The document provides an overview of the UK food and drink manufacturing sector. It discusses the sector's structure, trade performance, regional presence, and export growth. Some key points:
- The food and drink sector is the largest manufacturing industry in the UK, accounting for 16% of total manufacturing output. However, the UK imports 48% of its total food needs and runs an overall trade deficit of over £22 billion in food and drink.
- The sector has a presence across the entire UK, with Scotland having the largest share of both production and turnover at 16% and 12% respectively, driven by its drink industry including scotch whisky.
- Exports of UK food and drink have more than
Emerging Paradigm for India's Manufacturing Sector Sudeeksha Gupta
A presentation based on our research paper " Emerging Paradigm for India's Manufacturing Sector". It assesses the general potential impact of the shock on various segments of the economy with specific details of impact on the manufacturing sector, the factors stimulating it and analyse the policies that have been announced so far by the central government to ameliorate the economic shock and put forward a set of key recommendations for businesses and Indian economy.
The COVID-19 pandemic is a global health crisis that is already having
devastating impacts on the world economy – both directly and through
necessary measures to contain the spread of the disease. These impacts
are also being felt by the food and agriculture sector. While the supply of
food has held up well to date, in many countries, the measures put in place
to contain the spread of the virus are starting to disrupt the supply of agrofood products to markets and consumers, both within and across borders.
The sector is also experiencing a substantial shift in the composition and –
for some commodities – the level of demand.
How damaging these impacts turn out to be for food security, nutrition and
the livelihoods of farmers, fishers and others working along the food supply
chain will depend in large part on policy responses over the short, medium
and long term. In the short term, governments must manage multiple
demands – responding to the health crisis, managing the consequences of
the shock to the economy, and ensuring the smooth functioning of the food
system. While the pandemic poses some serious challenges for the food
system in the short term, it is also an opportunity to accelerate
transformations in the food and agriculture sector to build its resilience in
the face of a range of challenges, including climate change
This 79-page report from Euromonitor International analyzes consumer lifestyles in Norway, covering topics such as education, work, eating, drinking, grooming, fashion, health, shopping, leisure activities, travel, and financial habits. The report uses data from 2006-2011 to understand trends and provides charts and rankings to compare Norway to other regions. It aims to help understand factors influencing Norway's consumer choices. The report can be purchased for $1900 for a single-user license from Euromonitor's website.
Seminar: Effects of the EU bilateral trade agreements on agriculture and food sectors 16 December 2016, Helsinki
The impacts of the TTIP agreement on the EU and Finnish agricultural sector
Mrs Ellen Huan-Niemi, Senior Research Scientist, Natural Resources Institute Finland
Ellen Huan-Niemi (Luke), Jyrki Niemi (Luke), Janne Niemi (VATT): The impacts of the TTIP agreement on the EU and Finnish agricultural sector. Seminar 16.12.2016: Effects of the EU bilateral trade agreements on agriculture and food sectors
CORONAVIRUS (COVID-19) IMPACT ON VARIOUS INDUSTRIES & POTENTIAL PATHS OF RECO...Mirdul Amin Sarkar
Introduction: The COVID-19 pandemic is going to be the longest health crisis ever being suffered in the modern times. The pandemic has disrupted global supply chains and international trade. More than 100 countries are closing their national borders and the movement of people has come to a screeching halt. The pause in the movement of people is greatly affecting the world economy, as people are staying indoors and major industrial productions has come to a grounding halt. According to an analysis by the UN Department of Economic and Social affairs, the global economy could shrink by upto 1% in 2020 due to the coronavirus pandemic which is lower than the previous forecast of 2.5% growth. The UN also added that the global economy could contract even further if restrictions on economic activities are extended without any adequate fiscal responses.
The coronavirus pandemic is affecting the overall growth of global economy. Some industries are booming in the event of crisis such as Technology, Entertainment industry. Entertainment industry with strong digital presence like Netflix, Amazon prime and technology companies aiding the operations of workplace like videocalling app Zoom are growing significantly in this crisis. Sectors like Groceries, Sanitary & cleaning, Food and beverages, Wholesaling are set to increase due to the pandemic. The corona virus scare has created a huge awareness on hand washing and there is a growing consumers’ inclination towards disinfectants and sanitary products. While some industries are growing with new opportunities, some are stalled and reeling under the lockdown. Tourism and travel industry are completely out of business due to social distancing and travel restrictions. Almost 100 countries over the world have closed their borders and airports have been shut-down for passengers. The airline companies, tourism related business are losing revenue due to the COVID-19 pandemic. Manufacturing sectors are also being closed and the productions are paused due to workers being quarantined in their homes. The agriculture sector is experiencing shortage of labor and fall in agricultural commodity prices. Banking and financial institution will be having hard time in collecting their dues and will be renegotiating credit terms. Banks also won’t be able to gain new deposits during this crisis and thereby affecting its earnings.
The negative consequences of Covid-19 pandemic from lockdowns of whole countries, travel bans,
and the closure of shops and service points have disrupted the economic and social balance of the whole world.
Consequently, consumer’s buying behavior and their shopping criteria has been negatively affected. In this
research paper we try to find out the changes
Coronavirus Impact Assessment And Mitigation Strategies In Agriculture Sector...SlideTeam
This PowerPoint presentation covers the Impact Assessment and Mitigation Strategies in the Agriculture industry. This ppt presentation includes the impact of COVID 19 pandemic on the agriculture sector all over the world causing global trade disturbance. It also covers measures to control outbreaks and Impact on Food Demand and Food Security such as the demand for food has affected due to a reduction in income and purchasing capacity. This PowerPoint presentation has covered agriculture sector overview including Major Impact on Food Transport and Distribution, Impact on Food Demand and Food Security, Projected agriculture sector growth after the COVID 19 outbreak. It also includes COVID 19 Agricultures Income Impacts, how lockdown affected the farmers in INDIA, and IMPACTS OF COVID 19 ON FARMING. This presentation focuses on certain risks in the agricultural sector or industry such as Disruption Due to Social Distancing including Safety Measures in Harvesting, Post harvest Operations, Storage and Marketing of Produce, Social distancing- Worker safety and Personal Protective Equipment PPE and Workers Safety Guidelines. Another risk that we have captured is Plummeting Employee Productivity which includes the Impact Of COVID 19 On Agricultural Field Workers, Loss workers Productivity During COVID 19, and Risks on Productivity of Workers During The COVID 19 Pandemic. It also covers the risk of Stressed Supply Chains including Food Supply Chain Under Strain, Impact of Corona on Supply and demand Side, Exchange Rates- Impact on Exporters, and Urgent increases in food availability from smallholder farmer food production. Another risk that is captured in this PowerPoint presentation is Recession, Unemployment, and Investment Pull-back including Recession Economic Impact on Agriculture World, Change in Rice and Wheat Export Prices, laying off some workers, Impact on Seasonal Workers and Foreign Investors Pull Out Investment. This presentation has also covered Economic Instability and Civil Unrest including Causes on Global Economy Instability, Agriculture Industry Feeling the Economic Instability, and Civil Unrest Due To COVID 19. This PowerPoint presentation also covers the Impact on Agricultural Businesses- Ability to Repay Outstanding Loan Balance, Business Impact Analysis, including Agricultural Risk Assessment Matrix, Risk Priority Worksheet, and Implications on Business due to COVID 19. It also covers Readiness Assessments plan such as Agricultural and Allied Activities Exempted from Lockdown and Agricultural Industry Readiness Assessment checklist. This PowerPoint presentation also includes risk management plans such as Covid 19 Farm Contingency Plan and Post harvest, storage and Marketing of farm produce, policy management, Business continuity strategy, and Rural Workers Lost Jobs During Coronavirus Lockdown Survey Results. https://bit.ly/3ag30Dz
Emerging Paradigm for India's Manufacturing Sector Sudeeksha Gupta
A presentation based on our research paper " Emerging Paradigm for India's Manufacturing Sector". It assesses the general potential impact of the shock on various segments of the economy with specific details of impact on the manufacturing sector, the factors stimulating it and analyse the policies that have been announced so far by the central government to ameliorate the economic shock and put forward a set of key recommendations for businesses and Indian economy.
The COVID-19 pandemic is a global health crisis that is already having
devastating impacts on the world economy – both directly and through
necessary measures to contain the spread of the disease. These impacts
are also being felt by the food and agriculture sector. While the supply of
food has held up well to date, in many countries, the measures put in place
to contain the spread of the virus are starting to disrupt the supply of agrofood products to markets and consumers, both within and across borders.
The sector is also experiencing a substantial shift in the composition and –
for some commodities – the level of demand.
How damaging these impacts turn out to be for food security, nutrition and
the livelihoods of farmers, fishers and others working along the food supply
chain will depend in large part on policy responses over the short, medium
and long term. In the short term, governments must manage multiple
demands – responding to the health crisis, managing the consequences of
the shock to the economy, and ensuring the smooth functioning of the food
system. While the pandemic poses some serious challenges for the food
system in the short term, it is also an opportunity to accelerate
transformations in the food and agriculture sector to build its resilience in
the face of a range of challenges, including climate change
This 79-page report from Euromonitor International analyzes consumer lifestyles in Norway, covering topics such as education, work, eating, drinking, grooming, fashion, health, shopping, leisure activities, travel, and financial habits. The report uses data from 2006-2011 to understand trends and provides charts and rankings to compare Norway to other regions. It aims to help understand factors influencing Norway's consumer choices. The report can be purchased for $1900 for a single-user license from Euromonitor's website.
Seminar: Effects of the EU bilateral trade agreements on agriculture and food sectors 16 December 2016, Helsinki
The impacts of the TTIP agreement on the EU and Finnish agricultural sector
Mrs Ellen Huan-Niemi, Senior Research Scientist, Natural Resources Institute Finland
Ellen Huan-Niemi (Luke), Jyrki Niemi (Luke), Janne Niemi (VATT): The impacts of the TTIP agreement on the EU and Finnish agricultural sector. Seminar 16.12.2016: Effects of the EU bilateral trade agreements on agriculture and food sectors
CORONAVIRUS (COVID-19) IMPACT ON VARIOUS INDUSTRIES & POTENTIAL PATHS OF RECO...Mirdul Amin Sarkar
Introduction: The COVID-19 pandemic is going to be the longest health crisis ever being suffered in the modern times. The pandemic has disrupted global supply chains and international trade. More than 100 countries are closing their national borders and the movement of people has come to a screeching halt. The pause in the movement of people is greatly affecting the world economy, as people are staying indoors and major industrial productions has come to a grounding halt. According to an analysis by the UN Department of Economic and Social affairs, the global economy could shrink by upto 1% in 2020 due to the coronavirus pandemic which is lower than the previous forecast of 2.5% growth. The UN also added that the global economy could contract even further if restrictions on economic activities are extended without any adequate fiscal responses.
