Food and Beverages Industry Overview

The alcoholic beverages market consists of sales of alcoholic beverages by entities (organizations, sole traders and partnerships) that produce alcoholic beverages through the fermentation process and that produce distilled alcoholic beverages. The companies in the alcoholic beverages industry process raw materials into alcoholic beverages, package and distribute them through various distribution channels to both individual customers and commercial establishments. The alcoholic beverages market is segmented into beer; wine and brandy and spirits. The global alcoholic - beverages market is expected to grow from $499.74 billion in 2020 to $546.15 billion in 2021 at a compound annual growth rate (CAGR) of 9.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $735.83 billion in 2025 at a CAGR of 8%. Asia Pacific was the largest region in the global alcoholic - beverages market, accounting for 42% of the market in 2020. North America was the second largest region accounting for 24% of the global market. Middle East was the smallest region in the global alcoholic - beverages market. World population is growing and is expected to reach 10 billion by 2050 . Increase in population creates more demand for alcoholic-beverages. Crop production, farming activities and trade volumes will have to increase in order to meet increased population. Therefore, companies in this market are expected to benefit from rising demand for alcoholic - beverages products due to rising population, during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the alcoholic - beverages market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Food and beverage manufacturers depend on supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to lack of raw materials. Also, restrictions on trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the alcoholic - beverages market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Alcoholic beverage manufacturers are now offering ready-to-mix hybrid beverages to cater to changing consumer tastes and preferences. Hybrid beverages are a blend of alcoholic drinks from multiple beverage categories. They are prepared by using unique flavor combinations, ingredients and production methods from multiple drinks. For example, producing spirits or beers in a wine barrel to give them a distinct taste. Hybrid beverages are particularly evident in the spirit category, with products such as beer mixed with rum and tea mixed with vodka. Some of the popular hybrid beverages in the market include Malibu Red (rum and tequila), Kahlua Midnight (rum and Kahlua) and Absolut Tune (vodka and sparkling wine). Major companies in the market include Anheuser Busch InBev; Heineken; Diageo; Carlsberg Group; Pernod Ricard. The countries covered in the global alcoholic - beverages market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global alcoholic - beverages market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global alcoholic - beverages market is segmented - 1) By Type: Beer, Wine And Brandy, Spirits 2) By Distribution Channel: Off-Trade Channels, On-Trade Channels 3) By Category: Mass, Premium Subsegments Covered: Ales, Lagers, Stouts & Porters, Malts, Wine, Brandy, Whiskey, Vodka, Rum, Tequila, Gin, Other Spirits

The non-alcoholic beverages market consists of sales of beverages that do not contain any alcohol by entities (organizations, sole traders and partnerships) that produce beverages that do not contain any alcohol. The companies in the non-alcoholic beverages industry process raw materials into non-alcoholic beverages, package and distribute them through various distribution channels to both individual customers and commercial establishments. The non-alcoholic beverages market is segmented into coffee and tea and soft drink and ice. The global non alcoholic - beverages market is expected to grow from $378.38 billion in 2020 to $410 billion in 2021 at a compound annual growth rate (CAGR) of 8.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $532.3 billion in 2025 at a CAGR of 7%. Asia Pacific was the largest region in the global non alcoholic - beverages market, accounting for 39% of the market in 2020. Western Europe was the second largest region accounting for 24% of the global market. Africa was the smallest region in the global non alcoholic - beverages market. World population is growing and is expected to reach 10 billion by 2050 . Increase in population creates more demand for food. According to the American Society of Nutrition, the consumption of sugar-sweetened beverages was highest in Mexico. Crop production, farming activities and trade volumes will have to increase in order to meet increased population. Therefore, companies in this market are expected to benefit from rising demand for food and beverage products due to rising population, during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the nonalcoholic - beverages market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Food and beverage manufacturers depend on supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to lack of raw materials. Also, restrictions on trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the non alcoholic - beverages market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Increasing health awareness and consciousness among consumers, is driving the demand for beverages that provide nutrition, antioxidants and probiotics. Health beverages support detoxing, weight loss, digestive