Packaged Food Market By Size, Share, Trends, and Forecast 2026

Report Description

The global packaged food market was valued USD 2976.41 Billion in 2020 and is forecast to grow at CAGR of 6.27% in value terms, to reach over USD 4261.36 billion by 2026. The global packaged food market is witnessing consistent growth, owing to the improving standards of living of people, increasing consumption of healthy food, and changing consumer tastes and preferences.

The popularity of packaged food items has increased with the increasing health consciousness among people who are increasingly choosing food and beverage options that provide health benefits. Moreover, factors such as changing eating habits and busy lifestyles have further contributed to the increased demand for the packaged food products. Furthermore, rising consumer awareness of the health benefits associated with the nutritious and organic components used in packaged food items is propelling the growth of packaged food market. With the presence of different worldwide brands and a small market share of indigenous enterprises in both developed and developing countries, the global packaged food market is competitive. Due to the continually changing nature, taste, and preferences of consumers, the launch of a new product has become the most crucial strategy above all others. Additionally, firms have also welcomed development through cross-border mergers and acquisitions, which have proven to be effective in expanding their presence. For instance, PepsiCo acquired Rockstar Energy in 2020, extending its foothold in the fast-growing energy drink business.

Consumers are becoming more aware of the importance of consuming gluten-free, low-carbohydrate, high-fiber baked goods, and they are requesting novel options. This has encouraged packaged food companies to fortify their goods in order to accommodate the increased demand of health-conscious consumers, such as Tyson Foods recently launched a new line of plant-based products under the brand First Pride, which offers high-quality protein products. These products include bites, nuggets, and strips made with plants. The ingredients used in the products are bamboo fiber, soy protein and wheat protein, etc.

The global packaged food market can be segregated into product type, distribution channel, region, and company. Based on distribution channel, the global packaged food market is divided into hypermarkets/supermarkets, departmental stores, convenience stores, online retail channels, and others. Hypermarkets/Supermarkets held the majority of the market share in the global packaged food market due to their growing and diverse range of products. Whereas online retail channel is expected to grow at a higher pace in the forecast period as people turned increasingly towards online delivery platforms during the COVID-19 pandemic, which was the only safe and available choice for customers. Online sectors are predicted to develop at a faster rate in the forecast term. Furthermore, these hassle-free, technology-driven services provide them with increased convenience, resulting in a growing preference for online services. This is due to their stressful, fast-paced lifestyles, which drive them to the internet. Online channels are expected to capture a large amount of market share during the projection period as a result of the e-commerce boom. Furthermore, these channels reduce the long chain and complexity associated with a long distribution network.

Some of the leading players in the global packaged food market are PepsiCo, Inc., Nestlé S.A., Tyson Foods, Inc., The Coca Cola Company, Mondelēz International, Inc., among others. The companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022-2026

Objective of the Study:

To analyze the historical growth in the market size of global packaged food market from 2016 to 2020.
To estimate and forecast the market size of global packaged food market from 2021 to 2026 and growth rate until 2026.
To classify and forecast global packaged food market based on product type, distribution channel, region and company.
To identify dominant region or segment in the global packaged food market.
To identify drivers and challenges for global packaged food market.
To examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in global packaged food market.
To identify and analyze the profile of leading players operating in global packaged food market.
To identify key sustainable strategies adopted by market players in global packaged food market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, and presence of all major players across the globe.

TechSci Research calculated the market size of the global packaged food market using a bottom-up approach, wherein data for various segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated them through analyzing historical data of these product types and other segments for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by TechSci Research.

