Opportunities in the Asia-Pacific Food Industry 2024

Opportunities in the Asia-Pacific Food Industry 2024

Summary

The global food industry was valued at $4.2 trillion in 2023 and is expected to achieve a CAGR of 4.7% and reach $5.2 trillion in 2028. Asia-Pacific was the largest region in terms of value and volume in 2023. The Americas was the second-largest. Middle East and Africa will record the lowest value CAGR during 2023–28, at 3.9%. Asia-Pacific will register the fastest value CAGR at 5.2%, fueled by rising purchasing power, especially in the urban areas.

This report brings together multiple data sources to provide a comprehensive overview of the Asia-Pacific food industry, analyzing data from 26 countries in the region. It includes an analysis of the following

Market Environment: Includes industry size, market size, and growth analysis by the top five sectors: meat, dairy & soy food, bakery & cereals, fish & seafood, and oils & fats.
High-Potential Countries’ Analysis: Indicates changing share of value consumption of various food products by sector across high-potential countries in the Asia-Pacific region. It also provides risk–reward analysis of four countries across the Asia-Pacific region based on market assessment, economic development, sociodemographic factors, governance indicators, and technological infrastructure.

Scope

Provides an overview of the current food industry scenario regarding the future outlook in terms of ingredients, product claims, labeling, distribution, and packaging. The analysis also covers the regional overview of the Asia-Pacific region — highlighting industry size, growth drivers, latest developments, and future inhibitors for the region.

Reasons to Buy

Manufacturing and retailers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region.

The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances.

The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion.

To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.