DUBLIN--(BUSINESS WIRE)--The "Global Private Label Food and Beverages Market 2017-2021" report has been added to Research and Markets' offering.
The global private label food and beverages market is forecast to grow at a CAGR of 7.26% during the period 2017-2021.
The report, Global Private Label Food and Beverages Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
The latest trend gaining momentum in the market is the growing digitization of private label. With the increasing competition, retailers are taking greater initiatives and efforts to promote their products by using modern technology and digitization. The Internet has become an ideal platform to promote and sell their products. Thus, business hubs like Amazon and other similar portals are providing platforms where customers are providing platforms to purchase brand products that are not just private label products. Thus, private label business is widening to cater to the needs of online consumers.
According to the report, one of the major drivers for this market is the affordable price of private label products. Private label products are less expensive than their branded counterparts. These products are manufactured by outsourcing or by third party manufacturers. In addition, the marketing costs incurred on these products range from zero to minimal. Thus, the overall costs of private label products are lesser than other products. The price of national brands is usually 25%-30% more than the private labeled food products. The cost of logistics and material handling is also minimal in private label food and beverages. Consumers are price sensitive for most of the food and beverage products that are available in the market.
- Growing digitization of private label.
- Increasing development of new packaging.
- Rising focus on health and wellness.
- Trader Joe's
- Walmart Stores
- Wegmans Food Markets
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Product
Part 07: Market Segmentation By Distribution Channel
Part 08: Regional Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/zbc7x6/global_private