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.
Global Canned Mushrooms Market - Insights Canned mushroom are made from fresh mushroom by trimming, washing, and sorting and stored into sealed container. Specific temperature or heat is provide to these to assure preservation of the mus... Read more
Global Foodservice Disposable Distribution Systems Market – Insights Rising demand for fast food is one of the major factors driving growth of the food service disposable distribution systems market. Hi... Read more
Global Sustainable Seafood Market - Insights Sustainable seafood refers to marketing and distribution of seafood through aqua farming or through wild catch in ways that would not harm the long ... Read more
Global Hot Dogs and Sausages Market – Insights A hot dog is a grilled or steamed sausage sandwich consisting of a hot dog bun along with a meat sausage. Hot dog bun is a bakery product ma... Read more
Global Instant Coffee Market – Insights Instant coffee is coffee powder that is produced by coffee beans that have been brewed at a higher Coffee-to-Water ratio as compared to regular cof... Read more
Chia Seeds Market – Insights Chia is edible seed of plant Salvia hispanica, a flowering plant found in Latin America. Latin America is considered as one of the main suppliers, as the region accounted fo... Read more
Global Pistachio Market – Insights Pistachio are seeds of the plant Pistachia Vera. They are rich in various nutrients such as proteins, dietary fibers, vitamin K, vitamin B-6, thiamin, c... Read more
Shrimp Market – Insights Shrimps are classified as decapod crustaceans that play important roles in the food chain and are an important food source for larger animals ranging from fish to whales. Humans... Read more
Poultry Market – Insights Poultry are domesticated birds such as chicken, duck, turkey, and geese, which provide food and fiber. Poultry market is expected to witness significant growth over the forecas... Read more
Global Tomato Seeds Market – Insights Tomatoes can be effective for lowering blood pressure, strengthening immune system, and improving skin health. Tomatoes contain potassium, which help... Read more
Frozen Processed Food Market – Insights The processed food is frozen to control the microbial growth and to retain the quality of processed products over long period. The frozen processed food products ... Read more
Global Kefir Market - Insights Kefir is a fermented drink made from kefir grains and possesses the consistency of drinkable yogurt. Kefir grains are described as combinations of bacteria and yeasts living on a substrate, made up of vario... Read more
Global Baby Food Market-Insights Baby food is especially developed for infants and toddlers, aging between four months to two years. The soft and easily consumed food product fulfills nutritional requirement ... Read more
Sports nutrition are food products specifically designed for bodybuilders and athletes to improve the overall health of the sports nutrition. These products act as a fuel that is required during the intense workouts in order to increase the performance and boost ... Read more
Nisin – Insights Nisin is a polypeptide that is ribosomally synthesized by Lactococcus lactis. It is an antibiotic classified as Type A (I) lantibiotic. Nisin shows broad spectrum antibacterial... Read more
Global Chocolate Market – Insights Chocolate is a typically sweet, usually brown comfort food prepared from cocoa tree in the form of blocks, liquid, or paste. Chocolate is used as flavoring ingredients... Read more
Global Distilled Spirits Market - Insights Distilled spirits are a class of alcoholic beverage obtained from distillation of mixture produced from alcoholic fermentation. The distillation process primarily in... Read more
Global Wine Market – Insights The global wine market was valued at US$ 296.03 billion in 2016 and is slated to reach US$ 404.64 billion by 2025. The market is expected to exhibit a CAGR of 3.23% during ... Read more