Food and Beverage: Introduction
Companies in this segment produce carbonated and noncarbonated soft drinks, bottled water, ice, and alcoholic beverages.
Companies in this segment manufacture dairy-based products from both raw and processed milk, as well as dairy substitutes.
Fruits and Vegetables
Companies in this segment distribute fresh fruits, vegetables, spices, and herbs. The main task of distributors is to get the fruit and vegetables from producers to customers, including both food retailers and foodservice providers.
In this segment, companies mill flour and rice, malt grains, and mixed prepared flour mixes and dough. Major products include flour, rice, and malted grains.
Meat, Poultry, and Seafood
Major products in this segment are wholesale meat products that will be cut or processed further, ground beef for commercial use, and "case-ready" items for retail use.
Sugar and Confectionery
Companies in this segment produce raw sugar from sugar cane, refine raw cane sugar, and produce refined beet sugar from sugar beets. The most widely used product for sugar manufacturers is refined sugar for both industrial and consumer use.
The Food and Beverage industry is Fragmented. The production in this industry is divided among a few different companies, however, no single firm has large enough share of the market to be able to influence the industry's direction or price levels.
Primary Demand Drivers
- Food consumption
- Population growth
- Efficient operations, because products are commodities subject to intense price competition
From the Blog
With the happiest time of the year just around the corner, people around the globe are beginning to prepare for their holiday traditions. Some plan trips to see family, while others are out shopping for gifts. Decorations are springing up, and joyous Christmas songs echo across the radio. Throughout many countries, people are beginning to prepare for Christmas and other holidays with dinners and meals. This might be through reservations at restaurants or orchestrating intricate meal plans.
As cultures collide, people are becoming more tolerable of changes and foreign ideas. During the past few decades, the variety in every aspect of life has been increasing, especially in the food industry. People are becoming more adventurous and willing to try different tastes and spices. However, some of these so-called "authentic" restaurants are not as authentic as they may seem.
- Hoovers (Date Accessed: 6/1/2017)