Packaged Food & Drinks Market Set To Grow To $3,871 Bn By 2027

13 August 2018
Food and Drink

Visiongain has launched a new report Packaged Food & Drink Market Report 2017-2027: Forecasts, Segmentation And Analysis By Type (Non-Alcoholic Drinks, Ready Meals, Instant Noodles, Nuts, Soups, Baby Food, Potato Chips, Breakfast Cereals, Baked Goods, Pasta, Cheese, Biscuits, Yogurts, Sauces, and Ice Cream) & By Region Plus Analysis of Leading Companies. Visiongain’s new report reveals that the packaged food & drinks market will achieve revenues of $2.89 Tn in 2017 and is on course for a strong growth trajectory.

Packaged food & drink includes food articles which are ready for consumption, partially cooked or require slight heating right before eating. Factors such as increasing awareness regarding the multiple benefits of healthy packaged food & drink and organized retailing are fostering the growing demand of packaged food. However, growing awareness towards the use of harmful preservatives, stringent government regulations imposed on the food industry and the possibilities of food contamination are some of the main challenges which are likely to restrain the growth of the packaged food & drink market.

The Visiongain report analyst commented “The packaged food & drinks market is projected to register growth owing to increase in demand for ready to eat meals as well as rise in consumption of non-alcoholic beverages. Packaged food & drink contains carbohydrates, minerals, fats, proteins and vitamins, which are pivotal in replenishing the growth of the human body. The whole concept of packaged food & drink came into existence owing to factors such as convenience, protection against external tampering, easy cooking and consumption. Changing lifestyles, convenience of consumption and increased health awareness are the main factors driving the growth of the packaged food & drink market. Some of the factors hindering the growth of the market are food contamination, and government regulations. The leading players in the market have been focusing on mergers and partnerships as their key strategies to expand their market presence.”

Leading food & drink companies featured in the report include Nestle S.A., Tyson Foods, Inc., Kraft Heinz Company, General Mills, Inc., ConAgra Foods, Inc., Smithfield Foods, Kellogg Company, JBS S.A., Hormel Foods Corporation, and Maple Leaf Foods

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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