The food and beverage industry is a large and diverse business. It is comprised of manufacturing, packaging, distribution, and food transportation.
The major products include flour, meat products, malted grains, and case-ready items for retail. Various companies produce alcoholic beverages, carbonated soft drinks, and bottled water.
The food and beverage industry is one of the oldest industries on earth. It is a vital part of society. Today, the industry is in a state of growth.
The industry is experiencing a massive shift in the way consumers shop. As a result, ecommerce brands are competing with more traditional retailers. Analysts predict a 40%+ growth rate over the next four years.
Food and beverage companies want to be seen as healthy brands. As a result, they are releasing less-calorie foods. Many firms are also promoting youth sports.
The food and beverage industry also deals with issues surrounding the safety of food. In addition to weather, food safety concerns can also be attributed to the manufacturing process itself. If a company fails to adhere to food safety regulations, it could be shut down.
During the past year, commodity prices increased. The food and beverage industry is affected by this, as it makes production more expensive. Companies are seeking new and innovative ways to decrease production costs.
The food and beverage industry is also facing challenges in the form of the economic collapse. Consumers are looking for ways to save money. They are also making more meals at home.