(Reuters) - Grocery retailers' store-brand products are expected to double their share of the global packaged food market over the next 15 years to make up half the market, according to a report issued on Thursday.
The report by Sebastiaan Schreijen, associate director of processed food and retail at Rabobank, said growth of private-label brands will be fueled by retail consolidation in developed markets, adoption of modern retail in developing markets, and increased consumer acceptance of private-label brands following the recession, among other factors.
|
