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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 2020
Savory ingredients are the used in various food products during the manufacturing process in order to enhance the taste and flavors of the food product. Since ancient times, savory ingredients are pre-dominantly used in the Asian cuisines, especially in China and Japa... View more
Published Date : Mar 2020
Global grapefruit market is expected to exhibit a CAGR of 3.8% over the forecast period, owing to health benefits associated with the consumption of grapefruit. For instance, grapefruit helps in lowering the bad cholesterol, boosts immune system, reduces level of trig... View more
Published Date : Mar 2020
Pasta is an Italian food which is made from durum wheat, water or eggs and is formed into different noodle shapes and then cooked in boiling water. Couscous is prepared from crushed durum wheat (semolina) and is native to North Africa. Moreover, it is versatile i... View more
Published Date : Feb 2020
Ready-to-use therapeutic food is suitable for various diseases such as in treating malnutrition and diarrhea. This food contains important vitamins and minerals and is a rich source of energy and protein. It is made up of vitamin, vegetable oil, peanuts, powdered milk... View more
Published Date : Feb 2020
Frozen Fruits are maintained to below freezing point for the storage and transportation until they are ready to be eaten. Frozen fruits can be store throughout the year under controlled temperature with no spoilage of fruits. They are nutritious as well as rich in vit... View more
Published Date : Feb 2020
Casein is the milk protein, commonly found in mammalian milk. Casein is often used as an alternatives to other dairy-based proteins like whey protein. It is also known as “The other protein”. It is similar to other dairy-based proteins helping to build and... View more
Published Date : Jan 2020
Bioactive proteins and peptides are organic substances which are formed by amino acids. It has been defined as specific protein fragments which have helps to curing of diseases and provides health benefits to living organisms. In addition to this, the bioactive peptid... View more
Published Date : Jan 2020
Dressing vinegars and condiments are the spices and sauces which are added externally to the food. It can be used to impart certain flavor to enhance the taste and compliment the food. Condiments are widely used with take-away food products and fast foods as complimen... View more
Published Date : Jan 2020
Citrus oils can be derived from outer covering of citrus fruits such as orange, lime, lemon, grapefruit and others. They are a rich source of anti-oxidants and nutrients. Companies in food & beverage industry are using citrus oils as a food preservative owing to t... View more
Published Date : Jan 2020
Barley is a cereal grain which is a very rich source of nutrients and fiber. It is used as an ingredient in a variety of food products and as a brewing agent in alcoholic and non-alcoholic beverages. In Latin America, Barley grain is cultivated abundantly in Latin Ame... View more
Published Date : Dec 2019
Acerola is a fruit look like bright red cherry-like fruit, mostly found in Central America, California, Florida, Texas and South America. It is widely used as a natural health supplement and available in the liquid and powdered form. Moreover, it is also beneficial fo... View more
Published Date : Nov 2019
Melons are considered a healthy food type, as they are very low in fat content. Moreover, they are very rich in nutrients including vitamin A, C, and minerals such as magnesium, zinc, and iron. Moreover, melons are also potential source of antioxidants, which are requ... View more
Published Date : Nov 2019
Fish products are a major source of proteins, iodine and zinc. Major types of fish products include fish oil and fishmeal. Other fish products include fermented fish, fish sauce, and fish emulsions. Fish oil is used as a flavoring agent in the food industry and as a m... View more
Published Date : Aug 2019
The term ‘Pasta Filata’ is derived from an Italian phrase, which means ‘stretched curd’ or ‘spun paste’, referring to a unique stretching and plasticization process, which is used to manufacture all pasta filata cheeses. Pasta Filat... View more
Published Date : Jan 2019
The catering and foodservice contractor market is currently driven by the consumer’s inclination towards health and wellness. The rising awareness towards healthy eating is forcing catering and food service companies to provide healthier options in their food me... View more