DataM Intelligence 4Market Research, a trusted name in market research and business consulting, is set to make waves at the VitaFoods Asia event in Bangkok from 20-22 September 2023. With a rich history of empowering decision-makers in the world of business, DataM Intelligence is gearing up to provide invaluable insights into the Food and Beverages industry.
The event, which boasts participation from industry giants like ParadiseFruits, Gelita, Polaris, Botalys, Nexira, BloomageBiotech, CaregenCo.Ltd, KSM56Ashwagandha, Ingredia and AthosCollagen, is a testament to the pivotal role DataM Intelligence plays in shaping the future of this dynamic sector.
New Growth Opportunities in the Food and Beverages Industry:
In an ever-evolving landscape, businesses need to stay ahead of the curve. DataM Intelligence excels in identifying and presenting new growth opportunities within the Food and beverages industry. Our comprehensive market research and in-depth analysis help companies navigate uncharted waters and make informed decisions that drive success.
The food and beverage industry in India is experiencing remarkable growth, constituting approximately 3% of the nation’s GDP and representing a significant portion of its overall retail market, accounting for nearly two-thirds of it.
The food and beverage (F&B) industry in India is poised for substantial growth, with a projected value of USD 131.7 billion in the year 2022 alone. Looking ahead to 2025, this dynamic sector is anticipated to cater to an impressive customer base of 346.9 million individuals. Notably, the user penetration rate is on an upward trajectory, with a substantial likelihood of reaching 24% by the fiscal year 2025. These promising statistics underscore the F&B industry’s burgeoning potential and its ability to captivate a growing consumer audience.
Contract Manufacturing Possibilities in Food and Beverages Industry:
The Food & Beverages industry is witnessing a surge in contract manufacturing possibilities. DataM Intelligence’s expertise in this field is unmatched. We connect businesses with reliable contract manufacturing partners, facilitating seamless production and distribution and ensuring quality is never compromised.
Contract manufacturing represents a collaborative process where a trusted third-party entity takes on the responsibility of producing food and beverage products on behalf of a business. This comprehensive approach encompasses a range of vital tasks, including product development, sourcing of high-quality ingredients, meticulous food processing, precise packaging and labeling that meets industry standards.
Contract manufacturers are equipped with specialized knowledge, scalable production capacities and cutting-edge technology. They also bring a range of processing techniques into play, including dry blending, spray drying and extrusion, to meet diverse manufacturing needs.
The global contract manufacturing market has witnessed significant growth, with a valuation of USD 112.8 billion in 2022. Projections indicate a continued upward trajectory, with an anticipated market value of USD 174.1 billion by 2026. The surge in demand for food products during the pandemic has played a pivotal role in driving the expansion of the food contract manufacturing market, underscoring the industry’s resilience and adaptability.
How Automation and Robotics Can Play a Game-Changing Role in Food & Beverages Industry?
Automation and robotics are transforming the Food & Beverages industry. Streamlining success in the food business, robotics empowers to automate repetitive tasks such as packing, sorting and processing is a game-changer for food enterprises. This not only elevates product presentation but also slashes operating costs.
Moreover, automation empowers data-driven decision-making, enabling businesses to reduce waste, stay agile in response to market shifts and improve supply and demand management. By providing real-time insights, it aids in minimizing excess stock and consequently, reducing food waste, contributing to a more sustainable and efficient food industry.
DataM Intelligence explores how these technologies are reshaping the landscape. Our reports delve deep into the benefits of automation, from increased efficiency to reduced costs, showcasing how it’s revolutionizing the industry.
A Sustainable Production of Personalized Food:
Promoting Sustainable Nutrition tends to be a balanced approach to the existing lifestyle. Sustainable nutrition entails making nourishing, nutrient-rich foods available, affordable and culturally appropriate, all while safeguarding our environment and bolstering local communities.
Hence, sustainability is at the forefront of the Food & Beverages industry and nevertheless, DataM Intelligence helps companies embrace sustainability by offering insights into sustainable practices and personalized food production. We guide businesses toward eco-friendly solutions that resonate with consumers for better business success.
Demand For Creativity, Innovation & Quality Products in Food & Beverages Industry:
Confining to the dynamic realm of the food and beverage industry, innovation plays a pivotal role by offering businesses several key advantages:
Competitive Edge: Innovation propels businesses ahead, providing a competitive advantage in the market.
Market Expansion: It opens doors to new markets and demographics.
Quality Enhancement: Product quality is elevated, meeting the growing demands for high standards.
Safety Focus: Innovation fosters worker safety, aligning with evolving safety trends.
Adaptation to Trends: Staying current with food safety trends is facilitated as the utmost priority.
Noteworthy trends in the industry encompass freeze drying, sustainable and plastic-free packaging, alternative proteins, digitization of restaurants, 3-D food printing, waste reduction and personalized nutrition. As consumers increasingly prioritize health, they seek natural, artisanal and boutique products, particularly in categories like bourbon, whisky, vodka and gin.
Creativity, innovation and quality are the cornerstones of success in the Food & Beverages industry. DataM Intelligence recognizes the ever-growing demand for products that meet these criteria. Our research aids businesses in crafting innovative and high-quality offerings that captivate the market.
About DataM Intelligence:
DataM Intelligence is a leading market research and business consulting firm headquartered in Hyderabad, India. We provide customized research, syndicated research reports and consulting services to a diverse clientele, including Fortune 500 companies, government organizations and academic institutions. Our extensive database offers in-depth analyses across 40+ domains in 20+ industries, covering 50 major countries worldwide.
In an era where information is power, DataM Intelligence stands as a beacon of knowledge, guiding businesses toward success. With a commitment to accuracy, depth and innovation, we are dedicated to helping our clients navigate the intricate world of business.
Intending to know more about who we are and what we do, visit https://www.datamintelligence.com/about
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