health, nutrition and in some cases act as meal replacements. For instance, Kombucha, a fermented tea made from a mix of yeast, bacteria culture, sugar and tea is increasingly being consumed as a health beverage. According to the Beverage Daily, the kombucha market is expected to grow 25% annually until 2020. To cater to the health beverages market, Pepsi is launching products such as organic Gatorade. Major companies in the market include PepsiCo; Coca-Cola; Nestlé; Suntory Holdings Limited; Red Bull GmbH. The countries covered in the global non alcoholic - beverages market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global non alcoholic - beverages market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global non alcoholic - beverages market is segmented - 1) By Type: Coffee And Tea, Soft Drink And Ice 2) By Distribution Channel: Off-Trade Channels, On-Trade Channels 3) By Category: Mass, Premium Subsegments Covered: Coffee, Tea, Soft Drinks, Ice

The grain products market consists of sales of grain products by entities (organizations, sole traders and partnerships) that mill flour meal from grains or vegetables, prepare flour mixes or doughs from flour, mill, clean and polish rice and produce malt from barley, rice and other grains. The companies in the grain products industry process raw materials into grain products, package and distribute them through various distribution channels to both individual customers and commercial establishments. The grain products market is segmented into flour, rice and malt and other grain products. The global grain products market is expected to grow from $314.87 billion in 2020 to $347.27 billion in 2021 at a compound annual growth rate (CAGR) of 10.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $473.17 billion in 2025 at a CAGR of 8%. Asia Pacific was the largest region in the global grain products market, accounting for 42% of the market in 2020. North America was the second largest region accounting for 24% of the global market. Africa was the smallest region in the global grain products market. The increasing demand for local, sustainable and organic food production is expected to positively impact the dairy food market during the forecast period. Organic food production including organic dairy products places a strong emphasis on consumer health, environmental protection and animal welfare. Consumers now are becoming more concerned with how food is raised and prepared and are willing to pay a little more for something they recognize as healthy. Across Europe, there is a very high import rate (especially for fruits and vegetables) as the rate of production is far lower than the consumption demands for organic produce. For instance, according to the Soil Association, sales of organic products in the UK increased by 4.5% in 2019 to reach £2.45 billion. Similarly, sales of organic food in the US increased by 5.9% to reach $47.9 billion, according to the 2019 Organic Industry Survey. This growing demand for organic products offers considerable opportunities for dairy products producers in both developed and developing countries, thus likely to drive the market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the grain products market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Food and beverage manufacturers depend on supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to lack of raw materials. Also, restrictions on trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the grain products market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Flour milling companies are using NIR analyzers to improve production efficiency. Near Infrared (NIR) analyzer is an analytical instrument used to determine moisture, protein, fat and other parameters in a food sample. NIR analyzers used in flour mills analyze wheat and flour for moisture, protein and ash content. NIR analyzers monitor the grain in all the steps of a milling process and give real-time access to quality control parameters. This helps in minimizing manufacturing errors, downtimes and rejections, thus improving flour quality and consistency. For example, Castle Mill, a UK-based flour milling company is using NIR analyzers to control flour milling process. DA 7250, an NIR analyzer offered by Perten Instruments and NIRS DS2500 by FOSS are also being used for analysis in the flour milling industry. Major companies in the market include Archer Daniels Midland Company; Ingredion Incorporated; Malteurop Groupe; GrainCorp Malt; China Agri-Industries Holdings Limited. The countries covered in the global grain products market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global grain products market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global grain products market is segmented - 1) By Type: Flour, Rice And Malt, Other Grain Products 2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others Subsegments Covered: Flour, Rice, Malt

