North American and European Food and Beverage Trends Propelled by Healthy Nutrition, Clean and Clear Labels, and Convenience
Health benefits a top priority when making nutritional choices, finds Frost & Sullivan's Future of Agriculture and Nutrition team
LONDON, Nov. 20, 2017 /PRNewswire/ -- Healthy nutrition, clean and clear labels, sustainability, convenience, Big Data, and evolving social trends such as eating at home are the key factors driving the North American and European food and beverage markets. Functional foods enjoy the largest growth potential within these markets, and a key success factor will be incorporating healthy ingredients into all types of food and going beyond traditional applications.
Frost & Sullivan's research series, "Trends, Opportunities, and Innovation in the European Food and Beverage Market, 2017" and "North America Growth Opportunity - Human Nutrition, 2017," highlights that the global processed food and beverage market will be worth $4.76 trillion by the end of 2017. The series analyses key factors such as drivers, restraints, challenges, trends and growth opportunities within the North American and European food and beverage market.
The study identifies companies that have responded to current market trends along with a detailed profiling of their strategies and how market participants have displayed best practices in specific markets.
"Healthy eating is not waning in Europe and is fast becoming the norm, resulting in an increase in raw foods where ingredients' nutritional properties are locked in by natural processes. There is also a consumer trend toward reducing sugar, salt and fat; free-form foods; clean and clear labels; sustainability; and better nutrition," said Tosin Jack, Senior Industry Analyst, Visionary Science at Frost & Sullivan. "In North America, consumers are not willing to compromise on taste, while factors such as health benefits, price, and natural ingredients are seen as top priorities when making nutritional choices."
Other trends seen within the North American and European Food and Beverage market include:
- Rise in cooking at home due to desire for healthy, fresh, and natural ingredients and expansion of online platforms for recipe ideas;
- Embracing social media to influence food consumption patterns; and
- Using Big Data analytics to manage food product traits, quality criteria, supply value chain, and technologies to facilitate effective food safety.
"The European food and beverage market will continue to be innovative, however, the rate at which this innovation happens will remain dependent on the strong regulatory process in the region," observed Jack. "In North America, ingredients with proven health benefits will stand out, with further competitive advantage derived from the ability to ensure generally acceptable flavours in foods and supplements."
"Trends, Opportunities, and Innovation in the European Food and Beverage Market, 2017" and"North America Growth Opportunity - Human Nutrition, 2017" are part of Frost & Sullivan's Future of Agriculture Nutrition Growth Partnership Service program.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion
Trends, Opportunities, and Innovation in the European
Food and Beverage Market 2017 (9AB8/1F)
America Growth Opportunity - Human Nutrition, 2017 (9AB8/20)
Contact:
Kristina Menzefricke
Corporate Communications – Frost & Sullivan, Europe
P: +44 (0)208 996 8589
E: [email protected]
http://www.frost.com
Share this article