Food and Beverages Market Analysis and Reports | UAE Conference Series

Market Analysis - Food And Beverages 2024

Food & Beverages Market Report Coverage

The following market segments for food and beverages are covered in detail in IndustryARC's "Food & Beverages Market Report - Forecast (2022-2027)".

  • Organic and conventional foods by nature,
  • Alcoholic beverages, non-alcoholic beverages, grain products, bakeries and confectioneries, other food items, frozen, canned, and dried foods, dairy foods, meat, poultry, and seafood, syrup, seasoning oils, animal and pet food, tobacco products, and others are categorized by kind.
  • Supermarkets, hypermarkets, e-commerce, and other distribution channels.
  • Geographically speaking, North America (the U.S., Canada, and Mexico), Europe (Germany, the U.K., France, Italy, Spain, Russia, and the Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia and New Zealand, and the Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia, and the Rest of South America), and the Rest of the World (the Middle East and Africa) are the regions that are included

Main Points

  • Geographically, Asia-Pacific retained a significant market share in 2021 because of the region's sizable consumer base and shifting consumer lifestyle. These elements contribute to the global market size for food and beverages expanding.
  • The rising demand for carbonated soft drinks, snack foods, baked products, basic foods, and caffeinated beverages is expected to drive growth in the global food and beverage market. High levels of competition and rigorous regulatory oversight, however, are significant restraints that could prevent the market from expanding throughout the projection period of 2022–2027.
  • In the Food & Beverages Global Market Report, strengths, weaknesses, opportunities, and threats are all thoroughly analyzed.

Food & Beverages Market Drivers:
Increased income per person and a change in lifestyle

The market is being driven by an increase in the number of health-conscious consumers who care about living a healthy lifestyle and choose to eat and drink natural, healthy, and organic food products. The demand for organic products from consumers will expand by double digits in 2022, according to the Economic Research Service of the U.S. Department of Agriculture, and there are close to 20,000 natural food retailers in the country., which demonstrate the U.S. market's demand for organic food. Compared to traditional items like carbonated soft drinks, snack meals, baked goods, staple foods, and caffeinated beverages, healthy, natural, and organic produce is more expensive, but consumers are ready to pay a premium for excellent health. The United States' per capita GDP is $16,359, up from $2,553 previous year, according to the nation's economy. The global food and beverage industry will be driven by such factors as rising per capita income and healthy eating practices.

Growing Concern from Consumers About Simple and Less Synthetic Chemicals on Product Labels has resulted in a Growing Trend of Clean Labeling. It is a significant factor in the expansion of the entire industry. Clean labels do not list unhealthy substances, such as chemical formulas of synthetic compounds. Clean label components such natural colors and flavors, fruits and vegetables, carbohydrates, and sweeteners will generate $38.8 billion in sales by 2021. In 2019, 73% of consumers are willing to pay more for clean-label items, according to food & beverages insight. The global food and beverage industry would be driven by this rising trend of clean-label products from 2022 to 2027.

Clean Labeling Is a Growing Trend:
Due to rising consumer concern over simple and less synthetic chemicals on product labels, clean labeling is becoming more popular. The expansion of the industry as a whole greatly benefits from it. Clean labels omit the presence of unhealthy components such chemical formulas for synthetic compounds. Sales of clean label components such organic fruits and vegetables, starches, and sweeteners will reach $38.8 billion in 2021. Food & Beverage Insight found that 73% of customers in 2019 would be willing to pay more for clean-label products. Over the projected period of 2022–2027, a growing trend toward clean-label products will propel the global food and beverage industry.

Food & Beverages Market Challenge

A strict regulatory environment and a labor shortage

Humans or animals directly ingest food and beverages. A number of regulatory agencies are tasked with monitoring how the corporations are putting laws and regulations into practice in order to ensure the security of such items. 'Healthy' was recently redefined by the FDA in 2022 to mean a range of total fat, saturated fat, cholesterol, and salt levels. FDA introduced the Baby Food Safety Act to consumer class action lawsuits in April 2022. The government of South Korea has proposed draft legislation to identify the country of origin of all imported agricultural, aquaculture, and processed foods. In May 2021, this draft was first made public. The FDA removes more than 50 food and beverage products off the market due to safety concerns. One of the main issues facing the food and beverage sector is the lack of skilled workers. According to Food Network Magazine, there will still be 130,000 unfilled positions in the American packaged products sector in 2021. Over the projection period of 2022–2027, the Food & Beverage industry may experience slow market expansion due to such severe restrictions and a shortage of skilled workers.

Industry Outlook for Food and Beverages

The main strategies used by participants in the global market for food and beverages include product launches, mergers and acquisitions, joint ventures, and geographic expansions. The top 10 businesses in the market for food and beverages are:

  1. JBS S.A., Nestle S.A.
  2. Pepsi Co.
  3. sa/nv Anheuser-Busch InBev
  4. Foods Tyson Inc.
  5. The Wilmar International Ltd.
  6. ADM, the Archer-Daniels-Midland Company
  7. Imperial brands plc The Coca-Cola Company.
  8. Martian Corporation

Recently occurring events

  • The Coca-Cola enterprise and Essence Communication, a preeminent media, technology, and business enterprise devoted to helping Black women and communities, extended their five-year relationship in June 2022. All ESSENCE media and content properties, such as ESSENCE Black Women in Hollywood, ESSENCE Wellness House, ESSENCE Fashion House, and ESSENCE Girls United, would be covered by the expanded agreement, which would also include activations that cross multiple Coca-Cola brands and build a year-round connection with a range of age groups.
  • In order to create a sustainable sugar supply chain, Wilmar International Ltd. joined forces with MSM Malaysia Holdings Berhad (MSM) in February 2022. In order to pilot a strategy that would enable sustainable raw sugar sourcing inside MSM and Wilmar Sugar's shared supply chain, SM and Wilmar Sugar would work together. The NDPE Sugar Policy will serve as the foundation for concentrating on traceability reporting of sugar suppliers and evaluating sustainability performance.
  • In November 2021, the main European supplier of non-GMO soy components, Sojaprotein, was acquired by Archer-Daniels-Midland Company (ADM), a global leader in nutrition and agricultural origination and processing. The addition marked a substantial improvement in ADM's capacity to address the rising demand for plant-based foods and drinks as well as an extension of its global alternative protein capabilities.

The 33rd World Conference on Food and Beverages invites you to Dubai, UAE on January 11-12, 2024. This two-day conference features plenary lectures, parallel sessions, poster presentations, and our perennially popular Workshop activities, with something for everyone in the food and beverage industry. This two-day event will offer plenary lectures, parallel sessions, poster presentations, and our ever-popular "Workshop" events, with something for everyone in the food and beverage business.