Global Packaged Food Market Expected to Reach USD 4,709.0 Billion by 2033 - IMARC Group

The global packaged food market size was valued at USD 2,618.2 Billion in 2024, and it is expected to reach USD 4,709.0 Billion by 2033, exhibiting a growth rate (CAGR) of 6.68% from 2025 to 2033.

The packaged food market is primarily driven by the shift in consumer habits, where convenience and time-saving solutions have taken precedence. Urbanization and the fast-paced lifestyle in many regions are pushing people toward ready-to-eat or easy-to-prepare meal options. Companies are innovating with healthier and more sustainable choices to cater to health-conscious consumers. For instance, in May 2024, Nestlé announced the launch of its new frozen food brand, Vital Pursuit, aimed at consumers using GLP-1 medications like Ozempic and Wegovy to aid weight loss. In line with this, in July 2024, Alpino Health Foods launched India's first 100% peanut-based protein powder, setting a new standard in the health industry. Formulated in the Netherlands, the product offers 24 grams of protein per scoop, enriched with natural ingredients and BCAAs, appealing to fitness enthusiasts and promoting clean, sustainable nutrition. The demand for plant-based and organic products has grown, spurred by increased awareness of health and environmental impacts. For example, in September 2024, Ferrero announced the launch of Nutella Plant-Based, a new vegan version of its iconic spread, which replaces milk with chickpeas and rice syrup while preserving its signature flavor. Label transparency and the use of cleaner ingredients are no longer just a niche preference; they are becoming mainstream expectations.

Digitalization and e-commerce are also major trends reshaping the packaged food landscape. Online grocery shopping has expanded rapidly, especially following global shifts in buying behavior due to recent events. Additionally, packaging innovations focused on sustainability and reducing waste are appealing to the eco-conscious segment of the market. For instance, in September 2024, Marigold Health Foods launched its natural and organic products in Sonoco's fully recyclable EnviroCan® with a paper base, enhancing sustainability. This new packaging, featuring 95% paper, supports recycling efforts and reduces environmental impact. These developments show that a blend of convenience, health, digital transformation, and environmental responsibility is driving the growth and evolution of the packaged food sector.

Global Packaged Food Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share on account of due to its massive population, urbanization, rising disposable incomes, and increased demand for convenient, ready-to-eat food options among busy consumers.

Asia Pacific Packaged Food Market Trends:

The Asia Pacific packaged food market is witnessing trends such as increased demand for healthier and plant-based options, driven by health-conscious consumers. For instance, in September 2024, Swees introduced the world's first vegan rice-based cheese sticks, aiming to penetrate the snacking market in Thailand. Supported by the Thai government, the innovative product utilizes rice protein to enhance texture and reduce costs. Convenience continues to be a major factor, with ready-to-eat meals and snacks gaining popularity. Technological integration in online retailing has boosted e-commerce sales, making food products more accessible. Sustainability is also becoming crucial, with eco-friendly packaging and transparent labeling appealing to environmentally aware consumers. These trends are reshaping the market, meeting evolving preferences and boosting overall growth.

North America Packaged Food Market Trends:

The North American packaged food market is seeing trends like heightened demand for healthier, organic, and plant-based products. Consumers prioritize transparency, favoring clean labels and sustainable packaging. E-commerce growth has boosted online grocery shopping, while innovative flavors and functional foods aimed at wellness continue to capture attention and drive market expansion.

Europe Packaged Food Market Trends:

Key trends in the European packaged food market include a surge in demand for organic and plant-based products, driven by health-conscious consumers. Sustainability is also a priority, with brands adopting eco-friendly packaging. Additionally, convenience foods and ready-to-eat meals are gaining popularity due to busy lifestyles and changing work patterns.

Latin America Packaged Food Market Trends:

The Latin American packaged food market is experiencing growth driven by increased demand for convenient, affordable meal solutions and healthier options. Consumers are prioritizing products with natural ingredients and minimal processing. Additionally, e-commerce expansion and digital grocery platforms are reshaping how people purchase packaged food, enhancing accessibility and convenience across the region.

Middle East and Africa Packaged Food Market Trends:

The Middle East and Africa packaged food market is seeing growth driven by urbanization, rising disposable incomes, and demand for convenient food options. Health-focused products, halal-certified items, and innovations in packaging are gaining traction. The expansion of e-commerce and modern retail channels is also boosting accessibility and consumer reach.

Top Companies Leading in the Packaged Food Industry

Some of the leading packaged food market companies include Conagra Brands Inc., Danone S.A., General Mills Inc., Hormel Foods Corporation, JBS S.A., Kellogg Company, Maple Leaf Foods Inc, Nestle S.A, PepsiCo Inc., The Coca-Cola Company, The Kraft Heinz Company, Tyson Foods Inc., WH Group Limited., among many others. In January 2024, Danone India launched AptaGrow, a toddler nutrition drink for children aged 3 to 6 years. Packed with 37 nutrients, including prebiotics, it supports growth, brain development, and immunity. The AptaGrow Growth Chakra tool helps mothers assess their child's overall growth and nutrition during formative years.

Global Packaged Food Market Segmentation Coverage

• On the basis of the product type, the market has been categorized into bakery products, dairy products, beverages, breakfast products, meals, and others, wherein bakery products represent the leading segment. Bakery products are a dominates the packaged food market due to their widespread popularity and versatility. Items like bread, cakes, pastries, and biscuits are staples in many households, contributing to consistent demand. Innovations in healthier options, such as whole grain and gluten-free products, and convenient packaging have further propelled their dominance within the market, appealing to a broad consumer base.
• Based on the distribution channel, the market is classified into supermarkets/hypermarkets, specialty stores, convenience stores, online retail stores, and others, amongst which supermarkets/hypermarkets dominates the market. Supermarkets/hypermarkets holds the largest share as they offer a one-stop shopping experience with a vast range of products under one roof. Their ability to provide competitive pricing, promotions, and diverse product options attracts a large customer base. These stores are strategically located and emphasize convenience, making them the primary choice for consumers purchasing packaged foods.

Browse IMARC Related Reports on Packaged Food Market:

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