Global Migration: Emerging Opportunities in Food and Drink
Global look-a-likes of favorite foods, prep-less meals, and a new pseudo-vegan lifestyle are among the megatrends reorienting the global food industry.
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Global sales of packaged foods and drinks topped $2.1 trillion in 2017 and are projected to increase at a compound annual growth rate (CAGR) of 2.2% through 2022. Asia Pacific and the Middle East/Africa are the fastest-growing sectors (Euromonitor 2019a).
Dairy is the largest global packaged food category followed by baked goods, processed meat/seafood, confectionery, savory snacks, rice/pasta/noodles, sauces/dressings/condiments, sweet biscuits/snack bars, ready meals, and edible oils (Euromonit…
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