The cold chain market is driven by the stringent government regulations imposed on production and supply chains, owing to the increasing number of food safety and pharma counterfeit incidents. Governments, across the globe, have stated various regulations and guidelines for storage and transportation of refrigerated products. For instance, in November 2013, the European Union passed guidelines on good distribution practices for medical products used on humans.
The demand for craft beer is expected to witness substantial growth on account of the growing consumer preference for craft beer over the mainstream beer. A wide range of flavors coupled with low ABV is expected to be the key factors for the aforementioned shift in the consumer tastes & preferences.
The global savory snacks market has evolved a lot since the 1990s when the industry was represented by few brands such as Doritos and Cheese balls and there were few other regional brands. The demand increased rapidly after 2000 when PepsiCo brought Lays and Cheetos to the market. Since then, many global and regional companies have entered into the industry with diverse offerings.
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