Overview, market size, growth trends, news resources
When Matt, George, and Gary, stars of the TV reality show “MasterChef Australia,” came to Mumbai, they were mobbed, much to their surprise. But they knew they could not have been mistaken for Ponting, Bret Lee, and Warne. The crowd was there because the trio and their show were red hot in curry land. Indians love food and those who make it.
A famous foodie once said that the only thing that he loved better than talking about food is eating. Here, we just have to take the second choice. So let’s chew on facts and figures from the world of food and drink.
The larger picture, first. The global food and beverages industry is made up of many segments, including groceries, oils and fats, food additives, functional foods and beverages, packaged foods, health and natural foods, canned food, baked food, baby food, animal food, soft drinks, alcoholic drinks, energy drinks, and packaging.
The industry is driven by consumer demand for more nutritious food and better packaging, which also spurs technology advances in the field. Today, pasteurisation, high-pressure processing, UV treatment, and nanotechnology are influencing the industry. A concern for the environment has led to the use of more recycled material for packaging.