Global food manufacturer respondents consider China, India and Brazil to offer the largest growth potential among emerging markets
Dallas, TX (PRWEB) April 24, 2013
Executives from the global food and beverage industry expect to see increased levels of consolidation, with 53% of respondents anticipating that there will be either a ‘significant increase’ or an ‘increase’ in merger and acquisition activities in 2013. The anticipation of M&A among global food and beverage industry (http://www.reportsnreports.com/reports/237699-global-food-and-beverage-survey-2013-2014-market-trends-buyer-spend-and-procurement-strategies-in-the-global-food-and-beverage-industry.html) respondents has increased by seven percentage points as compared to the 2012 survey and has decreased by two percentage points as compared to the 2011 survey. Respondents from food and beverage manufacturing companies expect an increase in consolidation activity due to industry specific reasons, such as the consolidation of food packaging businesses (http://www.reportsnreports.com/tags/food-packaging-market-research.html), to make up for declining volumes, increasing cost pressures, expansion in new markets, and increasing competition.
An analysis of responses by food manufacturer companies reveals that ‘new product development’, ‘machinery and equipment purchase’, and ‘IT infrastructure development’ will record significant increases in capital expenditure in 2013. In addition, global beverage manufacturer companies reveals that ‘new product development’, ‘machinery and equipment purchase’, and ‘facility expansion’ will register some increase in capital expenditure in 2013.
According to survey results, 68% and 48% of global food and beverage manufacturer respondents are ''more optimistic'' about the revenue growth for their company in 2013 respectively.
Global food manufacturer respondents consider China, India and Brazil to offer the largest growth potential among emerging markets in 2013–2014. Global food manufacturers highlight China to offer the largest growth potential in 2013–2014, as it represents one of the largest consumers of food products in the world, wherein there is an increased consumption of pork, corn, beef, and ready to eat food. Additionally, global beverage manufacturer respondents consider China, Brazil, and India to offer the largest growth potential among emerging markets over 2013–2014. The global demand for both alcoholic and non-alcoholic beverages has continued to grow in spite of economic woes, and in 2013–2014, the Asia Pacific region will lead this growth by far.
Key Features and Benefits
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- An analysis of revenue growth expectations by senior level respondents reveals that 52% are ''more optimistic'' about their company’s revenue growth in 2013.
- Survey results show that, 48% and 35% of supplier respondents respectively project at least some increase in capital expenditure on ''new product development'' and ''sustainable or green initiatives'' in 2013.
- Across the global food and beverage manufacturers '' industry, the top three expected key changes in business structure are addition of ''new products and services'', ''improving operational efficiency'' and to ''expand in emerging markets''.
- According to 35% and 20% of respective respondents from global food and beverage manufacturer companies, headcounts in their organizations in 2013 is expected to increase steadily by up to 2% of their current workforce.
- US, Singapore, Taiwan and Hong Kong and South Korea offer the highest growth potential among developed countries in 2013-2014.
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