Global Food And Beverages Market Trends And Strategies Of Major Players In The Food And Beverages Market 2021-2030
6 May, 2021
The food and beverages market consists of sales of beverages, food, pet food and tobacco products by entities (organizations, sole traders and partnerships) that produce beverages, food, pet food and tobacco products. The companies in the food and beverages industry process raw materials into food, pet food and tobacco products, package and distribute them through various distribution channels to both individual customers and commercial establishments.
Global Food And Beverages Market Size And Drivers:
The global food and beverages market is expected to grow from $5838.8 billion in 2020 to $6196.15 billion in 2021 at a compound annual growth rate (CAGR) of 6.1%. 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 $8163.61 billion in 2025 at a CAGR of 7%.
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Trends In The Global Food And Beverages Market
Frozen food manufacturers are using technologies such as individual quick freezing (IQF) to improve yield and quality of frozen foods. The IQF method involves transferring the individual food items on a conveyor belt into a blast freezer that quickly freezes the items. With IQF method, every individual piece of food is frozen separately, as opposed to bulk or block freezing. This method boosts yield by 1.5-3% and results in better quality products with high nutritional value and less wastage. Examples of IQF foods include fruits such as blueberries, strawberries and peaches, and vegetables such as corn, peas and green beans. The global IQF vegetable market is expected to reach $2 billion by 2026, thus indicating significant demand for IQF food products in future.
Global Food And Beverages Market Segments:
The global food and beverages market is further segmented based on type and geography.
By Type: Alcoholic - Beverages, Non Alcoholic - Beverages, Grain Products, Bakery & Confectionary, Other Foods Products, Frozen And Fruit & Veg, Dairy Food, Meat, Poultry And Seafood, Syrup, Seasoning, Oils, & General Food, Animal And Pet Food, Tobacco Products
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others
By Nature: Organic, Conventional
Subsegments Covered: Beer, Wine And Brandy, Spirits, Coffee And Tea, Soft Drink And Ice, Flour, Rice And Malt, Other Grain Products, Breakfast Cereal, Sugar And Confectionery Products, Bread And Bakery Products, Cookie, Cracker, Pasta, And Tortilla, Perishable Prepared Food, Snack Food, All Other Miscellaneous Food, Frozen Food, Canned And Ambient Food, Milk And Butter, Cheese, Dry, Condensed, And Evaporated Dairy Products, Ice Cream And Frozen Dessert, Meat Products, Poultry, Seafood, Flavoring Syrup And Concentrate, Seasoning And Dressing, Fats And Oils, Pet Food, Animal Food, Cigarettes, Cigars And Cigarillos, Smoking And Other Tobacco Products
By Geography: The global food and beverages market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia Pacific food and beverages market accounts for the largest share in the global food and beverages market.
Read More On The Report For The Global Food And Beverages Market At:https://www.thebusinessresearchcompany.com/report/food-and-beverages-global-market-report
Food And Beverages Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides food and beverages market overviews, analyzes and forecasts market size and growth for the global food and beverages market, food and beverages market share, food and beverages market players, food and beverages market segments and geographies, food and beverages market’s leading competitors’ revenues, profiles and market shares. The food and beverages market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.