World Packaged Food - Market Opportunities and Forecasts, 2014 - 2020

  • ID: 3384501
  • Report
  • Region: Global
  • 123 pages
  • Allied Analytics LLP
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The Global Packaged Food Market is Expected to Garner a Revenue of $3.03 Trillion by 2020, Registering a CAGR of 4.5% during 2015 - 2020

FEATURED COMPANIES

  • ConAgra Foods Inc.
  • General Mills
  • Hormel Foods Corporation
  • JBS S.A
  • Kelloggs
  • Kraft Foods Group Inc.
  • MORE
Food can be described as any substance that is consumed to provide nutritional support to the body. Food contains carbohydrates, minerals, fats, proteins and vitamins to support the growth of the body. The concept of packaged food came into existence owing to factors such as easy cooking, consumption, handling, and safety from external tampering. Changing lifestyle, convenience of consumption and increased health awareness are the main factors driving the growth of the packaged food market. Packaging materials used for food should be convenient for carrying, displaying, opening and closing. Some of the major hindrances to the market growth are due to food contamination, government regulations and emergence of local brands. The leading players in the market have been focusing on mergers and partnerships as their key strategies to expand their market presence. For instance, Kraft foods partnered with ketchup giant Heinz to expand its business, while Tyson foods collaborated with Godrej foods in India. The Asia-Pacific region is expected to be the fastest growing markets due to the growing awareness and increasing adoption of packaged foods; thus, making it one of the lucrative markets for investments and expansions.

The global packaged food market is segmented on the basis of product type and geography. Based on product type, the market is categorized into sixteen major food products namely - ready meals, baked foods, breakfast cereals, soup, baby food, potato chips, nuts, instant noodles, pasta, biscuits, chocolate confectionary, cheese, yogurt, ice creams, ‘sauces, dressings & condiments’, and non-alcoholic drinks. The baby food market is expected to grow at the fastest CAGR of 6.4% during the forecast period. The growth is imminent due to factors such as increase in the number of working parents, and safer baby food options for infants and toddlers. Geographically, North America is the largest market in the current scenario followed by Europe, APAC and LAMEA.

The key players operating in the packaged food 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. Prominent players like Nestlé and Kraft foods are investing heavily in promotions and increasing brand awareness for aiding product differentiation. The companies in this market are actively gauging the customers’ insights and preferences to understand the market requirements. Nestle was among the first companies to facilitate this process through its R&D center in India. Moreover, in the processing food division, Tyson Foods had a tie-up with The Hillshire Brand Company, and collaborated with Godrej Foods India to develop new products. Kraft foods and the global ketchup giant, Heinz entered into a merger to expand their prospects in the packed food market.

The study provides an in-depth analysis of the world packaged food market with current and future trends to elucidate the imminent investment pockets in the market

- Current and future trends have been outlined to determine the overall attractiveness and single out profitable trends to gain a stronger foothold in the market

- The report provides information regarding key drivers, restraints and opportunities with impact analysis

- Quantitative analysis of the current market and estimations during the period of 2014–2020 have been provided to highlight the financial appetency of the market

- Porter’s five forces model and SWOT analysis of the industry illustrate the potency of the buyers and suppliers participating in the market

- Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain

MARKET SEGMENTATION

The market is segmented on the basis of product type and geography.

MARKET BY PRODUCT TYPE

- Ready Meals

- Baked foods

- Breakfast cereals

- Soups

- Baby Food

- Potato Chips

- Nuts

- Instant Noodles

- Pasta

- Biscuits

- Chocolate Confectionery

- Cheese

- Yogurt

- Ice Creams

- Sauces, Dressings & Condiments

- Non-alcoholic drinks

MARKET BY GEOGRAPHY

- North America

- Europe

- Asia-Pacific

- LAMEA
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ConAgra Foods Inc.
  • General Mills
  • Hormel Foods Corporation
  • JBS S.A
  • Kelloggs
  • Kraft Foods Group Inc.
  • MORE
CHAPTER 1 INTRODUCTION

1.1 Report description
1.2 Key benefits
1.3 Key market segment
Research methodology
1.3.1 Secondary research
1.3.2 Primary research
1.3.3 Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1 CXO perspective

