The global dried processed food market is expected to register a CAGR of 5.8%. The market is driven by lifestyles and dietary habits, and demand for convenient food at a low cost and longer shelf life.
Dried processed food products, like pasta and noodles are consumed in several countries as staple food. Hectic lifestyles and the need for leisure has propelled the need for convenient food products. Dried ready meals, dried noodles and pastas, and several other dried processed food products require less preparation time. Due to the growing health awareness, food manufacturers are concentrating on using natural food additives that are functional, have high effectiveness, and low toxicity in these dried food products. For example, Kraft Foods has announced that by 2016, its boxed noodles products would be colored with natural ingredients, such as annatto, paprika, and turmeric.
A large number of manufacturers are adding gluten-free offerings to their product portfolio on account of the growing awareness about celiac disease. For example, Alpineaire Foods offers gluten-free Spicy Sausage Pasta (Pork) and Beef Burrito Bowl.
Dried Pasta and Noodles Leading the Market Segment
During 2017, the dried pasta and noodles segment dominated the dried processed food market. It is followed by soups and ready meal. The key reason for the growth of dried noodles and pasta segment is their longer shelf life and convenience they offer while preparation. The products are prepared by spray dried, freeze dried, vacuum dried, sun dried, and hot air dried technologies. Constant innovations will propel the growth of this segment during the forecast period.
The global dried processed food market is dominated by North America, with 32% of the market share. North America is the largest consumer of dried processed food, due to high meat consumption habits in this region, the USA and Canada are the largest consumers. Europe is the second largest consumer of dried food products, some parts of Europe, like the UK, France, Germany, and Italy are substantial markets. In the Asia-Pacific region, China is the largest consumer and producer of dried processed food. The consumption of such products is also growing at a good rate in the developing countries of South America.
Most of the developed countries are home to numerous dried processed food products. Globally, there are many big and small players that are involved in the production of dried food products. The overall market is concentrated, as more than 50% the dried processed food market is controlled by top ten players, currently. The small and medium players are dealing in niche markets with private labels, which is a small part of the total dried food market. The market entry for new players is very difficult, due to alternatives available in the market. New product launches, innovative flavors, gluten-free products, and mergers and acquisitions with local players, have been strong business strategies for market growth.
Major players - AJINOMOTO CO. INC., CHINA NATIONAL CEREALS, GENERAL MILLS INC., HOUSE FOODS CORP, IMPULSE AND INDULGENCE PRODUCTS, JINMAILANG FOOD CO. LTD., J.M. SMUCKER CO., KRAFT FOODS INC., NESTLÉ, NISSIN FOOD HOLDINGS CO. LTD., UNILEVER LTD., among others.
Reasons to Purchase this Report
- Analyzing outlook of the market with the recent trends and Porters five forces analysis
- Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
- Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
- Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
- Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in excel)
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1.1 Key Deliverables of the study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach & Methodology
2.2 Research Designs
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modeling
2.4.4 Expert Validation
3. Key Findings
4. Market Dynamics
4.1.1 Rising Popularity of Ready-to-cook Foods
4.1.2 Demand of High Quality Convenience Food with Low Price and Longer Shelf-life
4.2.1 Loss of Nutrients and Original Taste of Products
4.2.2 High Manufacturing and Production Cost Involvement
4.3.1 Innovative Product Offerings
4.4 Porters Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Consumer Behavior Analysis
4.5.1 Consumer Demand Analysis
4.5.2 Target Market Identification
5. Market Segmentation
5.1 By Product Types
5.1.1 Pasta & Noodles
5.1.3 Ready Meals
5.1.4 Baby Food
5.2 By Distribution Channel
5.2.2 Convenience Store
5.2.3 Specialist Retailers
5.3 By Geography
5.3.1 North America
188.8.131.52 Rest of North America
184.108.40.206 Rest of Europe
220.127.116.11 Rest of Asia-Pacific
5.3.4 South America
18.104.22.168 Rest of South America
22.214.171.124 South Africa
126.96.36.199 Rest of Africa
6. Competitive Landscape
7. Company Profiles
7.1 Ajinomoto Co. Inc.
7.2 China National Cereals
7.3 General Mills Inc.
7.4 House Foods Corp
7.5 Impulse and Indulgence Products
7.6 Jinmailang Food Co. Ltd.
7.7 J.M. Smucker Co.
7.8 Kraft Foods Inc.
7.10 Nissin Food Holdings Co. Ltd.
7.11 Unilever Ltd.
- Ajinomoto Co. Inc.
- China National Cereals
- General Mills Inc.
- House Foods Corp
- Impulse and Indulgence Products
- Jinmailang Food Co. Ltd.
- J.M. Smucker Co.
- Kraft Foods Inc.
- Nissin Food Holdings Co. Ltd.
- Unilever Ltd.