The coronavirus pandemic is affecting the overall growth of global economy. Some industries are booming in the event of crisis such as Technology, Entertainment industry. Entertainment industry with strong digital presence like Netflix, Amazon prime and technology companies aiding the operations of workplace like videocalling app Zoom are growing significantly in this crisis. Sectors like Groceries, Sanitary & cleaning, Food and beverages, Wholesaling are set to increase due to the pandemic. The corona virus scare has created a huge awareness on hand washing and there is a growing consumers’ inclination towards disinfectants and sanitary products. While some industries are growing with new opportunities, some are stalled and reeling under the lockdown. Tourism and travel industry are completely out of business due to social distancing and travel restrictions. Almost 100 countries over the world have closed their borders and airports have been shut-down for passengers. The airline companies, tourism related business are losing revenue due to the COVID-19 pandemic. Manufacturing sectors are also being closed and the productions are paused due to workers being quarantined in their homes. The agriculture sector is experiencing shortage of labor and fall in agricultural commodity prices. Banking and financial institution will be having hard time in collecting their dues and will be renegotiating credit terms. Banks also won’t be able to gain new deposits during this crisis and thereby affecting its earnings.
The negative consequences of Covid-19 pandemic from lockdowns of whole countries, travel bans,
and the closure of shops and service points have disrupted the economic and social balance of the whole world.
Consequently, consumer’s buying behavior and their shopping criteria has been negatively affected. In this
research paper we try to find out the changes
Coronavirus Impact Assessment And Mitigation Strategies In Agriculture Sector...SlideTeam
This PowerPoint presentation covers the Impact Assessment and Mitigation Strategies in the Agriculture industry. This ppt presentation includes the impact of COVID 19 pandemic on the agriculture sector all over the world causing global trade disturbance. It also covers measures to control outbreaks and Impact on Food Demand and Food Security such as the demand for food has affected due to a reduction in income and purchasing capacity. This PowerPoint presentation has covered agriculture sector overview including Major Impact on Food Transport and Distribution, Impact on Food Demand and Food Security, Projected agriculture sector growth after the COVID 19 outbreak. It also includes COVID 19 Agricultures Income Impacts, how lockdown affected the farmers in INDIA, and IMPACTS OF COVID 19 ON FARMING. This presentation focuses on certain risks in the agricultural sector or industry such as Disruption Due to Social Distancing including Safety Measures in Harvesting, Post harvest Operations, Storage and Marketing of Produce, Social distancing- Worker safety and Personal Protective Equipment PPE and Workers Safety Guidelines. Another risk that we have captured is Plummeting Employee Productivity which includes the Impact Of COVID 19 On Agricultural Field Workers, Loss workers Productivity During COVID 19, and Risks on Productivity of Workers During The COVID 19 Pandemic. It also covers the risk of Stressed Supply Chains including Food Supply Chain Under Strain, Impact of Corona on Supply and demand Side, Exchange Rates- Impact on Exporters, and Urgent increases in food availability from smallholder farmer food production. Another risk that is captured in this PowerPoint presentation is Recession, Unemployment, and Investment Pull-back including Recession Economic Impact on Agriculture World, Change in Rice and Wheat Export Prices, laying off some workers, Impact on Seasonal Workers and Foreign Investors Pull Out Investment. This presentation has also covered Economic Instability and Civil Unrest including Causes on Global Economy Instability, Agriculture Industry Feeling the Economic Instability, and Civil Unrest Due To COVID 19. This PowerPoint presentation also covers the Impact on Agricultural Businesses- Ability to Repay Outstanding Loan Balance, Business Impact Analysis, including Agricultural Risk Assessment Matrix, Risk Priority Worksheet, and Implications on Business due to COVID 19. It also covers Readiness Assessments plan such as Agricultural and Allied Activities Exempted from Lockdown and Agricultural Industry Readiness Assessment checklist. This PowerPoint presentation also includes risk management plans such as Covid 19 Farm Contingency Plan and Post harvest, storage and Marketing of farm produce, policy management, Business continuity strategy, and Rural Workers Lost Jobs During Coronavirus Lockdown Survey Results. https://bit.ly/3ag30Dz
Global Seasonings Spices Market - Segments, Dynamics, Size, Forecast to 2019justinbarnes12
Increasing income levels resulting in increasing expenditure on food products, changing food habits of Asian consumers and changing demographics are the major growth drivers for the global seasonings and spices market. Asian countries such as India are the major producers of seasonings and spices. Uncertain economic conditions coupled with inefficient logistics act as major growth restraints for seasoning and spice producing countries, such as India. Government policies resulting in rejection of imported spices also hampers the growth in international markets. Increasing demand from the organic segment offers great opportunity for the market.
This document provides an agenda for analyzing and commenting on the agriculture equipment sector. It covers topics like North American agriculture equipment sales, commodity and food prices, farming income, top farming states, food processors, the role of technology in farming, and the relationship between government and farming. The summary emphasizes that all levels of government need to work together to support agriculture and food processing, issues with the WTO need to be addressed, and environmental and economic policies require more balance.
This document provides a summary of the 388-page report "World Flavors & Fragrances". The report details global demand, markets, and industry structure for flavors and fragrances. It finds that worldwide demand will rise 4.4% annually through 2016 to $26.5 billion, driven by growth in packaged foods, personal care products, and health and wellness trends. Consumer preferences for natural and premium products will increase value consumption for most categories except aroma chemicals. Rapid urbanization and health concerns in developing nations will particularly boost food and beverage flavor usage.
Retailing during Covid-19: Weathering the storm - European Business ReviewAntonis Zairis
The document summarizes the impact of COVID-19 on the global retail sector. It found that the impact was heterogeneous, with essential retailers experiencing increased demand but difficulties, while non-essential retailers like apparel stores struggled due to closures. Online retail saw major growth as social distancing accelerated the shift to e-commerce. Overall, global retail sales dropped in 2020 but are forecast to increase by 2022 as economies recover. The luxury goods sector was particularly hard hit due to its reliance on international tourism but major brands were able to rebound in the second half of 2020 and 2021. The European retail sector followed similar trends as the global market.
The 140-page report analyzes the consumer appliances market in Saudi Arabia between 2007-2011 and provides forecasts to 2016. It details market sizes and growth rates for major appliances like refrigerators and washing machines, and small appliances. The report identifies leading companies and brands, and distribution trends. It also examines factors influencing the market and provides 5-year forecasts for sales and growth. Individual company profiles are given for the top six players, along with operational data and analysis of their competitive position in 2011.
Coronavirus Impact Assessment And Mitigation Strategies On Food Service Indus...SlideTeam
Foodservice industry has been hit hardest as government closes restaurants and bars in order to slow down the coronavirus spread. This presentation will help an organization in addressing a collection of COVID 19 outbreak impact assessment and mitigation strategies reported in food service industry. Following presentation compromises mainly four sections namely food service industry overview, risk assessment and its impact, how risks are mitigated and risk maturity model survey questionnaire. At first, food service industry overview section will help the organization in highlighting coronavirus pandemic impact on global food industry, average change in sales of top two hundred food chain businesses, impact on food service spending behavior and sales originated from third-party delivery partners. Risk assessment and its impact section will cover five major risk caused by coronavirus in food service industry namely disruption due to social distancing, plummeting employee productivity, stressed supply chain, recession, unemployment and investment pullout, economic instability and civic unrest. How risks are mitigated section will help the firm in addressing the measures taken by food service industry to tackle coronavirus outbreak. Sub headings covered in the section are business impact analysis, risk readiness assessment, risk management plans, business continuity plans, policy management and incident management. At last, risk maturity model survey questionnaire section will help the organisation to address survey results of questionnaires asked from customers who usually go out for dinning at restaurants. https://bit.ly/2OnYvio
International organisations highlight significant impact of covid-19 on the global economy due to supply chain disruptions and demand contraction. But the whole situation has made karnataka a preferred destination for investment. Know why! See More: https://www2.deloitte.com/in/en/pages/about-deloitte/articles/in-about-deloitte-opportunity-in-the-times-of-covid-19.html
Manuale sostitutivi del pane bakery 2021 gdo news edizione ingleseDomenico Cafarchia
The document discusses research from Istituto Piepoli on Italian consumption of industrial bakery products in 2021. Key findings include:
- 82% of Italians consume fresh bread regularly, while 10% prefer packaged bread and substitutes like crackers.
- Consumption of fresh bread declined 2% in the last year, while packaged bread and substitutes rose 4%.
- Looking ahead, 83% expect to maintain current habits, while 12% expect to reduce bakery product consumption.
- When shopping, Italians pay most attention to the type of flour (42%) and whether ingredients are 100% Italian (50%).
Animal Feed additives are products or substances that are used for improving the animal health. The feed additives are added in various forms and in varying doses depending on the animal. The global animal feed additive market, valued at $14.9 billion in 2013, is estimated to reach $20 billion by 2020. The increase in global meat consumption is the major driving factor that has augmented the demand for animal feed and feed additives market.
Coronavirus Impact Assessment And Mitigation Strategies In Transportation Ind...SlideTeam
The document discusses the impact of the COVID-19 pandemic on the global transportation industry. It outlines five main risks to the industry: disruption due to social distancing requirements, plummeting employee productivity, stressed supply chains, economic recession and unemployment, and economic instability and civil unrest. It provides data on reductions in air travel, restrictions affecting flights, the impact on truck transportation in India, and losses to public transit worldwide. Guidelines for social distancing on public transportation are also discussed.
The document provides an overview of trade between the CARICOM region and the European Union (EU27). Some key points:
- CARICOM's exports to the EU27 grew by 11.8% annually from 2002-2011, compared to 10.2% annual growth in EU imports overall. However, CARICOM only accounted for 0.1% of the EU27's total import spending.
- The top CARICOM exports to the EU27 in 2011 included liquefied natural gas, cargo vessels, light petroleum distillates, and semi-manufactured gold. However, some major exports like raw cane sugar, aluminum oxide, and rum have not been growing in the EU27 market.
The Effects of COVID-19 on Dietary Adequacy and the Role of Markets and Trade...AKADEMIYA2063
This AKADEMIYA2063-USAID learning event is the first in a series of cross-mission policy learning events. It focuses on findings from AKADEMIYA2063 workstreams related to diets, markets and trade.
In this presentation, it explores the opportunities in the cheddar cheese market in Germany and provides recommendations to Irish cheddar producers in entering the market.
For similar research service, please reach me at LinkedIn@jocelyn18 or email at jocelyncky@gmail.com
U.S. Organic Tangerine Market. Analysis and Forecast To 2025IndexBox Marketing
This report provides an in-depth analysis of the U.S. organic tangerine market. It presents the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. The forecast reveals market prospects to 2025.
This document discusses the impact of COVID-19 on the hospitality and restaurant sector. It notes that the pandemic has cost the foodservice sector 800,000 jobs since March 2020. Permanent closures in the sector could hit 30-40%, resulting in 320,000 jobs lost. It also discusses the growth of online ordering and delivery through services like Skip the Dishes. The foodservice industry is expected to undergo major changes in the post-COVID era, including a shift to more online operations and possible closure of 30-40% of restaurants.
