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Food And Beverage Product Global Market Briefing 2015

  • October 2015
  • -
  • TBRC Business Research
  • -
  • 19 pages

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The food and beverages sector grew from $5,213 billion in 2010 to $6,318 billion in 2014 at a compound annual growth rate of 4.9%. The food and beverages market is fragmented. The top five competitors in the market made up 5.7% of the total market share in 2014. Nestle was the largest competitor with 1.4% of the market, followed by Archer Daniels Midland with 1.2% and Philip Morris with 1.2%. With the consumer lifestyle becoming busier, there has been an increasing demand for healthy ready-to-go meals, meal kits and other convenience food. Consumer packaged food manufacturers should introduce convenience food products that not only offer health benefits but that can also be prepared easily at home.

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ref:plp2015

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