Food Industry Faces Low Profit Margins and Thrifty Consumers Says Plunkett Research

 

“Many governments are starting to appreciate the ability of GM seeds to increase yields and lower food costs.”

According to Jack W. Plunkett, CEO of Plunkett Research, Ltd., “Food processors and retailers will remain challenged in 2010 by low profit margins and frugal consumers.”

Major trends affecting the Food, Tobacco and Beverage Industry analyzed in Plunkett’s report include:

The globalization of the food industry.

RFID drives inventory management evolution.

Wal-Mart dominates as the world’s biggest retailer - and now America’s biggest grocer.

Private label brands boom.

Agricultural biotechnology scores breakthroughs but causes controversy.

Childhood obesity brings about changes in marketing. Federal program targets children.

Dietary fats are under scrutiny. Some restaurants forced to list calories.

Organic food sales post growth.

McDonald’s dominates the global fast food market.

Manhattan’s FreshDirect sets the pace in grocery sales over the Internet.

Food safety becomes a massive consumer, industry and regulatory issue.

New agriculture technologies take hold.

“GM, or genetically modified, foods are staging significant growth in 25 nations worldwide,” says Jack Plunkett. “Many governments are starting to appreciate the ability of GM seeds to increase yields and lower food costs.”

A complete report with detailed industry trends and statistics analysis is provided in Plunkett’s Food Industry Almanac, 2010 edition. With Plunkett's Food, Tobacco and Beverage Industry data, you get the competitive intelligence you need to fully understand business trends, technologies, markets, finances and the leading companies of one of the most competitive and globally linked business sectors. This carefully compiled book also includes a detailed glossary, Food, Tobacco and Beverage industry contacts and thorough indexes.

A complimentary Introduction to the Food Industry can be viewed at Plunkett’s website.

Plunkett Research is a leading provider of industry trends analysis and market research. Our reports and data services are used by the world’s top corporations, consultants, universities, libraries and government agencies. Plunkett’s products save time and effort when you need competitive intelligence, market research or marketing data. For more Plunkett Research, become a Fan on Facebook and subscribe to our YouTube channel to receive the latest industry news announcements and Plunkett videos.

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