(Food-Beverage-News.Com, February 06, 2018 ) According to the report Asia Pacific Dried Processed Food Market, published by Market Data Forecast, the Asia Pacific market is projected to reach USD 71 billion by 2022, at a CAGR of 6.41% from 2017 to 2022.
Food devoid of moisture inhibits bacterial growth. Thus it can be preserved this way. This method of preservation is centuries old. Many dried and processed foods have been widely accepted by the consumers to the extent that they now form an integral part of their diet. USP of these foods is that they are convenient to cook.
Asia Pacific Dried Processed Food Market: Drivers & Restraints Paradigm shift from traditionally cooked foods to ready-to-eat foods due to changing lifestyles as more and more people are becoming workaholic, longer shelf lives, and cheap price, are the primary drivers of market growth. Rising costs of production and processing, loss of taste and some nutritional values while processing are the primary inhibitors of market growth.
Asia Pacific Dried Processed Food Market: Segmentation By Drying Technology Freeze Dried Spray Dried Sun Dried Vacuum Dried Hot Air Dried Other Drying Technologies By Product Types Dried Soup Pasta and Noodles Dried Ready Meals Dessert Mixes Other Product Types By Geography Asia-Pacific o China o India o Japan o Australia o South Korea
Asia Pacific Dried Processed Food Market: Overview If we go by product then pasta and noodles was the market leader last year and is expected to retain its lead in the aforementioned forecast period. Dried soup market sub-segment was a close second and is expected to bridge the gap by the end of 2022.
Asia Pacific is predicted to grow with the highest CAGR in the aforementioned forecast period. It is also third in line if we go by market share. Paradigm shift in lifestyle choices is the reason attributable to the observable trend mentioned above.
Asia Pacific Dried Processed Food Market: Key Players Key players in the market include Ajinomoto, Kraft, Heinz, Nestlι, Nissin Foods, Unilever, Acecook Vietnam. Other players in the market include B&G Foods, Campbell, CJ Group and ConAgra Foods.
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