The global dairy and soy food sector was valued at US$624 billion in 2016, according to market research agency Report Linker.
The market was valued at US$83.4 billion in 2016, representing a CAGR of 3.5 percent, according to market research agency GlobalData.
The global food robotics market is projected to grow at a CAGR of 12.8 percent from 2017 to 2022, according to Research and Markets.
The global food traceability market is expected to grow at a CAGR of 12.2 percent, according to Stratistics MRC.
The global antimicrobial packaging market is expected to rise to US$11.9 billion by the end of 2024, according to Transparency Market Research.
The global dairy ingredients market size is expected to reach US$86.97 billion by 2024, according to a report by Grand View Research Incorporated.
Vietnam is forecast to be the fastest growing convenience market in Asia by 2021, followed by the Philippines and Indonesia, according to grocery research agency, IGD.
Food safety is one of the top priorities for food businesses today in light of growing concerns to ensure consumer safety and brand quality. Kris Fairfield, global business director, product inspection, Thermo Fisher Scientific, sheds insight on the technologies companies can and should leverage in their production process.
While the Industry Ministry of Indonesia has set the F&B industry’s growth target at 7.5-7.8 percent, players in the industry are optimistic that growth will exceed expectations.