INDUSTRY oVERVIEW
The food and beverage industry encompasses the harvesting, processing, milling, packaging, transport and distribution of products to consumers. The food and beverage market has a moderate growth. Because of this moderate growth, food companies are restructuring and realigning activities to improve volume, lower costs and enhance profits. Many global food producers and multinational companies are merging or acquiring smaller companies to gain market share, add product lines and strengthen their current lines. The beverage industry is finding increased growth in non-soft drink beverages. Additional industry growth will likely come from overseas markets, as companies look to enhance sales and profits through exports.
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