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APAC Packaged Food Industry Trends and Forecast - 2020

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Ready meals, baked goods, breakfast cereals, soups, baby food, potato chips, nuts, instant noodles, pasta, biscuits, chocolate confectionery, cheese, yogurt, ice cream and non-alcoholic drinks are the major types of packaged foods marketed in the Asia-Pacific region. In terms of value, non-alcoholic drinks contribute to nearly 2/3rd of the packaged food market in APAC. The dominance of it can majorly be attributed to the increasing urban population leading to rising disposable income and changing lifestyle patterns. Moreover, the considerably increasing working population coupled with the inclination towards western culture, would further fuel the growth of the market in the region.

Read more about this Industry at: https://www.alliedmarketresearch.com/asia-pacific-packaged-food-market

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APAC Packaged Food Industry Trends and Forecast - 2020

  1. 1. Asia-Pacific Packaged Food Market Opportunities and Forecasts, 2014 – 2020
  2. 2. Introduction To APAC Packaged Food Market According to a new report published by Allied Market Research, titled, "Asia-Pacific Packaged Food Market - Opportunity Analysis and Industry Forecast, 2014 - 2020", the Asia-Pacific packaged food market is estimated garner $875.3 billion by 2020, registering a CAGR of 5.6% during the forecast period, 2015 - 2020. Due to the growing demand for ready to consume beverages in countries such as India and China, the non-alcoholic drinks led the Asia-Pacific packaged food market. However, baby food and yogurt would prove to be the most promising products with respect to the growing concerns of baby health across different countries in the region. China dominates the Asia-Pacific packaged food market, constituting over 30% of the market revenue. However, India would witness the fastest CAGR during the forecast period. Read more about this report at: https://www.alliedmarketresearch.com/asia-pacific- packaged-food-market
  3. 3. Key Findings of APAC Packaged Food Market 1. The growing demand from Asian countries like India and China have largely propelled the market of packaged food in the Asia-Pacific region 2. Baby food and yogurt segments would witness relatively faster growth compared to other packaged food categories 3. Within APAC region, India would register the highest CAGR of 8.2% during the forecast period
  4. 4. APAC Packaged Food Market Dynamics Drivers • Lifestyle changes and Urbanization • Convenience • Growing awareness • Growth in organized retailing Restraints • Food contamination and disease • Government regulations • Growing health awareness Opportunities • Growth in retail • Innovation and R&D
  5. 5. APAC Packaged Food Market Segments 1. The product segment of baked goods was the second largest revenue generating segment in 2014 and is expected to grow at a CAGR of 6.1% during the forecast period. 2. Demand for these products would be primarily augmented by increasing demand for baked foods like cakes, pastries and breads. 3. Baby food would be the product segment growing at the fastest pace, followed by yogurt and cheese. Increasing concerns towards the health of babies is the key driver of baby food market. Moreover, the overall market of yogurt is growing pertaining to the rising demand for yogurt drinks. 4. On the basis of geography, China dominates the Asia-Pacific packaged food market, followed by Japan. The key factors that propel the overall packaged food market in the Asia-Pacific are consumer's point of preference towards convenience food, growing rate of urbanization and growth in organized retailing.
  6. 6. APAC Packaged Food Market Key Segments KeySegments By Product Type By Country
  7. 7. APAC Packaged Food Market By Product Type By Product Type Ready Meals Baked foods Breakfast cereals Baby food Potato Chips Pasta Chocolates and Confectionery Cheese Yogurt Ice Cream Non-alcoholic drinks
  8. 8. APAC Packaged Food Market By Geography Japan, China, India, Rest of Asia-Pacific
  9. 9. Key Players • Nestle S.A. • Kraft Foods Group, Inc. • General Mills, Inc. • ConAgra Foods, Inc. • Tyson Foods, Inc. • Kellogg Co. • Smithfield Foods, Inc. • Hormel Foods Corporation • Maple Leaf Foods Inc. • ITC Limited
  10. 10. “Ready meals, baked goods, breakfast cereals, soups, baby food, potato chips, nuts, instant noodles, pasta, biscuits, chocolate confectionery, cheese, yogurt, ice cream and non- alcoholic drinks are the major types of packaged foods marketed in the Asia-Pacific region. In terms of value, non-alcoholic drinks contribute to nearly 2/3rd of the packaged food market in APAC. The dominance of it can majorly be attributed to the increasing urban population leading to rising disposable income and changing lifestyle patterns. Moreover, the considerably increasing working population coupled with the inclination towards western culture, would further fuel the growth of the market in the region”. Nilesh Rajput
  11. 11. Thank You! For More Details https://www.alliedmarketresearch.com/asia-pacific-packaged-food-market Packaged Food Market (Global) https://www.alliedmarketresearch.com/packaged-food-market Visit us at Follow Us On

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