Asia Pacific (APAC) Food Processing Market (2020-2026) | Trends, Outlook, Value, Companies, COVID-19 IMPACT, Size, Forecast, Growth, Industry, Share, Revenue & Analysis

Asia Pacific food processing market is expected to register significant growth in the coming years due to an increase in demand for ready to eat food products and baby food products. Moreover, the constant increase in birth rate, population and convenience in lifestyle are some of the reasons that are fuelling the growth of processed food products in this region. Additionally, the factors that can constraints the growth in this sector are lack of infrastructure, rural transportation connectivity issue with the cities and towns, electricity supply issues and logistics issues. Moreover, the recent Covid-19 pandemic has adversely affected Asia Pacific food processing market. The recent lockdown in all Asia Pacific countries has resulted in the closing of several manufacturing plants, farmers & fishermen losing their customers and labours being laid off leading to downfall in the industry for a short period. However, it is expected that by 2021 the industry will pick up the growth pace again.

According to 6Wresearch, Asia Pacific (APAC) Food Processing Market size is anticipated to register growth during 2020-26. India and China are projected to be the fastest-growing food processing market. The key factor behind the rapid growth is the constant increase in the birth rate in India and the massive population in China. Moreover, it is projected that by 2050, the main Asia Pacific countries including India, China, Indonesia, the Philippines and Pakistan alone will account for fifty per cent of the world’s population. Hence, this will lead to a shift in the manufacturing and processing units to these countries to meet up with the demand. Additionally, the rise in disposable income among the middle class in countries like China, India and Indonesia & with an influence from the western market especially in India is shifting the consumer preference towards the packaged food products. Moreover, the consumer is inclining towards more to vegan food products (in different countries and India having vast vegetarian consumers) due to being considered healthy & nutritious hence, allowing the local players to innovate new vegan products. Further, due to the Covid-19 pandemic, several countries including China, India, Japan, Indonesia and South Korea have implemented new laws & regulations to monitor the safety and quality of processed food products. Additionally, Food safety law, food sanitation law and food packaging law are the common food regulation followed across the region. For instance, the India Food Safety and Standard Authority of India (FSSAI) announced new food packaging regulations so that manufacturers will use high-quality material to pack a product. Moreover, several mergers & acquisitions took place in early 2020.

The food processing market looks favourable with opportunities in various industries such as baby food products, beverages & snacks, canned & frozen fruits and vegetables, dairy, frozen meat & poultry. According to the type, the food processing market is divided into three groups is Primary, Secondary and Tertiary food processing. Whereas, according to its application, it is divided into various categories mainly vegetable oil, fruits & vegetables, beverages, puffed food, Aquatic Product Processing and others. Further, the processed fruits and vegetable segment is expected to register the highest growth due to people favouring vegan food over meat products. Some of the key players in Asia- Pacific markets are Frito-Lay, Nestle, General Mills, Kellogg’s, Smithfield Food Inc, ConAgra foods, ITC limited and Kraft Foods Group.

Asia- Pacific food processing market report thoroughly covers the market by product type, Application and key countries including India, China, Japan, South Korea and the rest of Asia Pacific. The market outlook report provides an unbiased and detailed analysis of the on-going market trends in Asian countries, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights

• Asia Pacific Food Processing Market Outlook
• Asia Pacific Food Processing Market Overview
• Asia Pacific Food Processing Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Asia Pacific Food Processing Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Application
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Types
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for India Food Processing Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for China Food Processing Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Japan Food Processing Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for South Korea Food Processing Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Rest of Asia Pacific Food Processing Market
• Market Drivers and Restraints
• Asia Pacific Food Processing Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Asia Pacific Food Processing Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Type:
• Primary Food Processing
• Secondary Food Processing
• Tertiary Food Processing
• By Application:
• Vegetable Oil
• Drink
• Puffed Food
• Fruits and Vegetables
• Aquatic Food Processing
• Others
• By Countries:
• India
• China
• Japan
• South Korea
• Rest of Asia Pacific

Asia Pacific food processing market is expected to register significant growth in the coming years due to an increase in demand for ready to eat food products and baby food products. Moreover, the constant increase in birth rate, population and convenience in lifestyle are some of the reasons that are fuelling the growth of processed food products in this region. Additionally, the factors that can constraints the growth in this sector are lack of infrastructure, rural transportation connectivity issue with the cities and towns, electricity supply issues and logistics issues. Moreover, the recent Covid-19 pandemic has adversely affected Asia Pacific food processing market. The recent lockdown in all Asia Pacific countries has resulted in the closing of several manufacturing plants, farmers & fishermen losing their customers and labours being laid off leading to downfall in the industry for a short period. However, it is expected that by 2021 the industry will pick up the growth pace again.

