Food processing sector is one of the leading sectors in terms of production, growth, consumption, and export. It covers milk and milk products, meat and poultry, fruit and vegetables, spices, alcoholic beverages, plantation, grain processing, fisheries, and other consumer product groups like chocolates, confectionery and cocoa products, mineral water, soya-based products, high protein foods etc.
Growth of the worldwide processed food market is mainly due to escalating demand from developing economies such as China, India, and Brazil, primarily driven by the growing per capita incomes. As the mature markets, mainly in the developed countries are exhibiting a shift toward organically-sourced food the demand for processed foods is now growing its roots in these emerging economies. Comprehending the potential of processed foods in the growing food and beverages industry, companies have been evolving to accommodate the changing end user preferences, market pressures and regulatory environments.
Currently, the processed foods market is also lingering into ultra-processed foods, a sort that has, in contrast, been facing criticism over the blend of ingredients present in the food products. These ultra-processed foods often contain a host of chemicals and this has been proven to have an adverse impact on the health of the consumers.
Therefore, the food & beverage companies are actively assessing customer insights and brand preferences to understand the market requirements. We at Market Data Forecast provide you with most comprehensive information and insights regarding the latest news and trends in the processed food industry through our reports and subscriptions.
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