Datamonitor's Food: Europe Industry Guide is an essential resource for top-level data and analysis covering the Europe Food industry. It includes detailed data on market size and segmentation, textual analysis of the key trends and competitive landscape, and profiles of the leading companies. This incisive report provides expert analysis with distinct chapters for Milk, Agricultural Products, Biscuits, Bread & Rolls, Breakfast Cereals, Canned Food, Chilled & Deli Food, Confectionery, Dairy, Frozen Food, Ice cream, Organic Food, Packaged Foods & Meats, Ready Meals and Savory SnacksScope of the Report * Contains an executive summary and data on value, volume and segmentation for Milk, Agricultural Products, Biscuits, Bread & Rolls, Breakfast Cereals, Canned Food, Chilled & Deli Food, Confectionery, Dairy, Frozen Food, Ice cream, Organic Food, Packaged Foods & Meats, Ready Meals and Savory Snacks * Provides textual analysis of the industry's prospects, competitive landscape and profiles of the leading companies* Incorporates in-depth five forces competitive environment analysis and scorecards* Includes five-year forecasts for Milk, Agricultural Products, Biscuits, Bread & Rolls, Breakfast Cereals, Canned Food, Chilled & Deli Food, Confectionery, Dairy, Frozen Food, Ice cream, Organic Food, Packaged Foods & Meats, Ready Meals and Savory SnacksHighlights* The European milk market generated total revenues of $34.4 billion in 2008, representing a compound annual growth rate (CAGR) of 1.4% for the period spanning 2004-2008.* The European agricultural products market generated total revenues of $337.3 billion in 2007, representing a compound annual growth rate (CAGR) of 4.2% for the period spanning 2003-2007.* The European biscuits market generated total revenues of $12.3 billion in 2008, this representing a compound annual growth rate (CAGR) of 2.5% for the period spanning 2004-2008.* The European bread and rolls market generated total revenues of $76.6 billion in 2008, representing a compound annual growth rate (CAGR) of 1.7% for the period spanning 2004-2008.* The European breakfast cereals market generated total revenues of $6.6 billion in 2008, representing a compound annual growth rate (CAGR) of 1.5% for the period spanning 2004-2008.* The European canned food market generated total revenues of $25.2 billion in 2007, representing a compound annual growth rate (CAGR) of 1.6% for the period spanning 2003-2007.The European chilled and deli food market generated total revenues of $90.6 billion in 2008, representing a compound annual growth rate (CAGR) of 3.1% for the period spanning 2004-2008.* The European confectionary market generated total revenues of $53.5 billion in 2007, representing a compound annual growth rate (CAGR) of 2.8% for the period spanning 2003-2007.* The European dairy market generated total revenues of $122 billion in 2008, representing a compound annual growth rate (CAGR) of 2.5% for the period spanning 2004-2008.* The European frozen food market generated total revenues of $37.2 billion in 2008, representing a compound annual growth rate (CAGR) of 3.7% for the period spanning 2004-2008.* The European ice cream market generated total revenues of $18.2 billion in 2008, representing a compound annual growth rate (CAGR) of 2.2% for the period spanning 2004-2008.* The European organic food market generated total revenues of $24.7 billion in 2008, representing a compound annual growth rate (CAGR) of 13.7% for the period spanning 2004-2008.* The European packaged foods and meats market generated total revenues of $550.2 billion in 2007, representing a compound annual growth rate (CAGR) of 2.6% for the period spanning 2003-2007.* The European ready meals market generated total revenues of $20.2 billion in 2007, representing a compound annual growth rate (CAGR) of 4.9% for the period spanning 2003-2007.* The European savory snacks market generated total revenues of $13.9 billion in 2008, representing a compound annual g
The kitchen appliances market is expected to reach $340.9 billion by 2026, growing at a CAGR of 5.9%. Refrigerators currently dominate the market. Changing lifestyles and busy schedules are increasing demand for easy-to-use appliances. North America generates the highest revenue due to high living standards and disposable incomes. Growing populations and incomes in Asia-Pacific are expected to drive growth in that region.
This 79-page report from Euromonitor International analyzes consumer lifestyles in Canada, including factors influencing spending habits. The report covers population trends, income levels, and consumer behavior related to areas like education, work, food, drink, personal care, fashion, health, shopping, leisure activities, travel, and financial management. It provides historic data from 2006-2011 as well as forecasts through 2011. The report is intended to help understand what drives lifestyle choices in Canada.
Use economic concepts along with management tools to effectively identify, analyse, and solve problems with an Masters in Food Business Management in UK. Call now!
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The agri-food industry in Ireland employs over 250,000 people and exports over €14.5 billion annually. In 2020, the industry was impacted by COVID-19 and Brexit uncertainty but still saw growth in key sectors such as dairy exports. The dairy sector had another strong year with exports up 3% to €5.2 billion total. Meat exports also increased 2% overall led by rises in sheep meat and pigmeat. Online shopping and technology adoption increased greatly during the pandemic as the industry adapted. Prospects for 2021 are better with COVID vaccines rolling out and a Brexit deal providing more certainty.
CO2 crisis - Impetus on retailers and manufacturers to recoup lossesPhill Hewetson
CO2 crisis hits as World Cup fever grips England.
Impacted categories lose £52m putting the impetus on Retailers and Manufacturers to strategise the remainder of the year on how to recoup the losses.
Global Seasonings Spices Market - Segments, Dynamics, Size, Forecast to 2019justinbarnes12
Increasing income levels resulting in increasing expenditure on food products, changing food habits of Asian consumers and changing demographics are the major growth drivers for the global seasonings and spices market. Asian countries such as India are the major producers of seasonings and spices. Uncertain economic conditions coupled with inefficient logistics act as major growth restraints for seasoning and spice producing countries, such as India. Government policies resulting in rejection of imported spices also hampers the growth in international markets. Increasing demand from the organic segment offers great opportunity for the market.
This document provides an agenda for analyzing and commenting on the agriculture equipment sector. It covers topics like North American agriculture equipment sales, commodity and food prices, farming income, top farming states, food processors, the role of technology in farming, and the relationship between government and farming. The summary emphasizes that all levels of government need to work together to support agriculture and food processing, issues with the WTO need to be addressed, and environmental and economic policies require more balance.
This document provides a summary of the 388-page report "World Flavors & Fragrances". The report details global demand, markets, and industry structure for flavors and fragrances. It finds that worldwide demand will rise 4.4% annually through 2016 to $26.5 billion, driven by growth in packaged foods, personal care products, and health and wellness trends. Consumer preferences for natural and premium products will increase value consumption for most categories except aroma chemicals. Rapid urbanization and health concerns in developing nations will particularly boost food and beverage flavor usage.
Retailing during Covid-19: Weathering the storm - European Business ReviewAntonis Zairis
The document summarizes the impact of COVID-19 on the global retail sector. It found that the impact was heterogeneous, with essential retailers experiencing increased demand but difficulties, while non-essential retailers like apparel stores struggled due to closures. Online retail saw major growth as social distancing accelerated the shift to e-commerce. Overall, global retail sales dropped in 2020 but are forecast to increase by 2022 as economies recover. The luxury goods sector was particularly hard hit due to its reliance on international tourism but major brands were able to rebound in the second half of 2020 and 2021. The European retail sector followed similar trends as the global market.
The 140-page report analyzes the consumer appliances market in Saudi Arabia between 2007-2011 and provides forecasts to 2016. It details market sizes and growth rates for major appliances like refrigerators and washing machines, and small appliances. The report identifies leading companies and brands, and distribution trends. It also examines factors influencing the market and provides 5-year forecasts for sales and growth. Individual company profiles are given for the top six players, along with operational data and analysis of their competitive position in 2011.
Coronavirus Impact Assessment And Mitigation Strategies On Food Service Indus...SlideTeam
Foodservice industry has been hit hardest as government closes restaurants and bars in order to slow down the coronavirus spread. This presentation will help an organization in addressing a collection of COVID 19 outbreak impact assessment and mitigation strategies reported in food service industry. Following presentation compromises mainly four sections namely food service industry overview, risk assessment and its impact, how risks are mitigated and risk maturity model survey questionnaire. At first, food service industry overview section will help the organization in highlighting coronavirus pandemic impact on global food industry, average change in sales of top two hundred food chain businesses, impact on food service spending behavior and sales originated from third-party delivery partners. Risk assessment and its impact section will cover five major risk caused by coronavirus in food service industry namely disruption due to social distancing, plummeting employee productivity, stressed supply chain, recession, unemployment and investment pullout, economic instability and civic unrest. How risks are mitigated section will help the firm in addressing the measures taken by food service industry to tackle coronavirus outbreak. Sub headings covered in the section are business impact analysis, risk readiness assessment, risk management plans, business continuity plans, policy management and incident management. At last, risk maturity model survey questionnaire section will help the organisation to address survey results of questionnaires asked from customers who usually go out for dinning at restaurants. https://bit.ly/2OnYvio
International organisations highlight significant impact of covid-19 on the global economy due to supply chain disruptions and demand contraction. But the whole situation has made karnataka a preferred destination for investment. Know why! See More: https://www2.deloitte.com/in/en/pages/about-deloitte/articles/in-about-deloitte-opportunity-in-the-times-of-covid-19.html
Manuale sostitutivi del pane bakery 2021 gdo news edizione ingleseDomenico Cafarchia
The document discusses research from Istituto Piepoli on Italian consumption of industrial bakery products in 2021. Key findings include:
- 82% of Italians consume fresh bread regularly, while 10% prefer packaged bread and substitutes like crackers.
- Consumption of fresh bread declined 2% in the last year, while packaged bread and substitutes rose 4%.
- Looking ahead, 83% expect to maintain current habits, while 12% expect to reduce bakery product consumption.
- When shopping, Italians pay most attention to the type of flour (42%) and whether ingredients are 100% Italian (50%).
Animal Feed additives are products or substances that are used for improving the animal health. The feed additives are added in various forms and in varying doses depending on the animal. The global animal feed additive market, valued at $14.9 billion in 2013, is estimated to reach $20 billion by 2020. The increase in global meat consumption is the major driving factor that has augmented the demand for animal feed and feed additives market.
Coronavirus Impact Assessment And Mitigation Strategies In Transportation Ind...SlideTeam
The document discusses the impact of the COVID-19 pandemic on the global transportation industry. It outlines five main risks to the industry: disruption due to social distancing requirements, plummeting employee productivity, stressed supply chains, economic recession and unemployment, and economic instability and civil unrest. It provides data on reductions in air travel, restrictions affecting flights, the impact on truck transportation in India, and losses to public transit worldwide. Guidelines for social distancing on public transportation are also discussed.
The document provides an overview of trade between the CARICOM region and the European Union (EU27). Some key points:
- CARICOM's exports to the EU27 grew by 11.8% annually from 2002-2011, compared to 10.2% annual growth in EU imports overall. However, CARICOM only accounted for 0.1% of the EU27's total import spending.
