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Global Packaged Food Market Size, Share, Trends, Forecast: By Type: Breakfast Cereals, Dairy Products, Confectionery, Meat, Poultry and Seafood, Ready Meals, Bakery, Snacks, Beverage, Others; By Distribution Channel: Supermarket/Hypermarket, Specialty Stores, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Packaged Food Market Outlook
The global packaged food market size reached approximately USD 2.43 trillion in 2023. The market is projected to grow at a CAGR of 5.2% between 2024 and 2032, reaching a value of around USD 3.85 trillion by 2032.
Key Trends in the Market
Packaged food is a term for food items that have undergone processing, preparation, and packaging before reaching consumers. These food products are typically sold in sealed containers, boxes, cans, pouches, or other forms of packaging designed to preserve their quality, safety, and shelf-life. These are convenience foods that are typically ready-to-eat or require minimal preparation.
- The global packaged food market growth is significantly influenced by the increasing health consciousness. This trend is being driven by the rising demand for packaged foods that are nutritious, organic, and free from artificial additives, preservatives, and excessive sugar or salt. Consumers are shifting towards such products owing to the growing awareness of the link between diet and health, as well as concerns about obesity and related health issues.
- The consumption of packaged foods is expected to be high during the forecast period due to the increasingly busy lifestyle of people. The global packaged food market demand can be positively influenced by consumers seeking products that require minimal preparation time without compromising on taste and nutritional value.
- One of the major global packaged food market trends is the rapid expansion of e-commerce platforms. The sales of packaged foods from such platforms are likely to be high during the forecast period owing to the ease of ordering online and the availability of a wide range of products. Furthermore, reviews about the products also allow consumers to make better decisions when shopping, which further drives this trend.
Market Analysis
Based on product type, the market can be segmented into breakfast cereals, dairy products, confectionery, meat, poultry and seafood, ready meals, bakery, snacks, and beverage, among others. The global packaged food market segmentation, based on distribution channel, includes supermarket/hypermarket, specialty stores, convenience stores, and online retail stores, among others. The major regional markets for packaged foods are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global packaged food market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Nestle S.A.
- Unilever Plc
- Mars, Incorporated
- Kellogg Company
- General Mills Inc.
- Dr. August Oetker Nahrungsmittel KG
- Tyson Foods, Inc.
- Conagra Brands, Inc.
- Hormel Foods, LLC
- McCain Foods Ltd.
- Others
Market Share by Product Type
According to the global packaged food market analysis, breakfast cereals are likely to experience significant growth in the coming years. The growth of this segment can be attributed to several factors, including convenience, variety, and health benefits associated with many cereal options. Consumers appreciate breakfast cereals due to the quick preparation process, making them a popular choice for busy individuals and families.
Market Share by Region
The rising demand for packaged foods in developed nations, especially North America, is expected to expand the global packaged food market share in the coming years. North America is likely to experience a significant surge in the popularity and consumption of packaged food attributed to its numerous advantages, including the functional convenience it offers in terms of usage and preparation. Packaged foods provide consumers with a wide array of choices. Moreover, they mitigate the risk of food tampering, minimise food spoilage, and reduce the likelihood of product damage, among other benefits.
Competitive Landscape
Nestle S.A. is one of the largest food and beverage manufacturing companies in the world, providing a wide range of products, such as coffee and beverages, dairy, confectionery, and healthcare nutrition, among others. Founded in 1866 and headquartered in Switzerland, the company operates in over 180 countries and employs hundreds of thousands of people worldwide.
Unilever Plc is a British-Dutch multinational company with dual headquarters in London, United Kingdom. It is one of the largest and most diversified consumer goods companies in the world. Unilever's history dates back to the late 19th century, and it has since evolved into a global powerhouse in the fast-moving consumer goods (FMCG) sector.
Mars, Incorporated is one of the largest family-owned companies manufacturing a wide variety of everyday products. It started operations back in 1911, and its main office is located in Virginia, USA. Mars is known all over the world for being one of the biggest companies that manufactures a wide range of food, pet care products, and confectionery.
