On the 19th of November this year the most recent FiE
Excellence awards took place in Messe Frankfurt. The awards are held every two
years and reward the major innovations in the food industry based upon seven
categories and judged by a panel of industry experts. Innovation is incredibly
important for the future of the food and beverage industry, and highlighting
the companies who are paving the way in innovation-led business indicates who
the key players are going to be as we move forward into the next couple of
years.
ROQUETTE won the overall innovative food ingredient award as well as the
equivalent award in the Bakery category for their Microalgae High Lipid Algal Flour. The
flour contains 50% lipids, and has been used to successfully bake goods without
eggs or butter, with reported similar tastes and textures. This has the
potential to completely change the face of the bakery market in the next
decade, particularly in our health-conscious society.
Taking home the Beverage innovation award, Tate &
Lyle are proving big names in the future of the industry with their
Soluble Gluco Fibre PROMITOR®. The company states that it is committed
to responding to the growing consumer demand for products with health benefits,
which is where their creation of this dietary fibre stemmed.
There was a heavy focus on the health and
functionality of future foods at the awards, with other winners including Chr.
Hansen – SaltLite, which can help reduce sodium levels in cheese by 50% without
affecting taste and texture, and IOI-Loders Croklaan - CristalGreen®, a
product which eliminates the need for hydrogenated fats in confectionery.
What these awards demonstrate is that
the food industry is dedicated to continued growth, and aims to produce what the
consumer wants. Ongoing technological innovations is an indication that the
industry is confident about the future of the food and beverage market, and
that there are opportunities for further expansion.
Knowing where the food and beverage
industry’s business confidence is at is essential for understanding the market,
and realising the potential for the future. The Industry Report Store has an
invaluable market intelligence report which details food and beverage business
confidence from Q4 this year. It confirms the overall optimistic trends of the
industry, illustrated by a 2% increase in net revenue growth for PepsiCo. Both PepsiCo and Coca-Cola are intending to leverage growing health trends by
expanding their range of functional beverage products, perhaps using
innovations launched by the winners of the FiE awards.
Alongside detailed economic profiling
and analysis of impacting factors, such as austerity measures, this report
highlights the key areas for future growth and how both business and consumer
confidence will affect it. It’s an insightful source of business intelligence
for any company wishing to know more about where the food and beverage industry
is currently standing, and absolutely integral for those wishing to keep their
business strategies in line with the latest information.
Find out more about this report here:Food and Beverage Business Confidence Report Q4 2013
Contact us if you’d like to know more
or if you want to request some sample pages.
About Industry Report Store:
Industry Report Store is the most comprehensive online resource for market research reports, analysis, news and expert commentary on 40 industries in over 100 countries. Find over 150,000 global and country sector reports, consumer trend reports, company profiles and market guides, all available for online purchase.
The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own in-house expert teams and from carefully selected third-party publishers. We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.
With access to over 400 in-house analysts and journalists, and a global media presence in over 30 industries, Industry Report Store delivers in-depth knowledge of local markets worldwide.
Elizabeth Ryan
Marketing
T: +44(0)20 3220 0814
M: elizabeth.ryan@progressivemediagroup.com
M: elizabeth.ryan@progressivemediagroup.com
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