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Food Processing Industry In Asia Pacific 2005
Market Report, September 2005, 2140 €
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In the light of rapid industrialization and an increased urbane value that swept the Asian economy, consumer habits have evolved for mass value-added food products. Consequently, food manufacturers are concentrating to produce novel products to meet consumer requirement for convenience and thus usurped an increased demand for better food handling, processing and packaging units, across the region.Catering to a large population of approximately 3.6billion and a prominent export market for the Western world, food production and processing units are largely luring investors for better business opportunities. Independent sources estimated that the market for Asian Food Processing sector, is expected to proliferate rapidly at a rate of 12-15% per annum for the next 5 years. Driven largely by changes in trade regulations and heightened awareness for consumer products, demand for healthier food products, bottled water, juice-based drinks, herbal tea, organic foods, low fat dairy products, and fortified drinks directing the flow of FDI in Asia Pacific. Further, open trading environment that swept Asia Pacific in recent years has stimulated extensive use of imported equipments and better technology by the food processing industry, enabling experimentation in and introduction of a variety of new processed products to the market, such as prepared frozen foods, processed meats and beverages.The highly concentrated industry, as per research still dominated largely by Australian manufacturers gaining the reputation for producing high quality, premium services and committed to highest international standards of quality management and food safety. In addition, growing numbers of biotech firms within the region further benefited the food processing market in Australia, valued at US$65.9billion in 2004-05. The export market in the region is also expected to provide food and beverage manufacturers with an increasing number of opportunities throughout 2004 that is expected to grow further 13% by the end of 2007.Elsewhere in the region, both China and India, which together comprises largest numbers of consumers for processed food worldwide, are expected to show strong growth due to changing food patterns and income value among their consumers. However, the magnitude of proliferation is a critical factor in improving both land and labor productivity in South Asian and Pacific regions for new food processing units.RNCOS’s market research report “Food Processing Industry —Asia Pacific (2005)” penetrates in to the Asia-Pacific region and discusses about availability of raw materials, changing lifestyles and flexible trade regulations that has been the driving force for the industry's growth within the region. The report further assesses the production and demand growth by country and units of sales to give you a clear understanding on the impending growth options available for the marketers. Market drivers and opportunities in the region are also discussed in details.REPORT HIGHLIGHTS- A comparative study of global food processing market vis-à-vis Asia Pacific. - Provides country wise estimate for Processed Food and Beverages (2004/05)- Assessment of changes in Food and Agricultural Import Regulations and Standards, among the leading Asian countries- Statistical summation of total Import and Export carried within the region and analyze the regulatory changes involved - Identifies the Market Drivers of Food Processing Industry in Asia Pacific - Analyzing the overall Investment Opportunities and sectors of growth - Challenges and Threats to the Food Processing Market in Asia PacificREPORT FEATURESThe changes in food consumption patterns are largely driven by income growth and demographic factors, particularly lifestyle changes brought about by urbanization, away-from-home employment of women, and increased levels of information. Chapter 2 of this report deals with the comparison of growth of the Food Processing Industry in Asia Pacific with the rest of the world. Chapter 3 provides latest data and information on major countries. These data includes general industry profile, production and demand analysis of raw materials, and future prospect of the market. Chapter 4 and 5 talks about the overall investment climate and market drivers in the Asia Pacific region. |
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