Press release
Asia-Pacific Food Processing and Manufacturing (FPM) Contract Manufacturing Market Size, Growth & Industry Report to 2025
Asia-Pacific FPM contract manufacturing market is expected to grow at a CAGR of around 5.5% during the forecast period. The growth of the Asia-Pacific FPM contract manufacturing market is accredited to the shift of major food companies towards the production facilities and expansion. Key companies such as Nestlé, Kraft, and Unilever already operate in more than 140 countries, including China, Australia and India. According to the Food & Agricultural Organization (FAO) of the United Nations, Heinz has also widened its plant capacity up to 15% in China and opened a new production plant in the Philippines. On the other hand, the Kellogg Company has production facilities in Japan, Thailand, South Korea, Japan and India for supply retail chains in the region.Get Free Sample Copy @ https://www.omrglobal.com/request-sample/asia-pacific-fpm-contract-manufacturing-market
In addition, PepsiCo Inc. has been constantly expanding its geographical reach along with its considerable global marketing arm in snack foods which is focusing on Asia-Pacific and Latin America. For instance, in November 2017, PepsiCo Inc. and Suntory Beverage & Food Asia Pte. Ltd has signed an agreement for the development of a beverage joint venture in Thailand. This agreement is intended to establish a strong position of PepsiCo, Inc. in Thailand and developing new opportunities for the growth of both companies in the Asia-Pacific FPM contract manufacturing market.
A Full Report of Asia-Pacific Food Processing and Manufacturing (FPM) Contract Manufacturing Market is Available at: https://www.omrglobal.com/industry-reports/asia-pacific-fpm-contract-manufacturing-market
Moreover, in September 2018, Ingredion Inc. an ingredient provider in Westchester, Illinois, the US declared $60 million capital investment in the region. This move is intended for the growth of its food ingredients business in the region. These capital investment projects comprise a 20% expansion of its capacity of tapioca modified food starch in Thailand coupled with the advanced promotion to its facilities of wastewater treatment. Such strategic investment is aimed to leverage the growing capabilities and strengthen manufacturing networks in the region to meet the growing demand of consumers and in turn, contributing to the Asia-Pacific FPM contract manufacturing market growth.
Market Segmentation
Asia-Pacific FPM Contract Manufacturing by Services
Food Manufacturing Services
Convenience Foods
Bakery Products
Dietary Supplement
Confectionery Products
Dairy Products
Others
Research and Development
Food Packaging Services
Regional Analysis
China
India
Japan
Rest of Asia-Pacific
Company Profiles
Hearthside Food Solutions LLC
LT Foods Ltd.
Rei Agro Ltd.
Nu-World Foods
Pacmoore Products Inc.
Saraf Foods Pvt. Ltd.
Fibro Foods
SPX Corp.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/asia-pacific-fpm-contract-manufacturing-market
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Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
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Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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