Latin America Dried Processed Food Market Analysis of Top Key Player Forecasts T
Posted by MDFtrends on November 13th, 2017
The Latin America Dried Processed Food Market was worth USD 29 billion in 2016 and estimated to be growing at a CAGR of 5.23%, to reach USD 37 billion by 2021. Food preservation by drying of food is inhibits the growth of bacteria since water is removed from it, and this method has been used from many centuries for preserving food. This market is primarily driven by busy lifestyles which primarily solves the purpose of convenience of food preparation.
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Dried processed foods like noodles and pasta are staple foods in many countries around the globe. Need for leisure and busy lifestyles of consumers has driven the use of such convenience foods like dried pasta and noodles, dried ready meals and several other dried processed foods which require less time for preparation. These dried foods have unique flavour and taste, good nutritional value, and high convenience which makes them an important diet in people.
The driving factors of Latin America dried processed food market are longer shelf-life, rising popularity of ready-to-cook foods, demand of high-quality convenience foods, changing lifestyles and dietary habits and low price. The key restraints faced by this market are high manufacturing and production cost involvement and loss of nutrients as well the lost original taste of products.
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The dried processed food market is divided on the basis of drying technology into freeze dried, spray dried, sun dried, Vacuum dried, hot air dried and others. On the basis of product types, the market is segmented into dried soup, pasta and noodles, dried ready meals, dessert mixes and others. In the Latin America market, pasta and noodles segment has the largest market share which is followed by dried soup.
The Latin America Dried Processed Food market is divided based on geography into Brazil, Argentina, Chile, Peru and other parts of the region. Factors such as need for leisure and busy lifestyles of consumers is expected to propel the market growth in the region.
Some of the major players in the market include Ajinomoto, Kraft, Heinz, Nestlé, Nissin Foods, Unilever, Acecook Vietnam, B&G Foods, Campbell, CJ Group and ConAgra Foods among others.
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