According to 6Wresearch, Asia Pacific (APAC) Food Processing Market size is anticipated to register growth during 2020-26. India and China are projected to be the fastest-growing food processing market. The key factor behind the rapid growth is the constant increase in the birth rate in India and the massive population in China. Moreover, it is projected that by 2050, the main Asia Pacific countries including India, China, Indonesia, the Philippines and Pakistan alone will account for fifty per cent of the world’s population. Hence, this will lead to a shift in the manufacturing and processing units to these countries to meet up with the demand. Additionally, the rise in disposable income among the middle class in countries like China, India and Indonesia & with an influence from the western market especially in India is shifting the consumer preference towards the packaged food products. Moreover, the consumer is inclining towards more to vegan food products (in different countries and India having vast vegetarian consumers) due to being considered healthy & nutritious hence, allowing the local players to innovate new vegan products. Further, due to the Covid-19 pandemic, several countries including China, India, Japan, Indonesia and South Korea have implemented new laws & regulations to monitor the safety and quality of processed food products. Additionally, Food safety law, food sanitation law and food packaging law are the common food regulation followed across the region. For instance, the India Food Safety and Standard Authority of India (FSSAI) announced new food packaging regulations so that manufacturers will use high-quality material to pack a product. Moreover, several mergers & acquisitions took place in early 2020.

The food processing market looks favourable with opportunities in various industries such as baby food products, beverages & snacks, canned & frozen fruits and vegetables, dairy, frozen meat & poultry. According to the type, the food processing market is divided into three groups is Primary, Secondary and Tertiary food processing. Whereas, according to its application, it is divided into various categories mainly vegetable oil, fruits & vegetables, beverages, puffed food, Aquatic Product Processing and others. Further, the processed fruits and vegetable segment is expected to register the highest growth due to people favouring vegan food over meat products. Some of the key players in Asia- Pacific markets are Frito-Lay, Nestle, General Mills, Kellogg’s, Smithfield Food Inc, ConAgra foods, ITC limited and Kraft Foods Group.

Asia- Pacific food processing market report thoroughly covers the market by product type, Application and key countries including India, China, Japan, South Korea and the rest of Asia Pacific. The market outlook report provides an unbiased and detailed analysis of the on-going market trends in Asian countries, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights

• Asia Pacific Food Processing Market Outlook
• Asia Pacific Food Processing Market Overview
• Asia Pacific Food Processing Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Asia Pacific Food Processing Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Application
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Types
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for India Food Processing Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for China Food Processing Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Japan Food Processing Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for South Korea Food Processing Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Rest of Asia Pacific Food Processing Market
• Market Drivers and Restraints
• Asia Pacific Food Processing Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Asia Pacific Food Processing Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Type:
• Primary Food Processing
• Secondary Food Processing
• Tertiary Food Processing
• By Application:
• Vegetable Oil
• Drink
• Puffed Food
• Fruits and Vegetables
• Aquatic Food Processing
• Others
• By Countries:
• India
• China
• Japan
• South Korea
• Rest of Asia Pacific

The Asia Pacific (APAC) food processing market is growing due to rising incidences of chronic diseases and increasing awareness about the importance of a healthy diet. The food processing market comprises of various stages such as raw material procurement, food production, storage, distribution, end use and disposal. Additionally, the primary drivers for this growth are increasing population, rising disposable incomes, and a growing appetite for exotic foods. The food processing industry comprises various segments such as fresh produce, meat, bakery products, seafood, and others. Further, the food processing industry is constantly evolving to meet the needs of consumers. In response to changing eating habits, companies are developing new food processing methods and products. This has led to an increase in the demand for food processing technologies and services. Food processors are also investing in new facilities and technologies to improve their efficiency and product quality. However, the main challenges are the high capital investment, the lack of skilled workers and operators, and the need for innovative technology. In addition, there is a need for better quality food products to meet consumer demand.