Processed Food Market Growing Popularity and Emerging Trends | Tyson Foods, Kellogg’s, Frito-Lay, JBS Food, Smithfield Food, Inc. and Mars, Inc.

Food which is altered using freezing, baking, and drying is called processed food. United States Department of Agriculture (USDA) defines processed food as any raw agricultural products that has been subjected to cleaning, washing, milling, chopping, cutting, heating, blanching, pasteurizing, cooking, freezing, canning, drying, mixing, packaging, dehydrating or other procedures that modify the food from its natural state. Such process may include the additional ingredients such as flavors, nutrients, preservatives. These products are having a demand in the global market due to its advantages such as easy cooking or immediate consumption, easy handling, preservation, and storage. Changing lifestyle, safety, and convenience are the major driving factors for the global processed food market. Excellent marketing strategies for such products also play an important role. Innovative packaging is used by processed food industry which in turn increases the demand for the global packaging industry.

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𝑻𝒉𝒆 𝒄𝒐𝒎𝒑𝒂𝒏𝒊𝒆𝒔 𝒂𝒓𝒆 𝒂𝒅𝒐𝒑𝒕𝒊𝒏𝒈 𝒗𝒂𝒓𝒊𝒐𝒖𝒔 𝒐𝒓𝒈𝒂𝒏𝒊𝒄 𝒂𝒏𝒅 𝒊𝒏𝒐𝒓𝒈𝒂𝒏𝒊𝒄 𝒈𝒓𝒐𝒘𝒕𝒉 𝒔𝒕𝒓𝒂𝒕𝒆𝒈𝒊𝒆𝒔 𝒕𝒐 𝒔𝒖𝒔𝒕𝒂𝒊𝒏 𝒕𝒉𝒆𝒊𝒓 𝒎𝒂𝒓𝒌𝒆𝒕 𝒑𝒐𝒔𝒊𝒕𝒊𝒐𝒏𝒔 𝒔𝒖𝒄𝒉 𝒂𝒔 𝒑𝒂𝒓𝒕𝒏𝒆𝒓𝒔𝒉𝒊𝒑 𝒂𝒏𝒅 𝒎𝒆𝒓𝒈𝒆𝒓𝒔. 𝑭𝒐𝒓 𝒊𝒏𝒔𝒕𝒂𝒏𝒄𝒆, 𝒊𝒏 2015, 𝑲𝒓𝒂𝒇𝒕𝒔 𝒇𝒐𝒐𝒅 𝒂𝒏𝒅 𝑯𝒊𝒆𝒏𝒛 𝒎𝒆𝒓𝒈𝒆𝒅 𝒕𝒐 𝒆𝒙𝒑𝒂𝒏𝒅 𝒕𝒉𝒆𝒊𝒓 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔. 𝑨𝒍𝒔𝒐, 𝑻𝒚𝒔𝒐𝒏 𝒇𝒐𝒐𝒅 𝒄𝒐𝒍𝒍𝒂𝒃𝒐𝒓𝒂𝒕𝒆𝒅 𝒘𝒊𝒕𝒉 𝑮𝒐𝒅𝒓𝒆𝒋 𝑰𝒏𝒅𝒊𝒂 𝒊𝒏 2008. 𝑺𝒐𝒎𝒆 𝒐𝒇 𝒕𝒉𝒆 𝒊𝒎𝒑𝒐𝒓𝒕𝒂𝒏𝒕 𝒑𝒍𝒂𝒚𝒆𝒓𝒔 𝒊𝒏 𝒕𝒉𝒆 𝒈𝒍𝒐𝒃𝒂𝒍 𝒇𝒐𝒐𝒅 𝒊𝒏𝒅𝒖𝒔𝒕𝒓𝒚 𝒎𝒂𝒓𝒌𝒆𝒕 𝒂𝒓𝒆  𝑵𝒆𝒔𝒕𝒍é, 𝑮𝒆𝒏𝒆𝒓𝒂𝒍 𝑴𝒊𝒍𝒍𝒔, 𝑲𝒓𝒂𝒇𝒕 𝑭𝒐𝒐𝒅, 𝑰𝒏𝒄., 𝑪𝒐𝒏𝑨𝒈𝒓𝒂 𝒇𝒐𝒐𝒅𝒔, 𝑰𝒏𝒄., 𝑻𝒚𝒔𝒐𝒏 𝑭𝒐𝒐𝒅𝒔, 𝑲𝒆𝒍𝒍𝒐𝒈𝒈’𝒔, 𝑭𝒓𝒊𝒕𝒐-𝑳𝒂𝒚, 𝑱𝑩𝑺 𝑭𝒐𝒐𝒅, 𝑺𝒎𝒊𝒕𝒉𝒇𝒊𝒆𝒍𝒅 𝑭𝒐𝒐𝒅, 𝑰𝒏𝒄. 𝒂𝒏𝒅 𝑴𝒂𝒓𝒔, 𝑰𝒏𝒄.

Global Processed Food Market Outlook
• North America is the largest market for processed food due to increased snacking trend. Furthermore, busy lifestyle, packaging innovation and expanded lifestyle plays a major role in increasing demand of processed food.

• Europe has high demand for high quality and nutritious food. The strict government regulations is the major challenge in this market. The basic food hygiene and food law requirements are in Regulation (EC) No 178/2002 and in Regulation (EC) No 825/2004 which plays a dominant role in European processed food industry.

• Processed food market is fast growing in Asia pacific region due to increase in population and increase in consumer buying power. The consumer spending in India on processed food is expected to grow to US$ 3.6 trillion by 2020. Cost competitiveness along with availability of raw materials are the growth drivers for the processed food industry in India and China.

• In Latin America, urbanization and modernization is creating a demand for processed food. However, regulations such as, special 8% tax on high calorie food in Mexico from January 2014 will have a considerable effect on the processed food market. Also, it will increase the demand for nutritious processed food in these regions.
 
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Global Processed Food -Market Taxonomy
The global processed food market is segmented on the basis of process, products, and application.
Based on process, global processed food market is segmented into:
• Minimally
• Highly
Based on product type, global processed food market is segmented into:
• Plant based
◦ Fruits  
◦ Vegetables
◦ Legumes 
◦ Extracted foods
◦ Others
• Animal based
◦ Milk 
◦ Poultry
◦ Fleshy
◦ Others

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This release was published on openPR.