The North America Food and Beverage Sectors : A Company and Industry Analysis (November 2003)
Mergent, November 2003, Pages: 32
Current Environment - Key Points
- Despite a slowdown in the US and Canadian economies, the food and beverage sector is still growing, and projected to grow 3.4% a year through to 2011
- Sales growth is especially strong for leading companies in the US as active merger and acquisition activities in recent years have substantially improved their competitiveness and market share
- However, merger and acquisition activity has been contracting in the US in the last few years, largely as a result of the slowdown in the global and domestic economies
- In 2002, food and beverage accounted for 12% of all manufacturing sales in Canada, a 1% increase from 2001 while total sales of overall manufacturing dipped 4.25%
- Increased globalization of the food and beverage industry has forced Canadian manufacturers to shift their focus from domestic markets and exploit export opportunities
- Merger and acquisition activities in the Canadian food and beverage industry grew at a less rapid rate, compared with the US, with major food and beverage manufacturers being the main participants in these activities
Industry Profile - Key Points
- The industry in the US and Canada is highly concentrated, with a few large food and beverage manufacturers accounting for the major portion of shipments
- The industry accounts for more than 10% of all manufacturing shipments in the US
Total expenditure on food and beverage products in the US is projected to rise 26% and boost sales of food and beverage products by $208 billion by 2020
- The meat products market segment is the largest in the food manufacturing industry, while brewery products are the largest sector in the beverage manufacturing industry in the US
- The food and beverage industry is the second largest manufacturing industry in Canada, with total shipments reaching $53.4 billion in 2002
- Capital expenditure in the Canadian food and beverage industry has declined since its peak in 1999
- The Canadian Government's dedicated approach to R&D activities has created a favorable R&D environment for food and beverage manufacturers
Market Trends and Outlook - Key Points
- The severity of the obesity problem in the US has driven the growth of -light, lean, less calorific or reduced fat- food and beverage products
- Increased popularity of convenient and portable products continues to shift product innovation focus towards the development of such products
- Major food processors have become increasingly active in the organic and functional products industry due to strong industry growth
- Food safety issues continue to challenge food and beverage manufacturers as consumers become increasingly aware of the significance of food safety
- The economic benefits offered by internet technology have increased the rate of adoption of such technology by food and beverage manufacturers
- Population growth and income growth in the US and Canada will be the major drivers for the growth of the food and beverage industry
Current Environment - US
- Sector Overview
- Sector Performance
- Leading Companies
- Mergers and Acquisitions
Current Environment - Canada
- Sector Overview
- Sector Performance
- Leading Companies
- Mergers and Acquisitions
Industry Profile - US
- Industry Size and Value
- Industry Focus
- Sector Investment
- R&D
- Policy and Regulatory
Environment
Industry Profile - Canada
- Industry Size and Value
- Industry Focus
- Sector Investment
- R&D
- Policy and Regulatory
Environment
Market Trends & Outlook
- Rising Demand for Healthier
Food and Beverage products
- Convenience and Portability Key
for Growth
- Growth of Organic Products
- The Food Safety Challenge
- Increased Popularity of
Functional Foods
- Internet Technology Gaining
Momentum
- Market Outlook
The Scope of this Report
Key References
Comparative Data
Sales Contacts
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