Food & Beverages

The global food and beverage industry has experienced significant growth over the past few years. This is mainly due to the strong developments and innovations of the industry, which has further increased and strengthened consumption and cost. There has been a marked improvement in customer preferences and demands, further indicating a drive for premiumization and customization. Manufacturers are now trying to create different products in order to create more marketing opportunities, thereby taking into account customer preferences. The busy lifestyle in developed countries has led to a decline in cooking and an increasing trend of snacking. Customers are now more inclined to buy processed foods such as bread, cereals, frozen and packaged foods, processed meat and fish. This has led to an increase in the demand for a variety of foods, which is expected to increase the consumption volume of food processing components in the food and beverage industry.