Food and Beverages

Food and beverages industry contributes significantly in social as well as economic growth of a country. Market players operating in the food industry are focused on manufacture of food ingredients, processed food, animal food, food testing and processing equipment, customer health & hospitality services, and logistics. The beverage industry covers two bulk sectors; alcoholic and non-alcoholic beverages. Alcoholic beverages includes beer, wine, spirit whereas non-alcoholic beverages include juice, water, coffee, tea and soft drinks. Rapid urbanization along with improved health awareness is driving demand for food and beverage products. Improving standard of living is one of the key factors contributing to demand for processed and ready-to-eat food. Availability of natural alternatives to artificial flavors and colors, as well as healthier alternatives, and government campaigns for food and foodborne diseases are attracting manufacturers, investors, retailers, raw material providers to invest in the food and beverage industry. Globalization has made the world smaller and the food and beverages market is characterized by significant trade activities across the globe. This has led to an increase in import and export of food and beverage products across all regions.

Owing to lifestyle shifts and increasing demand for functional food products is expected to influence market players to invest in product development. North America is expected to dominate the global food and beverages market due to growing health awareness among the populace which has led to an increase in demand for natural and organic processed food. Moreover, the North America market accounts for a share of over 65% in the food testing and food testing equipment market. Asia Pacific is expected to witness significant growth due to an increase in disposable income, rapidly expanding population, and growing health awareness among consumers. According to Indian Brand Equity Foundation (IBEF)—a trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India—food industry in India is expected to reach US$ 63.5 billion by the end of 2018. Europe food and beverages industry is expected to grow significantly due to increasing demand for food additives and flavoring agents in the region.

In case of the global beverage market, North America dominated the global beverage market followed by Asia Pacific and Europe in 2016. The trend is expected to be continue during for the following decade, due to increasing demand for alcoholic beverages in North America. The growth of the Asia Pacific market is driven by the increasing number of youths in the populations and adoption of western culture is expected to fuel growth of alcoholic beverages in this region.

Key challenges in front of global food and beverage market

On a global scale, the food and beverages industries needs to evaluate challenges before production and distribution of its products to end users. For instance:

  • Government regulations

Stringent government regulations and time consuming approval processes are expected to hamper the market growth to some extent. Leading food associations such as Food and Drug Administration, U.S. (FDA), European Food and Safety Association (EFSA) and Food Safety and Standards Authorities of India (FSSAI) have set a criteria for the ingredients used in the production of certain food and beverage products which are as follows:

  • In April 2016, Food and Drug Administration of the U.S. issued a statement that gaur gum, a natural substance which is obtained from maceration of the seed of the gaur plant, are safe and can be used in a specified limit.
  • European Food and Safety Authorities (EFSA) approved dietary food supplements based on Lactoferrin as a consumable dietary food supplement for infant formula, sports nutrition.
  • In June 2016, the Food Safety and Standards Authority of India (FSSAI) introduced new regulations for 11,000 food additives used in various food categories. The new list of food additives bans the usage of potassium bromate and cyclamates in any food category.
  • Investment in automation

Increasing adoption of automation by mature and developed markets is driving regional players in emerging markets to invest in technologies such as artificial intelligence (AI), programmable logic controllers (PLC), Internet of Things (IoT). This is likely to result in higher expenditure and investments.

  • AuAffordability

Rising energy prices are leading to high production prices of end products which results in poses a challenge in terms of affordability of goods and services in low- and middle-income countries.

Key Global conferences

Global conferences in the food and beverages industry are listed below. Problems associated with food and beverages such as proper food utilization, food loss, food safety, food and beverage operational constraints and ways to overcome these challenges are dealt with in these conferences.

  • 18th International global summit on food and beverages - 2017, Chicago.
  • 2nd International conference on food security and sustainability - 2017, San Diego, U.S.
  • 3rd global conference on food security - 2017, Cape Town, South Africa
  • International conference on food quality, safety and security – 2017, Colombo, Sri Lanka
  • Institute for food technologist – Annual meeting 2017, Las Vegas, U.S.
  • 19thInternational Conference on Behavioral Nutrition and Physical Activity – 2017, Tampa, Florida, U.S.
  • 21st International conference on food and nutrition - 2018, Chicago, U.S.

Key players in food and beverage global market

Some of the key players operating in the global food and beverages market are Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Kerry Group PLC (Ireland), Associated British Foods PLC (U.K.), Unilever Group, Danon, Fonterra, General Mills, E. I. Du Pont De Nemours and Company (U.S.), Arla Foods (Denmark), BASF SE (Germany), Koninklijke DSM N.V. (Netherlands), DMH Ingredients (U.S.), and Ajinomoto Co., Inc. (Japan). The recent mergers of food companies such as Kraft with Heinz, and AB InBev with SABMiller is creating a highly competitive environment with major growth prospects for players.

Companies such as Nestle, Anheuser-Busch InBev NV, Coca-Cola, PepsiCo, Inc., Diageo plc, and Heineken also operate in this market.

