Emergency Food Market Expected to Witness a Sustainable Growth of $6,142 Million over 2025
The global emergency food market is segmented into product type and region. Based on product type, the market is divided into ready to eat meals, protein or fruit bar, dry cereal or granola, peanut butter, dried fruit, canned juice, non-perishable pasteurized milk and infant food.
Over the past four decades, the consumption rate of food products that requires minimal time for preparation has been on the rise especially in economically developed countries. Government of economically developing or under developed regions have been taking active steps on providing basic necessities to the part of population thriving in regions enduring various uncertain climatic conditions. This has resulted in demand for various emergency food products from the governments end which could cater to the rising needs and requirements of the people living in such regions. Several macro-economic factors have influenced the market of such emergency food products such increase in workforce participation rate, decline in prices for various convenience food products, and rise in per capita income of consumers, especially in North America, Europe, and Asia-Pacific which has eventually driven the emergency food industry by values sales.
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The emergency food manufacturers and research institutions are investing heavily on improving the efficiency of distribution channel as well as the infrastructure in the view of availing the products to its target customers at any point of time. This is considered to be one of the influential factors in having positive impact on global emergency food market forecast. Asia-Pacific countries such as China, India, and others are the potential markets for the emergency food market.
The key players profiled in this report include the key companies profiled in the report include Nestle S.A., Kraft Foods Group Inc., General Mills Inc., Kellogs, Conagra Brands Inc., PepsiCo, The Coca-Cola Company, Del Monte Foods Inc., CHB, and Princes Limited.
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Key Findings of The Emergency Food Market:
In 2017, based on product type, the non-perishable pasteurized milk segment accounted for around 20.0 % of the emergency food market share, growing at a CAGR of 1.7% from 2018 to 2025.
Over the forecast period, peanut butter segment is expected to gain faster traction, growing at a CAGR of 2.8% between 2018 to 2025.
In 2017, North America accounted for 45.0% of the emergency food market share growing at CAGR of 1.8% from 2018 to 2025.
In North America, Canada is expected to witness higher growth rate in terms of value sales over the forecast period.
Asia Pacific region is expected to witness significant growth in the emergency food market over the forecast period growing at a CAGR of 3.6% from 2018 to 2025.
More Information on This Report: https://www.alliedmarketresearch.com/emergency-food-market
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