Food And Beverage Market To Grow At A Higher Rate
Posted: Jan 11, 2019
The Business Research Company’s global information technology, covers the year-on-year growth of the global food and beverage historic and forecast growth. It also includes chapters on the food and beverage trends, geographical analysis, and competitive landscape.
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The global food and beverage market is forecast to grow at a CAGR (compound annual growth rate) of around 5 % to 2022.
Food and Beverage Trends:
Organic and locally produced food is becoming increasingly popular. Consumers are willing to pay more at restaurants and cafes that serve organic and locally grown food items. Almost 45% of Americans actively try to involve organic food in their diets. In 2013, the global sales of organic food and drink reached $72 billion, with Europe and the United States driving 90 percent of the world’s sales. Companies in the food and beverage services industry are seeking to differentiate themselves by upgrading their ingredients and experimenting with healthier dishes.
The scenario of rising food prices and scarcity of food supply, driven by failed crops, changing weather patterns and growing populations, is causing increasing pressure on governments. Price rises have already produced events such as riots in many countries – two governments (Haiti and Madagascar) were even overthrown
The global Food and Beverage is primarily driven by economic growth and Increasing Organic Food Consumption
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The global Food and Beverage market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With increasing number of low cost foods and emerging market growth the global Food and Beverage is expected to increase in potential and scope. TBRC’s report also covers the global Food and Beverage market report drivers and restraints in the market.
The global Food and Beverage market segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global Food and Beverage report are Nestle S.A, Philip Morris International Inc., PepsiCo, JBS S.A., and Anheuser Busch InBev.
The food and beverage services industry comprises businesses that provide meals, snacks, and beverages to customers. This industry includes restaurants and mobile food services, catering, beverage serving providers and other food and beverage services. Companies in this industry are mainly restaurants, cafes, coffee shops, fast food outlets, catering services, pubs and bars, food service contractors and mobile food services.
The top five companies covered are Compass Group PLC, McDonald's, Starbucks, Marriott International and Subway. Compass Group PLC was the largest company in the food and beverage services market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The food and beverage services market is segmented into Restaurants And Mobile Food Services, Catering And Food Contractors, and Bars And Cafés.
Restaurants And Mobile Food Services segment includes businesses that provide food services through full service restaurants, limited service restaurants, cafeterias, grill buffets and buffets, as well as mobile food services. The major products in this industry include appetizers, entrées/main dishes, desserts, and beverages.
Catering And Food Contractors segment covers providing food services on contractual arrangements with customers for events at a specified location, and providing food services at institutional, governmental, commercial, or industrial locations of others based on contractual arrangements with these types of organizations for a specified period of time.
Bars And Cafés’ businesses prepare and serve beverages for immediate consumption on the premises. These activities are carried out at places like pubs, bars, taverns, fruit juice stalls, coffee shops and mobile beverage vendors.
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