Packaged Food Market Report 2026

The packaged food market size has grown strongly in recent years. It will grow from $3.28 trillion in 2025 to $3.48 trillion in 2026 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to growth of urban populations, increasing consumption of convenience foods, expansion of organized retail channels, rising demand for longer shelf-life foods, advancements in food packaging technologies.

The packaged food market size is expected to see strong growth in the next few years. It will grow to $4.6 trillion in 2030 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to increasing demand for healthy packaged foods, rising penetration of online grocery platforms, expansion of sustainable packaging materials, growing investments in food processing automation, increasing regulatory focus on food labeling and safety. Major trends in the forecast period include increasing demand for shelf-stable food products, rising adoption of smart packaging solutions, growing focus on clean-label packaged foods, expansion of ready-to-eat food categories, enhanced food safety and traceability measures.

The increasing demand in the e-commerce industry is expected to propel the growth of the packaged food market going forward. The e-commerce industry involves the buying and selling of goods and services over the internet and has become an important distribution channel for packaged food products. E-commerce platforms provide consumers with convenience, wider product selection, easy accessibility, time savings, personalization, flexible payment options, and the ability to rely on customer reviews and ratings when making purchasing decisions. For instance, in August 2023, according to the United States Census Bureau, a US-based government agency, e-commerce sales in the second quarter of 2023 increased by 7.5% compared with the second quarter of 2022, while total retail sales grew by just 0.6%. Online stores accounted for 15.4% of all retail sales in the second quarter of 2023. Therefore, the increasing demand in the e-commerce industry is driving the growth of the packaged food market.

Major companies operating in the packaged food market are focusing on developing innovative technologies to drive revenue growth and improve product quality. One such innovation is SucculencePB, a taste and texture technology designed to enhance plant-based meat substitutes by improving flavor and moisture retention. For instance, in March 2023, Kerry Group PLC, an Ireland-based food and ingredients company, launched SucculencePB, a fat solution that can be used as a 1:1 replacement for certain oils and fats. This technology enables significant reduction or complete removal of tropical oils such as coconut or palm oil, thereby improving the sustainability and clean-label profile of plant-based meat products. In addition to delivering better nutritional and environmental outcomes, SucculencePB addresses the common issue of dryness in cooked plant-based meat alternatives.

In November 2023, The J.M. Smucker Company, a US-based producer of consumer food products, acquired Hostess Brands LLC for an undisclosed amount. Through this acquisition, J.M. Smucker aimed to expand its presence in the fast-growing sweet baked snacks segment, broaden its product portfolio to capture more snacking occasions, strengthen brand visibility, and leverage Hostess’s iconic baked goods to drive growth across retail and foodservice channels. Hostess Brands LLC is a US-based manufacturer of well-known sweet baked snack products.

Major companies operating in the packaged food market are General Mills Inc., Tyson Foods Inc., Conagra Brands Inc., JBS SA, Nestle SA, Hormel Foods Corporation, Maple Leaf Foods Inc., The Kraft Heinz Company, Kellogg Company, PepsiCo Inc., Mars Incorporated, WH Group Limited, The Hershey Company, Andros Group, Histon Sweets Spreads Ltd, Danone SA, Mondelz Global LLC, Unilever plc, Gehl Foods LLC, B & G Foods Inc., Frito-Lay Inc., Mann Packing Co. Inc., Bonduelle Group, The Keebler Company, McCain Foods Limited, Grupo Bimbo S.A.B. de C.V., Campbell Soup Company, Nomad Foods Limited, Monde Nissin Corporation.

North America was the largest region in the packaged food market in 2025. The regions covered in the packaged food market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the packaged food market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The packaged food market consists of sales of foods that are packaged such as bread, frozen vegetables, pasta, energy bars, canned vegetables, frozen fruits, breakfast cereals. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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