Global Processed Food Market Is Estimated To Witness High Growth Owing To Increasing Adoption Of Automated Technologies And Growing Health Consciousness

Processed Food Market
Processed Food Market

Overview:

Processed food is food that has been altered in some way before being eaten. This can include changing the ingredients, making them more appealing or preserving them. Unprocessed foods, like fresh fruit, vegetables, whole grains and legumes are good choices as they are natural. They also help fill up and provide important vitamins and minerals.

Minimally processed foods, on the other hand, are not made with a lot of added sugars or fat. They are often high in dietary fiber, which can lower the risk of heart disease and some cancers. Ultra-processed foods, on the other hand, are made with little or no nutrient-rich ingredients and these items are meant to be convenient, hyper-palatable and low cost.

Market Dynamics:

Growing product launches are estimated to augment growth of the global Processed Food Market over the forecast period. For instance, air-fried chicken bites were launched by Tyson Foods, Inc., in October 2021. The bites contain 35% less calories and 75% less fat.

These products include Parmesan Chicken Bites and Spicy Chicken Bites, as the company is planning to expand their packaged food product portfolio in the American market. Moreover, unawareness regarding food safety rules are anticipated to restrain growth of the global processed food for market over the forecast period.

Impact of COVID-19:

The pandemic resulted in imposition of strict lockdowns in many regions. These restrictions led to shutting down of manufacturing activates globally. During the pandemic there was a huge disruption of the supply chains which led to reduction in the amount of processed food.

All retail stores were also closed and online delivery services were also unavailable. This impacted the market in a negative manner, in the initial phase of the outbreak, as there was a shortage of processed food items. Thus, the pandemic affected the global Processed Food Market in a negative manner.

Key Takeaways:

The global Processed Food Market is expected to witness high growth, exhibiting CAGR of 6.6% over the forecast period, due to rising acquisitions by key players.

For instance, Essentia Water, premium functional water brand was acquired by Nestlé in March 2021. This acquisition is aiming to strengthen their presence in the premium functional water segment.

Asia Pacific is anticipated to witness significant growth in the global processed food for market over the forecast period, owing to growing demand for ready-to-eat foods and increasing number of working professionals.

Major players operating in the global Processed Food Market are Tomra Systems, Buhler, ZIEMANN HOLVRIEKA, Krones AG, Meyer Industries, Heat and Control, Inc., Atlas Pacific Engineering Company Inc., National Refractories, and B.K Engineers.

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