The food and beverage industry is diverse and comprises specialized machinery. It is still undergoing innovation even though it has come to existence since time immemorial. From affordable production techniques to the emergence of novel products, this industry is always looking out for unique ways t ... o deliver food to consumers. The high demand for packaged, healthy, and vegan food and drinks has surged dramatically due to the rising working population in developed and emerging countries across the globe. In August 2021, for instance, Veganz launched a wide range of plant-based pizzas in Drakes Supermarkets, Queensland. Today, several foods and beverage companies are striving persistently to transform themselves by keeping up with the latest market trends to provide the exact product that a consumer needs at the moment. However, just like any other industry, this one, too, is facing numerous challenges. Budget restraints and the adoption of advanced technologies are a couple of them. The sales percentage of many companies has changed because of the rapid digital transformation. With the advent of the Internet and smartphones, people nowadays opt for e-commerce platforms to buy products at a discounted rate. Moreover, multiple companies engage in mergers and acquisitions to expand their existing product portfolio and geographic presence. Besides the entry of various start-up companies, the market is expected to boost growth in the upcoming years. At the same time, the rising number of R&D activities worldwide would help the market to flourish. Business Research Insights offers in-depth reports consisting of every market that falls under the food and beverage industry. Our reports enlighten clients on the changes affecting the current value chains, solutions for the suppliers, significant transformations in the market, and challenges associated with them.
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