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2020 Food & Beverage Industry Report

Overview

Austo & Co’s 2020 food and beverage report largely focuses on three segments of the industry – Hot Beverage, Ready to Eat Breakfast Cereal and Noodles &Pasta.

The global food & beverage industry has experienced phenomenal growth due to factors like growing population, technological advancements, streamlined manufacturing processes, and more efficient supply chains. We expect these factors to sustain growth in the short to medium term, although, at a level that is slightly subdued due to the adverse impact of the COVID-19 pandemic. On a global scale, the recent trends in the food & beverage industry include; increasing importance of corporate environmental sustainability, innovative packaging and changes to regulations around nutritional facts.

Nigeria, with its large consumer market, has the potential to be the fastest-growing economy in Africa, with a projected annual GDP growth rate of 4.2% in the period 2016-2050 according to the IMF.

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The report provides the following;

  • An overview of the global food & beverage market with emphasis on recent trends and growth opportunities
  • A broad insight on the hot beverage, RTE breakfast cereal, pasta and noodles market in Nigeria
  • Effect of COVID-19 on the industry
  • Analysis of the Industry’s size, structure, segmentation, trends and performance.
  • It also outlines key competitive tools pertinent to the success of the industry operators.
  • It examines the Industry’s value chain and a thorough analysis of the competitive landscape and SWOT analysis.
  • In-depth analysis of the financial condition of the industry
  • It also provides an overview of the key regulators and regulations guiding the Industry.
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