Fi Global Insights 2020 Trend Guide

Page 23

Innovation Tours Healthy Snacking Innovations

Innovations in Beverages

Life is increasingly fast-paced and the lack of

estimated $1.9 trillion by 2021 and is forecast to grow

time influences our consumption behaviours.

at a CAGR of 3.0% from 2016 to 2021 (Research and

As a result, the boundary between meals and

Markets). The major drivers for the growth of this market

snacks is fading. According to Nielsen, 76% of

are growing urbanization and disposable income.

The global beverage industry is expected to reach an

global consumers eat snacks sometimes or often and 45% do so to substitute a meal. In addition,

Market drivers include sugar reduction, naturalness and

consumers are looking for more balanced

new sensory experiences. Within this category global

nutritional alternatives and this is predicted to

functional beverages (energy drinks, sports drinks &

drive the global market for healthy snacking to

dietary supplements) are growing at 11% CAGR and

$32.8 billion by 2025 (Grand View Research).

incremental market size growth will be almost USD 156 billion during 2019-2023 (Technavio). More specifically,

Limagrain ingredient

the energy drink market is forecast to be the fastest-

GreeFood50

growing segment due to the steadily growing number of

NDF Azteca Milling

health-conscious consumers.

Bel Industrie Millets

Destilla Gmbh

Diana Food

Plantex

Friesland Campina

Prova s.a.s

Tereos

Biospringer

Cambridge Commodities

Daregal

Roquette

LaVitella Taiyo

Download here the descriptions of innovations that were presented by the participating companies.

CFF Brace GmbH Seqens Mineral Specialties Nexira Download here the descriptions of innovations that were presented by the participating companies.

Fi Global insights 2020 Trend Guide | 23


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