Packaged Food Market In Asia-Pacific Witnessed a transfiguration development by 2020

Asia-Pacific Packaged Food Market is expected to $875.3 billion by 2020, registering a CAGR of 5.6% during the 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.

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. Demand for these products would be primarily augmented by increasing demand for baked foods like cakes, pastries and breads. 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.

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Moreover, the overall market of yogurt is growing pertaining to the rising demand for yogurt drinks. 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.

The segmentation of the Asia-Pacific packaged food market is done on the basis of product type and country. Depending on type of product, the market segments included in the report are breakfast cereals, baked goods, ready meals, potato chips, baby food, pasta, instant noodles, nuts, biscuits, cheese, chocolate confectionery, ice-creams, yogurt and non-alcoholic drinks.

Currently, Asia-Pacific packaged food market is led by non-alcoholic drinks, followed by baked goods product category. From a perspective of growth, among all the categories of food, the baby food products would gain the highest CAGR. Moreover, the demands of baby food would be concentrated to developing countries such as India and China. The key factors that propel the market growth in India and China are the constantly increasing birth rate in India and massive population in China.

Key Benefits:

•The study imbibes an in-depth analysis of the packaged food market in Asia-Pacific with current and future trends to illuminate the forthcoming investment opportunities in the market

•Current and future trends are drawn to denote the overall attractiveness and extract the profitable trends for gaining a stronger hold in the market

•The report inculcates the information pertaining to key drivers, restraints and opportunities including impact analysis

•Quantitative analysis of the current market and market estimations during the period of 201-52020 have been framed in the report to highlight the financial caliber of the market

•The report encapsulates SWOT analysis and Porters five forces model elucidating the role of buyers and suppliers in the market

•Value chain analysis in the report gives a proper understanding of the roles of involved stakeholders in the value chain

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
•Top of Form

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