PUBLISHER: The Business Research Company | PRODUCT CODE: 1664578
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664578
Packaged food encompasses items that have been entirely enclosed in a covering to prevent direct exposure to the environment, achieved through either transparent or impermeable wrapping. This practice is instrumental in extending the shelf life and preserving the freshness of the food.
The primary categories of packaged food include dairy products, confectionery, packaged items, bakery and snacks, meat, poultry and seafood, ready meals, and others. Dairy products constitute items derived from milk, a historically significant source of nutrients for individuals. The diverse range of materials employed in packaging comprises glass, metal, paper, plastics, and others, utilizing various formats such as jugs, packets, bottles, bags, bowls, boxes, cans, cartons, and crates. These products are distributed through different retail channels such as supermarkets or hypermarkets, specialty stores, grocery stores, online platforms, and others.
The packaged food market research report is one of a series of new reports from The Business Research Company that provides packaged food market statistics, including packaged food industry global market size, regional shares, competitors with a packaged food market share, detailed packaged food market segments, market trends and opportunities, and any further data you may need to thrive in the packaged food industry. This packaged food market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The packaged food market size has grown strongly in recent years. It will grow from $3119.12 billion in 2024 to $3306.15 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to consumer preferences, globalization, health and wellness trends, marketing and advertising, economic factors.
The packaged food market size is expected to see strong growth in the next few years. It will grow to $4277.27 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to sustainable packaging, e-commerce and online retailing, personalization and customization, health-conscious consumer base, global population growth. Major trends in the forecast period include health and wellness focus, sustainability and eco-friendly packaging, convenience and on-the-go options, plant-based and alternative proteins, digitalization and e-commerce.
The projected surge in the popularity of snacks and the adoption of a fast-paced lifestyle are anticipated to drive the growth of the packaged food market in the foreseeable future. Snacks, being smaller and lighter than regular meals, are increasingly favored between meals, and the diverse packaging options available make them attractive to consumers. This not only caters to consumer preferences but also facilitates convenient transportation while ensuring food safety and extended shelf life. In November 2022, the National Confectioners Association reported an 11.4% increase in overall snack revenues in the first nine months of 2022, amounting to $44.9 billion. This rise, a 26% increase over the pre-pandemic level in 2019, underscores the growing demand for packaged food driven by the popularity of snacks and a fast-paced lifestyle.
The growing demand within the e-commerce industry is poised to be a significant driver of the packaged food market. E-commerce, involving the online buying and selling of goods and services, offers consumers the convenience of ordering packaged food items with a broad product selection, accessibility, time-saving features, personalization, and flexible payment options. In August 2023, the United States Census Bureau reported a 7.5% increase in e-commerce estimates for the second quarter of 2023 compared to the same period in 2022. Online stores accounted for 15.4% of all sales in the second quarter of 2023, highlighting the increasing role of e-commerce in propelling the growth of the packaged food market.
A prominent trend in the packaged food market is the rise of innovative sustainable packaging solutions. Major companies in the industry are actively developing sustainable packaging technologies to enhance their market position. For instance, in December 2022, Koehler Paper, a German-based packaging company, introduced Koehler NexPure OGR, a sustainable paper packaging with a disruptive barrier function. This eco-friendly packaging, free from fluorochemicals, is resistant to grease and oil, presenting a sustainable alternative for the fast-food industry.
Innovation in technologies, such as succulencePB, is a key strategy employed by major companies to drive revenues in the packaged food market. SucculencePB is a taste technology enabling the production of plant-based meat substitutes with improved flavor and moisture content. Kerry Group plc, an Ireland-based food and ingredients company, launched succulencePB in March 2023. This fat solution serves as a 1:1 substitute for certain oils and fats, addressing the need for improved sustainability and clean label credentials in plant-based meat products.
In December 2022, Wipro Limited, an IT company based in India, acquired Nirapara for an undisclosed sum. This acquisition is intended to enhance Wipro's presence in the food and beverages sector by capitalizing on Nirapara's strong brand recognition in spices, rice powder, and other traditional Kerala food products. Nirapara, a US-based food and beverage company, offers a diverse range of packaged food items.
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
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
The countries covered in the packaged food market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The packaged food market consists of sales of foods that are packaged such as bread, frozen vegetables, pasta, energy bars, canned vegetables, frozen fruits, breakfast cereals. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Packaged Food Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on packaged food market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for packaged food ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The packaged food market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.