A recent report published by Infinium Global Research on packaged food private label market provides in depth analysis of segments and sub-segments in global as well as regional packaged food private label market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional packaged food private label market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global packaged food private label market. According to report the global packaged food private label market is projected to grow at a CAGR of 3.5% over the forecast period of 2018-2024.
The developed regions such as Europe and North America have experienced rise in private label brands over the past couple of years, while emerging markets of Asia-Pacific are now experiencing rise in number of private labels. Several large players such as Wal-Mart and Costco among others continue to sell their own brands, this has not only set a trend in the food retail industry but also has set up an example for the several mid-sized retailers. Globally, the rise in private label brands is driven by cost differences between premium brands and private labels, rise in number of customer walk-in to supermarkets and hypermarkets, and increasing marketing campaigns for private labels. On the other hand, consumer preferences to buy branded/leading brand’s products couple with heavy discount campaigns by mainstream brands are likely to restrain the growth in the private label packaged food market. The use of digital platforms and growing online presence of large retailers is likely to provide opportunities for the players packaged food private label market.
The report on global packaged food private label market covers segments such as, product type and distribution channel. On the basis of product type the global packaged food private label market is categorized into ingredients and extracts, sweet and savory snacks, bakery and confectionery, oils and fats, dairy and dairy product, beverages, sauces and dressings and others. On the basis of distribution channel the global packaged food private label market is categorized into supermarkets/hypermarkets, online/e-retails and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2016-2024. Among the regions, North America dominated the global packaged food private label market, while Asia-Pacific region is projected to grow at the swiftest CAGR over the forecast period. The markets in Europe and North America regions are likely to reach consolidation stage and the growth in these regions is likely to be relatively slower than the same in the developing markets.
Figure: Global Packaged Food Private Label Market by Region, CAGR % 2018-2024
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China.
The report provides profiles of the companies in the global packaged food private label market such as, Cargill Inc, Kroger, Wallmart, Costco, Reliance retail, Trader Joes, Algood Food Company, Attune Foods LLC, Archer Farms and Other companies.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global packaged food private label market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of packaged food private label market.
Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the packaged food private label market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the packaged food private label market to understand the present and future trends in this market and formulate their strategies accordingly.
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