The private-label food and beverages market share will post an incremental growth of USD 215.81 billion, progressing at a CAGR of 6% during the forecast period. The increasing online presence of private-label brands will offer immense growth opportunities to market vendors. The private-label food and beverages market is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Private Label Food and Beverages Market by Product and Geographic - Forecast and Analysis 2020-2024” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The private-label food and beverages market is segmented by product (food and beverages), distribution channel (offline and online), and geography (APAC, Europe, MEA, North America, and South America).
The increasing online presence of private-label brands will significantly influence the private-label food and beverages market growth in North America. 30% of the market’s growth will originate from North America during the forecast period. The US is the key market for private-label food and beverages in North America.
The premiumization of private-label food and beverage products will directly influence the sales of the private-label food and beverages market. In addition, the increasing online presence of private-label brands is one of the major private-label food and beverages market trends that will positively impact the market growth. However, the stringent regulations will hamper the private-label food and beverages market growth.
The market is fragmented due to the presence of several players. Some of the major private label food and beverages market vendors are:
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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What are the key data covered in the Private Label Food and Beverages Market report?
Precise market size estimation during the forecast period 2020-2024.
CAGR of the private label food and beverages market forecast during 2020-2024.
Market-level data on units, average selling prices, and values of the private label food and beverages market share.
Prediction on the upcoming trends, drivers, and factors that challenge the growth of the private label food and beverages market.
Private label food and beverages industry growth across APAC, Europe, MEA, North America, and South America.
