Food manufacturers need focused, attractively branded portfolios
and the ability to offset cost pressures through cost savings and
margin improvement if they are to succeed, according to a report
published last week.
Global processed food sales are today worth $3.2 trillion, but
according to a report published this month by the Economic Research
Service, this trade has been stalling since the 1990s forcing food
manufacturers to look at new ways...
Imperial Sugar yesterday (Thursday) announced a higher
first-quarter profit, but predicted that operating income would
fall significantly in 2005 as the sugar industry remains
challenging, reports Philippa Nuttall.
Europe and the US continue to dominate demand in the €4.5 billion
flavours market, but Asia Pacific region is quickly catching up
thanks to high single-digit growth, reveal figures from a new
report, writes Lindsey Partos.
Fending off price erosion, the landscape of the fermentation
industry continues to change as ingredients firms consolidate for
market strength in €10.97 billion industry, writes Lindsey
Partos.
International Flavors & Fragrances on Wednesday announced
higher profits for Q4, but sales dipped slightly as a result of a
poor performance from its European fruit preparations business.
Soy sales have slowed in the US in recent years, but the ingredient
is still leading the food ingredients' pack, according to a recent
report from Mintel, reports Philippa Nuttall.
Ingredients supplier Cargill targets the steadily growing polyol
branch of the sweeteners market, signing off over €76 ($99.16)
million in investments at plants in Europe and the US.
Convenience, that dominated growth in global product categories
form 2003 to 2004, will drive new product development in the next
12 months. Drinkable yoghurts, sugar substitutes and pre-prepared
foods all enjoyed year on year double-digit...
