Dried Processed Food Market - Growth, Trends, and Forecasts (2020 - 2025)

The global dried processed food market is expected to register a CAGR of 5.1%.

The market is driven by lifestyles and dietary habits, and demand for convenient food at a low cost and longer shelf life. Moreover, the high nutritional contents of the dried processed food products have attracted the attention of several health-conscious consumers worldwide, as it can be consumed during any hour of the day. Furthermore, increasing preference for gluten-free foods and organic processed food owing to health concerns is likely to drive the market for the dried processed food market worldwide.

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.

Key Market Trends

Strategic Inclination towards Healthy Processed Food

Dried processed food products, like pasta and noodles, are consumed in several countries as a staple food. Hectic lifestyles and the need for leisure has propelled the need for convenient food products. Dried ready meals, dried noodles and pasta, 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 organic, 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.

Increasing Penetration of Processed Food Globally

The global dried processed food market is dominated by North America, as it 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. The higher the level of processing, the higher the level of product differentiation, can be attributed to a very sophisticated research and development capability in these developing countries. Dried processed food manufacturers in these countries are able to discover what consumers want and deliver them with the product characteristics that consumers prefer.

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.

Competitive Landscape

Globally, there are many big and small players that are involved in the production of dried food products. The overall market is a competitive market, but some of the major players current;y currently operating in the market are Campbell Soup Company, Nestle SA, Unilever, General Mills Inc, and others. New product launches, innovative flavors, gluten-free products, and mergers and acquisitions with local players, have been strong business strategies for market growth.

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