Global Food Processing Sector: Current Landscape and Future Outlook

Author(s)	Asmi Raza
Country	India
Abstract	The global food processing market is an incredibly dynamic and ever-expanding industry and is like a vast ecosystem that dishes out all sorts of products for us consumers to gobble up, but what exactly fuels this whole shebang is a whole mishmash of factors, like people having more money to burn, their lifestyles taking unpredictable detours, fancy-chancy food processing gizmos, and a full-on robot takeover, and the industry grappling with stuff like what consumers fancy, making sure our grub won't make us keel over, and being all eco-friendly. From 2021 to 2030, the entire global food processing show is going to grow at a CAGR of 4.5% and there is a talk about farming, getting all space-age with digital wizardry like automation, precision farming, and artificial intelligence looking for alternative protein sources from plants, culturing meat in labs, and even involving insects. To top it all off, the industry people are contemplating that to keep up in this worldwide food processing mechanism, they'll have to shape-shift with consumers who change their minds more often and deal with the government's rules and policies.
Keywords	food processing, innovation, sustainability, blockchain principles, food safety
Published In	Volume 6, Issue 6, November-December 2024
Published On	2024-12-31
DOI	https://doi.org/10.36948/ijfmr.2024.v06i06.33995
Short DOI	https://doi.org/g82ggz

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