What is Food Storage Market?
Food storage at first look can seem very straight forward like buying some extra food in case of any emergencies. Gathering food or storing food doesn’t take too long; however, those do give rise to some extra questions like, what kind of food should be bought, what would its lasting time be and what differentiates each type of food? The term food storage is used in case of any sort of emergency preparedness. It is a process in which both cooked as well as raw food are stored in suitable conditions so that they can be used in the future without the entry or growth of any kind of microorganisms.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | OFD Foods, LLC (United States), Maple Leaf Foods Inc. (Canada), Amul (India), Blue Chip Group, Inc. (United States), McCain Foods Limited (Canada), Freeze-Dry Foods Ltd (United States), Haldiram’s (India), Katadyn Group (Switzerland), Dr. Oetker (Germany), Astronaut Foods (United States) and Nestle (India) |
CAGR | % |
The market study is being classified by Type (Dry Staples (flour, sugar, rice, beans, coffee, pancake mix, potato flakes, etc), Freeze Dried (coffee, vegetables, fruits, meats, fish, dairy products, herbs, and food flavorings), Dehydrated (potatoes, beans, snap beans, lima beans, leafy vegetables, carrot, corn, onion) and Canned (Fruits, Tomatoes and Tomato Products, Vegetables, Meat, Poultry and Seafood, Jams and Jellies, Pickles and Fermented Products)), by Application (Household and Commercial) and major geographies with country level break-up.
OFD Foods, LLC (United States), Maple Leaf Foods Inc. (Canada), Amul (India), Blue Chip Group, Inc. (United States), McCain Foods Limited (Canada), Freeze-Dry Foods Ltd (United States), Haldiram’s (India), Katadyn Group (Switzerland), Dr. Oetker (Germany), Astronaut Foods (United States) and Nestle (India) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Valley Food Storage (United States), Saraf Foods Ltd. (India) and Wise Company (United States).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new modifications in the existing products and collaborations as per their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a large competitive advantage through the combined synergies. Research Analyst at AMA predicts that North America Vendors will contribute to the maximum growth of Global Food Storage market throughout the forecasted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Food Storage market by Type, Application and Region.
On the basis of geography, the market of Food Storage has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Demands of Fresh Produce for Healthy Diet
- Growth of the Food & Beverage Industry
Market Trend
- The demand for improved quality, shelf life and taste of food is rising in the market. Food bore illness outbreaks with the consumption of contaminated food. Processing of the food without proper sanitation procedures increases the risk of contamination by germs. Also, the degree of handling food can cause high opportunities for contamination. Storage of food with proper method limits the food poisoning and also preserves the food's nutritional values and good taste.
Restraints
- Regulations lay down by the Government for Packaged Food and Preservatives
Opportunities
- Increasing Awareness about Healthy Diets and Uncontaminated Food
- Growing Consciousness about Food Hazards and Natural Calamities
Challenges
- Allergies Related to the Food Preservatives and Additives for Storage
Market Leaders and some development strategies
On July 9th, 2019 - McCain Foods, the global leader in frozen French fries, potato specialties and appetizers, announced a new strategic partnership and lead investment in NUGGS, a New York-based start-up which has developed an innovative plant-based chicken nugget alternative.
On August 19th, 2019 - Nestle India announced the launch of the world’s no. 1 cocoa-malt beverage – MILO in India. MILO has a rich legacy, having nourished young champions around the world for more than 85 years by providing nutritious energy and the inspiration to grow with sports. Over 36 million serves of MILO are consumed daily in more than 50 countries across the world.
Key Target Audience
Manufacturers of Stored Food, Suppliers of Stored Food, Wholesalers, Distributors, and Retailers of Stored Food, Storage Industry and Regulatory Bodies