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| Self-heating food packaging Market |
Self-heating food packaging products provide cooked hot meals without the need of heating appliances such as microwaves. The packaging includes chemicals that produce an exothermic reaction when exposed to air or moisture to heat up the enclosed food contents. This enhances the product shelf life by eliminating the possibility of contamination through heating appliances. The global self-heating food packaging market is estimated to be valued at US$ 61.36 Bn in 2023 and is expected to exhibit a CAGR of 27% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends driving the growth of the self-heating food packaging
market is the increased product shelf life offered by these packaging
solutions. The self-heating mechanism on exposure activates an exothermic
reaction that cooks as well as seals the product, preventing microbial
deterioration. This leads to enhanced shelf life of the packaged food product
without refrigeration. The product remains edible and microbiologically safe
for a longer duration. The enhanced shelf life also benefits retail stores and
distributors with reduced logistics costs. It further increases the
accessibility of cooked meals to consumers in remote locations without access
to heating facilities. The extended shelf life offered is translating into
increased demand and faster market growth.
Segment Analysis
The global self-heating food packaging market is dominated by the canned/jarred
food segment. This segment accounted for over 40% of the overall market share
in 2023. The popularity of canned/jarred food products like soups, beans, and
ready-to-eat meals among consumers coupled with their long shelf life without
any refrigeration requirements have helped drive the adoption of self-heating
technology in cans/jars. Self-heating cans/jars enable consumers to heat and
consume the packaged food quickly and easily without the need for additional
cooking equipment.
Key Takeaways
The global Self-Heating
Food Packaging Market Growth is expected to witness high growth over
the forecast period of 2023-2030. Regional analysis shows that North America
currently holds the largest share of the market due to early adoption of
innovative food technologies by food brands and retailers in the region. The
growing demand for convenient ready-to-eat meals among time-strapped consumers
in countries like the U.S. and Canada is a major factor behind the strong
market position of North America. Asia Pacific is projected to be the fastest
growing regional market propelled by population growth, rising disposable
incomes, and expanding urbanization in nations such as China, India, and
Indonesia which is translating to increased uptake of convenience foods.
Key players operating in the self-heating food packaging market are 42 Degrees
Company, ScaldoPack, Heat Food & Drink Ltd, Luxfer Magtech Inc., HeatGen,
LLC., LMK Thermosafe, Kemira Inc, Ontech operations Inc., and Com-Pac
International. 42 Degrees Company and Heat Food & Drink Ltd are widely
recognized as innovators in self-heating technology and hold a significant
share of the market.
For more insights, read- https://www.ukwebwire.com/self-heating-food-packaging-market-trends-size-and-share-analysis/
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