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.
Bubble Tea Market – Insights Bubble tea is a Taiwanese drink also known as pearl milk tea, boba, or boba milk tea. It was invented in Taichung in the 1980s and is available in variety of flavors such as... Read more
Olive Oil Market – Insights Olive oil is extracted from olives and is considered as one of the healthy oil types, owing to its health benefits such as lowering of blood pressure. Olive oil is offered as... Read more
Pasta Filata Cheese Market – Insights Pasta filata cheese is also known as spun paste or stretched curd. Pasta filata refers to the process of making cheese, in which heating and stretching curd takes p... Read more
Mozzarella Cheese Market – Insights Mozzarella cheese is a low fat cheese. Increasing awareness regarding health issues caused by food containing high fats and calories such as cardiovascular diseases h... Read more
Global Artisanal Ice Cream Market – Insights Artisanal ice cream is a handmade ice cream made by an artisan or skilled craftsperson. The ingredients used in artisanal ice cream include mi... Read more
Global Yerba Mate Market – Insights Yerba mate is a species of the Holly genus with botanical name IIex paraguariensis. It is a plant used to make beverage known as mate and is also used ... Read more
Global Halal Food Market – Insights The term “Halal” is defined as permissible and in alteration it is used as lawful. Halal food is prepared following Islamic dietary laws an... Read more
Online Takeaway Food Market- 2017-2027 Definition of Market/Industry: Online takeaway food market is gaining traction due to increasing disposable income and i... Read more
Global Protein Cookie Market – Insights Protein cookie is a rich source of energy and protein. These cookies offer various health benefits such as reduction of blood pressure and improvem... Read more
Global Frozen Meat Market – Insights The market is projected to reach US$ 33.9 billion by the end of 2027, at a CAGR of 4.9% over the forecast period, attributing to increasing demand for... Read more
Global Chocolate and Gourmet Dates Market – Insights Chocolates are a rich source of antioxidants owing to the presence of cocoa as a raw material. Gourmet dates have health benefits owin... Read more
Global Catering and Food Service Contractor Market – Insights Catering is a very critical part of the business, especially for network carriers serving long distances. Meal design and meal planning are ... Read more
Definition of Market/Industry: Infant formula is also referred to as a baby formula that has a rich nutritional value such as carbohydrates, vitamins, proteins, fats, and minerals. This formula is prepared for th... Read more
Global Inflight Catering Market – Insights Inflight or airline catering is a service provided by companies during air travel and at the airports. Catering becomes a very critical part of ... Read more
Citrus Oils Market 2017–2027 Citrus oil is a type of essential oil and is widely used in aromatherapy and this includes orange, lime, grapefruit, lemon, and bergamot essential oil. Most of the citrus oi... Read more
Food Irradiation Market– Insights Food irradiation is a process in which gamma rays, electron beam, and X-rays are used to sterilize, disinfect, and preserve food. Irradiation helps to reduce food spoil... Read more
MENA Halal Food Market – Insights Halal, in Arabic language, stands for lawful or permissible. Due to unclean food processing & packaging methods, food might get contaminated with bacteria or pathog... Read more
Meat Substitute Market – Insights Meat substitute also called as meat analogue is a meatless food that has similar appearance, taste, and texture as food made from meat, fish, and poultry. It is majorly... Read more