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:
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:
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.
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.
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.
Organic baby food is produced from certified organic raw materials and is free from any artificial additives ingredients. Organic food are grown or synthetic fertilizers or pesticides and more nutritious than non-organic food. Organic baby food is ready to use an... Read more
Edible insects are consumed across various regions as they are rich in various nutrients such as amino acids and essential minerals. Wasps, ants, bees, beetles, scale insects, cockroaches, flies, termites, crickets, and grasshoppers are some edible insects. They are a... Read more
Natural food colors are foodstuff that is added to food and beverage to enhance consumer appeal. They can be classified into pigments and dyes and are available in the different forms includes liquid gel, paste, and powder. Some of the natural food colors also&nb... Read more
Nutraceuticals are pharmaceutical products that are derived from food sources to deliver additional health benefits. They can be classified into dietary supplements, medicinal food, functional food, and farmaceuticals. Nutraceuticals are also known as medical foods wh... Read more
Micellar Casein Market 2017–2027 Micellar casein is a rich source of protein that consists of five important proteins such as beta, gamma, delta, alpha, and kappa. Removal or modification of any of the ... Read more
Liquid Smoke Market 2017 – 2027 Liquid smoke is a flavor primarily used to add smoky fragrance across various cuisines and is mainly available in yellow and red colors. It is also used to enhance the shelf-lif... Read more
Bioengineered Food Market- 2017-2027 Definition of Market/Industry: The expansion of the food industry is expected to drive growth of the bioengineered food ma... Read more
U.S. Nutraceuticals Market 2017–2027 Nutraceuticals are derived from food sources are and highly enrich various nutrients that are beneficial for good health. These products have extra health benefits compar... Read more
North America Flaxseed Market 2017–2027 Flaxseed is a plant-based food that is cultivated around the globe and is a rich source of antioxidants, healthy fat, and fiber. It is available in different forms suc... Read more
Malt Ingredient Market 2017 – 2027 The malt is one of the most popular cereal grains that is produced by using barley in which barley is soaked in water then dried in the hot water, this process allows germi... Read more
Food Premix Market 2017-2027 Food premix is blended with minerals vitamins, and other functional ingredients and they are used in fortification for food & beverages. Vitamin premixes, mineral premixes, nucleot... Read more
India Gin Market 2017–2027 Gin is an alcoholic beverage that is basically produced by the distillation process and composed of different grain and flavors. The main ingredient present in the gin is juniper b... Read more
Food Encapsulation Market 2017–2027 Food encapsulation is used to sustain the release of flavors of ingredient and is widely used across pharmaceuticals, food, textile personal care, chemical, and other indu... Read more
Colostrum Market 2017-2027 Colostrum is the first milk produced by humans, cows, and other mammals that have given birth. It is highly nutritious and contains antibodies, which are essential to fight against infections and promote healthy gro... Read more
Dietary Supplements Market 2017–2027 A dietary supplement is produced to add nutrients to the diet and lower the risk of health problems such as osteoporosis and arthritis. It is available in the form of cap... Read more
Egg Replacement Ingredient Market 2017–2027 Egg replacement ingredients are the ideal substitute for egg and are widely used to replace the egg content in the food. These ingredients reduce the egg cont... Read more
Asia-Pacific Savory Ingredients Market 2017-2027 Savory ingredients are flavors that are used to enhance and modify the taste and flavors of the food such as snacks and frozen savory meals. These ingredients provi... Read more
Grapefruit Market- 2017-2027 Definition of Market/Industry: A grapefruit is a citrus fruit with sour to semi-sweet taste. It is a citrus hybrid, which is a res... Read more