Other global packaged food market players include Kellogg Company, General Mills Inc., Dr. August Oetker Nahrungsmittel KG, Tyson Foods, Inc., Conagra Brands, Inc., Hormel Foods, LLC, and McCain Foods Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Packaged Food Market Analysis
8.1 Key Industry Highlights
8.2 Global Packaged Food Historical Market (2018-2023)
8.3 Global Packaged Food Market Forecast (2024-2032)
8.4 Global Packaged Food Market by Type
8.4.1 Breakfast Cereals
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Dairy Products
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Confectionery
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Meat, Poultry and Seafood
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Ready Meals
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Bakery
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Snacks
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.8 Beverage
8.4.8.1 Historical Trend (2018-2023)
8.4.8.2 Forecast Trend (2024-2032)
8.4.9 Others
8.5 Global Packaged Food Market by Distribution Channel
8.5.1 Supermarket/Hypermarket
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Specialty Stores
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Convenience Stores
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Online Retail Stores
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Packaged Food Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Packaged Food Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Packaged Food Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Packaged Food Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Packaged Food Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Packaged Food Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Nestle S.A.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Unilever Plc
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Mars, Incorporated
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Kellogg Company
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 General Mills Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Dr. August Oetker Nahrungsmittel KG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Tyson Foods, Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Conagra Brands, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Hormel Foods, LLC
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 McCain Foods Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Packaged Food Market: Key Industry Highlights, 2018 and 2032
2. Global Packaged Food Historical Market: Breakup by Type (USD Trillion), 2018-2023
3. Global Packaged Food Market Forecast: Breakup by Type (USD Trillion), 2024-2032
4. Global Packaged Food Historical Market: Breakup by Distribution Channel (USD Trillion), 2018-2023
5. Global Packaged Food Market Forecast: Breakup by Distribution Channel (USD Trillion), 2024-2032
6. Global Packaged Food Historical Market: Breakup by Region (USD Trillion), 2018-2023
7. Global Packaged Food Market Forecast: Breakup by Region (USD Trillion), 2024-2032
8. North America Packaged Food Historical Market: Breakup by Country (USD Trillion), 2018-2023
9. North America Packaged Food Market Forecast: Breakup by Country (USD Trillion), 2024-2032
10. Europe Packaged Food Historical Market: Breakup by Country (USD Trillion), 2018-2023
11. Europe Packaged Food Market Forecast: Breakup by Country (USD Trillion), 2024-2032
12. Asia Pacific Packaged Food Historical Market: Breakup by Country (USD Trillion), 2018-2023
13. Asia Pacific Packaged Food Market Forecast: Breakup by Country (USD Trillion), 2024-2032
14. Latin America Packaged Food Historical Market: Breakup by Country (USD Trillion), 2018-2023
15. Latin America Packaged Food Market Forecast: Breakup by Country (USD Trillion), 2024-2032
16. Middle East and Africa Packaged Food Historical Market: Breakup by Country (USD Trillion), 2018-2023
17. Middle East and Africa Packaged Food Market Forecast: Breakup by Country (USD Trillion), 2024-2032
18. Global Packaged Food Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 2.43 trillion.
The market is projected to grow at a CAGR of 5.2% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 3.85 trillion by 2032.
The market is driven by the increasing health consciousness among people and the busy lifestyle of the working population.
The growing demand for ready-to-eat food products and the rapid growth of the e-commerce sector are propelling the development of the market.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different product types are breakfast cereals, dairy products, confectionery, meat, poultry and seafood, ready meals, bakery, snacks, and beverage, among others.
The key players in the market include Nestle S.A., Unilever Plc, Mars, Incorporated, Kellogg Company, General Mills Inc., Dr. August Oetker Nahrungsmittel KG, Tyson Foods, Inc., Conagra Brands, Inc., Hormel Foods, LLC, and McCain Foods Ltd., among others.
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