|2019 Outlook of the Global Agriculture and Nutrition Industry|
|Adapting to Digitalization, Adopting New Business Models, and Searching for Palatable Meat Alternatives will Define the Agriculture and Nutrition Industry|
While technology offers the greatest opportunities for the agriculture and nutrition industry, enabling technology to deliver on personalization is the next big thing. Retailers will take advantage of consumer trends with free-form and meat substitutes receiving more shelf space. Finally, sustainability remains a key issue for the F&B packaging industry with plastic packaging facing substitution pressures. The global processed food &beverage (F&B) industry was valued at $3.28 trillion in 2018, with revenues expected to reach $3.41 trillion by the end of 2019. This will provide a year-on-year growth rate of 3.9%, although the revenue trajectory varies widely by product segment and geography.