Packaged Food Products

A Glimpse into the Packaging Methods and Healthy Snack Options

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The global packaged food products market is estimated to be valued at $34,434.6 million by 2030, surging from $20,545.4 million in 2021, at a noteworthy CAGR of 6.03%.

Impact Analysis of COVID-19 on the Packaged Food Products Market

During COVID-19 pandemic in the world, the packaged food products market has experienced an exponential rise. This growth owes to the increase in the consumption of packaged food items like snacks & beverages, biscuits, cookies, chips, chocolates, and frozen food products like vegetables, dairy products, and fruits. During lockdown and work-from-home facility for the employees, the consumption of snacks and chips increased. During complete lockdown, people were restricted from going to supermarkets and hypermarkets due to which their shopping behavior changed as they started bulk purchasing of food products.

This has motivated many companies and food manufacturing units to boost their production line and increase the packaged food supply & demand chain. Furthermore, the corona virus pandemic has affected the health conditions of the people as they experience many health ailments post corona virus infections. In such cases, consumers are opting for ready-to-eat and less time-consuming healthy food product alternatives. These food products will enhance their health and immunity as they contain less preservatives, cholesterol, fat, and high nutritional content. Hence, this factor has driven the companies to manufacture healthy food product.

Global Packaged Food Products Market Analysis