The bakery and confectionery market consists of sales of bakery and confectionery by entities (organizations, sole traders and partnerships) that produce bakery and confectionery products. The companies in the bakery and confectionery industry process raw materials into bakery and confectionery, package and distribute them through various distribution channels to both individual customers and commercial establishments. Some of the examples of bakery and confectionery products include breakfast cereals, breads, cookies, chocolates, gums, sugar confectionery and others. The bakery and confectionery market is segmented into breakfast cereal; sugar and confectionery products; bread and bakery products and cookie, cracker, pasta, and tortilla. The global bakery & confectionary market is expected to grow from $887.82 billion in 2020 to $938.97 billion in 2021 at a compound annual growth rate (CAGR) of 5.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1221.28 billion in 2025 at a CAGR of 7%. Asia Pacific was the largest region in the global bakery & confectionary market, accounting for 43% of the market in 2020. Western Europe was the second largest region accounting for 22% of the global market. Africa was the smallest region in the global bakery & confectionary market. World population is growing and is expected to reach 10 billion by 2050. Increase in population creates more demand for food. Supply for material used in bakery & confectionary and trade volumes will have to increase in order to meet increased population. Therefore, companies in this market are expected to benefit from rising demand for bakery & confectionary products due to rising population, during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the bakery & confectionary market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Food and beverage manufacturers depend on supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to lack of raw materials. Also, restrictions on trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the bakery & confectionary market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Confectionery manufactures are increasingly using natural flavors in confectionery products. Innovation has been key to the development of the confectionery market. According to the United States, Food and Drug Administration the term natural flavor or natural flavoring means the essential oil, oleoresin, essence or extractive, protein hydrolysate, distillate, or any product of roasting, heating or enzymolysis, which contains the flavoring constituents derived from a spice, fruit or fruit juice, vegetable or vegetable juice, etc. Using natural flavors manufacturers are imparting new and unique taste profiles in to their products . For instance, Zaabar, Rococo Chocolates and Rozsavologyi Csokolade are manufacturing chocolate bars with cardamom flavoring. Major companies in the market include Grupo Bimbo; Finsbury Food Group; McKee Foods; Yamazaki Baking; BreadTalk Group. The countries covered in the global bakery & confectionary market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global bakery & confectionary market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global bakery & confectionary market is segmented - 1) By Type: Breakfast Cereal, Sugar And Confectionery Products, Bread And Bakery Products, Cookie, Cracker, Pasta, And Tortilla 2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others Subsegments Covered: Oats Breakfast Cereal, Grains Breakfast Cereal, Other Breakfast Cereal, Sugar, Confectionery Product, Bread, Cake And Pastries, Other Bread And Bakery Product, Cookie and Cracker, Dry Pasta, Dough, and Flour Mixes, Tortilla

The dairy food market consists of sales of dairy products by entities (organizations, sole traders and partnerships) that produce dairy products from raw milk and processed milk products, produce dry, condensed, concentrated and evaporated dairy, and/or produce some dairy substitute products. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments. The dairy food market is segmented into milk and butter; cheese; dry, condensed, and evaporated dairy products and ice cream and frozen dessert. The global dairy food market is expected to grow from $675.78 billion in 2020 to $722.14 billion in 2021 at a compound annual growth rate (CAGR) of 6.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $956.26 billion in 2025 at a CAGR of 7%. Asia Pacific was the largest region in the global dairy food market, accounting for 42% of the market in 2020. Western Europe was the second largest region accounting for 25% of the global market. Africa was the smallest region in the global dairy food market. The increasing demand for local, sustainable and organic food production is expected to positively impact the dairy food market during the forecast period. Organic food production including organic dairy products places a strong emphasis on consumer health, environmental protection and animal welfare. Consumers now are becoming more concerned with how food is raised and prepared and are willing to pay a little more for something they recognize as healthy. Across Europe, there is a very high import rate (especially for fruits and vegetables) as the rate of production is far lower than the consumption demands for organic produce. For instance, according to the Soil Association, sales of organic products in the UK increased by 4.5% in 2019 to reach £2.45 billion. Similarly, sales of organic food in the US increased by 5.9% to reach $47.9 billion, according to the 2019 Organic Industry Survey. This growing demand for organic products offers considerable opportunities for dairy products producers in both developed and developing countries, thus likely to drive the market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the dairy food market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Food and beverage manufacturers depend on supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to lack of raw materials. Also, restrictions on trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the