Do You Know About the Market of Packed Food?

  • 16th Nov'20
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Packaged Foods

Comfort at every step of life has become an inseparable need for any human being. We want to do the minimum possible effort to get anything of our desire. The inventors are science freak people who are also adding to our lazy bodies. Every new day comes with a solution to the existing problem. 

In old days, people used to carry homemade foods, packed in lunchboxes whenever they went out on a trip or journey. But that too had the problem of carrying an extra bag with extra precaution. Also, the food didn’t last too long. To solve these problems, packaged foods entered the market.

Packaged food is half cooked or processed food that is further packed with some chemicals that allow the food to last for several days or sometimes even months. This gave a lot of relief to people from cooking and carrying home-cooked foods everywhere.

 

Some of the packaged food companies can be read at:

Packaged Food Companies In The World

Consumer decisions and buying patterns are heavily influenced by the ever-increasing environmental concerns. The shift in buying patterns has forced packaged food companies to reimagine their processing and packaging techniques. To know about 10 packaged food companies in 2020, click here:

Top Food Packaging Companies in the USA

Food packaging companies ensure environmental Interactions, safety, protection etc. These criteria are met so that food can reach the consumer’s table intact and fresh. To have information on the top food packaging companies in the USA, read the article:

 

Packaged Food Market

The demand for packaged food has grown rapidly ever since its introduction. Changing lifestyle, the convenience of consumption, and increased health awareness are the main factors driving the growth of the packaged food industry with the emergence of the food industry getting smarter with labeling, They serve the world with all types of food with tested in the safe zone that is half processed and further easy to cook. 

 

Read below to know about the packaged food market:

U.S. Packaged Food Market:

The U.S. packaged food market size was estimated at USD 806.3 billion in 2016. Changing lifestyles and increased consumption of convenience foods among the masses are some of the major factors driving the overall market. To know about U.S. Packaged Food Market Size, Share & Trends Analysis Report, By Product, Competitive Landscape, And Segment Forecasts, 2018 - 2025, read the article:

Packaged Food Market by Product Type

The concept of packaged food came into existence owing to factors such as easy cooking, consumption, handling, and safety from external tampering. The global packaged food market is segmented on the basis of product type and geography. To know about packaged food market by Product Type - Opportunity Analysis and Industry Forecast, 2014 - 2020, read more:

 

Market of Packed Food

 

Impacting Factors

Factors such as nutritious food, and innovative packaging technology affect the growth of the packaged food market positively. The top factors, which have an impact on the packaged food market, have been elaborated as follows in the descending order of their impact:

1. Nutritious Food: 

Consumers prefer food products, which have high nutrition value, fewer preservatives, low cholesterol, and low fat. Some of the food products manufactured by the companies are positioned as 99% lactose and gluten-free.

 

2. Innovative Packing:

A variety of packaging materials are available in the packaged food market in the form of paper packets, wooden packaging and stand-up pouches. Packaging also ensures that perishable food products are not damaged due to transportation. 

 

3. Multiple Food Options:

Packaged food manufacturing companies offer a variety of options, from breakfast solutions to ready meals. The breakfast solutions include different types of breakfast cereals. Companies are offering various snacks item for consumers. The multiplicity of option for the consumers has therefore increased the target customer base in the packaged food market.

 

4. Social Media

Social media also plays a vital role in the growth of packaged food industry.  Digital marketing is keeping track of the customer’s preferences and type of interest on the web. Through social media, companies are making a network of customers having the same preferences and tastes. 

 

Future of Packaged Food Market

With the dependence of society on packaged foods, it is certainly not wrong to say that in the coming future, the demand will increase at a double rate. But as everything comes with its advantages and disadvantages, so does pack foods.

 

Read below to know the pros and cons of packaged foods:

Advantages & Disadvantages of Food Packaging

Food and drink products are packaged and sold in glass, plastic, aluminum, and paper. Each of these materials has advantages and disadvantages for the consumer and the manufacturer. To know more about the advantages & disadvantages of food packaging, read the article:

 

We, at OpenGrowth, are continually looking for trending startups in the ecosystem. This was a blog on the Market of Packed Food. If you want to know any further information about the startup ecosystem or have any mind-boggling ideas, do refer to the other blogs at OpenGrowth. If you have any suggestions, do let us know in the comment section below. 

 

Contributor: Amrita Sinha

Amrita is in the field of media. She has a deep inclination towards writing and public speaking. She aims to remove the stereotypical mindset of society. She loves to read and photography is her passion.

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Editor , OpenGrowth Content Team

The Editorial Team at OpenGrowth is working to provide you with the perfect place to know everything about startups. Feel free to connect to us.


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