Indian packaged food industry to reach $30 billion by 2015
09 May, 2012The Indian packaged food industry looks likely to reach $30 billion by 2015, according to the Associated Chambers of Commerce and Industry of India (ASSOCHAM). The current compound annual growth rate (CAGR) of 15-20% annually should see the $15 billion industry reach $30 billion in the next three years.
Australian tree nut industry to crack $1 billion in value
11 April, 2012Australian tree nut exports are set to exceed $750 million within eight years, according to a report developed by the Australian Nut Industry Council.
Health-positioned snacks on the rise, says Innova
16 March, 2012Despite the current economic climate, the snack food industry showed continued growth in 2011, particularly in new product activity, a report from Innova Market Insights has shown.
McCormick Flavour Forecast 2012 predicts future culinary trends
08 March, 2012McCormick’s Flavour Forecast 2012 has predicted some interesting emerging culinary trends for the coming years.
Supermarket price wars don’t extend to snack foods: survey
08 March, 2012A recent survey conducted by Canstar Blue and Colmar Brunton has shown that despite the supermarket price wars, consumers generally prefer premium brands to generic alternatives when it comes to snack foods, regardless of the price.
Yoghurt is not a plant and cotton socks do not come from animals
07 March, 2012A Primary Industries Education Foundation (PIEF) survey has revealed an alarming decline in students’ and teachers’ knowledge of food and fibre production. 75% of year 6 students surveyed thought of cotton socks as an animal product, while 27% of year 6 students thought of yoghurt as a plant product.
UK: cider rivals beer in popularity
05 March, 2012New research from Mintel has revealed that cider popularity is rivalling that of lager, with 47% of British drinkers calling themselves cider drinkers, compared with 46% who are lager drinkers.
Goodman Fielder suffers 77% profit drop
22 February, 2012Goodman Fielder has revealed it suffered a 76.9% drop in profits over the last 12 months. The company cited increased costs, reduced selling prices due to competition and natural disasters as factors contributing to its declining profits.
Consumers dissatisfied with food manufacturers: UL study
15 February, 2012Food manufacturers are preoccupied with food safety, while consumers think that food manufacturers are not making better products today than five years ago, according to a global study from Underwriters Laboratories (UL).
Next casualty of supermarket price wars could be butchers
12 February, 2012Woolworths has overtaken fruit and vegetable shops in terms of percentage of market share, with Coles close behind, the latest Roy Morgan Supermarket Currency Report shows.
Chilled food market hots up
03 November, 2011The freshness and convenience of chilled food is appreciated by consumers who are increasing their purchases of complete ready meals, fresh pizza and pasta that only need to be baked or cooked, packaged sandwiches, kitchen-ready cleaned vegetables and salad preparations, smoothies, cut and portioned fruit, freshly pressed juices and ready-to-eat salads.
Space in the functional foods market for joint health products
03 November, 2011Joint health products are still concentrated in the dietary supplement market. Joint health is underdeveloped in the functional foods arena, where most of the product launches are for pets.
Food and grocery reforms vital for future of industry
02 November, 2011No policy reforms in Australia’s food and grocery sector will see the industry become less competitive by 2020.
Woolworths to increase its private label offerings
02 November, 2011Woolworths Supermarkets has outlined a five-year plan to double its customer take‐up of own brand products.
Market predictions for the Australian beef industry
28 October, 2011The longer-term outlook for the Australian beef market looks promising as drought continues to affect our major competitor, according to Rabobank’s latest report.
