The Insight Partners explore latest market research reports on Food and Beverages that cover key segments, growth, sales, strategies, and specifics within the global Food and Beverages industry. We are also dealing in custom market research report based on the client requirements.
Food & beverages is emerging as a lucrative industry in the world owing to rising global population, surging urbanization, The Insight Partners explore latest market research reports on Food and Beverages that cover key segments, growth, sales, strategies, and specifics within the global Food and Beverages industry. We are also dealing in custom market research report based on the client requirements.
Food & beverages is emerging as a lucrative industry in the world owing to rising global population, surging urbanization, increasing per capita disposable income, and growing organized retail industry. Moreover, the food & beverages industry is experiencing significant growth in developing nations of Asia Pacific, especially India and China, due to the continuous penetration of e-commerce in this industry. According to the analysis of The Insight Partners, the global food & beverage industry valued at US$ 5.7 trillion in 2019 and is projected to reach US$ 8.3 trillion by 2025; it is expected to register a CAGR of 7% during 2020–2025. The US, India, China, Japan, Spain, and the UK are the major countries contributing to the growth of this industry.
The rising trend of veganism and escalating consumption of organic, gluten-free, and kosher food products are among the other factors contributing to the food & beverages industry growth. At ingredient or B2B level, the industry is segregated into additives and ingredients. Changing consumer preferences have had a major impact on the evolution of additives and ingredients segment. In the current market scenario, ingredient manufacturers are focusing on plant-based, organic, gluten-free, natural, and clean label ingredients and additives. China and the US are among the major countries in the global food & beverage ingredients and additives market in terms of both production and consumption. However, India is expected to emerge as the most lucrative market due to the increasing foreign direct investments in the country.
In terms of market competition, the food & beverages industry is highly fragmented with the presence of numerous regional and global industry players with vast product lines. A few of the prominent players active in the industry are The Coca-Cola Company,Bayer AG, Syngenta, Nestle S.A, Anheuser-Busch InBev, Land O’ Lakes, Archer Daniels Midland (ADM) Company, Philip Morris International Inc., PepsiCo Inc., Cargill Incorporated, Tyson Foods, Inc., Kraft Heinz Company, and Sysco Corporation. To sustain in such highly competitive food & beverages market, vendors are adopting growth strategies such as mergers, acquisitions, product innovations, partnerships, and expansions.