Latest News- Private Label Food And Beverages Market: Offline is expected to lead the Distribution Channel segment during 2025-2029
The Private Label Food And Beverages Market is being driven by Increasing dollar value share of private label brands
The Private Label Food And Beverages Market is expected to grow at a CAGR of 6.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 204.6 billion. The proliferation of smartphones and the expanding reach of the Internet are significantly boosting the sales of private label food and beverage products in the digital marketplace. With constant connectivity, time-strapped urban consumers can effortlessly research and purchase these offerings from retailers such as Target Corp. and Costco Wholesale, whose private label brands, Archer Farms and Kirkland Signature, respectively, are readily available on e-commerce platforms like Amazon. This digital shift in consumer behavior is transforming the private label food and beverage market.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Distribution Channel (Offline, Online) Product (Food, Beverages) Geography (Europe, North America, APAC, Middle East and Africa, South America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Private Label Food And Beverages Market Research Report
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The Private Label Food and Beverages Market encompasses various retail channels including Convenience Stores, Dollar Stores, General Merchandise Retailers, Department Stores, and E-Retailers. They offer a wide range of products such as bakery, dairy, meat, condiments, and sauces. Consumers are increasingly demanding clean label products and non-GMO options. Retailers prioritize labeling transparency and product quality to meet these demands.
The private label food and beverages market encompasses vendors engaged in the manufacturing and processing of packaged foods and meats, specifically focusing on eliminating microorganisms and extending shelf life. According to Technavio, the global market size is determined by the consolidated revenue generated by these entities. This market segment excludes food processing equipment manufacturers and producers of packaged alcoholic and non-alcoholic beverages, including mineral waters. Factors fueling the market's expansion include the health benefits associated with consuming minimally processed foods. Minimally processed items, such as vegetables, are rich in essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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