DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/fk48hh/world_packaged) has announced the addition of the "World Packaged Food - Market Opportunities and Forecasts, 2014 - 2020" report to their offering.
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
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.
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 World Packaged Food Market By Product Type
Chapter 5 World Packaged Food Market By Geography
Chapter 6 Company Profiles
- 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
For more information visit http://www.researchandmarkets.com/research/fk48hh/world_packaged
