Market Size of Dried Processed Food Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.10 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Dried Processed Food Market Analysis
The global dried processed food market is expected to register a CAGR of 5.1%.
The market is driven by lifestyles and dietary habits, and demand for convenient food at a low cost and longer shelf life. Moreover, the high nutritional contents of the dried processed food products have attracted the attention of several health-conscious consumers worldwide, as it can be consumed during any hour of the day. Furthermore, increasing preference for gluten-free foods and organic processed food owing to health concerns is likely to drive the market for the dried processed food market worldwide.
A large number of manufacturers are adding gluten-free offerings to their product portfolio on account of the growing awareness about celiac disease. For example, Alpineaire Foods offers gluten-free Spicy Sausage Pasta (Pork) and Beef Burrito Bowl.
Dried Processed Food Industry Segmentation
The ready meals market is segmented by product type into pasta & noodles, soup, ready meals, baby food, and others. By distribution channel, the market is fragmented into supermarkets/ hypermarkets, convenience stores, online retailers, other distribution channels. The regional analysis of the market has also been included in the report.
By Product Type | |
Pasta & Noodles | |
Soup | |
Ready Meals | |
Baby Food | |
Others |
By Distribution Channel | |
Supermarkets/Hypermarkets | |
Convenience Stores | |
Online Retail Channels | |
Others |
Dried Processed Food Market Size Summary
The dried processed food market is experiencing significant growth, driven by changing lifestyles and dietary preferences that favor convenience, cost-effectiveness, and extended shelf life. The increasing demand for nutritious options has attracted health-conscious consumers, with a notable shift towards gluten-free and organic products due to rising health concerns. Manufacturers are responding by expanding their product lines to include gluten-free offerings, catering to the growing awareness of celiac disease. The market is characterized by a variety of products such as dried ready meals, noodles, and pasta, which are popular for their quick preparation time, aligning with the fast-paced lifestyles of consumers. The use of natural and organic food additives is also on the rise, as companies strive to meet the demand for healthier food options.
Regionally, North America leads the market, with the United States and Canada being the largest consumers, largely due to their high meat consumption. Europe follows as the second-largest market, with significant consumption in countries like the UK, France, Germany, and Italy. The Asia-Pacific region, particularly China, is notable for both consumption and production of dried processed foods, with growing markets in developing South American countries. The competitive landscape features numerous players, both large and small, with major companies like Campbell Soup Company, Nestle SA, and Unilever driving market growth through new product launches, innovative flavors, and strategic mergers and acquisitions.
Dried Processed Food Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Pasta & Noodles
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2.1.2 Soup
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2.1.3 Ready Meals
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2.1.4 Baby Food
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2.1.5 Others
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2.2 By Distribution Channel
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2.2.1 Supermarkets/Hypermarkets
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2.2.2 Convenience Stores
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2.2.3 Online Retail Channels
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2.2.4 Others
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Dried Processed Food Market Size FAQs
What is the current Dried Processed Food Market size?
The Dried Processed Food Market is projected to register a CAGR of 5.10% during the forecast period (2024-2029)
Who are the key players in Dried Processed Food Market?
Campbell Soup Company, Nesle SA, Unilever, The Kraft Heinz Company and The J.M. Smucker Company are the major companies operating in the Dried Processed Food Market.