaged Food Market Outlook, By Fruit Juices (2022-2030) ($MN)
19 Global Packaged Food Market Outlook, By Sports and Energy Drinks (2022-2030) ($MN)
20 Global Packaged Food Market Outlook, By Bottled Water (2022-2030) ($MN)
21 Global Packaged Food Market Outlook, By Other Beverages (2022-2030) ($MN)
22 Global Packaged Food Market Outlook, By Bakery Products (2022-2030) ($MN)
23 Global Packaged Food Market Outlook, By Bread (2022-2030) ($MN)
24 Global Packaged Food Market Outlook, By Cakes and Pastries (2022-2030) ($MN)
25 Global Packaged Food Market Outlook, By Cookies and Biscuits (2022-2030) ($MN)
26 Global Packaged Food Market Outlook, By Other Bakery Products (2022-2030) ($MN)
27 Global Packaged Food Market Outlook, By Snacks (2022-2030) ($MN)
28 Global Packaged Food Market Outlook, By Sweet Snacks (2022-2030) ($MN)
29 Global Packaged Food Market Outlook, By Savory Snacks (2022-2030) ($MN)
30 Global Packaged Food Market Outlook, By Meat Snacks (2022-2030) ($MN)
31 Global Packaged Food Market Outlook, By Meat, Poultry and Seafood (2022-2030) ($MN)
32 Global Packaged Food Market Outlook, By Processed Meat (2022-2030) ($MN)
33 Global Packaged Food Market Outlook, By Poultry Products (2022-2030) ($MN)
34 Global Packaged Food Market Outlook, By Seafood Products (2022-2030) ($MN)
35 Global Packaged Food Market Outlook, By Breakfast Cereals (2022-2030) ($MN)
36 Global Packaged Food Market Outlook, By Ready-to-Eat Cereals (2022-2030) ($MN)
37 Global Packaged Food Market Outlook, By Instant Oatmeal (2022-2030) ($MN)
38 Global Packaged Food Market Outlook, By Other Breakfast Cereals (2022-2030) ($MN)
39 Global Packaged Food Market Outlook, By Ready-to-Eat Meals (2022-2030) ($MN)
40 Global Packaged Food Market Outlook, By Frozen Meals (2022-2030) ($MN)
41 Global Packaged Food Market Outlook, By Canned Meals (2022-2030) ($MN)
42 Global Packaged Food Market Outlook, By Dry Meals (2022-2030) ($MN)
43 Global Packaged Food Market Outlook, By Other Product Types (2022-2030) ($MN)
44 Global Packaged Food Market Outlook, By Packaging Type (2022-2030) ($MN)
45 Global Packaged Food Market Outlook, By Plastic Packaging (2022-2030) ($MN)
46 Global Packaged Food Market Outlook, By Bottles (2022-2030) ($MN)
47 Global Packaged Food Market Outlook, By Containers (2022-2030) ($MN)
48 Global Packaged Food Market Outlook, By Films (2022-2030) ($MN)
49 Global Packaged Food Market Outlook, By Trays (2022-2030) ($MN)
50 Global Packaged Food Market Outlook, By Tubes (2022-2030) ($MN)
51 Global Packaged Food Market Outlook, By Other Plastic Packaging (2022-2030) ($MN)
52 Global Packaged Food Market Outlook, By Tetra Pak and Aseptic Packaging (2022-2030) ($MN)
53 Global Packaged Food Market Outlook, By Metal Packaging (2022-2030) ($MN)
54 Global Packaged Food Market Outlook, By Cans (2022-2030) ($MN)
55 Global Packaged Food Market Outlook, By Bottles (2022-2030) ($MN)
56 Global Packaged Food Market Outlook, By Foils (2022-2030) ($MN)
57 Global Packaged Food Market Outlook, By Glass Packaging (2022-2030) ($MN)
58 Global Packaged Food Market Outlook, By Bottles (2022-2030) ($MN)
59 Global Packaged Food Market Outlook, By Jars (2022-2030) ($MN)
60 Global Packaged Food Market Outlook, By Paper and Paperboard Packaging (2022-2030) ($MN)
61 Global Packaged Food Market Outlook, By Folding Cartons (2022-2030) ($MN)
62 Global Packaged Food Market Outlook, By Corrugated Boxes (2022-2030) ($MN)
63 Global Packaged Food Market Outlook, By Liquid Paperboard Cartons (2022-2030) ($MN)
64 Global Packaged Food Market Outlook, By Paper Bags (2022-2030) ($MN)
65 Global Packaged Food Market Outlook, By Other Paper and Paperboard Packaging (2022-2030) ($MN)
66 Global Packaged Food Market Outlook, By Other Packaging Types (2022-2030) ($MN)
67 Global Packaged Food Market Outlook, By Pouches (2022-2030) ($MN)
68 Global Packaged Food Market Outlook, By Sachets (2022-2030) ($MN)
69 Global Packaged Food Market Outlook, By Retort Packaging (2022-2030) ($MN)
70 Global Packaged Food Market Outlook, By Barrier Packaging (2022-2030) ($MN)
71 Global Packaged Food Market Outlook, By Distribution Channel (2022-2030) ($MN)
72 Global Packaged Food Market Outlook, By Introduction (2022-2030) ($MN)
73 Global Packaged Food Market Outlook, By Supermarkets and Hypermarkets (2022-2030) ($MN)
74 Global Packaged Food Market Outlook, By Convenience Stores (2022-2030) ($MN)
75 Global Packaged Food Market Outlook, By Online Retail Stores (2022-2030) ($MN)
76 Global Packaged Food Market Outlook, By Vending Machines (2022-2030) ($MN)
77 Global Packaged Food Market Outlook, By Food Service (2022-2030) ($MN)
78 Global Packaged Food Market Outlook, By Restaurants (2022-2030) ($MN)
79 Global Packaged Food Market Outlook, By Cafes (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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