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Report Overview
The global packaged food market size reached approximately USD 2.43 Trillion in 2024. The market is projected to grow at a CAGR of 5.20% between 2025 and 2034, reaching a value of around USD 4.03 Trillion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Compound Annual Growth Rate
Value in USD Trillion
5.2%
2025-2034
Packaged Food Market Outlook
*this image is indicative*
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.
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Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Market Segmentation
The EMR’s report titled “Global Packaged Food Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type:
- Breakfast Cereals
- Dairy Products
- Confectionery
- Meat, Poultry and Seafood
- Ready Meals
- Bakery
- Snacks
- Beverage
- Others
Market Breakup by Distribution Channel:
- Supermarket/Hypermarket
- Specialty Stores
- Convenience Stores
- Online Retail Stores
- Others
Market Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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
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.
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
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
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.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
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.
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Packaged Food Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market reached an approximate value of USD 2.43 Trillion.
The market is projected to grow at a CAGR of 5.20% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 4.03 Trillion by 2034.
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.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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