According to analysts at Technavio, the global dried processed food market is expected to grow at a CAGR of over 6% by 2020. This is due a few different factors, including a demand for convenience foods as well as the fact that processed foods like pasta are staples for several countries around the world. With increasing health consciousness and dietary restrictions, vendors in the global dried processed food market are having to adapt by providing options that are not only flavorful and simple to prepare, but also provide the proper nutritional value. Competition is all about building a solid product portfolio with enough options to accommodate various needs, including gluten free diets.
In this blog, we identify some of the key and prominent vendors in the market.
Key vendors
Ajinomoto
Ajinomoto Co., Inc. is a Japanese food and chemical corporation that produces seasonings, cooking oils, dried fruits and nuts, TV dinners, sweeteners, amino acids, and pharmaceuticals. It is the world’s largest producer of aspartame. With its headquarters in Tokyo, Ajinomoto operates in 26 countries, employing around 27,518 people as of 2013.
Nissin
Nissin Foods is a Japanese company that has pioneered the creation and sales of instant noodles. The company introduced the first instant ramen noodle product, Chikin Ramen (Chicken Ramen), in 1958. Nissin established a US subsidiary in 1970 and sold instant ramen noodle products under the name Top Ramen. Nissin Foods has its headquarters in Osaka.
Kraft Heinz
The Kraft Heinz Company is an American worldwide food company formed by the merger of Kraft Foods and Heinz. The Kraft Heinz Company now has 27 brands that cover a wide range of food and beverage products, including condiments, nuts, juices, sauces, and dairy items.
Nestlé
Nestlé S.A. is a Swiss transnational food and drink company headquartered in Switzerland. It is the largest food company in the world measured by revenues. Nestlé’s products include baby food, medical food, bottled water, breakfast cereals, coffee and tea, confectionery, dairy products, ice cream, frozen food, pet foods, and snacks. Nestlé has 447 factories, operates in 194 countries, and employs around 339,000 people. It is one of the main shareholders of L’Oreal, the world’s largest cosmetics company.
Unilever
Unilever is a British-Dutch multinational consumer goods company co-headquartered in the Netherlands and London. Its products include food, beverages, cleaning agents and personal care products. It is the world’s third-largest consumer goods company after Procter & Gamble and Nestlé. It is one of the oldest multinational companies and owns over 400 brands, and its products are available in approximately 190 countries.
Other prominent vendors
Acecook Vietnam
Since its inception in 1995, Acecook Vietnam Joint Stock Company has been developing dramatically and has become a leading manufacturer of foodstuffs in Vietnam. Acecook Vietnam attained a strong position in the market by providing instant processed products with high quality and nutritional values. The company offers instant noodles, instant vermicelli, instant rice noodles and vermicelli, and dried noodles, as well as other packaged foods.
B&G Foods
B&G Foods, Inc. and its subsidiaries manufacture, sell and distribute a diversified portfolio of high-quality, branded shelf-stable foods across the United States, Canada and Puerto Rico. Based in New Jersey, B&G Foods’ products are marketed under many recognized brands. B&G Foods also sells and distributes Static Guard, a household product brand.
Campbell
The Campbell Soup Company, also known as Campbell’s, is an American producer of canned soups and related products. Campbell’s products are sold in 120 countries around the world. Campbell’s has three divisions: the simple meals division, which consists of both condensed and ready-to-serve soups, the baked snacks division, which consists of Pepperidge Farm, and the health beverage division, which includes V8 juices.
ConAgra Foods
ConAgra Foods, Inc., together with its subsidiaries, operates as a food company in North America. The company has two segments: Consumer Foods and Commercial Foods. The Consumer Foods segment primarily sells branded food in various categories, including meals, entrees, condiments, pasta, sides, snacks, and desserts in various retail channels.
General Mills
General Mills, Inc., is an American multinational manufacturer and marketer of branded consumer foods sold through retail stores. The company markets many well-known brands such as Betty Crocker, Yoplait, Colombo, Totino’s, Pillsbury, Green Giant, Old El Paso, Häagen-Dazs, Cheerios, Trix, Cocoa Puffs, and Lucky Charms. Its brand portfolio includes more than 89 other leading U.S. brands and numerous category leaders around the world.
Hain Celestial
The Hain Celestial Group, headquartered in Lake Success, NY, is a leading organic and natural products company with operations in North America, Europe and India. Hain Celestial participates in almost all natural categories with well-known brands that include Soy Dream, Westbrae Natural, and WestSoy.
ITC
ITC is one of India’s foremost multi-business enterprises, with a market capitalisation of US $40 billion and a turnover of US $8 billion. ITC is rated among the World’s Best Big Companies, Asia’s ‘Fab 50’ and the World’s Most Reputable Companies by Forbes magazine. ITC’s Branded Packaged Foods business is one of the fastest growing foods businesses in India, driven by its popular brands – Aashirvaad, Sunfeast, Bingo!, Yippee!, Kitchens of India, B Natural, mint-o, Candyman and GumOn.
Want to find out which other companies made the list? Looking for more in-depth market analysis?
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