CHAPTER 3 MARKET OVERVIEW

3.1 Market definition and scope
3.2 Key findings
3.2.1 Top impacting factors
3.2.2 Top investment pockets
3.2.3 Top winning strategies
3.3 Value chain analysis
3.4 Market player positioning, 2014
3.5 Porters five forces analysis
3.5.1 Evident brand loyalty lowers the threat from new entrants
3.5.2 Low threat from substitutes due to growing time constraint among consumers
3.5.3 Low switching cost lowers the bargaining power of supplier
3.5.4 Higher bargaining power of buyers due to lower switching cost
3.5.5 Moderate industry growth and low switching cost leads to high rivalry
3.6 Case studies
3.7 Market dynamics
3.7.1 Drivers
3.7.1.1 Growing demand from emerging market
3.7.1.2 Convenience
3.7.1.3 Growing awareness
3.7.1.4 Growth in organised retailing
3.7.2 Restraints
3.7.2.1 Food contamination and disease
3.7.2.2 Government regulations
3.7.2.3 Growing health awareness
3.7.3 Opportunities
3.7.3.1 Growth in retail
3.7.3.2 Innovation and R&D

CHAPTER 4 WORLD PACKAGED FOOD MAKRET BY PRODUCT TYPE

4.1 Ready Meals
4.1.1 Key market trends
4.1.2 Key growth factors and opportunities
4.1.3 Competitive scenario
4.1.4 Market size and forecast
4.2 Baked Foods
4.2.1 Key market trends
4.2.2 Key growth factors and opportunities
4.2.3 Competitive scenario
4.2.4 Market size and forecast
4.3 Breakfast Cereals
4.3.1 Key market trends
4.3.2 Key growth factors and opportunities
4.3.3 Competitive scenario
4.3.4 Market size and forecast
4.4 Soups
4.4.1 Key market trends
4.4.2 Key growth factors and opportunities
4.4.3 Competitive scenario
4.4.4 Market size and forecast
4.5 Baby food
4.5.1 Key market trends
4.5.2 Key growth factors and opportunities
4.5.3 Competitive scenario
4.5.4 Market size and forecast
4.6 Potato Chips
4.6.1 Key market trends
4.6.2 Key growth factors and opportunities
4.6.3 Competitive scenario
4.6.4 Market size and forecast
4.7 Nuts
4.7.1 Key market trends
4.7.2 Key growth factors and opportunities
4.7.3 Competitive scenario
4.7.4 Market size and forecast
4.8 Instant Noodles
4.8.1 Key market trends
4.8.2 Key growth factors and opportunities
4.8.3 Competitive scenario
4.8.4 Market size and forecast
4.9 Pasta
4.9.1 Key market trends
4.9.2 Key growth factors and opportunities
4.9.3 Competitive scenario
4.9.4 Market size and forecast
4.10 Biscuits
4.10.1 Key market trends
4.10.2 Key growth factors and opportunities
4.10.3 Competitive scenario
4.10.4 Market size and forecast
4.11 Chocolate Confectionary
4.11.1 Key market trends
4.11.2 Key growth factors and opportunities
4.11.3 Competitive scenario
4.11.4 Market size and forecast
4.12 Cheese
4.12.1 Key market trends
4.12.2 Key growth factors and opportunities
4.12.3 Competitive scenario
4.12.4 Market size and forecast
4.13 Yogurt
4.13.1 Key market trends
4.13.2 Key growth factors and opportunities
4.13.3 Competitive scenario
4.13.4 Market size and forecast
4.14 Ice Creams
4.14.1 Key market trends
4.14.2 Key growth factors and opportunities
4.14.3 Competitive scenario
4.14.4 Market size and forecast
4.15 Sauces, Dressings & Condiments
4.15.1 Key market trends
4.15.2 Key growth factors and opportunities
4.15.3 Competitive scenario
4.15.4 Market size and forecast
4.16 Non-Alcoholic Drinks
4.16.1 Key market trends
4.16.2 Key growth factors and opportunities
4.16.3 Competitive scenario
4.16.4 Market Size and Forecast

CHAPTER 5 WORLD PACKAGED FOOD MAEKET BY GEOGRAPHY

5.1 North America
5.1.1 Key market trends
5.1.2 Competitive scenario
5.1.3 Key growth factors and opportunities
5.1.4 Market size and forecast
5.2 Europe
5.2.1 Key market trends
5.2.2 Competitive scenario
5.2.3 Key growth factors and opportunities
5.2.4 Market size and forecast
5.3 Asia-Pacific
5.3.1 Key market trends
5.3.2 Competitive scenario
5.3.3 Key growth factors and opportunities
5.3.4 Market size and forecast
5.4 LAMEA
5.4.1 Key market trends
5.4.2 Competitive scenario
5.4.3 Key growth factors and opportunities
5.4.4 Market size and forecast

