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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Packaged Food Market Regional Analysis
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.
Packaged Food Market Report Snapshots
Packaged Food Market Regional Analysis
*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 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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