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Published:April2013 ReportCode:FB001 Pages:260 Charts:159 Price:Sample Thereportreviews,analyzesandprojectstheglobal marketforfoodfortheperiod2010-2020 2013alrightsreserved
GLOBAL MARKET PERSPECTIVE INTRODUCTION Though tastes of consumers as regards food are highly varying, there is hardly any difference in the qualities that they value. Topping the list of consumer demands for foods and packaging are freshness, ingredients of superior quality, convenience and eco-friendliness. The humble can is able to provide all of these, though consumer perception regarding the same is very low. For instance, convenience offered by canned foods is highly valued by consumers, but other benefits, such as health and nutritional advantages are often ignored. Today s consumer is gaining an insight into the role played by nutritious foods to maintain a healthy lifestyle, with health-conscious diets becoming more common and driving the demand for the most nutritious food on offer. For the global canned food industry, convenience has been the buzzword that has resulted in increasing demand ever since foods were introduced in cans. Processed foods available in cans have revolutionized the food industry, offering enhanced shelf life and varieties of products, keeping in view the specific requirements of consumers. Global demand for Food is slated to post a CAGR of about x.x% between 2010 and 2020 in terms of value to reach a projected US$xx.x billion by 2020 from an estimated US$xx.x billion in 2013. The developing economies of Asia-Pacific and South America are expected to foster growth, and canned foods offer very convenient meal options for the working classes of these regions. Time and effort required in preparing a meal is cut down drastically, and choices on offer are aplenty to suit every appetite and palate. The evolution of canning has been steeped in history, and though, as a rule, wars between nations are considered to bring suffering to the general populace, it was one of these very wars that led to the development of canned foods. Virtually any type of foods, be they meats, fish and seafood, fruits and vegetables render themselves easy for canning, which speaks volumes about this procedure s versatility. This comprehensive report provides an in depth analysis of the global market for canned food. Rich statistical analysis is carried out for the global and the regional markets including the North America (United States, Canada and Mexico), Europe (Germany, Spain, United Kingdom, Italy, Russia, Poland, Hungary and Rest of Europe), Asia- Pacific (Australia, China, India, Japan, The Philippines, Thailand, South Korea, Vietnam and Rest of Asia-Pacific), South America (Argentina, Brazil, Chile, Colombia, Peru, Venezuela and Rest of South America) and Rest of World. The major canned food segments analyzed in this study comprise Cooking Sauces, Desserts, Fish/Seafood, Fruits, Meat, Pasta & Noodles, Soups and Vegetables. The study reviews, analyzes and projects the global market for canned foods for the period 2010-2020 and includes 159 rich data tables, supported with meaningful and easy to understand graphical presentation, of market numbers. The statistical tables represent the data for the global market value by geographic regions and the product segments. The report covers the profiles of 13 key global players and 51 major players for North America 18; Europe 13; Asia-Pacific 15; South America 2; and Rest of World 3. The report also provides the listing of the companies engaged in manufacturing and the supply of canned food. The global list covers addresses, contact numbers and the website addresses of 703 companies. Food A Global Market Overview -1-
Types of Foods The following table lists out the various categories of canned food and the major types of products that are available in canned format: Food Category Cooking Sauces Desserts Fish/Seafood Fruits Meat Pasta & Noodles Soups Vegetables Product Types Tomato Purees and Pastes, Pasta Sauces, Hot Dog Chile Sauces, and BBQ Sauces Sweetmeats, Rice Pudding, Rasgulla (Indian dessert), Custards, and Dairy-Based Desserts Salmon, Sardines, Tuna, Mackerel, Mud Carp, Mussels, Squid, Oysters, Clams, Herring, Anchovies, Liver Pate, Gefilte Fish, Sprats, Whitefish, Pike, and Lumpfish Peaches, Pears, Apricots, Cherries, Pineapples, Grapes, Strawberries, Blueberries, Lychees, Raspberries, Lingonberries, Kiwifruit, Blackberries, Gooseberries, Papayas, Boysenberries, Grapefruit, Nectarines, Mandarins, Mangoes, Citrus Fruits, Apples, Applesauce, Plums, and Fruit Mixtures Beef, Pork, Poultry, Lamb, Ham, Vienna Sausages, Corned Beef, Ground Beef, Roast Beef, Luncheon Meats, Turkey, and Barbeque Pork Spaghetti, Ravioli, and Noodles Tomato, Vegetable, Mushroom, and Chicken Asparagus, Asparagus Spears, Avocados, Beans, Snap Beans, Pinto Beans, Corn, Sweet Corn, Chick Peas, Red Kidney Beans, Tomatoes, Sweet Peas, Spinach, Carrots, Beets, Mushrooms, Peas, Pimentos, Bell Peppers, Artichokes, Jalapeno Peppers, Bamboo Shoots, Onions, Water Chestnuts, Pumpkin, Chile Peppers, Potatoes, Turnips, Collard Greens, Mustard Greens, Olives, Cabbage (Sauerkraut), Palm Hearts, Pickled Cucumbers, Pickled Gherkins, Other Pickled Vegetables, and Vegetable Blends Food A Global Market Overview -7-
