Food and Drink Consumption Market Scope
Food and Drink Consumption industry include manufacturing, distribution of processed food and beverages which are sourced from plant and animals. Drink consist of carbonated, non-alcoholic, caffeinated and cocktail beverages. Increasing population and rising consumption coffee in developed and developing countries give rise to food and drink consumption market
|Unit||Value (USD Million)|
|Key Companies Profiled||Nestle (Switzerland), ADM (United States), Cargill (United States), Sysco Corporation (United States), JBS (United States), PepsiCo, Inc. (United States), Unilever (United Kingdom), Anheuser-Busch InBev (Belgium), Tyson Food (United States), Weston Food (Canada), Danone (France), Diageo (United Kingdom) and Coca-Cola (United States)|
Food & Drink market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative, novel products and solutions to improve quality, enhances and promotes improved products, along with try to incorporate latest technology AI and MI. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Nestle (Switzerland), ADM (United States), Cargill (United States), Sysco Corporation (United States), JBS (United States), PepsiCo, Inc. (United States), Unilever (United Kingdom), Anheuser-Busch InBev (Belgium), Tyson Food (United States), Weston Food (Canada), Danone (France), Diageo (United Kingdom) and Coca-Cola (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Asahi Group Holding (Japan), Monster (United States), Fomento Economico Mexicano (Mexico), Hershey (United States), Kofola (Europe), Lipton (United States), Flour Mills of Nigeria (Nigeria), Heineken (Netherlands) and Nigerian Breweries Plc (Nigeria).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global & Nigeria Food and Drink Consumption market by Type , by Application (Industrial and Commercial) and Region with country level break-up.
On the basis of geography, the market of Food and Drink Consumption has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Nigeria, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesIn July 2021, Danone acquired majority stake in Harmless Harvest, US business offering coconut-based drinks and yogurt. This acquisition helped company to expand its presence in food and drink market
In May 2022, Nestle acquired Puravida Brazilian nutrition and lifestyle brand. Puravida was manufacturer of drink mixes, protein powders, nutrition bars and snacks that is based in São Paulo. Nestle is one of major operator in food and drink market. This acquisition helped company expand its presence in health and nutrition-based food and drink market
Influencing Trend:Increasing Demand for Plant Based and Healthy, Oil-free Food and High Demand of Non-Alcoholic Drink Among Gen Z Individuals
Market Growth Drivers:Increasing Demand for Ready to Eat Food, Growing Population Leading to Increase in Demand for Food and Drinks, Increasing Disposable Income across the Globe and Increasing Consumption of Coffee in Developed and Developing Countries
Challenges:Increasing Incidence of Contamination in Food and Drinks, High Consumption of Plastic by Food and Drink Industry and Growing Awareness in Consumer about Use of Preservatives and Chemicals in Food and Drink
Restraints:Stringent Government Regulations
Opportunities:Increase In Technological Advancement Such as Use Of AI, Automation for In-House Task and Robotics in Manufacturing
Key Target AudienceFood & Drink Manufacturers, Raw Material Suppliers, Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users and Others