New York, NY -- (SBWIRE) -- 05/16/2019 -- The latest research report on Packaged Food Market
The global packaged food market was valued at USD 2.70 trillion in 2018 and is expected to reach USD 3.86 trillion by 2026 with an anticipated CAGR of 4.56% during the forecast period, 2019–2026.
Global Packaged Food Market Report (Industry Analysis, Applications, Growth, Trends) and Future Forecast (2016-2026) is the latest report published by Straits Research which is committed to delivering details of the Packaged Food industry.
Straits Research offers a high level of accuracy, an in-depth valuation, and systematic research methodology to the reader that helped to collect the info from direct as well as indirect sources. Forecasting patterns were considered across the various regions where the Packaged Food industry is growing steadily. The report has taken a deep dive into the market and has extracted the data from secondary and primary sources.
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Packaged foods are having many benefits including easy handling, consumption, cooking, and free from external tampering. Packaged food is highly adopted by urban consumers, who look forward for convenient, ready to eat meal, which is well suited for their fast-paced lifestyles. With the increase health awareness among people, demand for improved and healthy alternatives for snacks which contain less artificial ingredients are projected to drive the Packaged food market growth in the coming years.
Moreover, companies are offering a variety of snacks item for consumers such as Tortilla chips by General Mills, which are marketed as a healthy snack. Key market drivers for Packaged food market incorporate technological improvement, modern retail trades, changing lifestyle, and increased popularity of fast service restaurants. Furthermore, development of science and nanotechnology has transformed the food and processing industry. Nanotechnology has grown in the field of improvement of functional foods, processing, packaging, preservation, and food production.
Some of the key players in the global packaged food market are Nestle (Switzerland), General Mills, Inc. (U.S.), THE HERSHEY COMPANY (U.S.) The Kraft Heinz Company (U.S.), ConAgra foods, Inc. (U.S.), Tyson Foods, Inc. (U.S.), Kellogg Co. (U.S.), Frito-Lay North America, Inc. (U.S.), JBS (U.S.), Smithfield Food, Inc. (U.S.), and Mars (U.S.).
The Packaged Food Market is segmented into different sections such as by type, by application, by end users, and by regions. The report about the Packaged Food industry covered the markets by analyzing the top players participating in the market. To make this report an exceptional one, several parameters are models are used which include SWOT analysis, Porters five force model, and pestle analysis.
Development in technology and innovations have created an educated workforce which ultimately witnessed in increasing per capita income and this particular factor has positively impacted on the growth of the Packaged Food market since the past few years.
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By Product Type, Ingredients and Extracts, Baby Products, Sweet and Savoury Snacks, Bakery and Confectionery, Oils and Fats, Dairy Products, Beverages, Sauces and Dressings, Others,
By Distribution Channel, Supermarkets/Hypermarkets, Online/e-Retail, Others,
The competitive landscape:
The competitive landscape of the Packaged Food market is a highly crucial section of the report that creates a firm portrait of the market's key players and their rivalries. A reader can evaluate their position in the market by using this scale of reference, while extensively planning their future movements to counter the movements of the other players in the same areas. This segment provides updated details on companies profiles, business strategies, financial statistics, growth rate and the future scenario for the key leading players in the market, along with the ones that indicate the most positive growth rates.
Why purchase this report?
Historical inferences, findings & analysis of the Packaged Food market from 2016 to 2018
Projections and performance forecast analysis for the future from 2019 to 2026
Production and consumption point of view (POV) analysis
Packaged Food Market drivers, restraint and opportunity analysis, to define Packaged Food market dynamics covering industry, regulatory, innovation, technological & pricing trends
Comprehensive competitive landscape mapping with recent development covering market leadership, competency, sustainability, and prospects
In the end, this report discusses the key drivers influencing the market growth, opportunities, challenges and the risks faced by key players and the Packaged Food market as a whole. Additionally, It analyzes the emerging trends and their impact on present and future market statistics and development.
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