Conagra Brands Inc CAG

Consumer Defensive Packaged Foods

Conagra Brands, Inc. is a consumer-packaged goods food company. The Company’s segments include Grocery & Snacks that includes branded, shelf-stable food products sold in various retail channels in the United States; Refrigerated & Frozen segment includes branded, temperature-controlled food products sold in various retail channels in the United States; International segment principally includes branded food products in various temperature states, sold in various retail and foodservice channels outside of the United States, and Foodservice segment includes branded and customized food products, including meals, entrees, sauces, and a variety of custom-manufactured culinary products packaged for sale to restaurants and other foodservice establishments primarily in the United States. Its brands include Birds Eye, Duncan Hines, Healthy Choice, Marie Callender’s, Reddi-wip, and BOOMCHICKAPOP. It also offers FATTY Smoked Meat Sticks made with quality pork and beef smoked with hickory wood.

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Conagra Brands Inc

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Post by ivosmithon Dec 15, 2023 4:14am

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Post# 35786117

Packaged Food Market Report and Outlook 2023-2028

According to the latest research report, the global packaged food market size reached US$ 2,259 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,690 Billion by 2028, exhibiting a growth rate (CAGR) of 8.05 % during 2023-2028.

The market is currently being driven by the continuous growth of e-commerce and the online shopping sector. Additionally, the ongoing change in consumer preferences towards convenience, coupled with the ability to browse and select from a variety of food products from the comfort of their homes, is contributing to the market's augmentation. Alongside this, the increasing number of working professionals seeking ready-to-eat (RTE) meals or families in search of quick meal solutions through various products on online platforms that offer a one-stop-shop experience for diverse consumer needs is propelling the market's growth.

Furthermore, the easy availability of customer reviews and ratings on online platforms is currently empowering consumers with information and insights that influence their purchasing decisions. This shift toward greater transparency is also motivating food manufacturers to prioritize product quality and consistency to maintain positive online reputations, thereby contributing to the ongoing growth of the market.

Explore full report with Table of Contents: https://www.imarcgroup.com/packaged-food-market