Packaged Foods Are Seeing a Spike in Demand That Could Continue for Years

High unemployment, remote work and an uncertain future draw consumers toward CPG

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Throughout the pandemic, consumer demand for shelf-stable packaged food has surged, providing a boost in sales for companies such as Kraft Heinz, General Mills, J.M. Smucker and Hormel Foods.

Today, the Campbell Soup Company joined this list, reporting that year-over-year net sales for the quarter ending April 26 were up 15% to $2.2 billion, beating estimates. The company’s meals and beverages segment, which includes Campbell’s soup, Prego pasta sauces and SpaghettiOs, grew 20%. Its snack segment—including Goldfish crackers, Pepperidge Farm cookies and Kettle Brand potato chips—increased 9%.

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