Packaged Food Market Analysis

Packaged Food Market Analysis

To get key market trends

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Based on product, the packaged food market is segmented as snack foods, ready-to-eat meals, cereals, baked goods, dairy products, frozen foods, convenience foods, sauces and condiments, beverages. Snacks held a majority market value of USD 525.4 billion in 2022. Convenient and portable food items that are typically consumed between meals. Snack products include chips, crackers, nuts, popcorn, energy bars, and fruit snacks. Pre-prepared and fully cooked meals that require minimal or no additional preparation before consumption.
 

Based on application, the packaged food market is segmented as Cans, Cartons, Bottles, Pouches, Boxes, Trays, Wrappers. Cans held a dominant market share of around 40% in 2022. Cans provide excellent protection for packaged food products, preventing exposure to light, air, and moisture. This helps extend the shelf life of the products and maintain their freshness and quality.
 

Based on end-use the packaged food market is segmented as Supermarkets and Hypermarkets, Convenience Stores, Online Retail, Specialty Stores, Foodservice and Restaurants. Specialty stores segment is anticipated to grow at 5.6% CAGR by 2032. Specialty stores, such as health food stores or gourmet shops, require packaging that complements their unique and niche product offerings.
 

North American region with majority packaged food market share and a revenue of USD 861 billion in 2022. North American consumers have busy lifestyles, leading to a higher demand for convenient and ready-to-eat packaged food products that require minimal preparation.