KEY GLOBAL PLAYERS AYAM SARL (SINGAPORE) Denis Group Building 21 Tagore Lane Singapore 784779 Tel: +65 6459 8133, +65 6459 3525 Email: info@denisgroup.net Website: www.ayambrand.com Business Overview Ayam SARL, a subsidiary of Dennis Frères Group of Companies, was incorporated in 1892 with its headquarters in Singapore. Ayam SARL is the owner of the brands Ayam Brand and Ayam, among the oldest Asian consumer brands and a shelf stable food brands, offering creative, natural, delicious, wholesome, nourishing and packaged food products of premium quality. The company mainly engages in the production of Ayam Brand canned fish including sardines, mackerel and tuna, Asian ingredients including coconut cream and coconut milk, Asian sauces and pastes, and fruits and vegetables, such as baked beans. The Dennis Group acquired Ayam in 1956 to enhance its business development and also enhance its production by establishing new units in addition to Taiping unit. Production Unit Mafipro unit in Taiping, Malaysia Guinea Foods unit in Taiping, Malaysia Linaco unit in Batu Pahat, Malaysia Product & Operation Engaged in producing canned fish and baked beans Engaged in producing canned fish and sauces Engaged in producing coconut milk and cream Food A Global Market Overview -15-
KEY BUSINESS TRENDS February 2013 Novel Ready to Eat Products Introduced by Markfed Markfed, a leading Asian marketing cooperative, has introduced five innovative ready-to- eat, preservative-free canned products, including Aloo Mattar, Karahi Paneer, Mix Vegetable, Amritsari Chhole and Moong Dal Halwa with two years shelf life. Introduction of these products would fulfill the emerging demand for canned food in the ever-increasing Indian households with nuclear families and working couples January 2013 Seneca Foods Corporation Acquires Independent Foods LLC Seneca Foods Corporation has completed the acquisition of Independent Foods LLC by integrating the latter s production unit, resulting in expanding Seneca s product portfolio. Seneca is engaged in processing and producing canned fruits and vegetables in the United States that are marketed under the brands Libby's, Aunt Nellie's Farm Kitchen, Stokely's, READ, Seneca Farms and Seneca, in addition to private labels. The company also has a partnership with General Mills Operations LLC, a subsidiary of General Mills Inc, for manufacturing canned and frozen vegetables that are distributed by General Mills Operations under the Green Giant brand. Established in 1972, Independent Foods LLC engages in processing and marketing canned pears, apples and cherries primarily in the United States. Strategic Agreement of Hormel Foods to Acquire Skippy Peanut Butter Business Hormel Foods Corporation has signed a strategic agreement with Englewood Cliffs, New Jersey-based Unilever United States Inc for taking over the latter s Skippy peanut butter business for a consideration of US$700 million. In the United States, Skippy peanut butter includes 11 categories of shelf-stable peanut butter products, and also constitutes the number one brand in China, in addition to being available in over 30 countries across five continents. This deal would enable Hormel Foods in enhancing its presence in the branded foods market by further reinforcing the company s wellbalanced portfolio. Food A Global Market Overview -27-
Market Overview by Product Segment GLOBAL MARKET OVERVIEW Worldwide, demand for Food is estimated at US$xx.x billion in 2013, forecast to be US$xx.x billion in 2014, and projected to reach US$xx.x billion in 2020, reflecting a CAGR of x.x% over 2010-2020. With an estimated 2013 share of xx.x%, equivalent to US$xx.x billion, Vegetables constitutes the largest segment in the global Food market, followed by Fish/Seafood with a share of xx.x% (US$xx.x billion), and Meat with a share of xx.x% (US$xx.x billion I that year). Global demand for Vegetables is further projected to register a 2010-2020 CAGR of x.x% in reaching US$xx.x billion by 2020, thereby maintaining its position as the leading segment. In terms of growth, however, Meat is forecast as the fastest segment, expected to register a compounded annual rate of just over x% during 2010-2020 in reaching a projected US$xx.x billion in 2020. The market for Cooking Sauces is anticipated to record the slowest corresponding CAGR of x.x% in reaching a projected US$xxx.x million by 2020, as against an estimated US$xxx.x million in 2013. Fish/Seafood and Fruits are the other segments forecast to post CAGRs in excess of x% over the 2010-2020 analysis period. Chart 1: Global Food Market Analysis (2010-2020) by Product Segment - Cooking Sauces, Desserts, Fish/Seafood, Fruits, Meat, Pasta & Noodles, Soups and Vegetables in US$ Million Year Cooking Sauces Desserts Fish/Seafood Fruits Meat Pasta & Noodles Soups Vegetables 2010 xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx 2011 xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx 2012 xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx 2013 xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx 2014 xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx 2015 xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx 2016 xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx 2017 xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx 2018 xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx 2019 xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx 2020 xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx % CAGR x.xx x.xx x.xx x.xx x.xx x.xx x.xx x.xx x.xx 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Cooking Sauces Desserts Fish/Seafood Fruits Meat Pasta & Noodles Soups Vegetables Total Food A Global Market Overview -38-
