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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:
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.
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
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
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
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
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
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
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
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
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
Published Date : Feb 2024
The global asparagus market has been gaining significant traction in recent years, driven primarily by the rising consumer preference for healthy vegetables. Asparagus is a popular low-calorie vegetable that is rich in nutrients like folate, vitamin K, and fiber. It a... View more
Published Date : Feb 2024
Coconut wraps are a type of food product made from coconut meat or coconut pulp. They are a popular alternative to traditional wheat-based or grain-based wraps and tortillas, particularly for individuals who follow gluten-free or grain-free diets. ... View more
Published Date : Feb 2024
Hopped malt extract is a versatile ingredient commonly used in the brewing industry. It is made by extracting the flavors and aromas from hops and combining them with malt extract. This unique combination gives hopped malt extract its distinct bitter taste and adds co... View more
Published Date : Feb 2024
Nitric oxide is a chemical compound naturally produced within the body that plays a crucial role in various physiological processes. It acts as a vasodilator, meaning it relaxes and expands blood vessels, thereby increasing blood flow and improving the oxygen and nutr... View more
Published Date : Feb 2024
Pumpkin spice has become the quintessential flavor of fall in North America. Originating from pumpkin pie spices used to flavor pumpkin pies during Thanksgiving, the popularity of this spice blend has grown exponentially over the past decade. Composed of cinnamon, nut... View more
Published Date : Jan 2024
Fiber supplements have gained significant popularity in recent years as people become more aware of the importance of fiber in their diet. Fiber is an essential nutrient that aids in digestion, promotes gut health, and helps maintain a healthy weight. However, due to ... View more
Published Date : Jan 2024
The global herbal extract market has been gaining significant traction over the past few years due to the increasing consumer awareness about the health benefits of herbal extracts. Herbal extracts are concentrated forms of plants that are prepared by removing the act... View more
Published Date : Jan 2024
The global vegan tuna market has witnessed substantial growth in the recent years. Vegan tuna is a plant-based alternative to tuna that aims to provide a similar taste and texture to real tuna without involving animal products. Rising health and environmental concerns... View more
Published Date : Jan 2024
Protein crisps have emerged as a popular snack option in recent years, catering to the growing health-conscious consumer base. These crispy snacks offer a high protein content while being low in carbohydrates and fat, making them an ideal choice for individuals lookin... View more
Published Date : Dec 2023
Colloidal silver is a popular alternative health product that has gained significant attention in recent years. It is a suspension of tiny silver particles in a liquid solution, typically water. The use of colloidal silver dates back to ancient times, where it was com... View more
Published Date : Dec 2023
Tahini can be defined as a paste or condiment made from toasted ground-hulled sesame. Tahini is a rich source of calcium, Vitamin B, proteins, and fatty acids and therefore its consumption helps in maintaining good health. Tahini is used in numerous cuisines such as E... View more