dairy food market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy The internet of things (IoT) technology is increasingly being used to track dairy products and ensure safe product handling. IoT technology consists of a network of devices, vehicles or other items that continuously exchange data and provide insights about a process or system. This technology is being used to track ingredients being used in products. Equipment connected to the internet in trucks and storage coolers can be used to monitor dairy products and tag them with environmental conditions like temperature or location that provide information about safe product handling during transportation. For instance, the Chinese government implemented the National Food Quality Safety Traceability Platform, using IoT technology to improve quality and safety of food production supply chains. Major companies in the market include Nestle; Dairy Farmers of America; Fonterra Group Cooperative Limited; Danone; Arla Foods. The countries covered in the global dairy food market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global dairy food market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global dairy food market is segmented - 1) By Type: Milk And Butter, Cheese, Dry, Condensed, And Evaporated Dairy Products, Ice Cream And Frozen Dessert 2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others Subsegments Covered: Milk-Dairy, Butter, Natural Cheese, Processed Cheese, Dry Dairy Product, Condensed Dairy Product, Evaporated Dairy Product, Ice Cream, Frozen Dessert

The meat, poultry and seafood market consists of sales of meat, poultry and seafood by entities (organizations, sole traders and partnerships) that produce and process meat, poultry and seafood. The meat, poultry and seafood industry includes establishments engaged in animal slaughtering and processing, poultry processing and seafood product preparation and packaging. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments. The meat, poultry and seafood market is segmented into meat products; poultry and seafood. The global meat, poultry and seafood market is expected to grow from $1389.58 billion in 2020 to $1442.42 billion in 2021 at a compound annual growth rate (CAGR) of 3.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1916.34 billion in 2025 at a CAGR of 7%. Asia Pacific was the largest region in the global meat, poultry and seafood market, accounting for 45% of the market in 2020. Western Europe was the second largest region accounting for 22% of the global market. Africa was the smallest region in the global meat, poultry and seafood market. World population is growing and is expected to reach 10 billion by 2050. Increase in population creates more demand for food. According to “The Agricultural Outlook” by the OECD and FAO, global cereal production was projected to increase by 13% by 2027. Crop production, farming activities and trade volumes will have to increase in order to meet increased population. Therefore, companies in this market are expected to benefit from rising demand for meat, poultry and seafood products due to rising population, during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the meat, poultry and seafood market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Food and beverage manufacturers depend on supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to lack of raw materials. Also, restrictions on trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the meat, poultry and seafood market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Poultry processing companies are increasingly using 3D imaging systems to optimize yields. 3D imaging systems model the poultry bird using sensors and actuators to determine the position of cut. The bird is put under the vision system, which takes the images and measurements and geometry is determined. Near-infrared sensors determine the amount of meat and bone present in the bird. Vision analysis enables the system to perform optimal cuts for each bird regardless of the size and shape. It is a data-driven process which maximizes the yield and minimizes per unit cost for poultry meat processing. Major companies involved in pioneering this technology include Gainco, a meat and poultry equipment manufacturer, and Midwest Machine LLC. Major companies in the market include JBS S.A; Tyson Foods Inc; WH Group Limited; NH Foods; Danish Crown A/S. The countries covered in the global meat, poultry and seafood market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global meat, poultry and seafood market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global meat, poultry and seafood market is segmented - 1) By Type: Meat Products, Poultry, Seafood 2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others 3) By Nature: Organic, Conventional Subsegments Covered: Pork, Mutton, Beef, Other Meat Products, Chicken, Turkey, Ducks , Other Poultry, Crustaceans, Fish, Other Seafood

