Do you want to go out to eat? People around the world are saying “yes” to this answer, but are finding different venues to satisfy their hunger. In fact, you might be surprised to hear that 20% of the world’s food venues are street vendors! Did you know that of the 10 largest markets in the world in the food services industry, five are in East Asia? The industry is making some major shifts which are also specific to geographic location.
globalEDGE Blog - By Tag: food-and-beverage-series
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As the world is becoming more globalized, there has been a change towards internationalization in the food and beverage industry as well.
Traveling abroad for business is an essential part for many professionals. Also, since business men and women from different parts of the world work together on many occasions, it is only natural that they share and spread different cultures. This is very strongly pronounced in the way taste preferences around the globe have changed.
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Quality wine is produced and consumed all over the world. It is custom in so many different countries to have a glass of wine with dinner, serve it at gatherings, or drink it socially. It has become a huge industry worldwide. What is fascinating now is how the industry is constantly evolving.
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Recession? What recession? Only select areas of the food and beverage industry struggled during the past two years. The industry as a whole performed well overall in 2009 and will likely continue to develop in promising emerging regions after having proven capable of adapting its product offer to new consumer tastes in mature markets.
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In many parts of the world, food is emphasized as a part of culture. Whether it is dining out at an authentic restaurant, or staying home to make a family recipe, there is no doubt that the food and beverage industry is prominent worldwide.