Food & Beverage Market Overview
The Food & Beverage market database are associated with the processing of raw food products, packaging, and distribution. World Heath Organization (WHO) estimated that around 10% of the people, around 600 Million get ill after consumption of contaminated food, annually. This has resulted in around 420,000 deaths and loss of 33 Million healthy life years.
It includes fresh, ready to use food and packaged food, alcoholic and non-alcoholic drinks. The food consumption patterns have shifted from unprocessed foods to processed and ultra-processed foods. Developed countries have witnessed a decline in cooking trends and an increasing trend of snacking. Another key trend was an exponential growth in the vegan segment. The initial rumour said that the pandemic were spread through meat and meat derived products.
The meats market consists of the sale of meat stocks by sole traders, organizations and partnerships that offer and process beef, pork, sheep, goats, birds, and other animals. The firms distribute their stocks through several distribution channels to both commercial establishments and individual customers.
Mutton, pork, beef, and other meat products are part of meats products market.
The Asia Pacific region accounted for the largest share in the global meat market in 2020. Whereas North America accounted for the second-largest share. Africa had the smallest share in the global meats market.
Meat processing firms are utilising automation and robotics technology to maximize production performance. The robotic systems automate butchering, cutting, deboning and observing processes in meat production. This reduces cycle rates and enhances efficiency. Mechanization equips meat processing companies to improve plant requirements, decrease contamination, and secures meat processing for operators as well as consumers. JBS, the world’s biggest meat processor, has procured a preponderance stake in Scott Technology Ltd., an advanced robotics company, to automate meat processing plants to profit from the growing market for mechanisation in meat processing plants.
Customers are more likely to purchase processed foods like bread & cereals, frozen and packaged meals, and processed meat and fish products.
Certain factors influence customer choice of Food & Beverage items, which includes their preference for clean label products. Clean label products are free from synthetic additives and contaminants and are natural and organic.
There is also a trend towards migration towards meat substitutes and vegan based food products. Write to us for a free demo of the food and beverage market database.
The market is predominately driven by longer shelf-life products, rising disposable income, impulse purchasing, and shortage of time. The market grew from selling raw foods, such as frozen vegetables, meat, fish and fruits to prepared frozen foods such as vegetable mixes, bakery products and frozen desserts. Cakes and ice cream started as the chief product category in this market. The factors influencing the market’s growth include flavors, fat content, sweetness and texture.
The frozen fruits and vegetable segment holds the largest market share. This is due to the demand generated by developed countries such as the U.S., Germany, the U.K., Canada and France. Variations in lifestyle and the busy agendas of people are driving this segment. To play a vital role in the frozen potato products segment, a rise in consumption of fast food products such as french fries, pizzas, wedges and burgers.
For a suitable frozen dessert-based snack, many consumers provide health gains, excellent taste, and offers a wholesome snacking experience. The dairy segment in this sector can produce products with limited processing and low sugar content particularly advantageous for diabetic patients.
Fresh, Ready to use food, Substitutes and Packaged food, Alcoholic and Non-alcoholic drinks
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