The global food and beverage (F&B) market has seen healthy growth over the last ten years and this is expected to continue. The proportion of comparison retail (clothing, footwear, white goods) as a percentage of total retail is decreasing and is being partially replaced by F&B, leisure and entertainment offerings in shopping malls, out-of-town retail parks and the main retail thoroughfares. This is being driven by changing consumer shopping habits and the growth of ‘experience retailing’, reflecting consumers’ desire to enhance their physical shopping experience with a social/leisure experience. This is being seen, not just in the more mature retail markets in the US and Europe, but also in fast growing emerging markets in Asia Pacific and Middle East & Africa. With the continuing growth in the global foodservice industry, trends that are apparent in the US and Europe begin to replicate themselves in markets around the world. While there may be differences in the minutiae, the trends are broadly the same wherever you go. Tastes and sensibilities are ever changing and are fuelling greater customization, a drive towards authenticity and more innovation.
Maximize Market Research offers comprehensive business intelligence about the growth drivers, challenges, and the rapidly changing products and segments and sub-segments for the food and beverage market. We track the changing trends in food consumption, food packaging, manufacturing, sales, and food and beverage distribution channels. Our well-crafted market research reports assist the important market players in analyzing market size, competition, untapped markets, sustainability, revenue forecasts, and major opportunity drivers.