Pre Packaged Food Market
Pre-Packaged Food Market Forecasts to 2030 - Global Analysis By Product Type (Ready-to-Eat (RTE), Frozen Foods, Snacks, Beverages, Dried Foods, Packaged Bakery Products, Canned & Jarred Foods and Other Product Types), Packaging Type, Distribution Channel, End User and By Geography
According to Stratistics MRC, the Global Pre-Packaged Food Market is growing at a CAGR of 9.4% during the forecast period. Pre-packaged food is any food product that is prepared, processed, and packaged by manufacturers before being sold to consumers. These foods are typically ready-to-eat or require minimal preparation and come in sealed packages designed to maintain freshness, extend shelf life, and ensure convenience. Pre-packaged foods can include items like canned goods, frozen meals, snacks, beverages, and other products that are sold in containers, boxes, or other forms of packaging.
Market Dynamics:
Driver:
Growing demand for diverse food options
As consumers seek a broader range of flavors and cuisines, manufacturers are responding by developing pre-packaged foods that reflect global culinary trends. This includes offerings from various cultures, allowing consumers to experience international flavors without the need for extensive cooking skills. The inclusion of diverse options caters to adventurous eaters and those interested in multicultural dining experiences
Restraint:
Growing health concerns
Consumer trust in processed foods is declining due to concerns about high sodium, sugar, and preservatives in these products. This can lead to reduced sales for companies that fail to adapt to health-conscious trends. The preference for fresh, minimally processed foods is also shifting, with many prioritizing whole foods over convenience. This trend presents a challenge for manufacturers to compete with the appeal of fresh produce and homemade meals.
Opportunity:
Availability of international cuisines in pre-packaged formats
The introduction of diverse international cuisines in pre-packaged formats has expanded product offerings, catering to a broader audience and attracting consumers who are eager to explore new tastes from home. This diversification attracts consumers who are more adventurous in their eating habits, driving growth in the pre-packaged food sector by encouraging manufacturers to innovate and reflect global culinary trends.
Threat:
Environmental degradation
Heightened awareness of environmental degradation has resulted in stricter regulations regarding packaging materials and waste management. Governments are increasingly enforcing laws aimed at reducing plastic waste and promoting sustainable packaging solutions. Compliance with these regulations can impose additional costs on manufacturers, potentially affecting their profitability and pricing strategies
Covid-19 Impact:
The COVID-19 pandemic has had a significant impact on the pre-packaged food market. Lockdowns and social distancing measures have led to increased demand for convenient, shelf-stable foods as consumers cook more at home. Prices of storable items like rice and wheat have risen, while perishable foods like onions have seen price drops. Disruptions to supply chains, labor shortages, and trade restrictions have challenged manufacturers. However, the pandemic has also accelerated trends towards healthier, sustainable options as consumers prioritize nutrition
The frozen foods segment is expected to be the largest during the forecast period
The frozen foods is expected to be the largest during the forecast period because frozen foods cater to busy lifestyles with their convenient, easy-to-prepare meal options, driving higher sales in the pre-packaged food market. Their diverse product offerings, including fruits, vegetables, ready meals, and international cuisines, enhance consumer choice and attract health-conscious consumers seeking nutritious frozen options boosting the growth of the market.
The rigid packaging segment is expected to have the highest CAGR during the forecast period
The rigid packaging segment is expected to have the highest CAGR during the forecast period as it offers enhanced product protection by preventing light, air, and moisture exposure, extending shelf life and maintaining freshness for perishable items. This trust in pre-packaged foods contributes to market growth. Additionally, rigid packaging offers convenience, allowing easy stacking, storage, and transportation, appealing to busy consumers seeking quick meal solutions.
Region with largest share:
North America is projected to hold the largest market share during the forecast period owing to notable shift towards healthier options within the pre-packaged food segment. Consumers are increasingly seeking products that offer nutritional benefits, such as organic and low-calorie options. This trend is prompting manufacturers to innovate and expand their product lines to meet these demands
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period as this region offers a diverse range of pre-packaged foods, including frozen meals, canned goods, and snacks, with international cuisines in pre-packaged formats expanding consumer choice. Distribution channels include supermarkets, convenience stores, and online retail, with e-commerce facilitating easy access.
Key players in the market
Some of the key players in Pre-Packaged Food market include Beyond Meat, Inc., Campbell Soup Company, Danone SA, General Mills Inc., Hormel Foods Corporation, J.M. Smucker Company, Kellogg Co., Mondelz Global LLC, Nestle SA, PepsiCo, Inc., Reynolds Consumer Products Inc., Smithfield Foods, Inc., The Coca-Cola Company, The Kraft Heinz Company, Tyson Foods, Inc. and Unilever PLC
Key Developments:
In July 2024, Nestlé to expanded its maternal health offering to support motherhood, to meet the unique nutritional needs of women as they embark on motherhood, Nestlé has developed a range of tailored nutritional solutions under the Materna brand.
In June 2024, Nestlé Health Science launches GLP-1 nutrition support platform in the U.S. Nestlé Health Science is supporting those consumers with a new, innovative web platform that provides comprehensive support for people on GLP-1 medications.