The syrup, seasoning, oils and general food market consists of sales of syrup, seasoning, oils and general food by entities (organizations, sole traders and partnerships) that produce flavoring syrup and concentrate, seasonings and dressings, vegetable oils and general food products. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments. The syrup, seasoning, oils and general food market is segmented into flavoring syrup and concentrate; seasoning and dressing and fats and oils. The global syrup, seasoning, oils, & general food market is expected to grow from $320.8 billion in 2020 to $338.31 billion in 2021 at a compound annual growth rate (CAGR) of 5.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $457.64 billion in 2025 at a CAGR of 8%. Asia Pacific was the largest region in the global syrup, seasoning, oils, & general food market, accounting for 55% of the market in 2020. North America was the second largest region accounting for 16% of the global market. Middle East was the smallest region in the global syrup, seasoning, oils, & general food market. Limited number of technical experts for farming practices is likely to hinder the seasoning and dressing manufacturing market during the forecast period. Agricultural activities and livestock production operations require diverse range of technologies to operate. Crop production is mostly seasonal and with the advent of newer technological practices for every crop, agricultural companies need to have different kinds of technology employed for different productions. For this, companies often depend highly on some key employees' technical knowledge. Since most agricultural products have seasonal demand, technical operations are also seasonal and require specific technical experts for each season. Retaining such technical experts throughout the year and over the years is a challenge and is expected to negatively impact the seasoning and dressing manufacturing market during forecast period. Seasoning manufacturing companies are using software tools to streamline the operations including product development, formulation, planning, procurement, production, quality, and sales. For instance, BatchMaster Software Pvt Ltd provides Enterprise Resource Planning (ERP) software that allows businesses to collect, manage and interpret data from its various activities in real-time, to enable its smooth functioning. Everson Spice Co. is using ERP software to to efficiently manage operations. Major companies in the market include The Hershey’s Company; Kerry Group; Tate & Lyle; Monin Inc.; Concord Foods. The countries covered in the global syrup, seasoning, oils, & general food market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global syrup, seasoning, oils, & general food market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global syrup, seasoning, oils, & general food market is segmented - 1) By Type: Flavoring Syrup And Concentrate, Seasoning And Dressing, Fats And Oils 2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others Subsegments Covered: Syrups, Molasses, Sweet Spreads, Jam, Jellies, Preservatives, Savory Spreads, Seasoning, Dressing, Fats, Oils

The animal and pet food market consists of sales of animal and pet foods by entities (organizations, sole traders and partnerships) that produce food and feed for animals and pets from ingredients, such as grains, oilseed mill products, and meat products. The animal and pet food market is segmented into pet food and animal food. The global animal and pet food market is expected to grow from $305.86 billion in 2020 to $318.38 billion in 2021 at a compound annual growth rate (CAGR) of 4.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $406.35 billion in 2025 at a CAGR of 6%. Asia Pacific was the largest region in the global animal and pet food market, accounting for 33% of the market in 2020. North America was the second largest region accounting for 25% of the global market. Africa was the smallest region in the global animal and pet food market. The animal and pet food market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end user markets, thereby driving the market during forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the animal and pet food market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Food and beverage manufacturers depend on supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to lack of raw materials. Also, restrictions on trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the animal and pet food market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Pet food manufacturing companies are using automation technologies such as advanced production lines and software solutions to improve safety and operational efficiency. These technologies automate formulation, extrusion, batching, drying, coating and liquid delivery processes. This results in cost-effective processing and consistent product quality. For example, Champion Petfoods, a Canadian producer of pet food, has video monitored production lines, with cooking processes connected through Rockwell hardware and software systems. It also uses bulk bins and conveying systems, votator heat exchangers and advanced extrusion and drying systems. United Pet Group’s pet food manufacturing plant in St. Louis used FactoryTalk software from Rockwell Automation to reduce overtime by 10% and increase labor efficiency by 15%. Major companies in the market include Nestlé Purina; Mars Petcare Inc.; Big Heart Pet brands; Blue Buffalo; Hill's Pet Nutirion. The countries covered in the global animal and pet food market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global animal and pet food market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global animal and pet food market is segmented - 1) By Type: Pet Food, Animal Food 2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others 3) By Ingredients: Animal Derivatives, Plant Derivatives, Synthetic Subsegments Covered: Dog And Cat Food, Other Pet Food, Poultry Feed, Cattle Feed, Aquaculture Feed, Other Animal Food