The hospitality industry is split between many different categories. Typically, food, accommodation and travel are the most popular and gain the most attention. The ability to be successful in this industry is highly related to the quality of customer serviced provided. The larger organizations may be involved in multiple facets of hospitality, while the small business is likely to target and excel in a single category. For those in the hospitality industry that are able to operate in several categories, there are many more opportunities to find customers and create a successful business.Also, the hospitality industry is likely to depend on a strong economy. Any business involved in this industry can thrive when people are happy to spend on travel or going out to eat. However, in times of a challenging economy, there may be a need to be more creative in an effort to bring in the business, such as offering special discounts or activities.Here is an overview of the three main categories of the hospitality industry:Food and drinkThe major hospitality industry is likely to relate to food and drink. This element can range from the personal catering establishments to fast-food eateries and high-end restaurants. Also, this area of hospitality can easily be combined with other industries, such as movie theaters or bowling alleys. Also, if a hotel has a restaurant on the premises, the ability to serve high-quality food with excellent service is only going to enhance the all-round customer experience.AccommodationBed and breakfast, hotels, resorts and similar places are a significant part of the hospitality industry. The businesses that rely on an outside service to provide hospitality can range from the most high-end hotels to the more affordable end of the market, such as campgrounds. Travelers will expect to receive simple amenities and thoughtful treatment, so the hospitality offered should be efficient, integrate comfort, and be very attentive to guests. A high-quality service that leads to guests feeling catered to and appreciated will more likely lead to a pleasant experience and hopefully use the same accommodation in the future.TravelThe next major segment of the hospitality industry relates to travel and tourism. This may relate to all forms of transportation, such as cruise ships, trains and airlines. On the cruise ships and flights, the staff is able to function as hoteliers and food servers in an effort to give guests a comfortable and enjoyable experience. Both the vacationers and business travelers will appreciate and benefit from this type of service.
The preservation of food is one of the oldest technologies known to man. Preservatives have successfully augmented and made food available for extended periods. Sugar and salt have been used from time immemorial to preserve food products. They are classical examples of natural food preservatives. Preservatives have, nowadays, become an indispensable part of the almost every processed food consumed, worldwide. They are the class of food additives (natural or chemical compounds) that are added to food products to restrict the growth of spoilage-causing microbes and to prevent any undesirable alterations in the organoleptic profile of foods. They, thereby, lengthen the keeping quality and shelf-life of food products. Food trade is getting increasingly globalized with consumers demanding all-round availability of seasonal and perishable foods. The global market for food preservatives is driven by the increasing demand for convenient foods and high standards of food safety and quality. The Global Food Preservative Market is expected reach USD 3001.4 million by 2023, at an estimated CAGR of 2.7% during the next five years (2018-2023), according to the Hyderabad-based market intelligence firm.Expansion of Processed Food industry:With the advent of refrigeration technology, food transportation became a viable trade, thereby providing the much-needed fillip to the growth of the processed food industry. Processed foods are increasingly perceived as the preferred choice of consumers in the backdrop of rapidly evolving marketplace. Modern consumers are devoid of enough time, owing to their hectic lifestyles, which is an outcome of dynamic economic development. Consumers are, thus, opting for processed food products that are safe, affordable and convenient. They are indispensably incorporated in processed food products to cater to the increasing demand for safety, higher quality, and sustainability.The rapid evolution of global food supply chains has necessitated the use of food preservatives that enhance the keeping quality by increasing their shelf life. The taste and odor of products are kept intact with the use of preservatives that not only restrict the growth of spoilage microorganisms but also assist in maintaining the all-round availability of perishable food products. The developing economies have witnessed exponential growth in the market for processed foods, owing to the rise in discretionary incomes of the emerging middle-class. Thus, the robust growth of the industry has driven the market for them.Natural Preservatives:The rise in consumer preferences for healthier products has prompted manufacturers to reformulate their products by providing “the clean label” for customers. To meet the demand for healthy products, food processors are eliminating and replacing unsafe ingredients with healthy ingredients. Many brands have completely revamped their product portfolio by eliminating synthetic anti-microbial agents or preservatives. Consumers have shown greater interest in buying products that have recognizable names on labels, companies are, thus, incorporating natural food preservatives that can fetch higher sales, making the market increasingly sustainable in the upcoming years.Natural food preservatives, like essential oils, spices, vinegar, new fermentates, fruit extracts, and plant extracts, are constantly assessed for their anti-microbial efficacy, in order to commercially incorporate them into processed products to create consumer-friendly labels.The healthy-eating trends have led to higher demands for natural, non-GMO, and minimally-processed premium food products, necessitating the use of natural preservatives. However, the rising popularity of novel food preservation methods, like high-pressure processing, aseptic processing, etc., is that completely eliminate the need for food preservative, is impeding the market growth.The Way Ahead:Food preservatives will continue to play a contributing role in maintaining the global food security and safety. However, more R&D will be required to understand the complex interactions with the molecular components of products so as to ensure enhanced safety and quality. Moreover, the dedicated agencies are also required to tighten the framework regulating the use of them so as to ensure safe food to end-consumers.