Consumer consciousness regarding food waste grew to 72% in the past two years. It is one of the population’s main concerns, together with rising food prices, supply chain challenges and the pandemic, with an impact on their behavior.
Despite best intentions regarding sustainability and the environment, the purchasing decision about F&B brands to purchase is ultimately led by price, with fast-rising inflation and the worst cost of living crisis in a century, research finds.
Technavio anticipates a CAGR of 2.99% for the industrial bakery oven market worldwide by 2025, a growth of USD 267.98 m, a study shows. The research outlined a fragmented market, a trend expected to continue over the next three years.