What Are the Key Trends Impacting the Global Food and Beverage Industry? Request a Free Proposal From SpendEdge to Gain Comprehensive Insights

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Top Food and Beverage Industry Trends.

LONDON--()--SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest article on the top 5 trends in the global food and beverage industry.

The food and beverage (F&B) industry form an important part of several economies. It has witnessed phenomenal growth due to factors like increasing population, technological advancements, streamlined manufacturing processes and, improved cold chain facilities. The industry is highly consumer-driven with a multi-dimensional network. However, in the last few years, profit margins have declined substantially due to high competition.

At SpendEdge, we understand that companies need to customize their product lines and categories to suit the current trends. Therefore, we have highlighted the key trends impacting the food and beverage industry.

Top Food and Beverage Industry Trends

Functional beverages

‘Snackification’ is the new term gaining traction among consumers of today. Drinkable food products that hold the nutritional value of food and the convenience of the food beverage are getting popular. This trend is being fueled by a decline in the demand for sugar-based and carbonated drinks due to health awareness.

Want to know the factors shaping the global food and beverage industry? Request free platform access to leverage our smart procurement solutions now!

Supply chain transparency

Consumers want to know everything about the product’s provenance and the manufacturing process. This has compelled companies to improve supply chain visibility to retain the customer base. With farm-to-table movement, consumers can know about where the product has been sourced and under what conditions. Companies can also adopt concepts like fair trade practices and sustainability for a credible reputation in the market. Wondering how your competitors are improving supply chain visibility? Get in touch with our experts now!

Innovative packaging

Most customers buy what they see. This makes packaging an integral component of the food and beverage industry. Companies not only need to grab the retail shelf space but also entice customers to but their products. Hence, they must find creative, innovative and sustainable ways of packaging to develop their packaging designs.

To know in detail the top food and beverage industry trends, read the complete article here!

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About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions.

Want to gain detailed insights? https://www.spendedge.com/get-more-info

Contacts

SpendEdge
Anirban Choudhury
Marketing Manager
US: +1 630 984 7340
UK: +44 148 459 9299
https://www.spendedge.com/contact-us

Release Summary

Read this blog to know the top five trends impacting the global food and beverage industry.

Contacts

SpendEdge
Anirban Choudhury
Marketing Manager
US: +1 630 984 7340
UK: +44 148 459 9299
https://www.spendedge.com/contact-us