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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 2023
Flavors and fragrances are used in the food, beverage, pharmaceutical, cosmetic, and household goods industries to enhance, blend, color, preserve, and provide aroma. They are made from a variety of ingredients such as lactones, acids, esters, ketones, alcohol, and al... View more
Published Date : Mar 2023
Pea starch is one of the most widely used plant-based carbohydrates in the food industry. It can be used in a wide variety of applications to improve the texture, consistency, and nutritional value of a range of foods. It is also an excellent source of soluble dietary... View more
Published Date : Mar 2023
An inflight catering, airline food, or in-flight meal is a meal served to passengers on board a commercial airliner. These meals are prepared by specialist airline catering services and normally served to passengers using an airline service trolley. The quality and qu... View more
Published Date : Mar 2023
The Global Distilled Spirits Market was valued at US$ 30.5 Billion in 2022 and is expected to expand at a CAGR of 4.89% in terms of revenue and market value is expected to reach US$ 44.7 Billion during 2023-2030. Distilled spirits ... View more
Published Date : Mar 2023
Halal food industry is projected to gain major traction in the MENA region in the near future due to the rapid penetration of halal food distribution channels in the region. Moreover, increasing awareness about halal food and rapid adoption of halal food as safe and n... View more
Published Date : Jan 2023
Bacon is a delicious and versatile meat. It has a crisp texture and rich, salty flavor. It can be consumed with eggs in a breakfast sandwich. The origins of bacon are complex. Traditionally, it was produced on local farms. Today, it is manufactured in large-scale fact... View more
Published Date : Jan 2023
Food release agents are an essential part of the baking procedure. They are used to prevent baked products from sticking to the surface or mold. In food manufacturing, they are used to coat the product, the pan or the conveyor belt. Release agents are typically catego... View more
Published Date : Jan 2023
Seafood is a major source of food in coastal areas worldwide, and according to Coherent Market Insights, the overall trade of the seafood industry was estimated to around US$ 150 billion in 2017, making it one of the most valuable industry, globally. According to Word... View more
Published Date : Jan 2023
Rising trend of eating outside is a major factor driving growth of the QSR market. According to Coherent Market Insights, the QSR industry is expected to exhibit a CAGR of 5.18 % during the forecast period. Furthermore, geographic expansion by various... View more
Published Date : Dec 2022
Canned mushrooms provide nutrients such as protein, vitamins B and vitamin C, fiber, calcium, and minerals. Salt or monosodium glutamate and ascorbic acid are added to these mushrooms to improve their shelf-life. Mushrooms are marketed as fresh, dried, and preserved. ... View more
Published Date : Dec 2022
Plant based meat product refers to a diet that does not expect animal byproducts, they just focuses on plant foods such as seitan. Plant based meats are products designed to imitate animal meat. In plant based meat commonly found ingredients are legumes, soybeans, veg... View more
Published Date : Dec 2022
Vegan yogurt is generally creamy & healthy and can be used in sweet as well as savory dishes because it is flexible for making the dishes and popular choice for chefs to add flavor and excitement to their dishes or menus. Vegan yogurt helps to fulfil all the nutri... View more
Published Date : Dec 2022
Shrimps are increasingly gaining popularity among consumers worldwide. The consumption of shrimp is associated with various health benefits, as it has a high content of nutrients such as selenium, carotenoid, and vitamin B12. Furthermore, a wide variety of shrimps are... View more
Published Date : Dec 2022
Alfalfa, also known as lucerne, is a legume crop that grows in the legume family Fabaceae. It is a major forage crop in many countries, and is used in many applications, including hay and silage. Alfalfa hay contains high amounts of protein, calcium, and vitamins. It ... View more
Published Date : Dec 2022
The natural food additives are obtained from natural raw materials plant, animals, minerals, and others. Various synthetic food additives are available in the market as well. Natural food additives such as salt and sugar are being used for centuries in order to preser... View more
Published Date : Nov 2022
Vitamin A is a fat-soluble unsaturated organic compound. It is often found in natural food products. It includes carrots, eggs, milk, cheese, and other dairy products. Furthermore, it can be synthesized from plants, fish oil, and other bacterial precursors of caroteno... View more
Published Date : Nov 2022
Phosphoric acid is usually used to acidify foods and beverages, adding a tangy flavor. Phosphoric acid is also used as a rust remover. It is safe for human consumption when produced in accordance with appropriate manufacturing practices. Phosphoric acid can improve th... View more
Published Date : Nov 2022
Food intolerance is a condition in which the digestive system unable to digest certain food properly. People with food intolerance typically use products to alleviate their symptoms, including gluten-free products and dairy alternatives. These products can be purchase... View more
Published Date : Oct 2022
Food premix is blended with minerals, vitamins, and other functional ingredients and they are used in fortification for food & beverages. Premix is the food product that helps to manage the weight and provide essential nutrition required by the body. These food pr... View more
Published Date : Oct 2022
The global market of low-calorie food is growing at substantial rate, owing to the rise in elderly population across the globe. In addition to this, adoption of healthy lifestyle and increasing health awareness among consumers is expected foster the growth of the mark... View more