- The top CARICOM exports to the EU27 in 2011 included liquefied natural gas, cargo vessels, light petroleum distillates, and semi-manufactured gold. However, some major exports like raw cane sugar, aluminum oxide, and rum have not been growing in the EU27 market.
The Effects of COVID-19 on Dietary Adequacy and the Role of Markets and Trade...AKADEMIYA2063
This AKADEMIYA2063-USAID learning event is the first in a series of cross-mission policy learning events. It focuses on findings from AKADEMIYA2063 workstreams related to diets, markets and trade.
In this presentation, it explores the opportunities in the cheddar cheese market in Germany and provides recommendations to Irish cheddar producers in entering the market.
For similar research service, please reach me at LinkedIn@jocelyn18 or email at jocelyncky@gmail.com
U.S. Organic Tangerine Market. Analysis and Forecast To 2025IndexBox Marketing
This report provides an in-depth analysis of the U.S. organic tangerine market. It presents the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. The forecast reveals market prospects to 2025.
This document discusses the impact of COVID-19 on the hospitality and restaurant sector. It notes that the pandemic has cost the foodservice sector 800,000 jobs since March 2020. Permanent closures in the sector could hit 30-40%, resulting in 320,000 jobs lost. It also discusses the growth of online ordering and delivery through services like Skip the Dishes. The foodservice industry is expected to undergo major changes in the post-COVID era, including a shift to more online operations and possible closure of 30-40% of restaurants.
Datamonitor's Food: Europe Industry Guide is an essential resource for top-level data and analysis covering the Europe Food industry. It includes detailed data on market size and segmentation, textual analysis of the key trends and competitive landscape, and profiles of the leading companies. This incisive report provides expert analysis with distinct chapters for Milk, Agricultural Products, Biscuits, Bread & Rolls, Breakfast Cereals, Canned Food, Chilled & Deli Food, Confectionery, Dairy, Frozen Food, Ice cream, Organic Food, Packaged Foods & Meats, Ready Meals and Savory SnacksScope of the Report * Contains an executive summary and data on value, volume and segmentation for Milk, Agricultural Products, Biscuits, Bread & Rolls, Breakfast Cereals, Canned Food, Chilled & Deli Food, Confectionery, Dairy, Frozen Food, Ice cream, Organic Food, Packaged Foods & Meats, Ready Meals and Savory Snacks * Provides textual analysis of the industry's prospects, competitive landscape and profiles of the leading companies* Incorporates in-depth five forces competitive environment analysis and scorecards* Includes five-year forecasts for Milk, Agricultural Products, Biscuits, Bread & Rolls, Breakfast Cereals, Canned Food, Chilled & Deli Food, Confectionery, Dairy, Frozen Food, Ice cream, Organic Food, Packaged Foods & Meats, Ready Meals and Savory SnacksHighlights* The European milk market generated total revenues of $34.4 billion in 2008, representing a compound annual growth rate (CAGR) of 1.4% for the period spanning 2004-2008.* The European agricultural products market generated total revenues of $337.3 billion in 2007, representing a compound annual growth rate (CAGR) of 4.2% for the period spanning 2003-2007.* The European biscuits market generated total revenues of $12.3 billion in 2008, this representing a compound annual growth rate (CAGR) of 2.5% for the period spanning 2004-2008.* The European bread and rolls market generated total revenues of $76.6 billion in 2008, representing a compound annual growth rate (CAGR) of 1.7% for the period spanning 2004-2008.* The European breakfast cereals market generated total revenues of $6.6 billion in 2008, representing a compound annual growth rate (CAGR) of 1.5% for the period spanning 2004-2008.* The European canned food market generated total revenues of $25.2 billion in 2007, representing a compound annual growth rate (CAGR) of 1.6% for the period spanning 2003-2007.The European chilled and deli food market generated total revenues of $90.6 billion in 2008, representing a compound annual growth rate (CAGR) of 3.1% for the period spanning 2004-2008.* The European confectionary market generated total revenues of $53.5 billion in 2007, representing a compound annual growth rate (CAGR) of 2.8% for the period spanning 2003-2007.* The European dairy market generated total revenues of $122 billion in 2008, representing a compound annual growth rate (CAGR) of 2.5% for the period spanning 2004-2008.* The European frozen food market generated total revenues of $37.2 billion in 2008, representing a compound annual growth rate (CAGR) of 3.7% for the period spanning 2004-2008.* The European ice cream market generated total revenues of $18.2 billion in 2008, representing a compound annual growth rate (CAGR) of 2.2% for the period spanning 2004-2008.* The European organic food market generated total revenues of $24.7 billion in 2008, representing a compound annual growth rate (CAGR) of 13.7% for the period spanning 2004-2008.* The European packaged foods and meats market generated total revenues of $550.2 billion in 2007, representing a compound annual growth rate (CAGR) of 2.6% for the period spanning 2003-2007.* The European ready meals market generated total revenues of $20.2 billion in 2007, representing a compound annual growth rate (CAGR) of 4.9% for the period spanning 2003-2007.* The European savory snacks market generated total revenues of $13.9 billion in 2008, representing a compound annual g
The kitchen appliances market is expected to reach $340.9 billion by 2026, growing at a CAGR of 5.9%. Refrigerators currently dominate the market. Changing lifestyles and busy schedules are increasing demand for easy-to-use appliances. North America generates the highest revenue due to high living standards and disposable incomes. Growing populations and incomes in Asia-Pacific are expected to drive growth in that region.
This 79-page report from Euromonitor International analyzes consumer lifestyles in Canada, including factors influencing spending habits. The report covers population trends, income levels, and consumer behavior related to areas like education, work, food, drink, personal care, fashion, health, shopping, leisure activities, travel, and financial management. It provides historic data from 2006-2011 as well as forecasts through 2011. The report is intended to help understand what drives lifestyle choices in Canada.
Use economic concepts along with management tools to effectively identify, analyse, and solve problems with an Masters in Food Business Management in UK. Call now!
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The agri-food industry in Ireland employs over 250,000 people and exports over €14.5 billion annually. In 2020, the industry was impacted by COVID-19 and Brexit uncertainty but still saw growth in key sectors such as dairy exports. The dairy sector had another strong year with exports up 3% to €5.2 billion total. Meat exports also increased 2% overall led by rises in sheep meat and pigmeat. Online shopping and technology adoption increased greatly during the pandemic as the industry adapted. Prospects for 2021 are better with COVID vaccines rolling out and a Brexit deal providing more certainty.
CO2 crisis - Impetus on retailers and manufacturers to recoup lossesPhill Hewetson
CO2 crisis hits as World Cup fever grips England.
Impacted categories lose £52m putting the impetus on Retailers and Manufacturers to strategise the remainder of the year on how to recoup the losses.
The agri-food industry in Ireland had a very profitable year in 2021. Key points include:
- Family farm incomes reached a record high of €34,367, up 26% from 2020.
- Agri-food exports reached a record €15.4 billion, up 51% from 2012. Dairy exports exceeded €5 billion for the third year in a row.
- Increased costs of fertilizer, fuel and feed were offset by record high prices for milk, beef and cereals, giving dairy farmers a very profitable 2022.
- Food Vision 2030 aims to make Ireland a world leader in sustainable food systems over the next decade through economic, environmental and social standards.
The document discusses the food and beverages industry in India. It notes that India is one of the largest producers of milk, fruits and vegetables, livestock, and food grains in the world. It also discusses key players in the industry, trends, growth drivers and challenges. The organized food and beverage sector in India is growing at a fast pace and projected to reach $580 billion by 2013. The industry faces issues like rising food prices, climate change, and health concerns.
This document provides an overview of the impacts of COVID-19 on the global food and nutrition industry. It discusses the economic outlook including a potential deep global recession. Key impacts discussed are shifts to in-store and online retail channels as foodservice declines, supply chain disruptions, and changes in consumer behavior like stockpiling and focus on health. Long term implications may include sustained online shopping, localization trends, and interest in functional foods. The document is a presentation from market research firm Euromonitor International analyzing trends across economics, supply chains, consumer behavior and potential long term effects of the pandemic.
March 2015 Edition of BEACON, A Monthly Newsletter by SIMCON.
Inside this issue:
About Us
Our Team
INDUSTRY ANALYSIS : Food and Beverage Industry
COMPANY ANALYSIS : Britannia Industries Ltd
BRAND ANALYSIS : Fevicol
Event Report: CONFLUENCE '15
Concept of the month
This presentation was delivered at SIAL Food Show, Paris on 21st October, 2008. The presentation lets you get an insight on Indian Food Industries, key segments and entry strategy
The document summarizes information about the food and beverage industry in Canada and Ontario. It discusses family day in Ontario and its impact on small businesses. It also discusses the billion dollar food and beverage cluster in Ontario, with Toronto generating over $17 billion annually. Hamilton is described as a key player in the industry. Occupations and wages in the food service industry are also summarized.
The document summarizes information about the food and beverage industry in Canada and Ontario. It discusses family day in Ontario and its impact on small businesses. It also discusses the billion dollar food and beverage cluster in Ontario, with Toronto generating over $17 billion annually. Hamilton is described as a key player in the industry.
EC Markets report laid out 2016 Final v1 (SM, RM edits)Mackenzie Denyer
The document summarizes the Ethical Consumer Markets Report 2016. Some key findings include:
- The market for ethical purchases in the UK grew 8.5% in 2015 to £38 billion, the 13th consecutive year of growth.
- Ethical food and drink sales increased 5.3% despite a 0.9% decline in the overall UK food market. Organic food sales rose 4.5%.
- Sustainable fish and freedom food sales increased significantly. Green car sales also increased sharply.
- Local shopping for ethical reasons increased 11.7%. Spending in communities grew.
- Boycotts decreased for the third straight year possibly due to more positive ethical alternatives being available.
In some ways food is unlike other commodities, as local tastes, delivery costs and quality are
particularly significant issues for food producers. Food consumption has traditionally reflected
local conditions, particularly the raw materials available in the region. For this reason it has
been difficult to compare food industries in different countries. In recent years new farm and food
technologies and cheaper international transport have increased trade in food products and
reduced the importance of local conditions in determining consumption patterns. Large multinational food companies now trade food globally. Population growth and urbanisation have led
to the need for mass production of food and mass transportation to urban areas. Technological
progress has improved the quality of food and the speed with which it can be transported.
Transportation networks have been expanded and new methods of food processing such as
freeze-drying have been introduced. Japan’s food industry has changed dramatically as a result. Processed food now accounts for two-thirds of food consumption in Japan, and up to 90 per
cent if dining out and other food services are included. An increase in food imports has been one
of the main factors driving the rise in processed food consumption. Until the early 1990s, most
food imports were of ingredients for processing in Japan. To reduce costs, food processing firms
started to relocate abroad as they built up knowledge of how to manage the labour force and the
manufacturing process in foreign countries. Processed foods previously manufactured in Japan
were then imported directly from overseas affiliates of Japanese multinationals. In addition
barriers to trade and investment have been falling and consumer tastes have been diversifying,
with Western foods becoming more popular. These trends have put pressure on local food manufacturers who had previously been
protected from competition, forcing Japan’s food industry into a period of transition.
