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.
Ready-to-use Therapeutic Food Market 2017–2027 Ready to use therapeutic food (RTUF) is nutrient-enriched food used for treating malnutrition in children. This food contains important vitamins and minerals an... Read more
Frozen Pastries Market 2017-2027 Frozen pastries are confectionery products that undergo refrigeration before preparation. They have longer shelf-life with a rich source of nutrition and are also available in d... Read more
Gourmet Salts Market 2017–2027 Gourmet salt is untreated salt that is harvested naturally and has extra taste and flavor as compared to other salts. It is high-quality salt commonly used to cook food as it e... Read more
Frozen Fruits 2017—2027 Frozen fruit is one of the healthiest food items that one should consume as it is a rich source of vitamins, antioxidants, and minerals, all of which enhance the overall health. ... Read more
Genetically Modified Crops Market – Insights Genetically modified crops are plants which are utilized in agriculture, and their DNA has been modified using genetic engineering methods. The numerous b... Read more
Scottish Whisky Market- 2017-2027 Definition of Market/Industry: Scottish whisky is a malt whisky, which is made up of grains. Originally, Scottish whisky was ... Read more
Irish whiskey Market – Insights Irish whiskey is one of the oldest and most popular distilled spirit among consumers across the globe. It possesses a unique smooth flavor and appears as pale gold colo... Read more
Casein and Caseinate Market 2017–2027 Casein and caseinates are essential proteins that are mainly found in mammalian milk and are widely used in the preparation of various functional foods. Also, casei... Read more
Carrageenan Gum Market 2017-2027 Carrageenan gum is extracted from seaweed and is ideal for food additives as they have various range of gelling and emulsifying properties. Moreover, it is also used to treat ... Read more
Citrus Pectin Market- 2017-2027 Definition of Market/Industry: Citrus pectin is a naturally occurring polysaccharide found in citrus fruits such as oranges, li... Read more
Vitamin D Ingredients Market 2017–2027 Vitamin D belongs to the group of fat-soluble vitamins that occur naturally in food and are also available as a dietary supplement. Moreover, it is also produced when UV ... Read more
Sourdough Market 2017-2027 Sourdough is a dough that is prepared by fermentation of dough by using naturally lactobacilli and yeast culture. The sourdough is widely used to prepared bread, pizza, buns, cakes, cook... Read more
Bioactive Protein and Peptides Market 2017–2027 Bioactive peptides and proteins are derived from food and possess health-promoting properties and can be classified into antihypertensive, antibiotic, anticanc... Read more
Protein Ingredients Market 2017 – 2027 A protein is a macronutrient organic compound that is important for the building of muscles and consist of a chain of amino acids which are organic compounds compo... Read more
Cannabis Beverage Market – Insights Cannabis beverages includes different types of alcoholic and non-alcoholic beverages which are infused with cannabis or marijuana. Rising concerns regarding hangovers... Read more
Dressing Vinegar & Condiments Market 2017–2027 Dressing vinegar is mainly used as a salad dressing but can also be used as a marinade. Dressing vinegar is available in a different form such as lemon... Read more
Cold Pressed Juice Market 2017 – 2027 Cold-pressed juice is the juice that is prepared by using hydraulic press from fruits and veggies. Cold-pressed juice process does not involve spinning and blades but is... Read more
Contract Catering Market – Insights Contract catering is a catering company that is hired by an organization to provide catering services on a regular basis. Incre... Read more