According to the report, Increasing Demand for Plant Based and Healthy, Oil-free Food is one of the primary growth factors for the market. Increasing Demand for Ready to Eat Food is also expected to contribute significantly to the Food and Drink Consumption market. Overall, Industrial applications of Food and Drink Consumption, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.

AMA’s Analyst on the Global & Nigeria Food and Drink Consumption Market identified that the demand is rising in many different parts of the world due to "Increase In Technological Advancement Such as Use Of AI, Automation for In-House Task and Robotics in Manufacturing". Furthermore, some recent industry insights like "In May 2022, Nestle acquired Puravida Brazilian nutrition and lifestyle brand. Puravida was manufacturer of drink mixes, protein powders, nutrition bars and snacks that is based in São Paulo. Nestle is one of major operator in food and drink market. This acquisition helped company expand its presence in health and nutrition-based food and drink market" is constantly making the industry dynamic. One of the challenges that industry facing is "Increasing Incidence of Contamination in Food and Drinks, High Consumption of Plastic by Food and Drink Industry and Growing Awareness in Consumer about Use of Preservatives and Chemicals in Food and Drink"

The Distribution Channel, such as Offline (Hypermarkets, Supermarkets, Multi-Brand Stores, Specialty Retail Stores, Independent Retailers,), is boosting the Food and Drink Consumption market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Source Type, such as Plant Based, is boosting the Food and Drink Consumption market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Nature Type, such as Organic, is boosting the Food and Drink Consumption market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global & Nigeria Food and Drink Consumption market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Food and Drink Consumption market and other related sub-markets covered in the study.

o Key & emerging players in the Food and Drink Consumption market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Food and Drink Consumption market size is calculated using market estimation process, the Food and Drink Consumption market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global & Nigeria Food and Drink Consumption market size has been validated using both top-down and bottom-up approaches.