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Global Food And Beverages Market 2023 Production Analysis, Growth Rate, Industry Share And Forecast To 2032 | Virtu, Financial Inc, IG Group Holdings Plc, FXCM Group, London Stock Exchange Group Plc
As per The Business Research Company's Food And Beverages Opportunities And Strategies Market Report 2023, The global food and beverages market reached a value of nearly $5,943.6 billion in 2019, having increased at a compound annual growth rate (CAGR) of 5.7% since 2015. The market is expected to grow at a CAGR of 6.1% from 2019 and reach $7,525.7 billion in 2023. The market is expected to reach $8,638.2 billion in 2025, and $11,979.9 billion in 2030.The increase in the demand for immunity boosting foods and beverages due to the outbreak of Coronavirus disease (COVID-19)?is likely increase the demand for organic foods, and functional beverages. 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. Consumers have become more conscious about improving their immunity due to this pandemic and it is expected to have an unprecedented demand for established immunity-boosting products because of the growing importance on preventive healthcare, particularly with personal hygiene in the minds of consumers. For instance, according to the Food Safety and Standards Authority of India, the sales of immunity-boosting foods have increased up by an estimated 20-40% since the initiation of lockdown due the pandemic in the country. Thus, the rising concern in the minds of consumers regarding COVID-19 are expected to the increase the need for more preventive healthcare products to boost their immunity, thereby driving the growth of functional beverages market.
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The demand for clean label products is increasing rapidly owing to significant rise in awareness of healthy eating. Clean label dairy products do not contain additives, artificial flavor enhancers, dyes or artificial preservatives. Also, many food service and retail grocery store chains are stating lists of ingredients that cannot be present in food items in their stores or restaurants. According to a survey of 1,000 customers in the UK and Russia by Ingredion in 2016, 70% of consumers purchasing dairy and bakery products are aware of clean labels and the presence of clean labels influences their buying decisions and 30% of consumers are looking for some kind of clean label claim.
The top opportunities in the alcoholic-beverages market segmented by type will arise in the spirits (distilleries) market segment, which will gain $53.3 billion of global annual sales by 2023. The top opportunities in the non-alcoholic-beverages market segmented by type will arise in the soft drink and ice market segment, which will gain $58.0 billion of global annual sales by 2023. The top opportunities in the grain products market segmented by type will arise in the other grain products market segment, which will gain $69.8 billion of global annual sales by 2023. The top opportunities in the bakery and confectionery market segmented by type will arise in the sugar and confectionery market segment, which will gain $117.7 billion of global annual sales by 2023. The top opportunities in the frozen and fruit & veg market segmented by type will arise in the canned/ambient food market segment, which will gain $46.2 billion of global annual sales by 2023.
Food And Beverages Market Segmentation:
The Food And Beverages Market is segmented by type, by distribution channel, by nature
By Type- The food and beverages market can be segmented by type
a. Alcoholic Beverages
• Beer (Breweries)
• Wine And Brandy (Wineries)
• Spirits (Distilleries)
b. Non Alcoholic-Beverages
• Coffee And Tea
• Soft Drink And Ice
c. Grain Products
• Flour, Rice And Malt
• Other Grain Products
d. Bakery And Confectionery
• Sugar And Confectionery Product
• Cookie, Cracker, Pasta, And Tortilla
• Bread And Bakery Product
• Breakfast Cereal
e. Frozen And Fruit & Veg
• Frozen Food
• Canned/Ambient Food
f. Dairy Food
• Milk And Butter
• Cheese
• Dry, Condensed, And Evaporated Dairy Product
• Ice Cream And Frozen Dessert
g. Meat, Poultry And Seafood
• Meat Products
• Poultry
• Seafood
h. Syrup, Seasoning, Oils, & General Food
• Fats And Oils
• Seasoning And Dressing
• Flavoring Syrup And Concentrate
i. Animal And Pet Food
• Animal Food
• Pet Food
j. Tobacco Products
• Cigarettes, Cigars And Cigarillos
• Smoking And Other Tobacco Products
k. Other Foods Products
• Perishable Prepared Food
• Snack Food
• Other Miscellaneous Food
By Nature- The food and beverages market can be segmented by nature
a. Organic
b. Conventional Food And Beverages
Major players in the Food And Beverages Market include Nestle S.A. PepsiCo, Inc., Anheuser-Busch InBev sa/nv, Tyson Foods Inc, Wilmar International Ltd.
The regions covered in the global Food And Beverages Market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The latest report from The Business Research Company, 'Global Food And Beverages Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.
Food And Beverages Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
……
14. Food And Beverages Market Segments
15. Market Comparison with Macro Economic Factors
16. Asia-Pacific Market
17. Western Europe Market
18. Eastern Europe Market
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