The food and beverages industry
includes business involved in processing raw food materials, packaging, and
distributing them. The food and beverage stores includes fresh, prepared foods
as well as packaged foods, and alcoholic and nonalcoholic beverages. There has
been significant increase in demand for health foods and more informative
nutritional labeling over wide range of food & beverages. This have led to
companies in releasing of low calorie foods and focusing on how better control
on their brand is viewed. Companies intends to be regarded as a healthy brand
and are promoting activities, such as youth sports, that shows positive side
and benefits of consuming particular product by its customers. The food and
beverage stores market consists of sales of food and beverages and other
associated services by entities that retail food and beverages merchandise,
from fixed point-of-sale locations. This industry includes the stores such as
grocery stores, specialty food stores, convenience stores and beer, wine and
liquor stores.
There has been significant rise in demand for
health foods and more informative towards covering all health aspects. Concerns
towards health and rise in awareness by internet have led companies to release
detailed information on ingredients used while manufacturing the food &
beverage. The technological development and rise in Innovations in the
automation technology have significantly supported the retail stores and have
led increase in using of in-store automation to streamline the retail shopping.
Automation in retail stores have been designed with objective of supporting the
automating store operations such as container movement, merchandise scanning,
inventory checking, retrieving, packaging, and delivering products, and
connecting with customers. The automation activities also reduces the waiting
times, avoids stocking problems, enhances productivity, and increasing overall
customer experience.
The Asia Pacific region is the
largest region in terms of volume and value for the global food and beverage
stores market, accounting for near to half of market followed by Eastern Europe
which was the second largest region accounting for one-fifth of the global food
and beverage stores market. African region is the smallest region. The Asia
Pacific is one of the fastest growing region in terms of consumer spending on
eating out preferences. The growth of the food and beverages industry is
further propelled by the developing countries such as India, China, and Brazil,
as the economies of these nations registering a considerable improve and more
people are lifted into the middle class. Moreover the wide scale use of
technology, mainly IT, have helped industry to evolve the preserving and
packaging food thereby manufacturing of foodstuff according to consumer demand.
The Asia Pacific region over the forecast period is expected to register the
highest growth over next five years owing to increasing urbanization, rising
disposable income, expansion of stores, supporting economic factors, and
availability of easy finance. A combination of factors with rising population
and consumer spending is seen to impact the market dynamics significantly over
the forecast period.
For More Information, Click on the Link Below:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91-9015378249
No comments:
Post a Comment