Packaged Food Industry: Growth Acceleration and Peru, Mexico and Venezuela Markets Analyzed in New Research Reports at RnRMarketResearch.com
DALLAS, Feb. 5, 2013 /PRNewswire-iReach/ — Most global packaged food players have been very active in aligning their businesses with key trends, which, in addition to acquisitions and active portfolio development, included some significant corporate restructuring. A number of multinational food and beverages players chose the tool of corporate restructuring in order to achieve their growth and/or profitability objectives. As the newly created entities start trading, advantages and challenges need to be evaluated.
“Accelerating Growth Through Splitting Up Operations” global briefing offers an insight into to the size and shape of the packaged food market, highlights buzz topics, emerging geographies, categories and trends and identifies the leading companies and brands. It also offers strategic analysis on driving packaged food industry trends like health and wellness, premiumisation, convenience and value-for-money and how those trends influence factors like new product developments, packaging innovations, retail distribution and retail pricing both historically and into the future.
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The Peruvian packaged food industry players are developing new products with added Peruvian ingredients. This trend is positively impacting the industry since consumers enjoy Peruvian food and are eager to try new products including local ingredients. It has been possible to see products adding ingredients such as Peruvian jungle fruits, Andean cereals, Peruvian peppers, and flavours of popular dishes, among others. Domestic companies are leading the packaged food industry. Companies such as Grupo Gloria SA, Alicorp SAA, and San Fernando SA, among others, dominate the market, offering products specifically designed to meet Peruvian consumer needs and preferences.
The packaged food market in Venezuela is set to record a positive volume CAGR above that of the review period, in which massive product shortages and constraint disposable income were responsible for declining volume sales. Nonetheless, the expansion of most packaged food categories will depend to an extent whether the supply can meet the growing demand and if the economy improves. Price increases will continue to boost constant value growth over the forecast period. Price control regulations and restricted access to foreign currency represent the main factors threatening the operations of private players in packaged food industry in Venezuela. In 2012, the government did not authorise any price increases amongst price-regulated goods as a strategy to curb the inflation rate on the eve of presidential elections. In addition, revenues from oil activities were directed to the importation of basic staples, leaving local producers deprived of foreign exchange for the importation of raw materials.
In Mexico, most packaged food categories are mature and will grow at low and predictable rates. There are, however, some small segments that are rapidly expanding for particular reasons, such as chocolate for diabetics which is growing at double-digit rates (given the diabetic epidemic in the country) or prepared salads (for reasons of convenience). A good number of these fast-emerging categories are compatible with the notably increasing health and wellness trend, which help more health conscious consumers to overcome the overweight trend that has alarmed health authorities in the country. However, tough economic conditions in the country remain and these combine with the low growth of the US economy (which historically pulls up or drives down the performance of the domestic economic performance). These factors could deter the growth of the overall packaged food market in Mexico.
Product coverage in these reports include:
Baby Food, Bakery, Canned/Preserved Food, Chilled Processed Food, Confectionery, Dairy, Dried Processed Food, Frozen Processed Food, Ice Cream, Impulse and Indulgence Products, Meal Replacement, Meal Solutions, Noodles, Nutrition/Staples, Oils and Fats, Pasta, Ready Meals, Sauces, Dressings and Condiments, Snack Bars, Soup, Spreads, Sweet and Savoury Snacks.
Explore other reports on the packaged food industry in multiple geographies @ http://www.rnrmarketresearch.com/reports/food-beverage/food/packaged-foods.
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