FOOD PROCESSING BUSINESS IN THE US 470Billion!
Interesting article for newcomers to the food processing business which PDSC is associated with in terms of fighting the bacteria that comes along with the process.
If CEO Bill Kearney could land just one of these accounts you can only image what might happen:
The major players:
UNILEVER
ARCHER DANILES MIDLAND COMPANY
KRAFT FOODS
TYSON FOODS
BUNGE
If by chance you have any contacts with any of thses companies it would be well worth your investment to alert them to PDSC.
Food processing is one of the largest manufacturing sectors in the US, accounting for approximately 10% of all manufacturing shipments (by value). The processed food industry has grown by over 10% between 1998-2004, and in 2004, the value of processed food shipments was approximately $470 billion.
The Bottom Line
Key Issues
Tomato Shortage
High Demand for Soy Based Products
New FDA Labeling Regulations
Health Concerns
Significant Trends
Consolidation
Growing Market for Organic Foods
Reduction in Brand Portfolio Size
The largest sectors of the industry, in terms of value, are meat, dairy, fruit & vegetable preservation and specialty foods. Other niche sectors include bakeries and tortilla manufacturing, grain and oilseed milling, sugar and confectionary, animal food manufacturing and seafood products.Food processing is one of the largest manufacturing sectors in the US, accounting for approximately 10% of all manufacturing shipments (by value). The processed food industry has grown by over 10% between 1998-2004, and in 2004, the value of processed food shipments was approximately $470 billion.
The largest sectors of the industry, in terms of value, are meat, dairy, fruit & vegetable preservation and specialty foods. Other niche sectors include bakeries and tortilla manufacturing, grain and oilseed milling, sugar and confectionary, animal food manufacturing and seafood products.
Within the industry, the market for organic foods and beverages has grown at a tremendous pace and is expected to generate sales of about $32 billion by 2009. The organic industry has been experiencing annual growth of 17-22% over the past five years, fueled primarily by the rising consumer concern about food quality and farming standards and greater availability of organic foods through mainstream channels.
The leading players in the US market include Unilever, Archer Daniels Midland Company, Kraft Foods, Tyson Foods and Bunge. Unilever is the worlds leading supplier of food products with a portfolio of brands that includes Knorr, Blue Band and Lipton. In 2004, Unilever sold its edible oils and white fats business to a Mexican subsidiary of Associated British Foods. The sale was part of its overall strategy to focus on its core business areas.
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