This paper provides an overview of Japan’s processed food industry from primary
production to retail sale. It discusses the features and the problems of the industry, and the key
issues facing government, industry, producers and consumers. The industry is currently facing
four types of change: shifts in demand, product or process innovations, changes in market
position and policy changes. These four factors are closely related: for instance, consumer demand affects product and process innovation, and the diversification of industries. What will
these changes mean for the food retailing and processing industry, and are they likely to introduce
greater competition?
The chain of processed food production
Japan’s Ministry of Agriculture classifies food industries into food manufacturing, wholesaling
and retailing industries.
1
The document summarizes The Business Research Company's report on the global organic food market in 2020. It provides an overview of the report's contents which cover segments of the organic food market like organic meat and dairy, fruits and vegetables. It also discusses the market size and growth, regional analysis of over 50 geographies, and major companies in the organic food space.
The International Grains Council’s 24th annual conference, held in London on 9 June 2015, brought together some 300 traders, policymakers and other industry professionals. Meeting under the theme “Building on success, responding to challenges,” delegates from 48 countries gathered to assess the recent shifts in market fundamentals, which has seen global grains and oilseeds inventories build to near-record levels, with prices dropping to multi-year lows. As well as being a key forum for the exchange of views, the conference provided a valuable networking opportunity, bringing together a unique mix of participants from private and public sectors.
The document provides an overview of the UK food and drink market in January 2009. It notes that while economic conditions are difficult, opportunities still exist for Swiss food producers to explore the UK market. The report summarizes that the UK market is substantial, with over £70 billion spent on food at home and £79 billion on foodservice annually. It also outlines several key issues currently affecting the UK market, such as the economic downturn, social trends like smaller household sizes, and commercial factors like the need for high food manufacturing standards.
This document summarizes trends in the fish and seafood market in Europe presented by Wiebke Schoon of Euromonitor International. It covers an overview of the market, current trends, and the future outlook. The market for fresh fish and seafood in Western Europe has declined in recent years but the rate of decline is slowing. Packaged fish is more popular in some countries like Germany. Ethical labels and sustainability are growing trends. Convenience and protein are also driving factors. The outlook is for modest growth in fresh fish as economies recover, while frozen packaged fish will drive packaged segment growth. Success will require improving availability, affordability, education on health benefits and sustainability.
This document discusses innovations in existing industry clusters in Bulgaria as a driver for economic competitiveness. It notes Bulgaria has experienced continuous trade deficits and government and private sector borrowing. To increase exports by 8 billion euros and raise standards of living, it argues Bulgaria needs to create new, innovative companies with competitive, high value-added products. One example described is a traditional Bulgarian yogurt starter culture that has been innovated into a plant-based probiotic supplement patented for use in food. The document advocates working with universities like Harvard to develop new biotech startups applying science and addressing issues like contraception, heart health and food preservation without chemicals.
This document provides information about a special edition magazine called "Tomorrow's Food, Tomorrow's Farms" produced by Green Futures magazine in association with other organizations. It lists the editor, production staff, and design details. It also provides background on the organizations Farming Futures and the Food and Drink Federation. Green Futures magazine is described as focusing on environmental solutions and sustainable futures. The document encourages subscribing to or ordering copies of the special edition magazine.
Similar to EEF - Santander Food and Drink Sector Bulletin. (20)
2. 2www.eef.org.uk
SECTOR BULLETIN: FOOD & DRINKMANUFACTURING ROUND UP
Welcome to our third Sector Bulletin report in partnership with Santander. This time we focus on the UK’s food &
drink sector, looking at its structure, trade channels, performance drivers, risks, opportunities and long-term trends.
But first we take stock of how the overall manufacturing industry has fared over the past year and the key trends
that have affected that performance.
MANUFACTURING
ROUND UP
Basicmetals
Metalproducts
Mechanical
Electronics
Electrical
Motorvehicles
Othertransport
Food&drink
Chemicals
Pharmaceuticals
Rubber&plastics
Non-metallicminerals
Paper&printing
Textiles
Manufacturing
Source: EEF & Oxford Economics (2017)
Manufacturing round up
% yearly change, GVA output
The UK manufacturing industry has returned to healthy
growth over the past year or so. Solid demand conditions
in the domestic market have been accompanied by a
significant pick up in export activity, reversing an almost
two yearlong trend of subdued global manufacturing
momentum. What’s more, the depreciation in the pound
has put some extra wind in the sails of manufacturers,
positioning UK exporters well to take advantage of
the upturn in demand from key overseas markets.
This supportive environment has led to a broad-based
improvement in growth across most manufacturing sub-
sectors.
10.0
5.0
0.0
-5.0
-10.0
-15.0
n 2016 n 2017 n 2018
However, a risk-filled horizon is putting somewhat of
a dent in this optimism. The flip side of the pound
depreciation has meant increasing input costs for
domestic producers, as well as, crucially, a deterioration
in UK consumers’ spending power via rising inflation.
The latter, already evident in 2017q1 GDP figures, is
affecting demand for manufacturers in consumer-facing
sectors. Moreover, the recent upturn for investment
goods manufacturers could be threatened by a build-up
of Brexit uncertainty as negotiations progress towards
mid-2018. Nevertheless, we see the manufacturing sector
powering through these risks to post growth both for this
year and next.
3. 3www.eef.org.uk
SECTOR BULLETIN: FOOD & DRINKUNDERSTANDING FOOD & DRINK
The food & drink sector is the largest manufacturing sector in the UK by some distance. It accounted for 16% of
total manufacturing output and generated £27 billion in Gross Value Added and £79 billion in sales in 2016. The
sector has grown its output by 21% since 1990, a growth rate surpassed only by the chemicals, pharmaceuticals,
motor vehicles and other transport sectors. The food & drink sector is also the largest manufacturing employer in the
UK, with 418,000 people working in the industry in 2015.
UNDERSTANDING
FOOD & DRINK
Source: ONS (2016)
What is food & drink
manufacturing?
Food manufacturing involves the
processing of agricultural and fishing
products into food for humans or
animals. Processing can take several
different forms depending on the
type of product being manufactured.
Examples include the slicing of
produce, the pasteurisation of milk,
the roasting of nuts, the slaughter of
animals and the curing of meats.
Manufacturing sectors by size
% of manufacturing GVA & employment (000’s)
18%
16%
14%
12%
10%
8%
6%
4%
2%
0%
Basicmetals
Electrical
Non-metallicminerals
Textiles
Electronics
Rubber&plastics
Paper&printing
Chemicals
Othertransport
Mechanical
Pharmaceuticals
Motorvehicles
Metalproducts
Food&drink67
88
81 88
113
170 171 102 139 193
102 154
334
418
n% of manufacturing GVA Employment
£79bn
sales in 2016
£27bn
GVA in 2016
Food processing also includes
adding components to food, such
as ingredients that extend shelf life
or vitamins that improve nutritional
quality.
Similarly, the manufacturing process for
beverages will differ based on the type
of drink produced. This could include
the distilling of alcoholic beverages,
the fermentation of non-distilled
alcoholic beverages, the production
of malt and brewing of beer.
Food & drink does not qualify as
manufacturing where the processing
is minimal and does not lead to a
real transformation, such as the sale
of fresh seafood by fishmongers or
raw agricultural produce by grocers.
The packaging of food and bottling
of beverages are also not considered
part of the manufacturing process in
official statistics.
4. 4www.eef.org.uk
SECTOR BULLETIN: FOOD & DRINKUNDERSTANDING FOOD & DRINK
What does the UK manufacture?
The UK food & drink sector produces
a diverse range of products; from
meat, seafood, baked goods, dairy
and ready meals, to soft drinks, malt,
beer and spirits. The manufacture of
food products dominates production,
accounting for 84% of all sales in the
food & drink industry. The processing,
preservation and production of meat
is the largest category, responsible
for £1 in every £4 of sales in the food
industry or £15.9 billion during 2015.
The manufacture of drinks accounts
for 16% of the food & drink sector
or £12.7 billion in sales in 2015. The
manufacture of soft drinks, mineral
and other bottled waters generated
the highest sales in 2015, followed
by the manufacture of beer and the
distilling, rectifying and blending
of spirits. These three product
categories together cover the lion’s
share, at 87%, of all manufactured
drink sales in the UK.
Food & drink products by sales
Sales as a % of food industry
Sales as a % of drinks industry
n Vegetable and animal oils and fats
n Processing of tea & coffee
n Condiments and seasonings
n Processing and preservation of seafood
n Cocoa, chocolate & sugar confectionery
n Prepared meals and dishes
n Grain mill & starch products
n Processing and preservation of fruit & vegetables
n Prepared animal feeds
n Dairy products
n Bakery and farinaceous products
n Processing, preservation and production of meat
1.1%
1.1%
2.7%
3.2%
3.8%
4.8%
5.5%
6.5%
8.3%
11.1%
15.1%
24.0%
84% of sales in food & drink industry are food products
n Manufacture of wine from grapes
n Manufacture of malt
n Manufacture of cider and other fruit wines
n Distilling, rectifying and blending of spirits
n Manufacture of beer
n Manufacture of soft drinks, mineral and
other bottled waters
0.4%
3.7%
6.5%
25.5%
27.2%
34.2%
16% of sales in food & drink industry are beverage products
Source: ONS (2015)
5. 5www.eef.org.uk
SECTOR BULLETIN: FOOD & DRINKUNDERSTANDING FOOD & DRINK
What’s the structure of the sector?
The food & drink industry is
characterised by a complex value
chain with manufacturing at its core.
Over the past few years, the line
between agriculture, manufacturing
and retail has become increasingly
blurred. The emergence of large
retailers, such as supermarkets,
with manufacturing operations, as
well as small-scale farmers, micro-
breweries etc. with retail arms, has
diversified the food & drink value
chain into several overlapping layers
of economic activity.
Broadly, food & drink manufacturers
source their raw materials from the
agricultural sector, the vast majority of
which is domestic, with only 21% of
agricultural products imported. Once the
agricultural products are manufactured
(e.g. processed or preserved) they are
either exported to overseas markets
(9% of all food & drink manufactured
products) or sold to consumers via
retailers, wholesalers or caterers.
Around 60% of manufactured products
reach consumers via these channels
without further value being added.
A further 17% of manufactured food
& drink products are sold to the retail,
wholesale and food service sectors,
where some value is added to the
products before reaching consumers
(e.g. supermarkets using processed
vegetables to produce ready-made
salads or restaurants using processed
meat to prepare meals for immediate
consumption). Another 10% of food
& drink products are recycled back
into the manufacturing sector as part
of the value-adding process, while the
remaining 4% is consumed by other
intermediate industries.
