The food and beverages industry comprise establishments engaged in manufacturing beverages, food, pet food and tobacco products. The companies in the food and beverages industry process raw materials into food products, package and distribute them through various distribution channels to both individual customers and commercial establishments.
Food and beverage market in this report is segmented into alcoholic beverages, non-alcoholic beverages, grain products, bakery & confectionary, frozen and fruit & veg, diary, meat, poultry and sea food, syrup, seasoning, oils, & general food, pet food, tobacco products.
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The global food and beverages market has been growing in the past years with a CAGR of almost 4%. The year 2017 recorded high growth in this market with a net market value more than 13% higher than that of 2013, as per TBRC’s in-house consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the global food and beverages market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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Many manufacturers and producers are increasingly using natural ingredients and have also reduced the use of artificial colors and flavors. Health concerns of consumers is increasing the sales of products with natural ingredients, additives and coloring agents. For instance, Pizza Hut stopped using artificial flavors and colors in its US stores in 2015.
Food and beverage manufacturers should look to gain a stronger foothold in the increasingly popular healthy food products segment, either by introducing products with natural additives and coloring agents or by acquiring smaller firms that produce products with natural ingredients.
Companies included in the report are Nestlé S.A., Philip Morris International Inc., PepsiCo, JBS S.A., Anheuser Busch InBev, and Tyson Foods, Inc.
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