Some of the major market players operating in the packaged food market are:
Nestle S.A
PepsiCo Inc
The Kraft Heinz Company
Mondelez International Inc
Unilever
General Mills Inc
Kellogg Company
Mars Incorporated
The Coca-Cola Company
Tyson Foods
Conagra Brands, Inc
Campbell Soup Company
Danone S.A
Hormel Foods Corporation
The Hershey Company
Authors:
Kiran Pulidindi, Kunal Ahuja
Frequently Asked Questions (FAQ) :
Packaged food industry size was USD 3.1 trillion in 2023 and is estimated to reach USD 5.32 trillion by the end of 2032, due to the rising demand for time saving and convenient packaged foods worldwide.
The snack products segment in the industry reached USD 525.4 billion in 2022 and is expected to witness significant growth through 2032, owing to increasing demand for fully cooked, tasty treats among consumers.
The specialty stores application segment is anticipated to grow at 5.6% CAGR from 2023-2032, due to increasing adoption of customized packaging materiasl in several high-end gourmet specialty stores.
Some of the prominent packaged food companies are Nestlé S.A., PepsiCo Inc., The Kraft Heinz Company, Mondelez International Inc., Unilever, General Mills Inc., Kellogg Company, and Mars.