REGIONAL MARKET PERSPECTIVE Global market for Food, estimated at US$xx.x billion in 2013 and forecast to be US$xx.x billion in 2014, is further projected to reach US$xx.x billion by 2020, thereby maintaining a CAGR of x.x% over 2010-2020. Europe, accounting for a share estimated at xx.x% in 2013, equating to just over US$xx billion, constitutes the largest market for Foods worldwide, and is expected to register a 2010-2020 CAGR of x.x% in reaching a projected US$xx.x billion by 2020. Though North America forms the second largest Food market, with an estimated share of xx.x% or US$xx.x billion in 2013, the region is anticipated to record the slowest growth, compounded annually at x.x% during 2010-2020 and reach US$xx.x billion by 2020. Asia-Pacific is forecast as the fastest growing market for Foods globally, slated to post a 2010-2020 compounded annual rate of x.x% in exceeding a projected US$xx billion in 2020, compared to an estimated US$xx.x billion in 2013. South America s CAGR over the corresponding period is expected to maintain the second fastest growth of x.x%, enabling the region to reach US$xx.x billion by 2020 from an estimated US$x.x billion in 2013. Chart 19: Global Food Market Geographic Regions Ranked by Percentage CAGR (2010-2020) for Asia-Pacific, South America, Europe, North America and Rest of World Geographic Region % CAGR (2010-2020) Asia-Pacific South America Europe North America Rest of World Asia-Pacific South America Europe North America Rest of World % CAGR (2010-2020) x.xx x.xx x.xx x.xx x.xx Food A Global Market Overview -56-
Market Overview by Product Segment European Market Overview by Country FRANCE Food market in France, estimated at US$x.x billion in 2013 and forecast at US$x.xx billion in 2014, is further expected to record a marginal 2010-2020 CAGR of x.x% and reach US$x.x billion by 2020. Fish/Seafood forms the largest segment in the French Food market, with an estimated 2013 share of xx.x% or US$x.x billion, which is anticipated post the fastest CAGR of x.xx% over 2010-2020 in reaching a projected US$x.x billion by 2020. Demand for Fruits in the region is expected to record the slowest corresponding compounded annual growth rate of x.xx% and stand at US$xxx.x million in 2020 from an estimated US$xxx million in 2013. While Vegetables is the only other Food segment in France that would maintain a CAGR of more than x% during the 2010-2020 analysis period, all other categories are expected to sustain CAGRs below x% over the same period. Chart 68: French Food Market Analysis (2010-2020) by Product Segment - Cooking Sauces, Desserts, Fish/Seafood, Fruits, Meat, Pasta & Noodles, Soups and Vegetables in US$ Million Year Cooking Sauces Desserts Fish/Seafood Fruits Meat Pasta & Noodles Soups Vegetables 2010 xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx 2011 xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx 2012 xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx 2013 xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx 2014 xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx 2015 xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx 2016 xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx 2017 xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx 2018 xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx 2019 xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx 2020 xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx xxxxxxx % CAGR x.xx x.xx x.xx x.xx x.xx x.xx x.xx x.xx x.xx 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Cooking Sauces Desserts Fish/Seafood Fruits Meat Pasta & Noodles Soups Vegetables Total Food A Global Market Overview -127-
ANNEXURE RESEARCH METHODOLOGY Scope of the Study The study is aimed to explore the market insights of Food for the under mentioned product segments and geographic regions. Product Segments Food product segment studied in this report comprise the following: Cooking Sauces Desserts Fish/Seafood Fruits Meat Pasta & Noodles Soups Vegetables Regional Coverage The study is conducted on a global level and the market for Food is analyzed for the following regions/countries: North America (United States, Canada and Mexico) Europe (France, Germany, Spain, United Kingdom, Italy, Russia, Poland, Hungary and Rest of Europe) Asia-Pacific (Australia, China, India, Japan, The Philippines, Thailand, South Korea, Vietnam and Rest of Asia-Pacific) South America (Argentina, Brazil, Chile, Colombia, Peru, Venezuela and Rest of South America) Rest of World Food A Global Market Overview -259-