Industrial chocolate has been around for the longest time. However, the environmental and consumption factors have changed the face of the industry and put it in a state of dynamism. Chocolate has become more than just a treat: it has doubled as a snack, a treatment, an item on the menu, an experience. Therefore, vendors are finding new ways to interact with consumers.

Food traceability (tracking technologies) comprises the ability to identify and validate various stages of the food chain from production to distribution. It involves recognizing the origin of the food and its destination, from where it will be distributed to different end users. This system is essential for food investigations and is crucial in global food trade as multi-ingredient food includes materials from variety of food chain & countries. This makes importers dependent upon traceability systems of other countries up to the point of import. This report provides comprehensive analyses of the equipment used in global food traceability (tracking technologies) market, which include PDA with GPS, thermal printers, 2D & 1D scanners, tags & labels, sensors, and others. Moreover, different technologies employed in the market are systematically mentioned with their shares, including, RFID/RTLS, GPS, barcode, infrared, and biometrics.

The food and beverage sector is highly competitive and dominated by local companies. It is generally open to foreign investors but the government favours local producers. In 2014, Indonesia limited the number of franchise outlets established by one company to a maximum of 250. The franchisor or franchisee is obliged to use at least 80% of business equipment and raw materials that are domestically produced. Global food companies present in the Indonesian food and beverage market include Nestle, Coca Cola, Unilever and Carrefour. According to BMI Research, Coca Cola has a 90% share of the Indonesian carbonates sub-sector, a 39% share of the Indonesian juice market and a 15% share of the RTD tea market.

Food safety testing is a process of examining food in laboratories for validation and consumption preference. Food & beverage products, such as fruit juices, edible oils, beer, and wine, are tested for the detection of purity using advanced instrumentation. In addition, food safety testing is utilized to ensure food is fit for consumption. Implementation of stringent regulations related to food fraud, rise in economically motivated adulterations owing to high competition among food producers, and increase in instances of food debasement such as adulterations, presence of toxins, and certifications, drive the growth of the food safety testing market. Furthermore, rapid growth in international trade and increase in awareness related to food safety testing & certification among consumers are expected to boost the growth of the market. However, factors such as complexity in testing techniques and lack of harmonization of regulations, are expected to hamper the market growth during the forecast period. Conversely, technological advancements, such as test kits for onsite testing are expected to provide lucrative opportunities for the growth of the market.

It is no secret that Americans love meat. However, there is now a food revolution, which is weaning them off meat. Plant-based meats are making meat-free eating without missing out on the eating experience and nutrition of meat a possibility. While the proposition of plant-based peats has been around since the time of tofu, it is only now that vendors such as Beyond Meat and Impossible Foods are creating products that can masquerade as the real thing. For reasons of better health, economic considerations, and environmental destructions that are growing and feeding traditional meat is causing, consumers are reducing their meat consumption. As meat moves away from the center of plate, the technology is offering avenues for stirring culinary exploration and appealing to multiple tribes from meat-eaters to vegans alike. The iterations are numerous. From products that have created a legacy to new entries that mimic less popular meats, the portfolios have become expansive and are enabling accessibility to savory and umami-flavored mock meats.

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香精通常直接用于增加各类终端产品的香气和香味，具有独特和不可替代的作用。随着全球经济的不断发展以及消费水平的不断提高，使得居民对于食品以及日用品品质的要求愈来愈高，香精香料行业得以快速增长。

行业评级及投资策略：休闲零食电商步入中速增长时期，三强格局稳定。龙头线上增速亮眼，线下布局积极推进。未来行业中短期来看是线上龙头的份额争夺，中长期来看是龙头竞争优势的比拼。短期来看，休闲零食电商行业空间依旧存潜力，随着品类调整等动作，预期净利率可有提升，我们给予行业推荐评级。