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Packaged Food Market Size
- Report ID: GMI6374
- Published Date: Aug 2023
- Report Format: PDF
Packaged Food Market Size
Packaged Food Market size was valued at around USD 3.1 trillion in 2023 and is estimated to reach USD 5.32 trillion by 2032. Packaged foods offer convenience and time-saving benefits to consumers. Ready-to-eat meals, pre-cut vegetables, and microwaveable snacks are popular choices for busy individuals and families. Packaging technologies and materials help extend the shelf life of food products, reducing food waste and allowing consumers to stock up on non-perishable items.
Proper packaging ensures food safety and hygiene, protecting products from contamination and maintaining their quality throughout the supply chain. Packaging designed for on-the-go consumption, such as single-serve snacks and beverages, caters to the modern mobile lifestyle.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Packaged Food Market Size in 2023: | USD 3.10 Trillion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 6.2% |
| 2032 Value Projection: | USD 5.32 Trillion |
| Historical Data for: | 2018 - 2023 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 190 |
| Segments covered: | Product Type, Packaging Type, End-use, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Increased awareness of health and wellness has led to a growing demand for healthier food options. Packaged food manufacturers face challenges in reformulating products to meet consumer preferences for reduced sugar, sodium, and artificial ingredients, while still maintaining taste and shelf life. The packaged food industry relies on complex global supply chains. Fluctuations in commodity prices can affect the cost of ingredients and packaging materials, impacting profit margins for food manufacturers.
Frequently Asked Questions (FAQ) :
Packaged Food Market Scope