Product Types Covered:
• Ready-to-Eat (RTE)
• Frozen Foods
• Snacks
• Beverages
• Dried Foods
• Packaged Bakery Products
• Canned & Jarred Foods
• Other Product Types
Packaging Types Covered:
• Flexible Packaging
• Rigid Packaging
• Aseptic Packaging
• Vacuum Packaging
• Other Packaging Types
Distribution Channels Covered:
• Retail
• Online
• Food Services
• Other Distribution Channels
End Users Covered:
• Home Consumption
• Food Service
• Institutional
• Travel
• Catering
• Other End Users
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
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliance
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 End User Analysis
3.8 Emerging Markets
3.9 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 Pre-Packaged Food Market, By Product Type
5.1 Introduction
5.2 Ready-to-Eat (RTE)
5.3 Frozen Foods
5.4 Snacks
5.5 Beverages
5.6 Dried Foods
5.7 Packaged Bakery Products
5.8 Canned & Jarred Foods
5.9 Other Product Types
6 Global Pre-Packaged Food Market, By Packaging Type
6.1 Introduction
6.2 Flexible Packaging
6.3 Rigid Packaging
6.4 Aseptic Packaging
6.5 Vacuum Packaging
6.6 Other Packaging Types
7 Global Pre-Packaged Food Market, By Distribution Channel
7.1 Introduction
7.2 Retail
7.3 Online
7.4 Food Services
7.5 Other Distribution Channels
8 Global Pre-Packaged Food Market, By End User
8.1 Introduction
8.2 Home Consumption
8.3 Food Service
8.4 Institutional
8.5 Travel
8.6 Catering
8.7 Other End Users
9 Global Pre-Packaged Food Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Beyond Meat, Inc.
11.2 Campbell Soup Company
11.3 Danone SA
11.4 General Mills Inc.
11.5 Hormel Foods Corporation
11.6 J.M. Smucker Company
11.7 Kellogg Co.
11.8 Mondelz Global LLC
11.9 Nestle SA
11.1 PepsiCo, Inc.
11.11 Reynolds Consumer Products Inc.
11.12 Smithfield Foods, Inc.
11.13 The Coca-Cola Company
11.14 The Kraft Heinz Company
11.15 Tyson Foods, Inc.
11.16 Unilever PLC
List of Tables
1 Global Pre-Packaged Food Market Outlook, By Region (2022-2030) ($MN)
2 Global Pre-Packaged Food Market Outlook, By Product Type (2022-2030) ($MN)
3 Global Pre-Packaged Food Market Outlook, By Ready-to-Eat (RTE) (2022-2030) ($MN)
4 Global Pre-Packaged Food Market Outlook, By Frozen Foods (2022-2030) ($MN)
5 Global Pre-Packaged Food Market Outlook, By Snacks (2022-2030) ($MN)
6 Global Pre-Packaged Food Market Outlook, By Beverages (2022-2030) ($MN)
7 Global Pre-Packaged Food Market Outlook, By Dried Foods (2022-2030) ($MN)
8 Global Pre-Packaged Food Market Outlook, By Packaged Bakery Products (2022-2030) ($MN)
9 Global Pre-Packaged Food Market Outlook, By Canned & Jarred Foods (2022-2030) ($MN)
10 Global Pre-Packaged Food Market Outlook, By Other Product Types (2022-2030) ($MN)
11 Global Pre-Packaged Food Market Outlook, By Packaging Type (2022-2030) ($MN)
12 Global Pre-Packaged Food Market Outlook, By Flexible Packaging (2022-2030) ($MN)
13 Global Pre-Packaged Food Market Outlook, By Rigid Packaging (2022-2030) ($MN)
14 Global Pre-Packaged Food Market Outlook, By Aseptic Packaging (2022-2030) ($MN)
15 Global Pre-Packaged Food Market Outlook, By Vacuum Packaging (2022-2030) ($MN)
16 Global Pre-Packaged Food Market Outlook, By Other Packaging Types (2022-2030) ($MN)
17 Global Pre-Packaged Food Market Outlook, By Distribution Channel (2022-2030) ($MN)
18 Global Pre-Packaged Food Market Outlook, By Retail (2022-2030) ($MN)
19 Global Pre-Packaged Food Market Outlook, By Online (2022-2030) ($MN)
20 Global Pre-Packaged Food Market Outlook, By Food Services (2022-2030) ($MN)
21 Global Pre-Packaged Food Market Outlook, By Other Distribution Channels (2022-2030) ($MN)
22 Global Pre-Packaged Food Market Outlook, By End User (2022-2030) ($MN)
23 Global Pre-Packaged Food Market Outlook, By Home Consumption (2022-2030) ($MN)
24 Global Pre-Packaged Food Market Outlook, By Food Service (2022-2030) ($MN)
25 Global Pre-Packaged Food Market Outlook, By Institutional (2022-2030) ($MN)
26 Global Pre-Packaged Food Market Outlook, By Travel (2022-2030) ($MN)
27 Global Pre-Packaged Food Market Outlook, By Catering (2022-2030) ($MN)
28 Global Pre-Packaged Food Market Outlook, By Other End Users (2022-2030) ($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.
For more details about research methodology, kindly write to us at info@strategymrc.com
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