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.
The crystallized form of sugar syrup known as candy has been gaining high demand all over the globe and especially popular among the kids. There has been a rising demand for the chocolate candies, across the globe that has majorly contributed to the rise and expansion... Read more
Grape seed extracts are dietary supplements that are prepared by removing, drying, and pulverizing the grape seeds. These seeds are rich in antioxidants such as anthocyanins, phenolic acids, and flavonoids. Grape seed extracts have other benefits including antifungal,... Read more
Vitamin A is a fat-soluble unsaturated organic compound often found in natural food products such as carrots, eggs, milk, cheese, and other dairy products. Moreover, it can be synthesized from fish oil, plants, and other bacterial precursors of carotenoids. Major cons... Read more
Tea extracts derived from plants such as Camellia Sinensis contain natural molecules named Catechins (polyphenols) which have antioxidant properties. The popularity of green tea extracts is increasing at a rapid pace over the last few years due to the belief ... Read more
The botanical supplements are popularly known as herbal medicinal products and are in high demand due to growing consumer awareness about health and wellness. Botanical supplements include, fresh or dried products in different forms such as tablets, capsule, powder an... Read more
Malt extracts are majorly derived from barley but can be produced from other sources such as rye, oats, and sorghum. It is available in two forms: dry malt extract and liquid malt extract. Malt is a very crucial ingredient used in the production of beer as it provides... Read more
Definition of Market/Industry: Gum arabic is obtained from Acacia trees which are mainly cultivated in Africa, Sudan, Chad, and Nigeria. It is used as a binding, thickening, and stabilizing agents across the... Read more
Definition of Market/Industry: IQF fruits are fruits prepared by using IQF method technology where individual fruits are sent to the blast-freezers process for fast freezing in order to enhance the shelf-lif... Read more
Animal feed industry is experiencing a significant growth in the recent past, globally. The animal feed has a significant contribution in the global food industry. Feed is considered as an essential component to ensure safe, ample, and affordable animal proteins. ... Read more
Quick service restaurant is a specific type of restaurant that aims to serve fast food to the customer quickly and on time. They are the most demanding segment in the restaurant industry and are gaining rapid adoption across developing as well as the developed re... Read more
Definition of Market/Industry: Tahini is condiment prepared from toasted ground hulled sesame and is widely used across the Middle East, Eastern Mediterranean, and the South Caucasus cuisines. They are also in a va... Read more
Hydroponic is an advanced technology that involves growing of plants without soil. Hydroponic gardens offer all the nutrients to the plant without involving soil, sunlight, and extra labor. It involves the growth of plants in water. All the essential nutrients ar... Read more
Edible nuts are widely consumed around the globe and are rich in various essential nutrients such as minerals, fiber, potassium, and calcium. Edible nuts are also rich in other vitamins such as vitamin K, vitamin A, and iron. Peanuts, almond, hazelnuts, pistachio... Read more
Cassia gum is an additive derived from endosperms of the seeds of Senna obtusifolia, also known as cassia tora. It is widely used as a gelling agent, stabilizer, and emulsifier in the food and personal care industry. It also enhances the texture of food products such ... Read more
Probiotics are classified as beneficial bacteria’s that promote the healthy functioning of the gut. They are basically consumed to treat the digestive disorder. Probiotics improve the immune response and also preserve the proteins & lipids from oxidativ... Read more
The increasing awareness regarding health benefits of eggs such as presence of protein and vitamins among others is expected to drive growth of the egg processing market across the globe. The increasing demand for eggs from the food industry is another factor contribu... Read more
Red berries are pulpy fruits used across various food applications such as beverages, bakery, sauces, nutraceuticals, and snacks. They are also used in dairy food products to enhance flavors such as flavored ice creams and shakes. On the basis of nature the market is ... Read more
Processed superfruits have additional health benefits in terms of nutritional content compared to normal fruits. It has the highest content of antioxidants, minerals, amino acids, vitamins, and healthy fats. It can be used in preparing various beverages such as&n... Read more