Global Food Manufacturers Point to Singapore, Hong Kong and Taiwan as 2013's Largest Potential Growth Markets

Date: 30-Apr-2013
"Global Food and Beverage Survey 2013-2014 - Market Trends, Marketing Spend and Sales Strategies in the Global Food and Beverage Industry" is a new report available with RnRMarketResearch.com. Contact sales@rnrmarketresearch.com for further information.

 

Executives from the global food and beverage industry expect to see increased levels of consolidation, with 53% of respondents anticipating that there will be either a ‘significant increase’ or an ‘increase’ in merger and acquisition activities in 2013. The anticipation of M&A among global food and beverage industry respondents has increased by seven percentage points as compared to the 2012 survey and has decreased by two percentage points as compared to the 2011 survey. Respondents from food and beverage manufacturing companies expect an increase in consolidation activity due to industry specific reasons, such as the consolidation of food packaging businesses, to make up for declining volumes, increasing cost pressures, expansion in new markets, and increasing competition.

 

 

An analysis of responses by food manufacturer companies reveals that ‘new product development’, ‘machinery and equipment purchase’, and ‘IT infrastructure development’ will record significant increases in capital expenditure in 2013. In addition, global beverage manufacturer companies reveals that ‘new product development’, ‘machinery and equipment purchase’, and ‘facility expansion’ will register some increase in capital expenditure in 2013.

[caption id="attachment_92276" align="aligncenter" width="604" caption="Global Food Beverage Survey 2013-2014"]Global Food Beverage Survey 2013-2014[/caption]

 

Global food manufacturer respondents consider Singapore, Taiwan and Hong Kong, the US and Canada to offer the largest growth potential among developed markets in 2013–2014. Singapore’s economy is expected to strengthen considerably in 2013, as a result of growth in the country’s transport engineering, food and beverages and construction industries. Singapore’s Ministry of Trade and Industry forecasts that the country’s annual GDP growth is projected to increase by 1%–3% in 2013. In addition, respondents from the global beverage manufacturer industry consider Singapore, Taiwan and Hong Kong, the US, and Australia to offer the largest growth potential among developed markets in 2013–2014.

 

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