Global Food Manufacturing Industry Analysis
The food manufacturing industry covers the production and sale of food,and includes a spectrum of activities like farming,packaging,distribution,marketing and retail.
The US food industry represents around 16.5 million jobs,and the population spends around $1 trillion per year on food products.In the UK,the food industry employs more than 500,000 people,which represents around 15% of manufacturing jobs.
Key Food Manufacturing Market Segments
Food Safety: As compromised food products can have adverse effects on consumer health,safety is a key factor in the manufacture of food.Demand for food safety products in the Asia-Pacific region is leading global growth in the market.The US represents almost a quarter of food safety product demand,though developing countries are showing the fastest growth.
Food Processing: The global market for machinery and equipment used in food processing is being shaped by technological innovation and regulations regarding food hygiene.Asia-Pacific is showing the strongest market growth for food processing machines and equipment.As the economic climate in developing countries in this region and Eastern Europe improve,the demand for food processing is rising in tandem with disposable income and living standards.The US,France,Germany and Switzerland are among the biggest exporters of food processing machinery while the US,the UK,France and Germany are among the heaviest importers.
Food Ingredients: Artificial sweeteners,as an alternative to sugar,are gaining ground in terms of market share partly due to medical conditions steering people away from sugar,such as diabetes,obesity and heart disease.
Food Manufacturing Industry Leaders
The world's leading food processing company by sales is Pepsico,followed by Nestle andKraft Foods.Tyson Foods is in fourth place,followed by Anheuser-Busch InBev,JBS USA and General Mills.The eighth-biggest leader is Dean Foods,with Mars and Smithfield Foods,ranking ninth and tenth respectively.
Nestle is based in Switzerland.Its main products include beverages,frozen foods,baby foods,pet foods and water.Some of its popular brands are Cheerios,After Eight,Butteringer,Häagen-Dazs and Friskies.