Food Grade Industrial Gases Market: Expansion of Food & Beverage Industry
The gradually changing preferences of the middle and upper-middle class families across the globe, especially in developing economies such as China, India, and Brazil have spurred the food processing sector and fuelled the growth of the food & beverage industry as well
Increase in number of nuclear families along with dual income sources and lifestyle challenges in metro cities and urban areas has resulted in transformation of the consumption pattern of the population including their food habits
These changes have resulted in an increase in preference for convenient and time saving options such as ready-to-eat or ready-to-cook segments of the food industry
Increase in disposable incomes and purchasing power of middle class families has led to an increase in demand for packaged food & beverages due to more spending on food products
Asia Pacific region is expected to become a major consumer of food & beverages worldwide by year 2030, as the demand for packaged food & beverages is now witnessing a shift from developed regions to developing countries
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