CHAPTER 6 COMPANY PROFILE

6.1 Nestle S.A
6.1.1 Company overview
6.1.2 Company snapshot
6.1.3 Business performance
6.1.4 Key strategies and developments
6.1.5 SWOT analysis of Nestle S.A
6.2 Tyson Foods
6.2.1 Company overview
6.2.2 Company snapshot
6.2.3 Business performance
6.2.4 Strategic moves and developments
6.2.5 SWOT analysis of Tyson Foods
6.3 Kraft Foods Group Inc.
6.3.1 Company overview
6.3.2 Company snapshot
6.3.3 Business performance
6.3.4 Strategic moves and developments
6.3.5 SWOT analysis of Kraft Foods Group Inc.
6.4 General Mills
6.4.1 Company overview
6.4.2 Company snapshot
6.4.3 Business performance
6.4.4 Strategic moves and developments
6.4.5 SWOT analyssis of General Mills
6.5 ConAgra Foods Inc.
6.5.1 Company overview
6.5.2 Company snapshot
6.5.3 Business performance
6.5.4 Strategic moves and developments
6.5.5 SWOT analysis of ConAgra Foods
6.6 Smithfield Foods Inc.
6.6.1 Company overview
6.6.2 Company snapshot
6.6.3 Business performance
6.6.4 Strategic moves and developments
6.6.5 SWOT analysis of Smithfield Foods Inc.
6.7 Kelloggs
6.7.1 Company overview
6.7.2 Company snapshot
6.7.3 Business performance
6.7.4 Strategic moves and developments
6.7.5 SWOT analysis of Kelloggs
6.8 JBS S.A
6.8.1 Company overview
6.8.2 Company snapshot
6.8.3 Business performance
6.8.4 Strategic moves and developments
6.8.5 SWOT analysis of JBS S.A
6.9 Hormel Foods Corporation
6.9.1 Company overview
6.9.2 Company snapshot
6.9.3 Business performance
6.9.4 Strategic moves and developments
6.9.5 SWOT analysis of Hormel Foods Corporation
6.10 Maple Leaf Foods Inc.
6.10.1 Company overview
6.10.2 Company snapshot
6.10.3 Business performance
6.10.4 Strategic moves and developments
6.10.5 SWOT analysis of Maple Leaf Foods Inc.

List of Figures

Fig. 1 Top Impacting Factors
Fig. 2 Top Investment Pockets
Fig. 3 Top Winning Strategies In Packaged Food Market
Fig. 4 Top Winning Strategies In Packaged Food Market By Leading Players
Fig. 5 World Packaged Food Markets Value Chain
Fig. 6 Porters Five Forces Model
Fig. 7 Worlds Urban And Rural Population In 1950-2050
Fig. 8 Revenue Generated By Nestle S.A ($Million, 2012 2014)
Fig. 9 Revenue Of Nestle S.A., By Business Segment (%), 2014
Fig. 10 Swot Analysis Of Nestle S.A
Fig. 11 Revenue Generated By Tyson Foods ($Million, 2012 2014)
Fig. 12 Revenue Of Tyson Foods, By Business Segment (%), 2014
Fig. 13 Swot Analysis Of Tyson Foods.
Fig. 14 Revenue Generated By Kraft Foods Inc. ($Million, 2012 2014)
Fig. 15 Revenue Of Kraft Foods Group Inc, By Business Segment (%), 2014
Fig. 16 Swot Analysis Of Kraft Foods Group Inc.
Fig. 17 Revenue Generated By General Mills ($Million, 2012 2014)
Fig. 18 Revenue Of General Mills., By Business Segment (%), 2014
Fig. 19 Swot Analysis Of General Mills
Fig. 20 Revenue Generated By Conagra Foods ($Million, 2012 2014)
Fig. 21 Revenue Of Conagra Foods., By Business Segment (%), 2014
Fig. 22 Swot Analysis Of Conagra Foods Inc.
Fig. 23 Revenue Generated By Smithfield Foods Inc. ($Million, 2012 2014)
Fig. 24 Revenue Of Smithfield Foods Inc., By Business Segment (%), 2014
Fig. 25 Swot Analysis Of Smithfield Foods Inc
Fig. 26 Revenue Generated By Kelloggs. ($Million, 2012 2014)
Fig. 27 Revenue Of Kelloggs, By Business Segment (%), 2014
Fig. 28 Swot Analysis Of Kelloggs
Fig. 29 Revenue Generated By JBS S.A. ($Million, 2012 2014)
Fig. 30 Revenue Of JBS S.A, By Business Segment (%), 2014
Fig. 31 Swot Analysis Of JBS S.A.
Fig. 32 Revenue Generated By Hormel Foods Corporation. ($Million, 2012 2014)
Fig. 33 Revenue Of Hormel Foods Corporation, By Business Segment (%), 2014
Fig. 34 Swot Analysis Of Hormel Foods Corporation
Fig. 35 Revenue Generated By Maple Leaf Foods Inc. ($Million, 2012 2014)
Fig. 36 Revenue Of Maple Leaf Foods Inc, By Business Segment (%), 2014
Fig. 39 Swot Analysis Of Maple Leaf Foods Inc.

List Of Tables

Table 1 World Packaged Food Market By Geography, 2014 - 2020 ($Million)
Table 2 World Packaged Food Market By Type, 2014 2020 ($Million)
Table 3 World Packaged Ready Meal Market By Geography, 2014 - 2020 ($Million)
Table 4 World Packaged Baked Foods Market Revenue By Geography, 2014 - 2020 ($Million)
Table 5 World Packaged Breakfast Cereals Market By Geography, 2014 - 2020 ($Million)
Table 6 World Packaged Soups Market By Geography, 2014 - 2020 ($Million)
Table 7 World Packaged Baby Food Market By Geography, 2014 - 2020 ($Million)
Table 8 World Packaged Potato Chips Market By Geography, 2014 - 2020 ($Million)
Table 9 World Packaged Nuts Market By Geography, 2014 - 2020 ($Million)
Table 10 World Packaged Instant Noodles Market By Geography, 2014 - 2020 ($Million)
Table 11 World Packaged Pasta Market By Geography, 2014 - 2020 ($Million)
Table 12 World Packaged Biscuits Market By Geography, 2014 - 2020 ($Million)
Table 13 World Packaged Chocolate Confectionary Market By Geography, 2014 - 2020 ($Million)
Table 14 World Packaged Cheese Market By Geography, 2014 - 2020 ($Million)
Table 15 World Packaged Yogurt Market By Geography, 2014 - 2020 ($Million)
Table 16 World Packaged Ice Creams Market By Geography, 2014 - 2020 ($Million)
Table 17 World Packaged Sauces, Dressings And Condiments Market By Geography, 2014 - 2020 ($Million)
Table 18 World Packaged Non Alcoholic Drinks Market By Geography, 2014 - 2020 ($Million)
Table 19 North America Packaged Food Market By Product Type, 2014 - 2020 ($Million)
Table 20 Europe Packaged Food Market By Product Type, 2014 - 2020 ($Million)
Table 21 Asia Pacific Packaged Food Market By Product Type, 2014 - 2020 ($Million)
Table 22 Lamea Packaged Food Market By Product Type, 2014 - 2020 ($Million)
Table 23 Snapshot Of Nestle S.A
Table 24 Snapshot Of Tyson Foods
Table 25 Snapshot Of Kraft Foods Inc.
Table 26 Snapshot Of General Mills
Table 27 Snapshot Of Conagra Foods
Table 28 Snapshot Of Smithfield Foods Inc.
Table 29 Snapshot Of Kelloggs
Table 30 Snapshot Of JBS S.A.
Table 31 Snapshot Of Hormel Foods Corporation
Table 32 Snapshot Of Maple Leaf Foods Inc.

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FEATURED COMPANIES

  • ConAgra Foods Inc.
  • General Mills
  • Hormel Foods Corporation
  • JBS S.A
  • Kelloggs
  • Kraft Foods Group Inc.
  • MORE
The global packaged food market is expected to grow at a moderate pace during the forecast period. Packaged food industry includes a wide range of food products such as ready meals, baked goods, breakfast cereals, soups, baby food, potato chips, nuts, instant noodles, pasta, biscuits, chocolate confectionery, cheese, yogurt, ice cream, sauces, dressings, condiments and non-alcoholic drinks. Currently, non-alcoholic drinks, followed by baked foods constitute the largest product markets, together capturing nearly 3/4th of the total market by value. Chocolate confectionery is the major market after non-alcoholic drinks and baked food, followed by cheese. The demand for cheese is expected to witness a significant rise due to the emergence of fast food restaurants worldwide. In addition, categories expected to grow at a notable pace include yogurt and baby food. Yogurt is increasingly gaining acceptance throughout the globe, with yogurt drinks expected to grow at a faster pace compared to standard yogurt. In addition, baby food is expected to witness the highest growth due to the growing awareness among parents regarding nutritional benefits associated with baby food.

