The global biomedical refrigerators and freezers market is slated to magnify at a strong CAGR of 4.2% over the period amid 2016 and 2024. The market, which was worth $2.91 billion in 2015, is predicted to upswing to $4.28 billion by 2024…
BMI View: The food and drink industry will experience only modest growth throughout the next five years
due to high sector maturity, weak private consumption growth and deteriorating confidence following the
UK's vote to leave the European Union. Demand for convenience and rising health awareness will have a
long-term impact on the industry.
Key Trends & Industry Developments
? France has one of the most developed food and drink industries in the world, which limits room for
growth. We expect demand for organic food to pick up rapidly throughout the coming years, amid the
consumer recovery and the health awareness trend.
? Shifts in consumption patterns will greatly affect the drinks industry over the coming years. Mineral
waters will outperform as health consciousness remains key in purchasing decisions. Consumers will
increasingly favour quality over quantity in alcoholic drinks, which will benefit spirits and premium