Food & drink sector structure
Exports
9%
16%
Manufacturing
1. Manufacturer of grain
mill and bakery products,
processing of fruit,
vegetables, tea & coffee
and beverages
2. Processing and preserving of
meat & manufacture of dairy
3. Processing and preserving
of seafood
Imports
% of food
& drink
manufactured
products final
demand
% of inputs
into the
manufacture of
food & drink
products
Farming
1. Growing of vegetable,
fruit & beverage crops
Food
service
• Restaurants, pubs, cafes,
clubs, take-aways
• Accomodation, education,
health, residential & social
care
13%
Retail & wholesale
4%
• Supermarkets
• Department stores
• Specialised stores
• Agents involved in the sale
of food & drink
60%
Household
consumption
3. Fishing
2. Hunting, raising &
breeding animals
6. 6www.eef.org.uk
SECTOR BULLETIN: FOOD & DRINKIMPORT DEPENDENCE
The UK food & drink sector is a highly competitive industry, manufacturing a host of products from mass produced
low-cost products to luxury items. However, despite generating more value than the automotive and aerospace sectors
combined, the sector’s output is insufficient to satisfy domestic consumer demand. Simply put, the UK does not
produce enough food & drink to cover the needs of its population. As a result, the UK has been historically importing
large quantities of food & drink to plug the gap, with 48% of food consumed in the UK in 2015 sourced from overseas1
.
IMPORT DEPENDENCE
Trade balance, $ billions
The UK has the 2nd largest food & drink trade deficit in the G7
Source: UNCTAD (2015) & Uktradeinfo (2016)
1
Department for Environment, Food & Rural Affairs, Food Statistics Pocket Book 2016
20
10
0
-10
-20
-30
-40
-50
-60 Japan UK US Germany Italy France Canada
UK imports 48% of total food consumed
UK trade deficit 1996
-£6.9bn
UK trade deficit 2016
-£22.1bn
The UK has been running a trade
deficit in food & drink products for
every year since records began in
1996. The deficit has ballooned over
the past two decades, more than
tripling since 1996 to -£22.1 billion in
2016. The UK imported £42.1 billion
worth of food & drink products in
2016 alone and was the 4th largest
importer in the world in 2015, only
behind the US, Germany and China.
The UK also runs trade deficits in
every food category. The largest
deficit is found in processed and
preserved fruit and vegetables at
-£9.2 billion in 2016, while the
smallest is in sugar products at
-£775 million. Conversely, the UK
ran a modest trade surplus in drink
products of £1.3 billion in 2016 and
it has consistently done so over the
past two decades, with the only
exception the period 2004-2006.
Overall, the UK’s trade deficit in food
& drink implies that the domestic
manufacturing sector would need to
grow sales by about 50% to cover
domestic demand without the need
for imports.
Trade balance, £ billions
The UK runs a trade deficit in every category of food but a surplus in drink products
Beverages
£1.3bn
Sugar
-£0.8bn
Cereals
-£1.1bn
Dairy
-£1.4bn
Seafood
-£1.4bn
Meat
-£4.6bn
Coffee, tea
& cocoa
-£2.1bn
Vegetables
& fruit
-£9.2bn
Source: Uktradeinfo (2016)
7. 7www.eef.org.uk
SECTOR BULLETIN: FOOD & DRINKFOOD & DRINK AROUND THE COUNTRY
Given its size and importance to UK manufacturing, it is no surprise that the food & drink sector has a presence
across the whole of the UK, with no one region dominating. Scotland demands the largest share of both
production and turnover – 16% and 12% respectively. This is a consequence of its innovative and vibrant drink
sector, and in particular the global demand for its renowned scotch whisky. Elsewhere the North West, Yorkshire
and Humber, and East Midlands all boast sizeable production and turnover figures.
FOOD & DRINK
AROUND THE COUNTRY
These regions are home to some of the industry’s
biggest names and brands including Nestle, Arla Foods
and Kellogg’s, with a host of other smaller manufacturers
supplying them. Another important area is the East of
England, with 11% of total food & drink turnover, again
boosted by major manufacturers such as British Sugar –
a subsidiary of the Associated British Foods.
Source: ONS (2015)
Output and turnover in food & drink across UK regions
GVA and turnover per region as a % of UK
GVA:
2.1%
Turnover:
1.6%
& GVA:
11.2%
Turnover:
9.1%
GVA:
11.2%
Turnover:
11.2%
GVA:
10.5%
Turnover:
11.0%GVA:
8.5%
Turnover:
7.0%GVA:
6.1%
Turnover:
6.2%
GVA:
5.3%
Turnover:
4.6%
GVA:
5.4%
Turnover:
6.6%
GVA:
5.0%
Turnover:
7.8%
GVA:
10.7%
Turnover:
12.0%
GVA:
3.4%
Turnover:
4.7%
GVA:
15.9%
Turnover:
11.5%
*Data does not add up to 100% due to lack of available data in some regions
8. 8www.eef.org.uk
SECTOR BULLETIN: FOOD & DRINKWORLDWIDE DELIVERY
The UK food & drink manufacturing sector predominantly serves the domestic market. Only 9% of food & drink
products are exported, making it one of the least export-intensive manufacturing sectors. Nevertheless, the
industry yields significant value from exports on an annual basis, with overseas sales of food & drink products
reaching £20 billion in 2016. What’s more, the sector has more than doubled its exports over the past 20 years,
indicating persistent global demand for UK manufactured food & drink products.
WORLDWIDE DELIVERY
Europe is the biggest destination for the UK food & drink
sector, with 60% of all exports travelling either across the
Channel or Irish boarder. Exports to Europe have also seen
solid growth, expanding by 85% over the past twenty
years. However, its exports to Asia & Oceania and the
Americas that have seen the fastest growth since 1996 at
155% and 154% respectively. The Middle East and Africa
is also a rapidly expanding market, with exports there
growing by 109%, although the region remains at only
8% of total UK food & drink exports.
Food & drink export growth by continent
% growth (2002-2016), £ billions value of exports (2016)
Total
Asia & Oceania
Americas
Middle East & Africa
Europe
60 80 100 120 140 160 180 %
Source: uktradeinfo (2016) & UNCTAD (2015)
The UK is the 2nd
largest exporter
of beverages in
the world
£20.0bn
£2.7bn
£3.2bn
£1.5bn
£12.6bn
In terms of products, the UK is the
2nd largest exporter of beverages in
the world, and the only food & drink
category where the UK is running
a trade surplus with the rest of the
world. This is mainly down to its
specialisation in alcoholic beverages
and particularly exports of whisky,
where the UK is the leading exporter
globally, generating over £4 billion
in overseas sales and a surplus of
£3.9 billion in 2016. The UK was also
the largest exporter of gin and fifth
largest exporter of beer in the world
in 2015.
The UK also exports a large amount
of food products, with seafood and
meat leading the pack at $1.5 billion
each in 2016. However, despite solid
growth in exports of 42% in seafood
and 144% in meat since 2010, the
UK is still running sizeable deficits in
both products, as it does for all other
food categories.
9. 9www.eef.org.uk
SECTOR BULLETIN: FOOD & DRINKWORLDWIDE DELIVERY
Top exported products by value
£ value of exports & trade balance, £ billions
Source: Uktradeinfo (2016), World’s Richest Countries, 2015
Seafood
Exports: £1.5bn
Trade Balance
-£1.4bn
Cereals
Exports: £1.5bn
Trade Balance
-£0.8bn
Whiskies
Exports: £4.1bn
Trade balance
£3.9bn
Cheese & curd
Exports: £0.5bn
Trade balance
-£0.8bn
Gin & geneva
Exports: £0.5bn
Trade balance
£0.5bn
Milk & cream products
(excl butter & cheese)
Exports: £0.6bn
Trade balance
-£0.3bn
Other spirits and distilled
alcoholic beverages
Exports: £0.6bn
Trade Balance
£0.3bn
Chocolate & other
cocoa products
Exports: £0.6bn
Trade Balance
-£0.8bn
Beer made from malt
(incl ale, stout and porter)
Exports: £0.6bn
Trade Balance
£0.1bn
Meat
Exports: £1.5bn
Trade balance
-£4.3bn
55% of world
whisky exports
71% of world
gin exportsThe UK is the No 1
whisky & gin exporter in the world
Top 10 high growth markets
Source: Uktradeinfo (2016)
China 259%
Malaysia 235%
Mexico 136%
Austria 121%
Czech Republic 103%
India 99%
Poland 94%
Australia 90%
Saudi Arabia 88%
Turkey 88%
* > 0.5% of total UK food & drink exports
10. 10www.eef.org.uk
SECTOR BULLETIN: FOOD & DRINKWORLDWIDE DELIVERY
Top export markets
Source: Uktradeinfo (2016)
Irish Republic: 16.6%
£3.3bn
United States: 10.7%
£2.1bn
France: 10.5%
£2.1bn
Netherlands: 6.4%
£1.3bn
Germany: 6.1%
£1.2bn
£ billions, value of food & drink exports and % total
Spain: 4.9%
£1.0bn
Italy: 2.6%
£0.5bn
Belgium: 2.5%
£0.5bn
China: 2.2%
£0.4bn
Hong Kong: 1.9%
£0.4bn
11. 11www.eef.org.uk
SECTOR BULLETIN: FOOD & DRINKPERFORMANCE DRIVERS
The food & drink sector has achieved considerable scale in the domestic UK market, as well as penetrated a range
of overseas markets to grow its sales. Its success can be illustrated through steady year on year growth rates over
the past twenty years, with food & drink only one of five manufacturing subsectors to have managed expansion
over this period.
PERFORMANCE
DRIVERS
The sector’s steady growth is underpinned by the
relatively inelastic nature of demand for food & drink
products. While in times of economic downturn
households tend to cut spending on big ticket durable
items (like cars and electronics), they maintain
expenditure on necessity goods like food & drink. Indeed,
the sector had a relatively stable performance throughout
the financial crash, with output falling by a slender 1.7%
in 2009, compared to the much larger decline of 9.4%
for manufacturing as a whole.
Food & drink sector was resilient through financial crash
% yearly change in GVA output
25
20
15
10
5
0
-5
-10
-15
-20
-25
-30
-35 2007 2008 2009 2010 2011 2012
Food & drink Total ManufacturingMetal products Machinery Motor Vehicles
ONS (2017)
12. 12www.eef.org.uk
SECTOR BULLETIN: FOOD & DRINK
Proportion of income spent on
food & drink 100 years ago:
50%
Proportion of income spent on
food & drink now:
8%
PERFORMANCE DRIVERS
2
Value of food and drink manufacturing to the UK – IFM, University of Cambridge (2010)
What drives demand in the sector?
The food & drink sector is the most
directly exposed manufacturing
sector to household consumption.
While overall demand in the sector
fluctuates very little, preferences do
change, both in times of economic
downturn and not. It’s these
changing spending patterns that
determine the type of products that
roll out of manufacturers’ production
lines.
