The main participants/ competitors in food/groceries industry?

Expert Solution

Food industry comprises a complex network of activities pertaining to supply, consumption and catering of food products and services. This industry is highly competitive and which is why it is necessary to be highly efficient and stay up-to-date with consumer tastes and preferences and their nutritional demands. The food and beverage industry is comprised of a wide variety of products such as soft drinks, baked foods, tea and coffee, juice, meats, milk, candy and the like. Revenue in this industry stems from demand, which is driven by consumption, population growth, consumer tastes and preferences and their disposable income.

Components of food sector includes:

Agricultural activities for growing crops and raising livestock.
Food processing units to pack the products
Research and development on food technology
Manufacturing sector - for fertilizers, farm machinery and hybrid seeds
Regulating authority, to ensure equality and safety
Financial services, for timely credit availability

The food industry consists of global network of producers, wholesalers, retailers and distributors, serving the ever-growing demand for food cross the globe. And so, each of them has a significant role to play in this industry.

Like any other industry, the global food processing and beverage industry is dominated by a cluster of highly powerful multi national corporations. Some big names in the list are Nestle, PepsiCo, Anheuser-Busch InBev, JBS, Tyson Foods, Unilever, Modelez International, Kraft Heinz Company, Coco-Cola Company, MARS, ADM, Cargil, Danone, Cadbury etc.

Top fast food franchises across the world include McDonalds, Pizza Hut, KFC and Dominoz Pizza.

Rahul Sunny answered 2 hours ago

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