The world has witnessed a sharp growth in Food and Beverage industry over the past few years. The entry of multinationals, aggressive rise of commodity branding and low cost of technology is changing the economics of the food industry. Food and beverage industry represents a diverse set of products and processes: fresh, frozen, chilled, and long shelf-life food and beverage products are manufactured, distributed, imported, and marketed to consumers, retailers, catering services, and other manufacturers. The manufacture & export of food & beverage has been constantly increasing since past few years.
The rise in ageing populations in developed countries and the increased demand for healthy foods and Beverages in many parts of the world have led to increased adoption of functional foods and dietary supplements. The market for global functional foods and beverage sales is projected to top $130 million by 2015 with the market for functional food ingredients estimated to reach $2.5 billion by 2020. This is the fastest growing sector in the food industry, with annual growth rates of 6-10%. Beverages are by far the most popular functional foods category because of convenience, ease of distribution and storage, and opportunity to incorporate desirable nutrients and bioactive compounds. Biodiversity is of increasing interest for functional beverages.
Sodium carboxymethyl cellulose (SCMC) is used as an additive in drinks, milk products, flouring products and other applications. It is used extensively because it gives desirable properties while safeguarding the health of the consumers, as it is non-toxic and does not trigger allergies. Growing food and beverage industry is set to drive the SCMC market in the near future.
IndustryARC is a global market research and business consulting firm based out of India. We have research centers across Asia and Europe with consultants experienced in the following verticals – Agriculture, Automotive, Chemicals and Materials, Energy and Power, Food and Beverages, ICT, Electronics, Life sciences and Healthcare, Automation and Instrumentation.
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