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Food and Beverages Published Insights

Coherent Market Insights Frozen Processed Food Market

Published Date : Apr 2024

Global frozen processed food market is estimated to be valued at USD 75.07 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 2.8% from 2024 to 2031. Global frozen processed food market has been witnessing significant growth in the recent years due to chan... View more

Coherent Market Insights Probiotics Food And Cosmetics Market

Published Date : Apr 2024

Global probiotics food and cosmetics market is estimated to be valued at USD 72.29 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031. Probiotics are living microorganisms that provide health benefits when consumed. Probiotic foods a... View more

Coherent Market Insights Starch Derivatives Market

Published Date : Apr 2024

The starch derivatives market is estimated to be valued at USD 60.31 Bn in 2024, growing at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031. The global starch derivatives market has been witnessing significant growth in recent years. Starch is one of th... View more

Coherent Market Insights Precision Fermentation Market

Published Date : Apr 2024

The Precision Fermentation Market is estimated to be valued at USD 4.21 Bn in 2024 and is expected to exhibit a compound annual growth rate (CAGR) of 44.3% from 2024 to 2031. Precision fermentation is a form of cellular agriculture that utilizes fermentation processes... View more

Coherent Market Insights Prepared Meal Delivery Market

Published Date : Apr 2024

The Prepared Meal Delivery Market is estimated to be valued at USD 10.92 Bn in 2024 and exhibit a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031. The prepared meal delivery market has seen significant growth over the past few years. Factors such as the ... View more

Coherent Market Insights Epoxidized Soybean Oil Market

Published Date : Mar 2024

The global epoxidized soybean oil market is estimated to be valued at USD1.2 Bn in 2024 and, exhibiting a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.Epoxidized soybean oil (ESBO) is a bio-based compound derived from highly purified soybean oil, which... View more

Coherent Market Insights Functional Protein Market

Published Date : Mar 2024

The global functional protein market is estimated to be valued at USD 5.1 Bn in 2024 and exhibiting a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031. The global functional protein market has been witnessing substantial growth over the past few years due ... View more

Coherent Market Insights Lactose Free Food Market

Published Date : Mar 2024

The lactose free food market is estimated to be valued at USD 18.73 Bn in 2024, growing at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031. The global lactose free food market has been witnessing steady growth over the past few years due to the rising p... View more

Coherent Market Insights Global Absinthe Market

Published Date : Mar 2024

The absinthe market is estimated to be valued at USD 5.16 Bn in 2024, growing at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031. Absinthe is a distinctive distilled alcoholic beverage that originated in Switzerland in the late 18th century. Made from a... View more

Coherent Market Insights Sports Nutrition Market

Published Date : Mar 2024

The sports nutrition market is estimated to be valued at USD 51.65 Bn in 2024, growing at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031. The sports nutrition market has seen tremendous growth over the past few decades driven by the rising health and f... View more

Coherent Market Insights Baby Food Market

Published Date : Mar 2024

Global baby food market is estimated to be valued at USD 80.20 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031. Global baby food market has been witnessing significant growth over the past few years. As the busy lifestyle leaves n... View more

Coherent Market Insights Food Safety Testing Market

Published Date : Mar 2024

The food safety products and testing market is estimated to be valued at USD 2.43 Bn in 2024, growing at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031. Food safety is a major concern worldwide due to risks associated with contamination and foodborne i... View more

Coherent Market Insights Sorbitol Market

Published Date : Mar 2024

The sorbitol market is estimated to be valued at USD 1.89 Bn in 2024, growing at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031. Sorbitol is a sugar alcohol that is widely used as a food additive. It is found naturally in many fruits and berries. Sorbi... View more

Coherent Market Insights Potato Processing Market

Published Date : Mar 2024

The potato processing market has experienced significant growth over the past decade due to rising demand for packaged and convenience foods. Potatoes are processed into numerous products to extend their shelf life and make them more convenient to use. Dehydrated pota... View more

Coherent Market Insights On The Go Breakfast Products Market

Published Date : Mar 2024

Global on-the-go breakfast products market has been gaining significant traction over the past 2 years, owing to changing consumer preferences and hectic lifestyle. On-the-go breakfast products offer convenience to time-pressed consumers as they can quickly grab these... View more

Coherent Market Insights Frozen Pastries Market

Published Date : Mar 2024

The global frozen pastries market has been gaining significant traction over the past few years, owing to the rising demand for convenience and packaged food products across both developed and developing economies worldwide. Frozen pastries offer convenience to both v... View more

Coherent Market Insights Wine Market

Published Date : Feb 2024

The global wine market has been growing steadily over the past few decades. Increasing social acceptance of alcohol consumption, along with rising disposable incomes, has driven more people to consume wine on a regular basis. Moreover, changing lifestyles and exposure... View more

Coherent Market Insights Nisin Market

Published Date : Feb 2024

Global nisin market has witnessed significant growth over the past few years and is expected to grow at an exponential rate in the near future. Nisin is a polycyclic antibacterial peptide that is produced by certain strains of lactococcus lactis. It has been identifie... View more

Coherent Market Insights Meat Substitute Market

Published Date : Feb 2024

The global meat substitute market has been witnessing significant growth in recent years, driven by rising health and environmental concerns among consumers. Meat substitutes such as tofu, tempeh, and seitan provide similar taste, texture, and nutrition as meat but ar... View more

Coherent Market Insights Irish Whiskey Market

Published Date : Feb 2024

  The global Irish whiskey market has witnessed robust growth in the last few years, driven by rising demand for premium and craft Irish whiskeys across major markets worldwide. Irish whiskey originates from Ireland, where it is distilled and aged in oak ... View more

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