The food and beverage industry is a very dynamic one that’s largely impacted by the
evolution of technology and the shifting tides of taste buds. Much like in other industries, automation and data extend their reach into the food and beverage world and will fuel innovation and big changes in the way companies construct more customer-centric service models and products. Greater demand for a plant-based way of life, organic goods and CBD infused foods is shifting the way companies approach what they’re selling and how they’re selling it. But with all of these new products and preferences in the mix, what can we look for in the years to come? How will the food and beverage industry keep up?
We’ve compiled the current food and beverage industry trends here to give you a quick peek at how the market will move forward and what role the cables and wire market plays in its trajectory.
Food & Beverage Trends & Future Outlook
Growing populations mean a growing demand for food. According to a recent report on vertical farming, a non-traditional method of farming, the world’s urban population is set to grow by more than ten percent by 2050, which means more urban areas will need to start producing their own food locally. The success of big corporations and the food giants we have come to know, love and trust with our satisfied stomachs in part depends on the success of global farming and vertical farming markets.
But there are many other factors that will impact the future of our favorite snacks and drinks. Forbes recently shared a few changes that we can expect to see in the years ahead.
- Greater use of automation and technology tools to fuel efficiencies and new customer experiences
- Increased demand for smarter and more environmentally friendly farming techniques
- New ways of reducing carbon footprints and energy consumption in agriculture as demand for crops rise
- Rapid growth of the global vertical farming market matching the demand for organic goods and the limited land left suitable for traditional farming methods
- Consumers looking for clean, easy-to-read labels and package branding that calls out “real” ingredients and ties to dietary requirements
- A decrease in the use and desire of single-use plastics for food and beverage packaging
- A new trend toward small food and beverage businesses that gain growth by seeking investments from larger food giants struggling in the market
- A decrease in the desire for sweeteners and sugar-loaded foods, which is related to the increased demand for clean labeling
Food & Beverage Wire & Cables
The food and beverage industry must adhere to many complicated laws and regulations concerning quality and safety in food production. This is big for the wire and cable market, which supplies equipment for manufacturers that allow food and beverage companies to comply to these requirements. This equipment supports efficiencies and best practices in processing and packaging and promotes cleanliness during activities.
OmniCable offers a selection of cost-effective cables and equipment for the food and beverage industry, including: