Top 5 Trends Impacting the Food and Beverage Industry: SpendEdge
18 July 2017 - 4:19AM
Business Wire
The global food and beverage industry is driven by
consumers, with a multi-dimensional and global network that has
transformed the consumers’ eating habits and preferences. The
industry is experiencing significant growth due to factors like
technological advancements, streamlined manufacturing processes,
and improved cold chain facilities.
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SpendEdge helps organizations of all
sizes achieve procurement excellence. (Graphic: Business Wire)
However, procurement analysts at SpendEdge say,
“Regardless of the growth, the industry is dominated by the
category captains who dictate the retail space and indulge in
mergers and acquisitions (M&A) with smaller food and drink
companies and manufacturing units.”
In its recent analysis, SpendEdge released their list of ‘Top
5 Trends in the Global Food and Beverages Industry’. These
trends will help organizations and professionals in the food and
beverage industry gain actionable insights, drive cost reduction
and devise price negotiation strategies.
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Top 5 current trends in the food and beverage industry
are:
Nutritional Foods
Customers are swiftly shifting towards products that
are sugar free, gluten free, lactose free and have a
low calorific value. There has been a complete shift in focus by
manufacturers in procuring natural ingredients and substituting
them for artificial flavors and substances.
Functional Beverages
Functional beverages can be used as nutritional drinks as well
as guilt free meal replacements. The demand for these beverages has
been driven by the decline in the demands for sugar based and
carbonated drinks.
Convenience Food Products
The lack of time for meal preparations is leading to a rise in
convenience food products which can be prepared with little
effort.
Supply Chain Transparency
New concepts such as sustainability, farm-to-table movement and
fair-trade practice are creating are helping organizations to build
a loyal customer base and a credible brand reputation. This
movement informs consumers where the food has been sourced,
procured, delivered and under what conditions.
Innovative Packaging
Companies are designing innovative and sustainable ways of
packaging to present their products. To stay ahead of or gain on
the competition, food and beverage companies must develop their
packaging designs on three points: simplicity,
mobility and environment friendliness.
Read more:
https://www.spendedge.com/blogs/top-5-trends-global-food-beverages-industry
SpendEdge Food & Beverage
Portfolio
SpendEdge has provided numerous food and beverage organizations
of all sizes with effective procurement intelligence services.
These procurement studies help clients reap the benefits of high
ROI and analyze the dynamic demand-supply landscape to procure the
best services in the F&B industry. Recent SpendEdge food and
beverage procurement intelligence studies include:
Supply Market Intelligence for Nutrition Product
Manufacturing
View the study:
https://www.spendedge.com/casestudy/supply-market-intelligence-solution-helps-leading-nutrition-product-manufacturing-company
Supply Market Assessment for Food Preservatives
View the study:
https://www.spendedge.com/casestudy/supply-market-assessment-food-preservatives
Supply Market Intelligence for the Food and Beverage
Industry
View the study:
https://www.spendedge.com/casestudy/supply-market-intelligence-food-beverage-company
About SpendEdge
SpendEdge shares your passion for driving sourcing and
procurement excellence. We are a preferred market intelligence
partner for Fortune 500 firms and other leading companies across
industries. Our strength lies in delivering actionable insights
that help sourcing and procurement professionals get the right
information in the right format, without any unnecessary frills.
For more information on SpendEdge’s services, please contact
us.
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SpendEdgeJesse MaidaMedia & Marketing ExecutiveUS: +1 630
333 9501UK: +44 208 123
1770https://www.spendedge.com/hello@spendedge.com