The food industry caters to a broad range of products such as consumer food, animal food, food additives, food ingredients, and others. The beverages industry comprises products such as alcoholic drinks, non-alcoholic drinks, juice/health drinks, and aerated drinks.
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VIEW REPORTThe food industry caters to a broad range of products such as consumer food, animal food, food additives, food ingredients, and others. The beverages industry comprises products such as alcoholic drinks, non-alcoholic drinks, juice/health drinks, and aerated drinks. The industry also has foundations occupied with assembling beverages, food, pet food and tobacco items.
The companies in this industry process raw materials into food products, package and distribute them through different channels to both individual clients and business foundations. The global food and beverage market have seen relatively healthy growth over the past couple of years and is expected to continue in future. A steady rise in household cash flow and disposable income has influenced the consumption patterns of this industry. Growth in the emerging economy combined with population expansion and a surge in government control are affecting the food manufacturing companies and their business strategies. Numerous producers are using natural ingredients and have likewise diminished the use of artificial colors and flavors. Health concerns of consumers combined with rising disposable income has driven the “organic” and alternative food market where mindfulness of the product ingredients constantly comes into question and directly impacts shopping choices.