Pre-Packaged Food Market
Pre-Packaged Food Market Study by Ready Meals, Milk-based, and Canned Tuna in Liquid State, Frozen State, Solid State, and Fresh State from 2022 to 2032
Analysis of Pre-Packaged Food Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Pre-Packaged Food Market Outlook (2022 to 2032)
People save energy, time, and skills needed for cooking with a range of pre-packed food options. These are widely available and less expensive. In addition to availability, these simplify meal preparation. Working more hours per week has repeatedly been linked to a preference for, increase in purchases of, and increase in consumption of packaged, processed foods.
These food options come with physical protection, agglomeration, and marketing transmission this food is also referred to as convenience and ready-to-eat food. The market growth in this sector is derived from consumer trends and altering preferences.
As opposed to packaged or processed foods, more customers are choosing organic food. However, research by the US Department of Agriculture found that the time restrictions associated with employment move consumer demand away from grocery stores and toward ready-to-eat food. Pre-packed foods are thus in demand as a result of this. Consumers tend to buy products driven by their desire for personal choices and shelf life.
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What global statistics explain the market potential?
Global market revenue for the pre-packed food segment amounts to USD 601.40 billion in 2023. Further, this market is anticipated to grow annually with a CAGR of 6.03% till 2027. China has a major contribution to revenue generation across the global arcade.
The leading exporter of packaged food in 2021 was New Zealand with 38% of the share in exports. Moreover, China stood amongst the biggest export market in processed food from New Zealand owing to its 22% market share in exports.
The sales of organic packaged food consumption volume in Thailand accounted for around USD 25.5 Million. This value is forecast to increase in the forecast period. The rising consumption of fast food is a cause for concern. This creates an unhealthy lifestyle and surge in demand for healthy food choices and aids in the demand for pre-packaged healthy foods such as ready meals, milk-based, canned tuna, pre-washed salad, baked food, etc.
Safety concerns and technological developments
Food prepared in ready-made form is an obvious convenient choice. The long shelf life of food can be a positive factor for the growth of the market as pre-packed food is sealed in a box, bag, can, or other container and are easy to transport. The average food volume consumption by a person in convenience food is likely to be 12 kg per person in 2023. This projects high growth in the packaged food section.
The use of technological advancements like ultrasonic sealing used for packaging food is ensuring food remains free from contamination. This packaged food within a concise portion can assist in weight loss. This also has an impact on the market in a positive manner.
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Regulatory considerations that manufacturers should not miss?
The drive toward environmental sustainability may have detrimental effects on the market for prepared foods. Ready-to-eat food sales may increase as a result of packaging trends such as worldwide environmental concerns regarding packaging materials and the use of environmentally sustainable materials for packaging. The food and Drug Association regulates the food market with distinct regulations considering the manufacturing process and technologies in regulatory and safety considerations.
Companies should follow give regulatory standards in order to stay competitive in the market. Use of recycled plastic in food packaging- these regulations include chemical considerations that companies need to abide by while creating packages. Moreover, as per the Federal Food, Drug, and Cosmetic regulation, section 409 regulates food contact substance notification processes in which consumers are informed about food contact. This also regulates the content in transporting, packaging, and manufacturing of food.
Pricing trends and competitive strategies opted by market players
The manufacturers of packaging industries have to consider manufacturing costs including raw materials and components, labor costs, and cost of machinery and overhead. Many companies opt for market-based pricing which is based on the aim of maximization of profit and few companies opt for time-based pricing where current market conditions and consumer preferences are centered while making any pricing decisions.
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Competitive landscape highlights only certain players
Complete list available upon request
Regional Insights
The market is divided into key countries such as North America, South America, Latin America, and East Asian regions. The arcade is anticipated to gain positive momentum in countries like China and India due to the large population base and unconsolidated marketplaces in these regions. The market in North America is anticipated to grow due to nutritional food demand and innovation in food packaging technologies which are likely to drive the market upward.
Segmentation
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By product type :
- Ready meals
- Milk based
- Canned tuna
- Pre-washed salad
- Baked food
- Soups
- Frozen food
- Canned food
- Breakfast cereals
- Non-alcoholic drinks
- Nuts
- Instant noodles
- Pasta
- Bagged or boxed vegetables
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By Preserved state :
- Liquid state
- Frozen state
- Solid state & fresh state
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By calorie content :
- Low
- High calories.
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By End user :
- Business to Business
- Business to Consumer.
