The key players operating in the packaged food market are Nestlé, General Mills, Kraft Food, Inc., ConAgra foods, Inc., Tyson Foods, Kellogg’s, Frito-Lay, JBS Food, Smithfield Food, Inc. and Mars, Inc.

Portland, OR -- (SBWire) -- 08/23/2017 --Allied Market Research published a detailed report on the global packaged food market. According to the estimations made by expert analysts, the global packaged food market is expected to garner a whopping $3.03 trillion by 2020, registering a CAGR of 4.5% during the forecast period 2015–2020. The demand for packaged foods is increasing owing to the added benefits they provide such as easy cooking and safety from external tampering.

The report presents a qualitative and quantitative analysis of the global packaged food market and the factors that boost or restrain the growth of the market. Vital statistics, tables, and charts acquired from rigorous primary and secondary research using analyst tools and models are provided to support the information contained in the report. Value chain analysis gives a clear understanding of the roles of the stakeholders in the value chain. The inclusion of case studies in the report enables the stakeholders to gauge the market scenario and also provides detailed information on the market.

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Porter's Five Forces Analysis presents an understanding of the impact of buyers, suppliers, new entrants, substitutes, and the intensity of competitive rivalry in the global packaged food market. New entrants find it difficult to set a strong foothold in the market due to the immense brand loyalty prevalent among the consumers. The threat of substitute products is low since the time constraint among consumers is increasing at a rapid pace. The cost involved in switching is low, thus leading to low bargaining powers of the suppliers, an increase in the bargaining power of buyers, and high rivalry in the market.

The report credits the growing demand from emerging markets in the developing countries for the growth of the market. The increased awareness regarding health issues, convenience, and the portability of the packaged food products is driving the global market. Growth in the organized retailing of packaged food products has also boosted the growth of the market. Innovative packing, an array of food options to choose from, and the widespread presence of social media are the top factors that create an impact on the market's growth. However, the governments, globally, have started imposing stringent rules and regulations on the packaged food industry. Improper packing of the food products causes food contamination and diseases, thus causing harm to the consumer's health.

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The global packaged food market is segmented based on product type and geography. Packaged food products are available in a wide range of products such as ready meals, baked foods, breakfast cereals, soups, baby food, potato chips, nuts, instant noodles, pasta, biscuits, chocolate confectionery, cheese, yogurt, ice creams, non-alcoholic drinks, and sauces, dressings & condiments. Geographically, the packaged food markets across North America, Europe, Asia-Pacific, and LAMEA are analyzed. Product-specific and region-specific market trends, growth factors and opportunities have been included in the report to help the new entrants to gain knowledge of the market.

The leading players in the market with the highest market share include Nestle S A, Tyson Foods, Kraft Foods Group Inc., General Mills, ConAgra Foods Inc., Smithfield Foods Inc., Kellogs, JBS S A, Hormel Foods Corporation, and Maple Leaf Foods Inc.

Key points of the report

- Quantitative analysis of the current and future market size from 2015 to 2020 is provided to shed light upon the financial competency of the market.

- Competitive Intelligence and market intelligence highlights the business strategies adopted by different organizations across various regions worldwide.

- The report provides information on the key drivers, restraints, and opportunities with impact analysis.

- The report has profiled the key market players, their company profiles, and the key winning strategies responsible for their success in the global packaged food market which is of importance to the relevant stakeholders.