Food & Beverages industry is witnessing significant innovations, consumer shifts, and transformations.
The increasing consumers demand for nutritious food, and better food packaging is driving the growth of this industry.
According to food industry experts growth of this industry is mainly propelled by the rising demand developing countries which includes China, India, and Brazil.
Increasing population, economic growth, and rising disposable income are supporting the growth of this industry.
Must Read: Unearthing the In & outs of Food Robotics by Industry Experts This food & beverage manufacturing is supported by many segments which include groceries, oil& fats, food additives, functional foods, packaged foods, nutritious food, canned food, baked food, animal food, soft drink, ready to cook food, soft drinks, alcoholic drinks, and packaging.According to a Market Research Expert, The Global Food and Beverages Industry is expected to reach a value of USD9471.66 Bn by 2022.
According to Statista, user’s penetration in the food & beverages industry was 18.8% in 2018 and is anticipated to reach up to 28.8% by 2023.Food & Beverages industry experts, says that primary trends fuelling the demand for this industry comprises of food delivery at your doorsteps, increasing demand for e-grocery, delivering customized food, and food packaging innovations.