Key vendors to strategically increase their sales through pro shops retail format
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global dried processed food market in their latest research report. This report also lists 14 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated through the sales of dried processed food in the key geographical regions.
This Technavio report, under the food vertical, is based on the synthesis, analysis, and interpretation of information about the global dried processed food market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The global dried processed food market is characterized by changing consumer demands at regional and international levels. Manufacturer performance works in tandem with the changing consumer spending pattern, annual household incomes of the consumer, local consumer tastes, and demographic trends. The global market for dried and processed food is highly dispersed and fragmented in nature due to the presence of numerous small and large players both at regional and international levels. Factors such as brand value, product portfolio, pricing, and other such differentiating factors help vendors in the market gain the upper hand in the highly competitive market.
“Vendors in the global market space for dried processed food are focusing increasingly on innovating their packaging. Good packaging not only provides better protection and tampering resistance but can also be used for marketing purposes. Manufacturers in the market are adopting innovative packaging in an attempt to increase the shelf life of their products and expand their consumer base. Stand-up pouches are being adopted by several vendors owing to advantages such as ease and flexibility,” says Sharan Raj, a lead analyst at Technavio for food.
Top five vendors in the dried processed food market space
Ajinomoto
Ajinomoto engages in the production and supply of a variety of seasonings, processed foods, and frozen foods. The company operates through five key business segments that include overseas food products, domestic food products, bioscience products and fine chemicals, pharmaceuticals, and others. The overseas food products segments offer consumer food products and umami seasonings for processed food manufacturers. The company offers dried processed food through its various brands.
Key products: Cooking condiments, Amino acid-based granules, Prepared frozen foods, and Dehydrated soup.
Kraft Heinz
Kraft Heinz produces and sells food and beverage products, including cheese, meats, refreshments beverages, coffees, and packaged dinner. On July 2, 2015, the company announced the merger of the H.J. Heinz Holding (a company that offers infant nutrition, sauces, soups, snacks, meals, and ketchup) and Kraft Foods Group (a packaged food and beverage company). Through the acquisition, the company became the third-largest player in the North American market in the food and beverages sector. The company trades products through the brand names Kraft, Heinz, Lunchables, ABC, Classico, Weight Watchers Smart Ones, Maxwell House, Ore-Ida, Philadelphia, Jell-O, Kool-Aid, Capri Sun, Planters, Plasmon, Oscar Mayer, Quero, and Velveeta. It offers vinegar under the division named HEINZ vinegar.
Key products: Cup soups and Noodle soups.
Nestlé
Nestlé along with its subsidiaries develops, produces, markets, and retails food and beverages globally. The company operates in 197 countries. The company functions in the dried and processed food market through its product offerings under the brand name Maggi.
Key products: Dried soup, Noodles, and Pasta.
Nissin Foods Holdings
Nissin Foods Holdings offers various products in the food services, chilled food, frozen, confectionery, instant noodles, and beverages segments. The company was the first pioneer in introducing the concept of instant noodles concept in the global market. The two key business segments of the company include domestic sales and overseas sales.
Key products: Instant noodles.
Unilever
Unilever manufactures and sells products under various segments such as food, beverages, cleaning agents, and personal care products. As of December 2015, the company registered a total revenue of more than $59 billion. Some of the company’s major brands include Pureit, Sunlight, Pond’s, and Lifebuoy. The company retails its products in more than 190 countries and serves more than two billion consumers every day. The company has 13 brands in its portfolio.
Key products: Dehydrated soups and condiments.
Other prominent vendors in this market include Acecook Vietnam, B&G Foods, Campbell, CJ Group, ConAgra Foods, General Mills, Hain Celestial, House Foods Group, ITC, Masan Consumer, Ottogi Foods, Symington’s, Ting Hsin International Group, and Toyo Suisan.
A more detailed analysis is available in the Technavio report, Global Dried Processed Food Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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Browse related reports:
- Global Dried Soup Market 2016-2020
- Global Pasta and Noodles Market 2016-2020
- Global Dairy Whiteners Market 2016-2020
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