Uploaded on Jan 23, 2020
Food processing is in vogue since times immemorial and initially, the activity involved fermenting, slaughtering and using salt for food preservation. With the passage of time, the process of canning got introduced into the realm (of food processing). The contemporary food processing, as we know today, started about hundred years back where, along with canning, usage of preservatives & artificial sweeteners was brought into the avenue.
Global Food Processing Industry – Current Trends
Global Food Processing Industry – Current Trends
Lavy Johnson
Writes articles on
latest consumer and business trends.
For more, visit
http://current-trends-now.com/
Food processing is in vogue since times immemorial and initially, the activity
involved fermenting, slaughtering and using salt for food preservation. With the
passage of time, the process of canning got introduced into the realm (of food
processing). The contemporary food processing, as we know today, started about
hundred years back where, along with canning, usage of preservatives & artificial
sweeteners was brought into the avenue.
Current trends in global food processing industry
The present worldwide food processing industry is experiencing consistent growth
and is characterized by fierce competition between various entities operating in the
sector. This competition is primarily attributable to the fact that the consumers now
are more particular about safety and quality of food than ever before.
Additionally, the aforementioned growth of the industry (food processing) is chiefly
due to the fact that, people are now giving more preference to processed food and
not the one that is cooked at home. This, again, is due to the hectic pace of modern-
day existence.
The increase in income of people is responsible for the growth in food processing
sector, too. Here, the constantly rising world population is also a pivotal aspect.
On a global basis, the value of food processing sector is approximately $ 2 trillion,
with operations being carried out by more than 400,000 players.
Many market experts have come out with a key prediction for the overall global
industry (food processing), for the succeeding two years. When the entire sector is
viewed, the segment of baby food is the one that shall markedly grow, especially
when compared with the past. It is unsurprising!
Nowadays in most of the families, both the parents are working and they are hence
bogged down with paucity of time, to prepare baby food in the conventional
manner. Here, the food that is processed with all the safety norms is what that
comes to the rescue.
The following points throw light on few of the challenges that the modern food
processing industry is entailed to address:
Fluctuations of economic conditions
Climatic conditions
The presence of a supply chain that is more complicated than ever before
Strategic agreements between various big players
A drastic increase in exports as well as imports, in developing economic zones
Top zones of the world food processing industry
As per the current available data, the European Union is the leading zone of the
globe, constituting about 44 percent of entire global production. Similarly, the
second position is occupied by the United States, with the corresponding figure
standing at around 20%. By accounting for approximately 19% of the worldwide
turnover, China is holding the number three position.
Region-wise projections
These are some region-wise projections for the food processing sector:
The European Union, which already is the leading zone with regard to
production, is expected to maintain its top position for next few years. The
increased awareness among people on the healthy ingredients used in food
processing is the main reason for that.
In the next 5 years, the food processing sector of Asia Pacific will grow at a rate
that is without a precedent in its track record.
Similarly, the rapid urbanization combined with increase in average income of the
people is going to propel the growth of the sector, in the markets of Asia Pacific
zone.
When the region of North America is taken into consideration, much growth is
not estimated, over the ensuing few years. The stringent regulations by the
authorities, coupled with the fact that the food processing market of the zone has
already been saturated, is responsible for this scenario.
The corresponding situation of Latin America is anticipated to be diametrically
opposite to that of North America, in following 5 years. Here, in all likelihood,
Brazil will be the leading market, thanks to the outstanding surge in demand for
processed foods.
There has been a constant improvement in the quality of life in several countries of
Africa and Middle East. Many factors have brought about this positive trend, with
not the least among them being globalization. This, in turn, will ensure that the food
processing sector of the region invariably develops at a noteworthy pace.
About Current-trends-now.com
Current-trends-now.com insightful write-ups on latest consumer and business
trends help business managers to capitalize new opportunities and to succeed.
Similarly, they help individuals to live smartly and to keep themselves updated
on the current trends. We monitor current trends and developments across
various fields including Business, Health, Home, Recreation, Science and
Society etc. For more details on the categories, visit http://current-trends-
now.com/.
Thank you for spending your precious time in reading this article.
Comments