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By Regions :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Product Type 6.2. Preserved State 6.3. Calorie Content 6.4. End User 7. Global Market Analysis and Forecast, By Product Type 7.1. Ready meals 7.2. Milk based 7.3. Canned tuna 7.4. Pre-washed salad 7.5. Baked food 7.6. Soups 7.7. Frozen food 7.8. Canned food 7.9. Breakfast cereals 7.10. Non-alcoholic drinks 7.11. Nuts 7.12. Instant noodles 8. Global Market Analysis and Forecast, By Preserved State 8.1. Liquid state 8.2. Frozen state 8.3. Solid state & fresh state 9. Global Market Analysis and Forecast, By Calorie Content 9.1. Low 9.2. High calories 10. Global Market Analysis and Forecast, By End User 10.1. Business to Business 10.2. Business to Consumer 11. Global Market Analysis and Forecast, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. East Asia 11.6. South Asia & Pacific 11.7. MEA 12. North America Sales Analysis and Forecast, by Key Segments and Countries 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 15. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries 17. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 18. MEA Sales Analysis and Forecast, by Key Segments and Countries 19. Sales Forecast by Product Type, Preserved State, Calorie Content, and End User for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. Cargill 21.2. Nestle 21.3. PepsiCo 21.4. Archer Daniels Midland Company 21.5. Sysco Corporation 21.6. JBS 21.7. Bunge 21.8. George Weston 21.9. Tyson Foods 21.10. Mars 21.11. Others
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Product Type
Table 3: Global Market US$ Mn Forecast by Preserved State
Table 4: Global Market US$ Mn Forecast by Calorie Content
Table 5: Global Market US$ Mn Forecast by End User
Table 6: North America Market US$ Mn Forecast by Country
Table 7: North America Market US$ Mn Forecast by Product Type
Table 8: North America Market US$ Mn Forecast by Preserved State
Table 9: North America Market US$ Mn Forecast by Calorie Content
Table 10: North America Market US$ Mn Forecast by End User
Table 11: Latin America Market US$ Mn Forecast by Country
Table 12: Latin America Market US$ Mn Forecast by Product Type
Table 13: Latin America Market US$ Mn Forecast by Preserved State
Table 14: Latin America Market US$ Mn Forecast by Calorie Content
Table 15: Latin America Market US$ Mn Forecast by End User
Table 16: Western Europe Market US$ Mn Forecast by Country
Table 17: Western Europe Market US$ Mn Forecast by Product Type
Table 18: Western Europe Market US$ Mn Forecast by Preserved State
Table 19: Western Europe Market US$ Mn Forecast by Calorie Content
Table 20: Western Europe Market US$ Mn Forecast by End User
Table 21: Eastern Europe Market US$ Mn Forecast by Country
Table 22: Eastern Europe Market US$ Mn Forecast by Product Type
Table 23: Eastern Europe Market US$ Mn Forecast by Preserved State
Table 24: Eastern Europe Market US$ Mn Forecast by Calorie Content
Table 25: Eastern Europe Market US$ Mn Forecast by End User
Table 26: East Asia Market US$ Mn Forecast by Country
Table 27: East Asia Market US$ Mn Forecast by Product Type
Table 28: East Asia Market US$ Mn Forecast by Preserved State
Table 29: East Asia Market US$ Mn Forecast by Calorie Content
Table 30: East Asia Market US$ Mn Forecast by End User
Table 31: South Asia & Pacific Market US$ Mn Forecast by Country
Table 32: South Asia & Pacific Market US$ Mn Forecast by Product Type
Table 33: South Asia & Pacific Market US$ Mn Forecast by Preserved State
Table 34: South Asia & Pacific Market US$ Mn Forecast by Calorie Content
Table 35: South Asia & Pacific Market US$ Mn Forecast by End User
Table 36: MEA Market US$ Mn Forecast by Country
Table 37: MEA Market US$ Mn Forecast by Product Type
Table 38: MEA Market US$ Mn Forecast by Preserved State
Table 39: MEA Market US$ Mn Forecast by Calorie Content
Table 40: MEA Market US$ Mn Forecast by End User
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Preserved State
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Calorie Content
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 5: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Preserved State
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Calorie Content
Figure 9: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Preserved State
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Calorie Content
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 17: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Preserved State
Figure 18: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Calorie Content
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 22: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Preserved State
Figure 23: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Calorie Content
Figure 24: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 26: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 27: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Preserved State
Figure 28: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Calorie Content
Figure 29: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 30: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 31: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 32: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Preserved State
Figure 33: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Calorie Content
Figure 34: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 35: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 36: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 37: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Preserved State
Figure 38: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Calorie Content
Figure 39: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End User
Figure 40: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is anticipated rate of growth for this market?
The market is anticipated to grow with CAGR of 5.3% in the forecast period.
Which country dominates in the export of packaged food products?
New Zealand accounted for a major share of 38% in terms of exports in the market in 2021.
Who are the key players in the market?
The market is reigned by key players such as Cargill, Nestle, PepsiCo, Archer Daniels Midland Company, Sysco Corporation, JBS, Bunge, George Weston, Tyson Foods, Mars, and Others.
Which pricing tactics are prominently opted for by the brands?
Market-based pricing strategies are used by the key players in the market.
Pre-Packaged Food Market