Jun 4, 2020   SOURCE: BusinessWire

Global Dried Processed Food Industry (2019 to 2027) - Market Trajectory & Analytics - ResearchAndMarkets.com

The "Dried Processed Food - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis and the looming economic recession, the Dried Processed Food market worldwide will grow by a projected US $105 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 4.6%.

The global analysis and forecast periods covered are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.

Dried Soup, one of the segments analyzed and sized in this study, is forecast to grow at over 5.1% and reach a market size of US $106.9 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Dried Soup market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 3.6% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US $3.1 Billion to the region's size over the next 7 to 8 years. In addition, over US $3.1 Billion worth of projected demand in the region will come from Rest of European markets. In Japan, the Dried Soup segment will reach a market size of US $4 Billion by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Dried Processed Food market.

Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 7.8% over the next couple of years and add approximately US $29.1 Billion in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Dried Processed Food market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others are:

  • Ajinomoto Co., Inc.
  • B&G Foods, Inc.
  • CJ CheilJedang Corporation
  • Conagra Brands, Inc.
  • General Mills, Inc.
  • ITC Ltd.
  • Nestec, Inc.
  • Symington's Ltd.
  • The Hain Celestial Group, Inc.
  • The Kraft Heinz Company
  • Toyo Suisan Kikai Co., Ltd.
  • Unilever PLC

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Dried Processed Food Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Increasing Consumption of Ready to Eat and Convenience Food Shapes Market Growth
  • Dried Pasta and Noodles Dominate Market Growth
  • Competitive Landscape
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Changing Purchase Patterns of Consumers and Hectic Lifestyles Bodes Well for Market Expansion
  • Millennials Push Demand for Ready to Consume Food Products, Driving Market Growth
  • As More Millennials Join the Global Workforce, Heightened Demand for Ready to Consume Food Boosts Market Prospects: Percentage (In %) Breakdown of Global Workforce by Generation for the Year 2020
  • High Consumption in Fast Growing Economies Presents Lucrative Growth Opportunities
  • Rapid Urbanization and Flourishing Middle Class Population in Asia Pacific Drives Consumption: Global Middle Class Population & Spending (In Million & US$ Billion) for the Years 2020, 2025, 2030
  • Leading Consumers of Instant Noodles by Per Capita Consumption (In Servings)
  • Growing Health Awareness and Demand for Gluten-Free Products Creates New Revenue Opportunities
  • Global Gluten-Free Food Market (In US$ Billion) for the Years 2019, 2021, 2023 and 2025
  • Innovative Product Offerings to Augment Market Prospects
  • New Packaging Technologies Shed Focus on Product Differentiation

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 47

For more information about this report visit https://www.researchandmarkets.com/r/9nze4f