Asia-Pacific Packaged Food Market Trends and Forecast Breakdown, 2014-2020

Allied Market Research in its recently published Asia-Pacific packaged food market report forecasts that the industry is expected to garner $875.3 billion in terms of revenue by 2020. Analytical experts estimate the Asia-Pacific market to register a CAGR of 5.6% during the forecast period 2015–2020. The study presents the detailed account of the market size, share, trends, and opportunities to forecast the upcoming financial tendencies. It outlines the ongoing surge in demand for ready-to-consume beverages in countries such as India and China. Estimations suggest that the non-alcoholic drink segment dominates the overall Asia-Pacific packaged food market volume.

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In terms of growth rate, baby food and yogurt are the two product types that are expected to dominate the market platforms. The report identifies these as the most promising segments amidst the rising concerns for baby health across different countries in the region. At present, China dominates the Asia-Pacific packaged food market, accounting for more than 30% of the total revenue generated. However, India is expected to witness the highest CAGR throughout the forecast period.

The Asia-Pacific packaged food market report presents a segmented analysis of the various product types within the distribution channels. In addition, it is classified based on the countries that form the important market avenues for these products across Asia-Pacific. Among the different segments discussed, baked goods sector has emerged as the second largest revenue contributor during 2014. As per latest trends witnessed in the industry, the segment is expected to grow at a CAGR of 6.1% over the forecast period.

The net demand for these products is being primarily augmented by the increase in demand for baked foods such as cakes, pastries, and breads. They serve as a safer alternative to processed items that can be consumed off-the-shelf. The baby food would surface as the product segment with the fastest growth rate, closely followed by yogurt and cheese. Recent increase in the level and intensity of concerns towards the health of infants happens to be the key driver of baby food market. In addition, the overall market of yogurt experiences a remarkable surge pertaining to the rise in demand for yogurt and yogurt-based drinks. Based on geographical breakdown, China dominates the Asia-Pacific packaged food market, followed by Japan. Several key factors have been associated with the boost that the overall packaged food market has attained in Asia-Pacific. The study holds a detailed discussion on quite a few of them including the point of consumer preference towards convenient food items, rapid rate of urbanization, and growth of organized retailing.

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Key Findings of Asia-Pacific Packaged Food Market Report:

• Increasing demand from countries across Asia-Pacific, such as India and China, add a significant boost to the regional packaged food market.
• Among the product types offered, the baby food and yogurt segment would witness a comparatively faster growth over the forecast period.
• India is expected to register the highest CAGR of 8.2% over the forecast period

The Asia-Pacific packaged food market report provides the in-depth company profiles of the leading players. These include their operations, product portfolio, financial ratios, and geographical presence. The study highlights the various business moves undertaken by the key players that operate in this market. They adopt acquisition as one of the primary strategies to strengthen their industry presence. For instance, Danone recently acquired Wockhardt Nutrition India, to fortify its position in Asia-Pacific market. In addition, the Tyson Foods adopted a collaborative strategy to strengthen its market presence in India and across other emerging economic avenues in the region. The report forms a valuable source of information for the new entrants and the business stakeholders in the packaged food market of the region.

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