Food and Beverages

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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

Food Grade Phosphoric Acid Market, By Application (Food, Beverages, Pharmaceutical), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Nov 2022

The global food grade phosphoric acid market size was valued at USD 3,146.20 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 3.98% from 2022 to 2030. The market for food grade phosphoric acid is driven by increasing demand for pac... View more

Coherent Market Insights

Food Allergen Testing Market, By Technology (Biosensors-based, Immunoassay-based/ELISA (Enzyme-Linked Immunosorbent Assay), PCR (Polymerase Chain Reaction)-based, Other Technologies), By Food Tested (Processed Food, Baby Food, Beverages), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Nov 2022

The global Food Allergen Testing market size was valued at USD 721.49 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 7.26% from 2022 to 2030. The food allergen testing market is expected to witness significant growth over the for... View more

Coherent Market Insights

Food Intolerance Products Market, By Product Type (Bakery Products, Confectionery Products, Dairy and Dairy Alternatives, Meat and Seafood, Sauces, Condiments, and Dressings, Other Product Types), By Labeling Type (Lactose-free Food, Gluten-free Food, Other Labeling Types), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Nov 2022

The global food intolerance products market size was valued at USD 17,722.98 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 7.79% from 2022 to 2030. There are several factors driving growth of the food intolerance products market... View more

Coherent Market Insights

Inulin Market, By Application (Food and Beverage, Dietary Supplements, and Pharmaceuticals) and By Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published Date : Oct 2022

The global inulin market was valued at US$ 1,556.5 Mn in 2021 and is forecast to reach a value of US$ 2,362.1 Mn by 2028 at a CAGR of 6.1% between ... View more

Coherent Market Insights

Industrial Starches Market, By Type (Native Starch, Starch Derivatives and Sweeteners), By Source (Corn, Wheat, Cassava, Potato, Other Sources), By Application (Food, Feed, Paper Industry, Pharmaceutical Industry, Other Applications), and By Geography (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Sep 2022

The global industrial starches market size was valued at USD 51,496.75 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 5.40% from 2022 to 2030. Global expansion of food processing sector is driving growth of the industrial starche... View more

Coherent Market Insights

EPA and DHA Market, By Type (Eicosapentaenoic Acid (EPA), Docosahexaenoic Acid (DHA)), By Source (Fish Oil, Algae Oil, Krill Oil, Other Sources), By Application (Infant Formulae, Dietary Supplements, Fortified Food and Beverages, Pharmaceuticals, Other Applications), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Sep 2022

The global EPA and DHA market size was valued at USD 1,626.10 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 6.76% from 2022 to 2030. Growing demand for concentrated form of omega-3 ingredients is predominantly fueling growth of ... View more

Coherent Market Insights

Compound Feed Market, By Ingredient Type (Cereals, Cakes and Meals), By Animal Type (Ruminants, Poultry, Swine, Aquaculture, Other Animal Types), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Aug 2022

The global compound feed market size was valued at USD 458,410.80 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 4.10% from 2022 to 2030. Increasing consumption of meat wo... View more

Coherent Market Insights

Coconut Milk and Cream Market, By Category (Organic, Conventional), By Application (Processed Food, Retail/Packaged Coconut Milk and Coconut Cream, Foodservice), By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Aug 2022

Coconut milk and cream are popular among vegans, vegetarians, and those who have dairy allergies or intolerances. They are also popular in drinks and sauces, as they are naturally sweet and smooth. Coconut cream is made by cooking sweetened coconut cream. Basically, f... View more

Coherent Market Insights

Energy Bar Market, By Type (Organic, Conventional), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, Other Distribution Channels), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East, & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Aug 2022

An energy bar is a supplemental bar that is generally made with cereals, micronutrients, and flavouring ingredients. Its primary purpose is to provide quick energy. However, energy bars may contain added nutrients and may be marketed as a functional food. ... View more

Coherent Market Insights

Swine Feed Market, By Ingredients (Cereals, Cereals by products, Oil Seed Meal, Oils, Molasses, Supplements, Others), By Supplement (Antibiotics, Vitamins, Antioxidants, Amino Acids, Acidifiers, Enzymes, Other Types), By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Aug 2022

Swine feeds typically contain cereal grains, which are high in energy but low in fiber. Corn is the most common grain used in swine rations, but other grains are often used as base ingredients. Although corn is an excellent source of energy, soybean meal is often the ... View more

Coherent Market Insights

Rennet Market, By Type (Animal-Derived Rennet, Microbial Rennet, FPC-Fermentation Produced Chymosin Rennet, Vegetable Rennet), By Form (Liquid, Powder, Paste), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Aug 2022

Rennet is an enzyme complex produced in the stomach of ruminant mammals. Its main component is chymosin, a protease enzyme that curdles the casein in milk. There are also other enzymes in rennet. Together,... View more

Coherent Market Insights

Riboflavin Market, By Source (Chemical Synthesis, Fermentation), By Form (Powder, Liquid), By Application (Food and Beverages, Dietary Supplements, Pharmaceutical, Animal Feed, Personal Care, Other Applications), By Geography (North America, Latin America, Europe, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Aug 2022

Riboflavin is a nutrient important for the body's metabolism. Deficiency in this vitamin can impair the metabolism of other nutrients. People with this deficiency will have diminished levels of flavin coenzymes. They may also develop cataracts or anemia. People with a... View more

Coherent Market Insights

Collagen Supplements Market, By Source (Marine & Poultry, Porcine, and Bovine), By Form (Pills & Gummies, Powder, and Liquid/Drinks), By Sales Channel (Pharmacy, Specialty Store, and Online Store), and By Region (North America, Europe, Asia-Pacific, and LAMEA) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published Date : Jul 2022

Collagen is a major component of the skin. It plays an important role in strengthening skin, as well as in elasticity and hydration. As people age, the body produces less collagen, leading to dry skin and the formation of wrinkles. Therefore, there is an increasing de... View more

Coherent Market Insights

France Kosher Food Certification Market, by Food Type (Dairy Products, Meat, Poultry & Seafood Products, Infant Food Products, Bakery & Confectionery, Beverages, and Others (Sauces, etc.)), and by End User (Individual products, Production facilities, and Retail premises)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Jul 2022

The process of certifying that a certain food product has been prepared according to Jewish dietary regulations is known as kosher food certification. These restrictions, known as kashrut, regulate how foods are made, what ingredients can be used, and which animals ca... View more

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