The global food and beverages market is worth almost US$7trillion with retail food products accounting for almost US$4trillion. The food industry includes products such as dairy foods, meat and poultry, cereals, fruit and vegetables, seafood etc. Key trends in the industry include health, sustainability and convenience as the world's population increases, incomes rise and increased urbanisation. The UN has identified that the world will need 70% more food to sustain a global population of 9.6 billion by 2050.
One of the fast growing segments of the market is the demand for functional foods, foods which offer greater health benefits.
The main producers of food are in Europe and the US. Both production and consumption of food is increasing in developing countries with these countries accounting for an increasing production of food commodities.
Challenges facing the sector include water shortages, food security as the global population grows, the environmental impact of increased food production, increased competition amongst suppliers of prepared food manufacturers and legislative issues as laid down by CAP (Common Agriculture Policy) in Europe and WTO (World Trade Organisation).
One of our publishers, Plimsoll, have analysed the Food Manufacture market and have delivered a comprehensive individual analysis on the top 500 companies, including AGRO TECH FOODS LIMITED, AMERICAN LORAIN CORP and ARGUS SA.
Research and Experts provide the latest trends and statistics on the global food industry.
US Food and Drink Administration
UK Food and Drink Federation
EU CAP Reform
World Trade Organisation, International Trade Statistics
UN on Global Food Security