Asia-Pacific Food Processing and Manufacturing (FPM) to see Huge Growth by 2029

Asia-Pacific Food Processing and Manufacturing (FPM) is expected to grow at a CAGR of around 5.5% during the forecast period. The growth of the Asia-Pacific FPM contract manufacturing market is accredited to the shift of major food companies towards the production facilities and expansion. Key companies such as Nestlé, Kraft, and Unilever already operate in more than 140 countries, including China, Australia and India. According to the Food & Agricultural Organization (FAO) of the United Nations, Heinz has also widened its plant capacity up to 15% in China and opened a new production plant in the Philippines. On the other hand, the Kellogg Company has production facilities in Japan, Thailand, South Korea, Japan and India for supply retail chains in the region.

In addition, PepsiCo Inc. has been constantly expanding its geographical reach along with its considerable global marketing arm in snack foods which is focusing on Asia-Pacific and Latin America. For instance, in November 2017, PepsiCo Inc. and Suntory Beverage & Food Asia Pte. Ltd has signed an agreement for the development of a beverage joint venture in Thailand. This agreement is intended to establish a strong position of PepsiCo, Inc. in Thailand and developing new opportunities for the growth of both companies in the Asia-Pacific FPM contract manufacturing market.

 

Moreover, in September 2018, Ingredion Inc. an ingredient provider in Westchester, Illinois, the US declared $60 million capital investment in the region. This move is intended for the growth of its food ingredients business in the region. These capital investment projects comprise a 20% expansion of its capacity of tapioca modified food starch in Thailand coupled with the advanced promotion to its facilities of wastewater treatment. Such strategic investment is aimed to leverage the growing capabilities and strengthen manufacturing networks in the region to meet the growing demand of consumers and in turn, contributing to the Asia-Pacific FPM contract manufacturing market growth.

 

To Request a Sample of our Report on Asia-Pacific Food Processing and Manufacturing (FPM): https://www.omrglobal.com/request-sample/asia-pacific-fpm-contract-manufacturing-market

Asia-Pacific FPM Contract Manufacturing Segmentation

By Services

  • Food Manufacturing Services
  • Convenience Foods
  • Bakery Products
  • Dietary Supplement
  • Confectionery Products
  • Dairy Products
  • Others
  • Research and Development
  • Food Packaging Services

A full Report of Asia-Pacific Food Processing and Manufacturing (FPM) is Available at: https://www.omrglobal.com/industry-reports/asia-pacific-fpm-contract-manufacturing-market

Regional Analysis

  • China
  • India
  • Japan

Rest of Asia-Pacific

Company Profiles

  • Hearthside Food Solutions LLC
  • LT Foods Ltd.
  • Rei Agro Ltd.
  • Nu-World Foods
  • Pacmoore Products Inc.
  • Saraf Foods Pvt. Ltd.
  • Fibro Foods
  • SPX Corp.

Reasons to buy from us –

  1. We cover more than 15 major industries, further segmented into more than 90 sectors.
  2. More than 120 countries are for analysis.
  3. Over 100+ paid data sources mined for investigation.
  4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @  https://www.omrglobal.com/report-customization/asia-pacific-fpm-contract-manufacturing-market

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404