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Packaged Food Market Trends

Report ID: GMI6374
Published Date: Aug 2023
Report Format: PDF

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Packaged Food Market Trends

Consumers are increasingly seeking healthier food options, driving the demand for packaged foods with cleaner labels, reduced sugar, sodium, and artificial ingredients. There is a growing interest in functional foods with added nutritional benefits and ingredients that support specific health goals. Consumers are increasingly conscious of the environmental impact of packaging, leading to a demand for eco-friendly, biodegradable, and recyclable packaging materials.

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.