In times of recession for instance,
higher income households will often
substitute eating out in favour of
purchasing more luxurious, premium
supermarket lines. Conversely, lower
income households who are more
vulnerable to rising food prices
and soft wages may change their
behaviour in such a way as to reduce
the average price paid per calorie –
substituting between branded and
generic products and increasing their
shopping effort to search out better
deals.
But it is not all about economic
conditions, more recently we have
seen the emergence of the healthy
eating agenda and the rise in
demand for cleaner, nutritious
products.
Routes to market
While consumers are the final
destination for food & drink
manufactured products, they rarely, if
ever, reach them directly. Rather, its
retailers and the food service industry
that are responsible for getting those
products to market.
The retail route
The key route for food & drink
manufacturers to consumer markets is
through the retail sector – namely the
big 4 supermarkets of Tesco, ASDA,
Sainsbury’s and Morrison’s. Changing
consumer preferences however,
notably the demand for cheaper
products, has seen the emergence of
discount and own label retailers such
as Aldi and Lidl, who have persistently
increased their market share at the
expense of the Big 4 in recent years.
As the Big 4 increasingly look to
lower their own prices in response,
manufacturers’ margins are coming
under pressure (the Lidl and Aldi
effect). There are also concerns
for branded manufacturers, who
could see a fall in demand for their
products, as supermarkets develop
their own label lines to take on the
discount retailers and win back
customers.
The sector has also maintained its
market share though continuous
productivity improvements geared
at maintaining competitiveness.
While production is not as R&D
intensive compared to other
manufacturing sectors, its
productivity growth in recent years
has been impressive. Over the last 10
years its output per hour has grown
by 8.7%, well above the economy as
a whole at 2%.
As a broadly labour intensive sector,
investment in new working practices
and continuous skills development
has allowed its workforce to evolve.
This increase in worker productivity,
combined with improvements in
manufacturing technologies, has
resulted in falling prices for processed
food & drink. Consequently, shoppers’
proportion of income spent on food
& drink has declined massively, from
50% 100 years ago, to around 8%
now2
.
Growth in output per hour in last 10 years
Whole economy: 2.0% Food & drink: 8.7%
13. 13www.eef.org.uk
SECTOR BULLETIN: FOOD & DRINKPERFORMANCE DRIVERS
The rise of discount retailers is affecting food & drink manufacturers
Supermarket market share & % growth
SAINSBURYS
-1.0% SAINSBURYS
2014: 17.1%
2017: 16.1%
LIDL
LIDL
1.9%
MORRISONS
ALDI
2.8%
ASDA
TESCO
2014: 29.2%
2017: 27.5%
TESCO
MORRISONS
-0.9%
2014: 11.3%
2017: 10.4%
-1.7%
2014: 17.3%
2017: 15.6%
ASDA
-1.7%
MARKET SHARE
% GROWTH
ALDI
2014: 4.1%
2017: 6.9%
The food service route
Another important route to market
for food & drink manufacturers is the
food service industry. This includes
all outlets that provide food & drink
services outside households, such as
hotels, restaurants, cafes, food stands,
take-away shops, pubs, bars and
catering activities. The food service
industry is a large and expanding
market, generating £36.6 billion
in GVA in 2016, up 46% over the
past two decades. It’s also a major
employer, providing jobs to almost
1.7 million people.3
Unlike the retail industry where the
seven largest retailers account for
90% of total sales in the market, the
food service industry is considerably
more saturated, with branded chains
competing with a growing number
of independent providers. This is
partly the result of consumers seeking
greater variety and more innovative
food choices over the past few years.4
As a main supplier into the food
service sector, food & drink
manufacturers have had to maintain
agility in production, as well as,
develop new products to cope with
changing consumer preferences and
the requirements of food service
providers.
Source: Kantar Worldpanel – Grocery Market Share
2014: 3.1%
2017: 5.0%
3
GVA and employment figures exclude food service in the accommodation sector
4
Ten Live Group, 2015
14. 14www.eef.org.uk
SECTOR BULLETIN: FOOD & DRINKLOOKING AHEAD
LOOKING AHEAD
The food & drink sector has grown steadily over the past few years, demonstrating its resiliency to various demand
shocks. Nevertheless, the uncertain outlook is likely to bring a number of supply-side issues facing the sector to the
fore, which could impact export demand too.
The food & drink industry is
more reliant on EU workers
than any other sector of the
UK economy.
1/3 OF THE SECTOR
WORKFORCE ARE
NON-UK EU NATIONALS
According to FDF, around a third of the
sector’s manufacturing workforce are
non-UK EU nationals - representing almost
120,000 workers5
. These workers range from
seasonal labourers in processing facilities to
highly skilled researchers and food scientists.
Retaining access to this pool of workers,
who play a vital role at all skill levels in the
industry, is a key priority, especially given
the looming demographic and skills gap the
industry is facing.
CHANGING
REGULATIONS
The sector prides itself on the
safeguarding of public health and
consumer confidence through detailed
food & drink legislation across every aspect
of the food supply chain - production,
distribution, packaging, labelling and retail.
Around 95% of this legislation is currently
in the form of EU regulations. While
leaving the EU represents an opportunity
to leave behind some of the more onerous
parts of legislation, failing to negotiate
mutual recognition of different regulatory
systems, without the need for Export Health
Certificates or other burdensome and costly
regulatory barriers is a risk to the cost
competitiveness of UK manufacturers.
TARIFFS AND NON-TARIFF
BARRIERS
On both the export and import side, the vast
majority of UK trade in food and non-alco-
holic drinks is with the EU (over 60% in both
cases.) In fact, if we take into account the
free trade agreements the EU has with other
countries, an overwhelming 94% of exports
and 97% of imports are with the EU or with
the countries with which the EU has signed
or is negotiating a trade agreement with.6
Leaving the Customs Union and the possible
imposition of tariffs and other non-tariff
barriers, would therefore significantly im-
pede the UK’s competitiveness with regards
to exports, as well as significantly raise input
costs, given the sectors high import intensity
and lack of alternative, domestic sources.
BREXIT
Brexit will bring challenges and opportunities
to the UK, including the food & drink sector.
Broadly speaking we can split the challenges
into three categories:
ACCESS TO WORKERS
60% OF
TRADE IS WITH
THE EU
5
FDF statistics at a glance
6
FDF - a new UK-EU Relationship
15. 15www.eef.org.uk
SECTOR BULLETIN: FOOD & DRINKLOOKING AHEAD
However, there are also other,
non-Brexit related issues at play,
specifically with regards to growing
pressures on manufacturers’ margins,
as well as the new healthy eating
agenda being implemented by
government.
CURRENCY FLUCTUATIONS
As a relatively import intensive sector,
food & drink manufacturers are facing
rising input costs from the recent Sterling
depreciation. In the year to April, input
costs were up 10.1%, while output costs
were up 2.6%. This illustrates the growing
pressures being put on manufacturers’
margins, which manifested itself late
last year when Tesco removed Marmite
and other Unilever products from its
shelves, after refusing to raise prices. The
power of supermarkets, combined with
the competitive market place means
manufacturers are having to work hard
to raise prices, and hence are forced to
take part of the hit of rising costs on their
margins.
THE LIDL AND ALDI EFFECT
In response to the growing market share
that discount retailers such as Aldi and
Lidl are capturing, the likes of Tesco
and ASDA are lowering their prices in
order to retain or at least stem the flow
of customer substitution. While this is
good for the consumer, manufacturers
are struggling to maintain profit
margins. They are stuck in between
rising production costs, especially in
light of the recent Sterling depreciation,
and fixed lower shelf prices. As a result,
manufacturers are having to find other
ways to keep costs down.
MANUFACTURERS’ MARGINS ARE
COMING UNDER PRESSURE
SUGAR TAX LOOKS TO
TACKLE CHILDHOOD
OBESITY
The recently announced sugar
tax, which will come into effect
in April 2018, will have significant
effects on the soft drinks industry.
Drink manufacturers, particularly
those of fizzy drinks, will need
to cut sugar content or face
estimated charges of 18p or 24p
per litre depending on which band
their drinks fall in. Striking the right
balance between cutting sugar
content to keep costs down, and
retaining the characteristics which
make their products so popular
will be at the forefront of these
manufacturers’ minds.
BOWMAN INGREDIENTS’ RECIPE TO DEAL WITH BREXIT UNCERTAINTY
Established in the UK in 1992, Bowman Ingredients
specialise in the production of food coatings for the global
food processing industry. They produce a range of dry
cereal-based coating systems for frozen and chilled food
applications, including breadcrumbs, batter mixes, dry mix
marinades and breaders for meat, poultry, fish, seafood,
potato and vegetable products. The coatings are used
to produce value-added food products for leading food
brands, major retailers, restaurant chains and quick service
restaurants.
Although the UK is a big market for Bowman Ingredients,
exporting is a key part of their business model. Through their
international network of manufacturing sites, including in
Hitchin, Hertfordshire, they supply to many of the world’s
leading retail and food service brands. In fact 50% of their
turnover is accounted for by exports to the EU with another
10% going to the rest of the world.
The outcome of the Brexit negotiations and the UK’s
future relationship with the EU is important to Bowmans,
and not just in relation to their exports; they import over a
third of their raw materials from the EU and 17% of their
UK workforce are non-UK EU nationals. The company is
concerned whether their current EU employees will still see
the UK as an attractive option after Brexit and are also
unsure as to what this might mean for the longer term
recruitment of employees. The potential for tariffs on exports
and the uncertainty around currency fluctuations in the
longer term are other big concerns for Bowmans.
Whilst Bowmans - like many other manufacturers - hope
that the UK government secures good trade deals with the
EU, they are not relying on this. They are continuing their
strategy to grow UK and non-EU trade and are actively
pursuing further manufacturing in other continents to create
a strong presence outside the EU as a hedge to Brexit. They
are also investing in time and resources to understand the
export requirements and documentation needed to trade
with countries outside of the EU.
16. 16www.eef.org.uk
SECTOR BULLETIN: FOOD & DRINKOPPORTUNITIES
OPPORTUNITIES
Despite the risks outlined, the large size of the UK’s domestic market and the relative resilience of food & drink
products to demand fluctuations mean that the sector is well positioned to maintain solid growth. There are also a
number of opportunities on offer, notably growing demand from emerging regions, as well as the productivity gains
that improved innovation can bring, which if harnessed, will provide the sector with further growth in the medium
and long term.
The food & drink sector, given its size, invests a low amount
in R&D compared to other sectors – making up 2.9%
of total manufacturing R&D in 2015. However, despite
this being viewed as a weakness in the sector, it can also
represent a great opportunity. There is significant scope to
improve not only the production process through increased
automation, but also the development and introduction of
new products to market. Government initiatives like the
Agri-tech strategy are a good starting point in helping the
sector fulfil its potential in R&D and innovation.
