Food and Beverage

Introduction

The food and beverage industry is all about products that are used to satisfy the food and drinks related demands of people. It also includes food and drink production, processing and retailing. At present, the world is witnessing a sort of revolution in the food industry. According to experts, the food and beverage organizations will witness a rise in consolidation related activity owing to the increase in n raw materials cost, expanding businesses, changes in business structure, closure of plants and new products development.

Trends and Developments

In the last couple of years, the world has experienced a huge rise in the prices of food. As per the estimates shared by the World Bank, the prices of food have increased globally by more than 80% in the last 3 years. Some of the major reasons behind this growth have been the ever rising world population, people becoming more prosperous in countries such as India, Vietnam, China and Brazil, which is allowing them to enhance their food intake. On the other hand, due to the above reasons, the prices of energy have skyrocketed globally, resulting in an increase in the input price for production of food.