Food and beverage industry poised for economic growth
Emerging markets continue to lead the way for future sources of income.
This issue features Food Engineering’s annual report on the business strategies of the world’s top 100 food and beverage companies. For the past few years, the leading global processors have focused on emerging markets as a source of future income growth, and this year is no exception. The balance of buying power is shifting, with China emerging as the world’s largest consumer market, putting the US in second place. Turn to pages 64-76 in this issue for the latest information on the shifting priorities and business plans of the world’s leading food and beverage processors that are poised for continued economic growth.
Here at home, KPMG’s 2013 Food and Beverage Industry Outlook, released last month, states US food and beverage executives believe modest improvements in US business conditions will continue, and an overwhelming majority predicts the industry will experience growth over the coming year. More than half of these survey respondents plan on investing capital to drive growth.