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latin america’s appeal for food companies
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latin america presents growing opportunities for investment for food manufacturers, even as the economic crisis takes its toll on american and european markets, according to a new market report. specialist research organization leatherhead food international released the report, entitled ‘emerging food markets in latin america’, in which it analyzes opportunities for food manufacturers on the continent. many larger food and beverage companies are already looking to expand operations in less developed countries, including latin america, it said. “this is especially significant in the present climate, since many economies in europe and north america are in recession,” leatherhead said. “faced with static or declining consumption in mature markets in these parts of the world, leading food groups have been turning to the countries in regions such as latin america in order to maintain profitability, and have appeared keen to access new customer bases whilst also taking advantage of lower labour costs.” brazil ’s expanding potential in terms of current growth, brazil is one of the most attractive markets in the world, not only for internal sales as the country’s large urban population becomes more affluent, but also for its export potential. brazil already has strong trade relations with the us, “on account of its geographical proximity”, but leatherhead predicts that markets have been opening up in other parts of the world, such as the eu and the asia-pacific region. to give a better idea of local consumers’ purchasing power, leatherhead also ranked latin american countries in terms of per capita gross national income (gni), where argentina, chile and mexico come out on top, at $13,000, $12,590 and $12,580 respectively. when ranked in this way, brazil comes much further down the list, with an average gni of $5,910. most promising sectors the report predicts that the sectors most likely to see future growth in latin america include value-added dairy products such as ice cream and yogurts, ready meals, pizza, beer and soft drinks. “this is mainly due to factors such as increasing interest in non-traditional foodstuffs, rising levels of disposable income and the emergence of a more sophisticated, predominantly younger urban consumer base, many of whom are less traditional in their tastes,” it said. bakery products are seen as a staple food item for the majority of latin american consumers, so sales in this sector are also expected to remain high. venezuelan difficulties although venezuela has a relatively high per capita gni at $11,920, leatherhead said that it is “perhaps the only unattractive market within the region” due to continuing government conflict with business, and evidence of large-scale nationalization. this was seen recently when the government seized control of food production plants, including a cargill rice processing plant, in a bid to protect venezuelans from price inflation of staple foods.
Source :Food Ingredients Food Science - Additives, Flavours, Starch
Date :
17
July
2007
Category :
Dairy Products
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the current pace of life demands speedy solutions from the food industry. the ready meals market in western europe, one of the strongest performing areas of the food sector worth €7.3 billion in 2001, is set to grow to €8.7 billion by 2006. a new consumer insight programme, the result of consumer surveys, focus groups and interviews from market analysts datamonitor, presents ten key consumer insights for ready meal, prepared pizza and meal kit players.
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the frozen foods market is showing signs of a revival in the tough economic climate, with indications that consumers are switching back from higher-priced chilled foods to frozen alternatives in order to save costs and reduce waste. data from tns worldpanel shows a steady increase in the growth rate for the uk frozen food sector over the past year, from 3.1 per cent 12 months ago, to 4.
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simplot australia has now taken over the frozen meals brands of nestlé after reaching an agreement a couple of months ago. the melbourne-based subsidiary of us firm j r simplot took control of the licence of prominent frozen meals brand lean cuisine and maggi frozen brand at the end of november. the deal also involves the acquisition of the papa giuseppi frozen pizza brand and the manufacturing facility at pakenham in victoria.
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latin america presents growing opportunities for investment for food manufacturers, even as the economic crisis takes its toll on american and european markets, according to a new market report. specialist research organization leatherhead food international released the report, entitled ‘emerging food markets in latin america’, in which it analyzes opportunities for food manufacturers on the continent.
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spanish food consumption increased by 1.9 per cent last year compared to 2001, according to the latest data from the country's ministry of agriculture (mapa) announced this week by agriculture minister, miguel arias cañete. the figures confirm the continuing increase in annual food consumption which began in 1997. the figures are based on food consumption and expenditure data from 6,000 households, 700 hotels and restaurants and 200 catering organisations.
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retail sales of prepared foods in europe showed an increase of 5.2 per cent between 1996 and 2001, according to a recent study by market analysts datamonitor. once aimed at \"singles\" food manufacturers are now turning to families and children. according to datamonitor prepared meals have become standard fare as consumers across europe look to reduce the amount of time they spend on routine tasks such as cooking.
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Coca.Cola
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PEPSI
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Mcdonald
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Nestle
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Mars
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Baskin & Robins
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Nutrika
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Mumika
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Chika
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commercial lasagne produced with 
marks & spencer's decision to 