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

Edible Oils Market, By Types (Palm Oil, Soybean Oil, Sunflower Oil, Olive Oil, Corn Oil, Canola Oil, Speciality Blended Oil, Other oil), By End User (Foodservice, Food Processor, Retail), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published Date : Mar 2022

Edible oils are fatty liquids that are widely used in the preparation of food and are derived from various vegetable sources. Edible oils possess various health benefits due to its nutritious constitute. For example, an omega-3 fatty acid present in the edible oil off... View more

Coherent Market Insights

Worcestershire Sauce Market, by Product Type (Certified Organic, Certified Gluten Free, and Certified Kosher), by End-use (Residential and Commercial), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published Date : Mar 2022

The global worcestershire sauce market is estimated to surpass US$ 1,101.59 million by the end of 2028, in terms of revenue, exhibiting a CAGR of 4.5% during the forecast period (2021 to 2028). ... View more

Coherent Market Insights

Germany Nutritional Supplements Market, by Ingredient (Vitamin, Protein, Fatty Acids, Botanical, Minerals, and Others), by Form (Capsule, Powder, Tablet, Liquid, and Others), and by Product Type (Dietary Supplements, Sports Supplements, Beauty Supplements, and Others (Specialty Supplements, etc.)) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published Date : Feb 2022

Nutritional supplements are food products satisfying dietary requirements arising from physical or physiological condition or specific diseases and disorders. Being a combination of ‘nutrition’ and ‘pharmaceutical’ it is used as a medicinally f... View more

Coherent Market Insights

U.S. Liquid Coffee for Foodservice Application Market, by Coffee Type (Espresso, Cappuccino, Americano, Latte, and Others), by Serving Type (Hot Coffee and Cold Coffee), by Application (Take Away/Delivery and Dine-in Coffees), and by Foodservice Type (Coffeehouse & Beverage Shops, Bakery Shops & Restaurants, and Others) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published Date : Feb 2022

Service of the coffee industry is a massive global business. Coffee has various possible health benefits due to its high caffeine content, and it is known to have a psychoactive ‘effect. Coffee in the food service industry has been around for a while, but due to... View more

Coherent Market Insights

Indonesia Infant Nutrition Market, by Product Type (Baby Food and Infant Formula), by Distribution Channel (Hypermarket, Supermarket, Specialty Store, Online, and Others), and by Formulation (Ready to Eat, Powder, and Liquid) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published Date : Feb 2022

Food is the primary source of important nutrients that the human body requires to function properly. Similarly, infants require sustenance for optimal development and growth, which is primarily obtained through breast milk. Breast milk can be replaced with infant nour... View more

Coherent Market Insights

Middle East Coconut Products Market, by Product Type (Coconut Powder, Coconut Water, Coconut Milk/Cream, Coconut Oil, and Others) and by Country (Saudi Arabia, U.A.E, Qatar, Oman, Bahrain, Kuwait, Israel, Iran, Iraq, Egypt, Turkey, and Rest of Middle East) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published Date : Feb 2022

Coconut oil is extensively consumed by the cosmetics industry for manufacturing various products for skin and hair care applications. Numerous manufacturers also use coconut oil in packaged food products, and many consumers use it for cooking foods such as fried foods... View more

Coherent Market Insights

Europe Tomato Seeds Market, by Trait (Genetically Modified and Conventional), by Product Type (Hybrid Tomato Seeds and Open Pollinated/Heirloom Tomato Seeds), by Plant Growth Habit (Determinate & Semi-determinate, and Indeterminate), and by Country (U.K., Germany, Italy, France, Russia, Spain, and Rest of Europe) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Published Date : Dec 2021

Tomatoes are one of the most important contributors to food security. They have various nutritional as well as nutraceutical properties. Tomatoes help people manage blood pressure and improve their skin health. Moreover, tomatoes strengthen immune systems. Tomato seed... View more

Coherent Market Insights

Grape Seed Extract Market, by Form Type (Powder, Liquid, and Gel), by Application (Food & Beverages, Personal Care, Cosmetics, Nutritional Supplements, Pharmaceutical, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Nov 2022

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,... View more

Coherent Market Insights

Vitamin A Market, by Source (Natural and Synthetic), by Product Type (Food Grade, Feed Grade, and Pharmaceutical Grade), by Form (Powder and Liquid), by Application (Food & Beverages, Dietary Supplements, Clinical Nutrition, Animal Feed, and Personal Care & Cosmetics), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published Date : Nov 2022

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... View more

Coherent Market Insights

Botanical Supplements Market, By Application (Food and beverages, Pharmaceutical, Personal care), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Published Date : Oct 2020

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... View more

Coherent Market Insights

Europe Malt Extract Market, By Application (Bakery, Confectionary, Beverages (Alcoholic, Non-Alcoholic), Animal Feed, Pharmaceuticals), By Source (Barley, Wheat, Rice Rye), By Product Form (Dry, Liquid), By Product Type (Standard, Specialty), and By Region (Western Europe, Eastern Europe) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Published Date : Aug 2020

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... View more

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