Boston, MA -- (SBWIRE) -- 06/23/2014 -- Compared to the growth conditions of previous years, canned/preserved food is expected to experience higher value growth in 2013 because of increasing demands driven by the rising price of fresh food. The high pricing levels of electricity and gasoline have resulted in the increasing cost of food expenditure. In order to eliminate the impact from increasing food expenditures, consumers are choosing cheaper food solutions such as canned/preserved food. Such a trend is expected to result in higher growth in sales of canned/preserved food. In 2013, value sales of canned/preserved food are expected to grow by 3%, representing the highest growth over the review period.
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AGV Products Corp is the leader in canned/preserved food, with a 12% value share in 2013. The company is well established in canned/preserved food. Moreover, it focuses on continuous product innovation and intensive marketing activities, which help to explain its leading position.
Over the forecast period, canned/preserved food will show limited growth due to category maturity. Sales are expected to grow at a CAGR of 1% in constant value terms. In addition, stagnation in the size of the local population will further influence consumption of canned/preserved food.
Discover the latest market trends and uncover sources of future market growth for the Canned/Preserved Food industry in Taiwan with research from Euromonitor's team of in-country analysts.
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The Canned/Preserved Food in Taiwan market research report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volumes and values, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
- What is the market size of Canned/Preserved Food in Taiwan?
- What are the major brands in Taiwan?
- As economic prospects improve, are consumers starting to move away from comparatively inexpensive canned food and back to frozen and chilled processed offerings?
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