Key Market Indicators
Colombian food production is set to reach $25 billion by 2026. This is up from $23 billion in 2021, a 1.4% annual growth rate. Since 1966, Colombian supply has grown a steady 2% per year. In 2021, Colombia was ranked 30th in food production. The United Kingdom overtook Colombia with $23 billion. India, the United States, and Brazil followed in that order.
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Organic Food and Beverages: Unpacking Retail Trends and Global Market Strategies
Consumer buying behavior has seen a noticeable tilt, with a growing preference for organic food and beverages in recent years. These preferences primarily stem from an increased understanding of health and wellness, coupled with concerns about the environmental impacts of conventional farming. The burgeoning middle-class population, armed with increased purchasing...
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Processed Food: Comparative Insights on Fish and Meat Market Dynamics
The global market for processed foods paints an active tableau of trends and counter-trends. In this context, the processed fish and meat market segments exhibit distinct dynamics. While the processed fish market is steadied by a growing consumer inclination towards lean protein options, the meat segment is challenged by concerns...
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Bulk Food Ingredients: Unearthing Global Opportunities and Trends in Distribution, Applications, and Types
Changes in global trade and consumer preferences are influencing the distribution trends of high quantity food constituents. An emerging pattern is leaning towards the integration of digital platforms for direct-to-consumer delivery, aiming to optimize supply chain efficiency and meet increasing consumer demand for transparency. Additionally, government policies influence the global...
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Economic Outlook: Unveiling Key Trends and Forecasts in Global Macroeconomics
Global economic trends indicate a mixed bag of opportunities and challenges. Currently, multiple economies are transitioning from recovery to growth post Covid-19, which is fueled by accelerated vaccination drives and adaptability to new norms. Trade trends are rapidly evolving with a visible shift from protectionism to regional cooperation. Technology-led innovations...
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Packaged Food Industry: Evaluating Hershey Company's Global Market Impact
In the worldwide arena of packaged foods, Hershey Company holds a critical position. With a rich catalog of confectionery products, Hershey has established itself as a market leader, leveraging on product innovation, strategic acquisitions and a robust distribution network. The firm's market presence is well articulated, spanning across different geographic...
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