PHARMACEUTICAL
i) AUTOMATION
The sector is looking to evolve and
move towards a system of batch
production and fully automated
production lines, allowing food to be
produced quicker, with less waste and
greater precision. A good example
was seen last year when The National
Centre for Food Manufacturing,
in partnership with Olympus
Automation (OAL), launched APRIL
– the Automated Processing Robotic
Ingredient Loading system. APRIL
is a fully automated robotic system
that can mix, load and manufacture
ingredients on an industrial scale,
with the capability to lower costs and
reduce food wastage.
Food & drink sector’s low R&D intensity represents an opportunity for manufacturers
Sectors % of total R&D expenditure
AUTOMOTIVE FOOD & DRINK
28.7%
18.6%
2.9%
Source: ONS (2015)
1) R&D AND INNOVATION
17. 17www.eef.org.uk
SECTOR BULLETIN: FOOD & DRINKOPPORTUNITIES
ii) PRODUCT DEVELOPMENT
New product development continues
to represent one of the greatest
growth opportunities for food & drink
manufacturers. In what is becoming
an increasingly competitive sector,
introducing new products to meet
changing customers demand, has
become a priority for manufacturers.
The growing appetite for “free-from”
foods, and in particular gluten free
products, is a good example of how
consumer tastes and demands are
evolving. Gluten free foods have
traditionally been consumed by those
who suffer from coeliac disease.
However, innovation in the food
& drink industry has made gluten
free products more palatable and
convenient, and as a result demand
has widened beyond medical needs.
This is illustrated by global sales of
gluten-free foods rising 12.6% in
2016 to $3.5 billion, compared to
4% for overall packaged foods7
.
Niche products like “free-from”
foods represent an opportunity for
manufacturers who are likely to see
growing demand for these products.
Food & drink exports have gone
from strength to strength in recent
years with 2016 marking the first
year that the value of exports of the
food & drink sector exceeded £20
billion. Furthermore UK products were
exported to a record 217 international
markets in 2016, five more than
in 2015. Despite this, only one in
five UK food & drink manufacturers
currently export8
. There is therefore
a clear opportunity for UK food &
drink manufacturers to “grow through
exports”.
The majority of these opportunities,
despite the uncertain trade outlook,
remain in Europe, with the UK’s
close proximity to the European
market a key influencing factor.
Food & drink products, unlike most
other manufacturing products, are
restricted by how far they can travel
due to their perishable nature and
thus the short selling period once
2) EXPORT OPPORTUNITIES
they arrive in another country. There
are also significant regulatory and
cultural differences to overcome, as
well as infrastructure limitations,
particularly in emerging markets.
Overcoming these hurdles could prove
both costly and time consuming.
Looking therefore to consolidate and
grow relationships in Europe, where
demand is growing, and entry is
comparatively easier, should be a top
priority for UK manufacturers. This is
illustrated by the strong growth seen
in 2016, where exports of food and
non-alcoholic drinks to the EU grew by
10.4%.9
Despite the challenges, if the
difficulties of exporting to markets
further afield can be overcome, there
are significant opportunities, notably
from emerging markets such as
China and India. The UK’s strong
reputation for the high standards
of its food, safety, animal welfare
Only 1 in 5 Food &
Drink manufacturers
currently export
and sustainability in these countries,
as well as a growing middle class,
has resulted in demand for British
products surging, with exports to
China in 2016 up 259% from their
level in 2010.
7
Euromonitor - Free From in the United Kingdom, 2017
8
ONS (2017)
9
FDF - Exports snapshot 2016
EXPORTS OF FOOD AND NON-ALCOHOLIC DRINKS TO EU GREW BY 10.4% IN 2016
18. 18www.eef.org.uk
SECTOR BULLETIN: FOOD & DRINKLONG TERM TRENDS
LONG TERM TRENDS
1) CONSUMERS WANT TO LEAD HEALTHIER LIVES
The rise of the healthy eating and
“natural foods” agenda shows no
signs of abating in the coming years.
The growing popularity and the
consumer desire to lead healthier
and cleaner lives has resulted in
manufacturers looking to reduce
sugar, salt and artificial trans fats
content in their products, as well as
launching designated healthy food
lines. The industry has also seen a
significant move towards plant based
diets, with vegetarian and vegan
products growing in importance.
Data from Mintel Global New
Products Database shows a 25%
increase in vegetarian claims and a
257% rise in vegan claims between
2010 and 201610
, indicating the
growing prioritisation that consumers
are putting on vegetables, fruits, and
other plant based foods.
However it is not just consumers that
are driving this change. The food &
drink industry, working closely with
government, has recognised its role
in helping to create a healthy and
prosperous nation. Initiatives to
tackle childhood obesity, such as the
sugar tax, improved food labelling
and restrictions on what can be
advertised during children prime
television hours will all affect food
& drink manufacturers.
While the sector is synonymous with rapidly changing consumer tastes and preferences, there are a number of
trends and developments which have taken hold in recent years which are set to continue for the foreseeable future.
Whether it is further embracing the new healthy eating culture, or looking to implement new online platforms to
sell products straight to the consumer, staying on top of these trends will be critical to the future performance of
the industry.
257% rise
in vegan claims
25% rise
in vegetarian claims
10
Mintel - Food and Drink Trends 2017
11
Wrap – Household food waste in the UK, 2015
2) SMART PACKAGING CAN HELP IMPROVE SUSTAINABILITY OF SECTOR
Smarter packaging has the potential
to revolutionise the food & drink
sector in areas of food quality and
safety, waste minimisation and
consumer convenience.
For instance, smart sensors
implemented into food packaging,
which measure changes in critical
indicators such as microbial activity,
temperature, pH, oxygen and CO2
levels, will help to provide a more
accurate method for detecting
food spoilage, compared to less
accurate best before dates. This,
consequentially, will help to minimise
food waste and increase the UK’s
sustainable food supply. This is of
growing importance given that the
UK threw away 4.4 million tonnes
of avoidable waste in 201511
and is
currently not self-sufficient in fulfilling
its demand for food.
The UK
threw away
4.4 million
tonnes of
avoidable waste
in 2015
19. 19www.eef.org.uk
SECTOR BULLETIN: FOOD & DRINKLONG TERM TRENDS
12
IGD - Five year forecast: the grocery market by 2021
There is also scope to develop
greener, more environmentally
sustainable food packaging, such
as bio-plastics derived from food
waste streams, and packaging of
greater durability which can be
resealed or reused. This, along with
greater emphasis on the metering,
monitoring and targeting of CO2
emissions, is helping to reduce the
sector’s carbon footprint – a priority
in delivering a sustainable and
environmentally friendly industry.
3) ONLINE SHOPPING SET TO GROW
Online grocery shopping is becoming
increasingly commonplace in the
UK, as consumers take advantage
of the greater convenience
supermarket deliveries offer them.
Currently only 1 in 10 consumers
do all their shopping online, but the
Institution of Grocery Distribution
(IGD) forecasts online shopping
growth of 68% between 2016-
202112
, making it the foremost
growing channel in food & drink retail.
Manufacturers therefore need to
prepare themselves for the changing
demands and opportunities this
represents.
In an online environment for example,
there is greater scope to tailor pack
and portion sizes to suit different
demographics – e.g. single person
households, the elderly or large families.
There is also the opportunity, given
the rapid growth that is forecasted,
for food & drink manufacturers to go
it alone and set up online direct-to-
consumer sales platforms, thereby
circumventing the supermarkets.
1 in 10
shop online
VANDEMOORTELE ON A ROLL WITH THEIR FOCUS ON HEALTHIER PRODUCTS
Vandemoortele is a Belgian owned, family business, with
manufacturing sites that extend right across Europe,
including the UK. At their production facility in Worcester
the company make a variety of frozen, ready to bake puff,
Danish and shortcrust pastry products, which they supply into
the retail and food service sectors for supermarket in-store
bakeries and restaurants.
As part of the international group’s vision and values,
Vandemoortele have a strong focus on health and well-being
in their food manufacture. This focus combined with a close
relationship with customers – both in understanding the
trends that shape the marketplace and their individual needs
– informs the continuous improvement of their products.
Examples of this can be found in their ongoing work to
reduce the sugar content of their products, the avoidance
of ‘E number’ food additives and the preference, where
possible, for natural ingredients such as butter.
They are also currently focusing on salt level reduction in
some of their products. This has been driven by requests
from their UK customers, following the outcome of the review
of The Food Standards Agency 2017 Salt guidelines, which
asked all UK manufacturers to reduce salt levels in food
products by 2017.
One of the challenges Vandemoortele face in their drive to
make healthier products, by reducing ingredients such as salt,
is ensuring they maintain a premium product that delivers on
taste, but also maintains a good shelf life and a high level of
food safety. This can mean costly research and development.
Nevertheless, as a socially responsible company, they see
the changes in consumer behaviour towards healthier
food and the knock-on changes this brings to them as
food manufacturers, as beneficial to their customers, as
well as their own business. The additional gains they have
experienced in terms of corporate reputation, cost reduction
and competitive advantage within the food industry, have
been the ‘icing on the cake’.
20. 20www.eef.org.uk
SECTOR BULLETIN: FOOD & DRINK
EEF is dedicated to the future of manufacturing. Everything we do, from
business support to championing manufacturing and engineering, is designed
to help our industry thrive, innovate and compete locally and globally.
In an increasingly uncertain business environment, where the UK is now on
a path to leave the European Union, we recognise that manufacturers face
significant challenges and opportunities. We will work with you throughout this
period of uncertainty to ensure that you are on top of any legislative changes
and their implications for your business.
Furthermore, as the collective voice of UK manufacturing, we will work
tirelessly to ensure that our members’ voices are heard during the forthcoming
negotiations and will give unique insight into the way changing legislation will
affect their business.
Our policy, employment law, health, safety and sustainability and productivity
experts are on-hand to steer you through Brexit with rational, practical advice
for your business.
To find out more about this report,
contact:
George Nikolaidis
Senior Economist
gnikolaidis@eef.org.uk
Amanda Norris
Survey Manager
anorris@eef.org.uk
Martyn Jenkins
Economist
mjenkins@eef.org.uk
For more information on how EEF can
support your business contact:
0808 168 5874
www.eef.org.uk
ABOUT US
We’re fully committed to supporting manufacturers. The complex nature of
your business requires support from a bank that understands your industry, will
deliver on its promises and believes in building long-term relationships.
We’ll work with you to find a finance package that meets your needs. We have
a range of products available to help you manage your day-to-day cash flow,
purchase essential equipment, invest for growth and mitigate financial risks
when trading in both domestic and international markets.
Underpinning this is the global strength of the Santander Group. With 5 million
business customers worldwide, we have both the expertise and the reach to
enable manufacturing businesses to expand their business and grow their
balance sheet.
Lending is subject to status and lending policy.
For more information, please contact:
Paul Brooks
UK Business Development Director -
Manufacturing
paul.brooks@santander.co.uk
Andrew Williams
UK Business Development Director -
Food and Drink Manufacturing
andrew.williams1@santander.co.uk
www.santandercb.co.uk