Geographically, world packaged food market is dominated by the North American region, followed by Europe. The market is growing substantially in Northern Europe, whereas the adoption rate lags in Southern Europe. In North America, considerable decline was observed in the sales of packaged food in the United States during the last recession. However, the market has now recovered and demand has seen an uptrend. With increasing health concerns in the United States, consumers are now looking for premium and healthy packaged foods. In the APAC region, India has a potential market for packaged food due to the increasing awareness and adoption of packaged goods. For instance, Nestlé has established its first R&D center in India to cater to the increasing demands and to understand the regional needs of nutritious foods and offer them at an affordable price. Moreover, Tyson foods has collaborated with Godrej foods to expand its foothold in India. LAMEA is expected to witness fastest growth in demand due to limited market penetration in the current scenario and future growth possibilities. Since last few years, growth in demand for products such as biscuits and cheese is primarily driven by LAMEA region.

The segment of non-alcoholic drinks dominated the overall packaged food market due to the large demand of ready to drink (RTD) beverages, globally. Baby food stands out as the fastest growing segment, primarily driven by the growing awareness towards modern care practices in baby health and food hygiene, primarily, in the developing nations. Presently, North America is the highest revenue generating region in the global market and would continue to maintain its dominant position throughout the analysis period. However, in terms of growth, APAC region would be the fastest growing market, expected to grow at a CAGR of 5.4% during 2015 - 2020Packaged foods include ready meals, baked foods, breakfast cereals, soups, baby food, potato chips, nuts, instant noodles, pasta, biscuits, chocolate confectionery, cheese, yogurt, ice cream, “sauces, dressings & condiments” and non-alcoholic drinks.

Among these food products, the segment of non-alcoholic drinks, and baked foods together contribute to nearly 3/4th of the market, in terms of value. The dominance of these product categories in the market is primarily supplemented by the global demand for baked food (including food products such as cake, pastries and bread) and drink products (carbonated and non-carbonated). RTD beverages contribute for a major share in the non-alcoholic drinks market and has witnessed remarkable growth and acceptance in the APAC countries over the last decade. Further, bottled water, is now witnessing tremendous growth in developing nations where growing per capita income, health awareness and changing lifestyles has significantly boosted the demand for packaged and purified water.

Baby food would be the fastest growing market followed by the market of yogurt and nuts. Growing demand for yogurt drinks is the key factor propelling the yogurt market growth. The increasing consumption of nuts as raw food, and the growing awareness of its nutritional benefits, are key factors that boost the demand for nuts.

Geographically, North America leads the global packaged food market, followed by Europe. Asia Pacific and LAMEA are the most promising markets for packaged food.

Key findings of the study:

- The growth of the packaged food market worldwide is largely attributed to growing demand from emerging economies

- The segment of baby food and yogurt would register a rapid CAGR of 6.4% and 6.0% respectively, during the forecast period of 2015 – 2020

- Asia Pacific would register the fastest CAGR of 5.4% during 2015 – 2020, primarily driven by the growing per capita incomes and increasing health awareness - China and India would exhibit significant market growth for packaged food products

The companies in this market are actively acquiring customers’ insights and preferences to gauge on the potential market requirements. Key players operating in this market are primarily focusing on acquisition and partnerships to strengthen their market presence. Nestle, was among the first companies to establish its R&D center in India. Also, in the processed food division, Tyson Foods acquired The Hillshire Brand Company, and partnered with Godrej Foods India to work on new product launches. Kraft Foods entered into a merger with the global ketchup giant Heinz, with the objective to diversify its business

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- ConAgra Foods Inc.
- General Mills
- Hormel Foods Corporation
- JBS S.A
- Kelloggs
- Kraft Foods Group Inc.
- Maple Leaf Foods Inc.
- Nestle S.A
- Smithfield Foods Inc.
- Tyson Foods

Note: Product cover images may vary from those shown
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