Key Target Audience:

Manufacturers, distributors, and end-users
Market research and consulting firms
Government bodies such as regulating authorities and policymakers
Organizations, forums, and alliances related to packaged food market

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, the global packaged food market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

· Global Packaged Food Market, By Product Type:

o Non-alcoholic Beverages

o Dairy Products

o Confectionery

o Ready Meals

o Snacks

o Breakfast Cereals

o Others

· Global Packaged Food Market Size, By Distribution Channel:

o Hypermarket/Supermarket

o Departmental Stores

o Convenience Store

o Online Retail Store

o Others

Global Packaged Food Market, By Region:

North America

United States
Canada
Mexico

Europe

Germany
United Kingdom
Italy
France
Spain

Asia Pacific

China
Japan
India
South Korea
Australia

South America

Brazil
Colombia
Argentina

Middle East and Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global packaged food market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Table of content

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Packaged Food Market

4. Executive Summary

5. Voice of Customer

5.1. Factors Affecting Purchasing Decision

5.2. Source of Information

5.3. Brand Awareness

6. Global Packaged Food Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

5.1.

6.2.1. By Product Type (Non-alcoholic Beverages, Dairy products, Confectionery, Ready Meals, Snacks, Breakfast Cereals, and Others)

6.2.2. By Distribution Channel (Hypermarket/Supermarket, Departmental Store, Convenience Store, Online Retail Store, and Others)

6.2.3. By Region

6.2.4. By Company (2020)

6.3. Market Map

7. North America Packaged Food Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

10.

10.1.

7.2.1. By Product Type

7.2.2. By Distribution Channel

7.2.3. By Country

7.3. North America: Country Analysis

7.3.1. United States Packaged Food Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Product Type

7.3.1.2.2. By Distribution Channel

7.3.2. Canada Packaged Food Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Product Type

7.3.2.2.2. By Distribution Channel

7.3.3. Mexico Packaged Food Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Product Type

7.3.3.2.2. By Distribution Channel

8. Europe Packaged Food Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

11.

12.

13.

14.

15.

15.1.

8.2.1. By Product Type

8.2.2. By Distribution Channel

8.2.3. By Country

8.3. Europe: Country Analysis

8.3.1. Germany Packaged Food Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Product Type

8.3.1.2.2. By Distribution Channel

8.3.2. United Kingdom Packaged Food Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Product Type

8.3.2.2.2. By Distribution Channel

8.3.3. Italy Packaged Food Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Product Type

8.3.3.2.2. By Distribution Channel

8.3.4. France Packaged Food Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Product Type

8.3.4.2.2. By Distribution Channel

8.3.5. Spain Packaged Food Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Product Type

8.3.5.2.2. By Distribution Channel

9. Asia-Pacific Packaged Food Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Product Type

9.2.2. By Distribution Channel

9.2.3. By Country

9.3. Asia-Pacific: Country Analysis

9.3.1. China Packaged Food Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Product Type

9.3.1.2.2. By Distribution Channel

9.3.2. Japan Packaged Food Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Product Type

9.3.2.2.2. By Distribution Channel

9.3.3. India Packaged Food Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Product Type

9.3.3.2.2. By Distribution Channel

9.3.4. South Korea Packaged Food Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Product Type

9.3.4.2.2. By Distribution Channel

9.3.5. Australia Packaged Food Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Product Type

9.3.5.2.2. By Distribution Channel

10. South America Packaged Food Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

16.

17.

18.

19.

20.

20.1.

10.2.1. By Product Type

10.2.2. By Distribution Channel

10.2.3. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Packaged Food Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Product Type

10.3.1.2.2. By Distribution Channel

10.3.2. Colombia Packaged Food Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Product Type

10.3.2.2.2. By Distribution Channel

10.3.3. Argentina Packaged Food Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Product Type

10.3.3.2.2. By Distribution Channel

11. Middle East and Africa Packaged Food Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

21.

22.

23.

24.

25.

25.1.

11.2.1. By Product Type

11.2.2. By Distribution Channel

11.2.3. By Country

11.3. Middle East and Africa: Country Analysis

11.3.1. South Africa Packaged Food Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Product Type

11.3.1.2.2. By Distribution Channel

11.3.2. Saudi Arabia Packaged Food Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Product Type

11.3.2.2.2. By Distribution Channel

11.3.3. UAE Packaged Food Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Product Type

11.3.3.2.2. By Distribution Channel

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1. PepsiCo, Inc.

