Food Demand Forecasting for Improved Customer Loyalty

Food Demand Forecasting for Improved Customer Loyalty

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With the global population estimated to reach 9.3 billion by 2050, the United Nations Food and Agricultural Organization (UN FAO) has calculated that there is a need to increase food production by 60% to meet the growing demand. Urbanization, growing awareness about healthy and functional food, demand for convenience, lifestyle changes, and a rise in disposable income have led to an upsurge in demand for processed food.