Press release
Prominent Food And Beverages Market Trend for 2025: IQF Technology Revolutionizing Frozen Food Quality And Demand
Food And Beverages
The plummeting crop prices due to overproduction experienced by many countries worldwide are anticipated to lead to decreased raw material costs for F&B firms. The November 2022 report by Frontline, an agriculture-focused national publication based in India, referenced a Rs 7000 crore bailout package for sugar-producing farmers announced by the Cabinet Committee on Economic Affairs. This package was instituted to establish a minimum selling price of Rs 29 per kilogram for refined sugar, which had recently fallen to Rs 23-24 due to excessive production. The package also aimed to create a one-year buffer stockpile of 3 million tons of sugar. This overabundance of specific crops is predicted to yield higher profit margins for the F&B industry. These increased profit margins should allow these companies to boost their productivity, thus fueling future market growth.
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What growth opportunities are expected to drive the food and beverages market's CAGR through 2034?
The size of the food and beverages market has seen robust growth in the past few years. Its expansion is anticipated to continue, rising from $6962.47 billion in 2024 to $7400.31 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.3%. The accelerated growth observed in the historical period can be credited to the flourishing economies of emerging markets, enhanced internet accessibility, and escalating disposable incomes.
The size of the food and beverages market is anticipated to witness robust expansion in the upcoming years, reaching a value of $9423.34 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 6.2%. This projected growth during the forecast period can be linked to the surge in smartphone usage, rapid city growth, and introduction of fresh payment methods. Crucial trends for the forecast period involve the growth of subscription-based products, mobile grocery shopping, technological advancements, strategic partnerships and collaborations, and adopt the 'buy now, pay later' model.
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What are the emerging trends shaping the future of the food and beverages market?
Technologies such as individual quick freezing (IQF) are being utilized by frozen food producers to enhance yield and optimize the quality of their products. By conveying the separate food items into a blast freezer, the IQF method swiftly freezes them. Unlike bulk or block freezing, this approach freezes each food element individually. As a result, the yield can be improved by 1.5-3% and superior quality products with minimized wastage and substantial nutritional value are produced. Blueberries, strawberries, peaches, corn, peas, and green beans are all typical types of food that can undergo IQF. It is projected that by 2026, the global IQF vegetable market will hit a milestone of $2 billion, which indicates the considerable anticipated demand for IQF food products moving forward.
Which growth-oriented segments of the food and beverages market are leading the industry's development?
The food and beverages market covered in this report is segmented -
1) By Type: Alcoholic - Beverages, Non-Alcoholic - Beverages, Grain Products, Bakery And Confectionery, Frozen, Other Foods Products
2) By Nature: Organic, Conventional
3) By Distribution Channel: Supermarkets Or Hypermarkets, Convenience Stores, E-Commerce, Other Channels
Subsegments:
1) By Alcoholic Beverages: Beer, Wine, Spirits, Ciders, Ready-To-Drink Cocktails
2) By Non-Alcoholic Beverages: Soft Drinks, Juices, Bottled Water, Coffee And Tea, Energy Drinks
3) By Grain Products: Rice, Wheat, Oats, Barley, Corn-Based Products
4) By Bakery And Confectionery: Bread, Cakes And Pastries, Biscuits And Cookies, Chocolates And Candies, Doughnuts
5) By Frozen Foods: Frozen Vegetables, Frozen Meat And Seafood, Frozen Ready Meals, Frozen Desserts, Frozen Pizzas
6) By Other Food Products: Dairy Products, Sauces And Condiments, Snack Foods, Spices And Seasonings, Packaged Meals
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What regions are leading the charge in the food and beverages market?
Asia-Pacific was the largest region in the food and beverages market in 2024. Western Europe was the second-largest region of the food and beverages market. The regions covered in the food and beverages market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the food and beverages market?
Major companies operating in the food and beverages market include Nestle S.A, PepsiCo, Inc, JBS S.A, Anheuser-Busch InBev, Tyson Foods Inc, Archer-Daniels-Midland Company (ADM), Mars, Incorporated, Imperial brands plc, The Coca-Cola Company, Cargill, Dabur, Amul, Asahi Soft Drinks Co Ltd, Red Bull, Del Monte fresh produce Ltd, Fonterra Meiji Co Ltd, Dali Foods Group Co Ltd, Hangzhou Wahaha Group Co, Ltd, Nongfu Spring, China Haisheng Juice Holdings Co Ltd, Britannia Industries Ltd, Otsuka Holdings Co Ltd, Suntory Beverage & Food Ltd, Glanbia, Plc, Royal Frieslandcampina N. V, Raisio PLC, Associated British Foods, Boparan Holdings, Arla Foods, Greencore Convenience Foods, Südzucker AG, Tonnies Group, Dr. August Oetker Nahrungsmittel KG, KHS Group, Sicuro Food, Valagro, Gastronomic SPAIN, Mondelez UK, Refresco Tate & Lyle, Diageo, Roust Corporation, Cherkizovo Group, GoodMills Group GmbH, European Drinks S. A, Penam, Vitana, Metarom Group, Košík, Rudolf Jelinek, General Mills, The Hain Celestial Group, Campbell Soup Company, Maple Leaf, Olymel, Elmira Pet Products Ltd, Adams & Brooks Inc, The Kraft Heinz Company, Dr. Pepper Snapple Group, Hearthside Food Solutions LLC, Grupo Petrópolis, Monster Energy Co, Rockstar Inc, Unilever, Arcor, Starbucks, Agrosuper, Ambev, Almarai Company, Arab Company for Livestock Development (ACOLID), Al-Watania Company, Agthia Group PJSC, AWJ, South Beach Beverage Co Inc, Abu Auf Group, Lifeway Foods, Arizona Beverages Company, Twiga Foods, Cadbury Nigeria, FrieslandCampina WAMCO Nigeria PLC, CHI Limited, Nigerian Breweries Plc, SABMiller
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What Is Covered In The Food And Beverages Global Market Report?
• Market Size Forecast: Examine the food and beverages market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the food and beverages market for a structured understanding.
• Key Players Overview: Analyze major players in the food and beverages market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the food and beverages market.
• Segment Contributions: Evaluate how different segments drive overall growth in the food and beverages market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the food and beverages market.
• Industry Challenges: Identify potential risks and obstacles affecting the food and beverages market.
• Competitive Landscape: Review strategic developments in the food and beverages market, including expansions, agreements, and new product launches.
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