The food and beverage industries are among the fastest growing worldwide. Research predicts the industry’s value will hit $8.9 trillion by 2026, at an 8.7% compound annual growth. The market breaks down into multiple distribution channels, including hypermarkets/supermarkets, e-commerce, and convenience stores. Consumers remain the most significant trend driver in the F&B space with ever-evolving preferences, which can take a toll on many brands. But innovation represents the path forward to new product development.

While you need more – and better – ideas to move innovation into production, turning those ideas into real-world processes looms large as an insurmountable obstacle. But leveraging R&D seamlessly into product development doesn’t have to be so difficult.