Emergency Food Market size to increase by USD 2.88 billion from 2021 to 2026 | The growth of the organized retail sector is notably driving the market growth - Technavio

NEW YORK, Sept. 13, 2023 /PRNewswire/ -- The emergency food market size is expected to grow by USD 2.88 billion from 2021 to 2026, according to Technavio. In addition, the growth momentum of the market will be progressing at a CAGR of 7.23% during the forecast period. The growth of the organized retail sector is notably driving the emergency food market. However, factors such as need for adherence to stringent regulations and guidelines may impede market growth. Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format 

Key Segment Analysis
The market is segmented by product type (Ready-to-eat meals, non-perishable pasteurized milk, Infant food, Dried food, and Others), distribution channel (Offline and Online), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

• The emergency food market share growth in the ready-to-eat meals segment will be significant during the forecast period. Without any need for prior preparation or cooking, ready-to-eat food items are pre-cleaned, pre-cooked, mostly packaged, and ready for consumption. Factors such as the growing Millennial population, the increasing number of working women, on-the-go consumption habits, and busy work schedules are expected to drive the growth of the ready-to-eat meals segment of the market during the forecast period.

To know additional highlights and key points on various market segments and their impact in coming years, View PDF Sample Report.

Geographical Market Analysis 

• North America is estimated to contribute 31% to the growth of the global market during the forecast period. The US is the major market for the emergency food market in the region. Market growth in this region will be slower than the growth of the market in APAC. Busy Millennials opting for on-the-go eating options will facilitate the emergency food market growth in North America during the forecast period.

Market Dynamics

Driver

The growth of the organized retail sector is one of the key drivers supporting the emergency food market growth. Two significant offline distribution channels for ready-to-eat food products are hypermarkets and supermarkets. Organized retailing is an essential part of offline distribution channels, which facilitates the buying process for consumers and allows them to prefer a various range of ready-to-eat food products. For instance, Tesco Plc (Tesco), Walmart Inc., Target Brands Inc. (Target), and ALDI Inc. (ALDI) are some of the major hypermarkets and supermarkets that offer a plethora of packaged ready-to-eat food products. Therefore, an upsurge in the number of organized retailers that deliver shelf space for branded and private-label packaged ready-to-eat food products is anticipated to fuel the growth of the market during the forecast period. 

Company Insights 
The emergency food market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including Augason Farms, Conagra Brands Inc., Del Monte Food Inc., Emergency Essentials LLC, General Mills Inc., Kellogg Co., Legacy Food Storage, Mountain House, Natures Juice Bar, Nestle SA, Probar LLC, ReadyWise, Shield Safety LLC, SOS Food Lab LLC, The Coca Cola Co., The Kraft Heinz Co., The Survival Tabs, Thrive Life LLC, Valley Food Storage LLC, and Wise Co. Emergency Food

View the PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

The vegan food market size is estimated to grow at a CAGR of 12.07% between 2022 and 2027. The market size is forecast to increase by USD 20,034.3 million.   This report extensively covers market segmentation by distribution channel (offline and online), product (dairy alternative, meat alternative, and eggs and others), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). Growing number of vegan consumers is the key factor driving the growth of the market.

The Breakfast Food Market size is projected to increase by USD 125 billion and the market size is estimated to grow at a CAGR of 5.31% between 2022 and 2027. This report segment includes bakery products, ready meals, cereals, snack bars, and others. Additionally regional covers by (North America, Europe, APAC, Middle East and Africa, and South America). The bakery products segment will account for a significant share of market growth during the forecast period.

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by Distribution Channel

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio