Asia Pacific Private Label Packaged Food Market Size & Outlook
Asia Pacific private label packaged food market, 2018-2030 (US$M)
Asia Pacific private label packaged food market highlights
- The Asia Pacific private label packaged food market generated a revenue of USD 123,524.2 million in 2023.
- The market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, baked goods was the largest revenue generating product in 2023.
- Baked Goods is the most lucrative product segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 123,524.2 million |
| Market revenue in 2030 | USD 189,139.5 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Baked goods |
| Fastest growing segment | Baked Goods |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Baked Goods |
| Key market players worldwide | Four Sigmatic |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 31.4% of the global private label packaged food market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 189,139.5 million by 2030.
Baked goods was the largest segment with a revenue share of 100% in 2024. Horizon Databook has segmented the Asia Pacific private label packaged food market based on baked goods covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific fiber supplements market is poised for significant growth, driven by increasing demand across key markets. Companies are expanding their brands into previously untapped regions in Southeast Asia, capitalizing on the region's growing health consciousness.
China, Japan, and India stand out as the largest markets in the region, owing to their substantial consumer bases. In Japan, the market is bolstered by the regulatory framework under Foods for Specific Health Uses (FOSHU), which requires products to obtain approval and display the FOSHU logo to make health claims.
This strict regulation ensures that consumers trust the health benefits advertised by fiber supplements. Similarly, in Australia and New Zealand, the Food Standards Australia New Zealand (FSANZ) oversees fiber supplements, requiring pre-market approval for any health claims, while India's market is regulated under the Food Safety and Standards Act (FSSA).
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Private Label Packaged Food Market Scope
Private Label Packaged Food Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific private label packaged food market size, by country, 2018-2030 (US$M)
Asia Pacific Private Label Packaged Food Market Outlook Share, 2024 & 2030 (US$M)
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