Global Food and Drink Industry Report: Overview with Product Scope, Opportunities Risk, Market Driving Force

Food is any substance consumed to provide nutritional support for the body. It is usually of plant or animal origin, and contains essential nutrients, such as fats, proteins, vitamins, or minerals. The substance is ingested by an organism and assimilated by the organism's cells to provide energy, maintain life, or stimulate growth. Drinks, or beverages, are liquids intended for human consumption. In addition to basic needs, beverages form part of the culture of human society. Although all beverages, including juice, soft drinks, and carbonated drinks, have some form of water in them, water itself is often not classified as a beverage, and the word beverage has been recurrently defined as not referring to water.

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With a rapidly increasing population that currently stands at about 170 million, Nigeria possesses a potentially dynamic consumer story. Rising spending power of the middle class will boost the food and drink industry.Nigeria produces a number of key agricultural crops locally and is the world’s fourth largest cocoa grower. Per capita food consumption is expected to grow strongly over the coming years. Investment into the highly underdeveloped mass grocery retail industry will increase. The wealthiest Nigerians will continue to fill their baskets with the most expensive goods.

Beverage companies will continue to invest in diversification away from carbonated beverages and into healthier sub-sectors. Private equity companies will take a greater interest in emerging market consumer assets. Companies with strong Emerging Market exposure will continue to outperform. Multinationals will increasingly pursue frontier market investments. Despite encouraging growth, per capita soft and alcoholic drinks consumption remains low.The global Food and Drink market is valued at xx million USD in 2018 and is expected to reach xx million USD by the end of 2024, growing at a CAGR of xx% between 2019 and 2024.

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The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.

North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Food and Drink.

Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.

This report studies the Food and Drink market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Food and Drink market by product type and applications/end industries.

 

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Posted by on Friday May 24 2019, 7:21 PM EDT. All trademarks acknowledged. Filed under Agriculture, Food, Food & Beverage. Comments and Trackbacks closed. Follow responses: RSS 2.0

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