The food and Beverages Industry is one of the leading industrial and business segments across the world, extending over a trillion dollar (1000 billion dollars) of annual revenues and a vast chain of production, distribution and retail lines. It is the mainstay of the much of the industrial and economic activities going around the world. Whether its pesticide and chemical companies, genetics and biotech research companies, restaurant and hotels or supermarket chains like Wal-Mart and Costco, they are all structured around the core of food and beverage industry.
The global agricultural sector annually produces around 2000 MMT of grain, 400 MMT of dairy products and 200 MMT of meet. The food and beverage industry takes over from the processing of these raw materials to marketing and merchandizing, brewing a whopping range of food and drink products in the process.
Meanwhile, throughout much of the world, technology and globalization have revolutionized the way that the food is grown, as well as the way that it is transported, processed, packaged, purchased and cooked . Waste and spoilage are down to nominal levels thanks to innovations like highways, railroads, air transportation and refrigerated containers. Furthermore, it’s an everyday occurrence for a consumer in the U.S. to pick up strawberries from New Zealand or mangos from India in the fresh produce section of the local supermarket. Globalization has led to the rise of massive multinational food processing companies like Nestlé and Kraft, which often sell their foods under local names in local languages, after producing them in regional factories worldwide.
The types of technologies affecting the food industry have greatly evolved over time. From mechanized tractors and implements to diesel trucks to flash freezing, food technology has moved on to become high-tech. Today, computerization has made marked changes in the food industry: Electronic data interchange ensures that inventories and shipments are well managed so your local grocer doesn’t run out of the products that are selling quickly. Point-of-sale systems at the cash register capture minute-by-minute sales data, integrating the industry organized and efficient forms.
The changing styles of consumption in developed countries with more attention on nutrition and energy rich food has created new categories of high end food products, that is rapidly being capitalized by the food industry. Health conscious consumers are turning more and more towards safe and hygienic food thus providing further avenues of growth to the food and beverage sector.
In our section on Food and Beverage we provide you with industry specific details on its various products, trade leads, directories of distributors and retailers, career and business opportunities and other relevant information. You are free to browse through various categories or search in our list of keywords.
Alternatively, you can post your question directly to us and we would get back to you with answers on your query within 24 hours.
Categories
