The Food And Beverages Global Market Report 2023 by The Business Research Company, provides Food And Beverages Market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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In accordance with The Business Research Company’s comprehensive analysis outlined in the Food And Beverages Global Market Report for 2023, the trajectory of the market size is poised for notable expansion. Forecasts indicate a transition from the 2022 valuation of $6,729.54 billion to a projected $7,221.73 billion in 2023, reflecting an impressive compound annual growth rate (CAGR) of 7.3%. However, the backdrop of this optimistic projection is shrouded by the ramifications of the Russia-Ukraine conflict, which has cast a shadow over the global economic recovery following the tumultuous period induced by the COVID-19 pandemic, particularly in the short term.
The geopolitical unrest has triggered widespread economic sanctions, instigated an upward surge in commodity prices, and induced disruptions within global supply chains. These multifaceted repercussions have rippled across various markets, culminating in inflationary pressures across a spectrum of goods and services. Despite these challenges, the resilient trajectory of the Food And Beverages Market remains robust. Projections extend further, indicating a market size escalation to $9,225.37 billion by 2027, underpinned by a commendable CAGR of 6.3%.
Higher profit margins will enable food and beverage companies to increase their productivity and drive the market going forward.
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The Food And Beverages Market is segmented:
1) By Type: Alcoholic – Beverages, Non Alcoholic – Beverages, Grain Products, Bakery & Confectionary, Other Foods Products, Frozen, Canned and Dried Food, Dairy Food, Meat, Poultry And Seafood, Syrup, Seasoning, Oils, & General Food, Animal And Pet Food, Tobacco Products
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
3) By Nature: Organic, Conventional
Top 5 Major Players:
Amidst these market dynamics, innovation within the frozen food sector emerges as a pivotal driver of growth. Frozen food manufacturers are increasingly harnessing cutting-edge technologies, such as Individual Quick Freezing (IQF), to revolutionize their production processes. The IQF methodology represents a paradigm shift, involving the expedited freezing of individual food items on a conveyor belt within a blast freezer. This approach, distinct from conventional bulk or block freezing, yields a substantial boost in productivity by 1.5-3%. Moreover, it culminates in the creation of premium quality products characterized by heightened nutritional value and minimized wastage.
The application of the IQF technique spans a diverse array of food categories, with notable examples including fruits like blueberries, strawberries, and peaches, alongside vegetables such as corn, peas, and green beans. The burgeoning demand for IQF food products is particularly evident in the global IQF vegetable market, poised to attain a valuation of $2 billion by 2026. This underscores a discernible market trend, affirming the increasing preference for individually quick-frozen offerings, thus paving the way for a dynamic and thriving future landscape within the food industry.
The Food And Beverages Market report table of contents includes:
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
List Of Tables:
Table 1: Global Food And Beverages Market, Product Analysis – Product Examples
Table 2: Global Food And Beverages Market, Historic, 2017 – 2022, $ Billion
Table 3: Global Food And Beverages Market, Forecast, 2022 – 2027, 2032F, $ Billion
Table 4: Global Food And Beverages Market, By Region, Historic and Forecast, 2017 – 2022, 2027F, 2032F, %
Table 5: Global Food And Beverages Market, By Region, Historic and Forecast, 2017 – 2022, 2027F, 2032F, $ Billion
….
Table 260: Vietnam Food And Beverages Market, Segmentation By Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Billion
Table 261: Western Europe GDP Per Capita, By Country, 2017-2022, $
Table 262: Western Europe Animal Produce Market, 2017-2027, $Billion
Table 263: Western Europe Crop Production Market, 2017-2027, $Billion
Table 264: Western Europe Food And Beverages Market,
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