Market Size of Europe Food Contract Manufacturing & Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.90 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Food Contract Manufacturing & Packaging Market Analysis
Europe Food Contract Manufacturing & Packaging Market is expected to grow by 9.9% CAGR in the forecasted period. European enterprises are increasingly outsourcing their Food Manufacturing and Packaging needs to contract companies to focus on their core operations while lowering operational costs and improving market penetration.
- According to Eurostat, almost 289,000 enterprises in the European Union were producing food items. In terms of income generated from the contract manufacturing service, Germany, the United Kingdom, and France are likely to dominate the European Food contract manufacturing market.
- Furthermore, processing meat, bakery, and dairy products are likely to provide considerable prospects for the European FPM contract manufacturing market to expand. Aside from that, Switzerland has a plethora of enterprises engaged in producing food supplements, which are seeing a growth in demand as customers place a greater emphasis on health and diet. Disch AG and HACO AG, for example, are some of the companies that exist in Switzerland.
- To stand out as a one-stop contract packaging solution provider, consumer-packaged goods (CPG) vendors have been aggressively looking ahead to vertically integrate to offer packaging solutions, including purchasing raw materials and logistics. According to Nulogy, a developer of agile supply chain solutions for CPG firms, consumers' evolving buying habits are providing contract packers with additional work.
- The COVID-19 epidemic has resulted in panic purchases of comfort foods and supply chain reorganization, which have benefited the contract manufacturing business. On the other hand, contract manufacturers had to contend with increased worker security and greater attention to current Good Manufacturing Practices, hampered the industry's expansion.
