Furthermore, there has been greater growth behind the premium segment, with its focus on specialty and single-origin coffees that are far less susceptible to private label
The Dubai World Trade Centre (DWTC) announced today at the speciality food shows, its plans to expand the Gulfood stable of B2B industry events with the launch of Private Label
and Licensing Middle East (PRIME) in 2019.
Mass merchants are seen as leading the charge in private label
activity, with 57 percent of vendor respondents ranking this retail channel as No.
DOLLAR MARKET SHARE TODAY VS YEAR AGO
Though predominant in center store food and beverage categories, private label
products are certainly not limited to packaged goods.
* The private label
marketplace is evolving rapidly, as new market entrants turn "the old way" on its head.
In the durables space, Amazon announced a new line of private label
clothing, launching seven fashion brands on its site early this year.
Although store brands and private label
SKUs have long been purchased for price reasons -- and touted as such -- a broader definition of value has emerged in recent years.
Technavio's analysts forecast the private label
food and beverages market in the US to grow at a CAGR of 4.65% over the period 2014-2019.
While private label
has traditionally targeted a lower-end market, private label
manufacturers are now also expanding their ranges to meet the needs of consumers who look for good value.
"The share of private label
in UAE across different industries is still marginal compared to some developed Western European markets, where it is frequent to see 20-40 per cent share in some categories," she said.
Cook of Crocus Hill sources its private label
honey from local apiaries - and sells out whatever it stocks each year.