Packaged Food Market - Global Growth, Trends and Forecast to 2026: Major Players are Nestle SA., The Coca Cola Company, PepsiCo Inc., General Mills - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Packaged Food Market - Growth, Trends and Forecast (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

Global packaged food market is projected to grow at a CAGR of 7.43% during the forecast period (2021 - 2026).

The continuously burgeoning packaged food industry of the global market is driven by continuous innovation in the market, supported by augmenting consumers demand. Additionally, the more players entering the market are further boosting the growth of the market.

Specific consumer-based demand such as plant-based food, vegan food, dairy-free products, and others are also propelling the growth of the market for it creates opportunity for the players to expand their product portfolio to cater all such specific requirements.

Moreover, factors such as on-the-go healthy snacking is insisting the players to introduce wide range of meat snacks, cereal and granola bars. Thus, the healthy snacking sector of the market is growing at a considerable level. The other reason supporting the growth is due to globally rising health awareness among the consumers.

The demand for healthy packaged food products has also inclined the manufacturers to focus on producing fortified food products, thus, contributing to value-addition of the product.

After the onset of COVID-19, many countries implied strict lockdown measures which contributed to panic purchase of packaged food products leading to increased demand. Other than that, the leading packaged food players have identified emerging behavioral changes among the consumers during the pandemic that are expected to influence innovation and product development in the months ahead. Among the trending areas of interest for consumers are gut health, immunity, personalized nutrition, and emotional wellbeing.

Competitive Landscape

The major players of the market have been indulging in strategies, like product innovation, mergers, acquisitions, partnerships, and geographical expansions, which in turn, has leveraged them to gain an esteemed position in the market.

Owing to the changing taste and preferences of consumers there have been considerable development of products by various global and regional players.

Moreover, owing to the increasing demand for fruit flavored and dairy free products primarily in North American and European countries with increased lactose intolerance consumers, the major players are expanding its product portfolio with new products to suffice the market needs. For instance: Coca-Cola expanded its footprints in dairy free smoothie under its AdeZ.

Major players operating in the market include, Nestle SA., The Coca Cola Company, PepsiCo Inc., General Mills, among others.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions and Market Definition

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

3.1 Market Overview

4 MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Restraints

4.3 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 By Product Type

5.1.1 Dairy Products

5.1.2 Confectionery

5.1.3 Beverage

5.1.4 Bakery

5.1.5 Snacks

5.1.6 Meat, Poultry and Seafood

5.1.7 Breakfast Cereals

5.1.8 Ready Meals

5.1.9 Others

5.2 By Packaging Type

5.2.1 Plastic Packaging

5.2.2 Tetra Pack

5.2.3 Metal Cans

5.2.4 Others

5.3 By Distribution Channel

5.3.1 Supermarket/Hypermarket

5.3.2 Specialty Stores

5.3.3 Convenience Stores

5.3.4 Online Retail Stores

5.3.5 Other Distribution Channel

5.4 By Geography

6 COMPETITIVE LANDSCAPE

6.1 Most Active Companies

6.2 Most Adopted Strategies

6.3 Market Share Analysis

6.4 Company Profiles

6.4.1 Nestle SA

6.4.2 Danone SA

6.4.3 PepsiCo, Inc.

6.4.4 Mondelz Global LLC

6.4.5 The Coca-Cola Company

6.4.6 The Kraft Heinz Company

6.4.7 General Mills Inc.

6.4.8 Tyson Foods, Inc.

6.4.9 Kellogg Co.

6.4.10 Unilever PLC

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 IMPACT OF COVID-19 ON THE MARKET

For more information about this report visit https://www.researchandmarkets.com/r/5h41lu