14.2. Nestlé S.A.

14.3. Tyson Foods, Inc.

14.4. The Coca Cola Company

14.5. Mondelēz International, Inc.

14.6. The Kraft Heinz Company

14.7. General Mills, Inc.

14.8. Conagra Brands, Inc.

14.9. Hormel Foods Corporation

14.10. Smithfield Foods, Inc.

15. Strategic Recommendations

16. About Us and Disclaimer

Figures and Tables

Figure 1: Global Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 2: Global Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 3: Global Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 4: Global Packaged Food Market Share, By Region, By Value, 2016-2026F

Figure 5: Global Packaged Food Market Share, By Company, By Value, 2020

Figure 6: North America Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 7: North America Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 8: North America Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 9: North America Packaged Food Market Share, By Country, By Value, 2016-2026F

Figure 10: United States Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 11: United States Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 12: United States Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 13: Canada Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 14: Canada Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 15: Canada Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 16: Mexico Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 17: Mexico Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 18: Mexico Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 19: Europe Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 20: Europe Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 21: Europe Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 22: Europe Packaged Food Market Share, By Country, By Value, 2016-2026F

Figure 23: Germany Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 24: Germany Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 25: Germany Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 26: United Kingdom Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 27: United Kingdom Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 28: United Kingdom Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 29: Italy Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 30: Italy Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 31: Italy Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 32: France Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 33: France Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 34: France Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 35: Spain Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 36: Spain Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 37: Spain Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 38: Asia-Pacific Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 39: Asia-Pacific Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 40: Asia-Pacific Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 41: Asia-Pacific Packaged Food Market Share, By Country, By Value, 2016-2026F

Figure 42: China Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 43: China Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 44: China Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 45: Japan Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 46: Japan Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 47: Japan Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 48: India Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 49: India Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 50: India Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 51: South Korea Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 52: South Korea Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 53: South Korea Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 54: Australia Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 55: Australia Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 56: Australia Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 57: South America Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 58: South America Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 59: South America Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 60: South America Packaged Food Market Share, By Country, By Value, 2016-2026F

Figure 61: Brazil Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 62: Brazil Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 63: Brazil Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 64: Colombia Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 65: Colombia Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 66: Colombia Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 67: Argentina Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 68: Argentina Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 69: Argentina Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 70: Middle East and Africa Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 71: Middle East and Africa Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 72: Middle East and Africa Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 73: Middle East and Africa Packaged Food Market Share, By Country, By Value, 2016-2026F

Figure 74: South Africa Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 75: South Africa Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 76: South Africa Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 77: Saudi Arabia Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 78: Saudi Arabia Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 79: Saudi Arabia Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Figure 80: UAE Packaged Food Market Size, By Value (USD Billion), 2016-2026F

Figure 81: UAE Packaged Food Market Share, By Product Type, By Value, 2016-2026F

Figure 82: UAE Packaged Food Market Share, By Distribution Channel, By Value, 2016-2026F

Frequently asked questions

What is the impact of COVID-19 on global packaged food market?

The COVID-19 pandemic has had a positive impact on the market due to the increasing number of consumers who are not compromising with the product quality and packaging irrespective of the cost. During and post the pandemic period, the shift in consumers’ focus towards preventive health management practices is expected to drive the growth of the packaged food market in the future as well.

What are the growth prospects for the global packaged food market?

The emergence of distinctive, innovative, and sustainable packaged food items with diverse ingredients, flavors, forms, and sizes, as well as increased health and hygiene consciousness among consumers, are catalyzing the global packaged food market

Who are the top 10 players in the global Packaged Food market?

The top 10 players in the global packaged food market are PepsiCo, Inc., Nestlé S.A., Tyson Foods, Inc., The Coca Cola Company, Mondelēz International, Inc., The Kraft Heinz Company, General Mills, Inc., Conagra Brands, Inc., Hormel Foods Corporation, and Smithfield Foods, Inc

Which product type segment is expected to garner highest traction within the global packaged food market?

Based on type, the global packaged food market can be divided into non-alcoholic beverages, dairy products, confectionery, snacks, breakfast cereals, ready meals, and others. Out of which non-alcoholic beverages segment is expected to dominate the market due to the growing demand from the consumers for healthy and nutritious drinks.

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