About Bagged Food
Bagged food items include bread, crackers, frozen veggie burgers, pasta, nuts & nut butter, energy bars, canned beans, and frozen fruits & vegetables, among others. Various types of packaging items are used such as paper bags with food, paper and plastic products, groceries in shopping bags, pickle silhouette, shopping bag groceries, grocery bags with food isolated, and others. The increase in Demand for Natural Ingredients in the food and beverage industry and growing consumption of fresh fruit & vegetable across the world are projected to drive the global bagged food market over the forecast period. Bagged food often comes in different sizes, from small snack-sized bags to larger family-sized packages. These products are sealed to maintain freshness and extend shelf life. They may also come with additional features like resealable packaging to keep the contents fresh after opening.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The global bagged food market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Bagged Food market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
New World Pasta (United States), Cloetta Fazer AB (Sweden), Haribo GmbH & Co KG (Germany), Perfetti Van Melle Group, Kraft Foods Group, Inc. (United States), The Hershey Company (United States), Nestlé SA (Switzerland), Mars, Incorporated (United States) and Cadbury Schweppes Plc (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Bagged Food market by , Application (Food Product Manufacturing, Food Services and Others) and Region.
On the basis of geography, the market of Bagged Food has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel , the sub-segment i.e. Online will boost the Bagged Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Bagged Food Items, the sub-segment i.e. Bread will boost the Bagged Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Types, the sub-segment i.e. Paper Bag Food will boost the Bagged Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Number of Customers from Online Channels
Market Growth Drivers:
An increase in vegetable production will affect market growth. For Instance, according to the Agricultural & Processed Food Products Export Development Authority, during 2015-16, India produced more than 90.2 million metric tonnes of fruits and more than 169.1 million metric tonnes of vegetables. Therefore, it will drive the market.
Challenges:
Stiff Completion in the Market
Restraints:
Stringent Regulation in Food Items May Act as Hamper for Market Growth.
Opportunities:
There is a significant demand for bagged food items in China and India, due to the rise in population. For instance, according to Population Reference Bureau., it is estimated that by 2050, India will surpass China as the world’s most populous country with an estimated more than 1.67 billion people. Therefore, it will create new opportunities for market expansion.
Market Leaders and their expansionary development strategies
Perfetti Van Melle Agrees to Acquire Mondelez International's Gum Business in North America and Europe
According to The Food and Agriculture Organization of the United Nations (Italy), “Food is governed by a complexity of laws and regulations which set out the government’s requirements to be met by food chain operators to ensure the food is safe and of adequate quality”.
Key Target Audience
Bagged Food Companies, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.