New Report on Packaged Food by Euromonitor International: Finding Success in a Challenging Operating Environment26 Jan 2012 • by Natalie Aster
Times are getting bad, again. Elevated prices on global commodities markets have led to renewed fears over food security. This is also making key inputs like cereals, cocoa and sugar more expensive for packaged food manufacturers. Despite higher input costs, retail food prices remain flat to declining, thanks to retailer consolidation and private label encroachment. What can packaged food companies do to protect their margins in this increasingly challenging operating environment?
Prices for many agricultural commodities widely used by the global food industry have been facing upward pressures since July 2010. Though falling since April 2011, they remain higher than prices in mid-2010.
According to the report “Packaged Food 2011 (Part 3): Finding Success in a Challenging Operating Environment” by Euromonitor International, despite generally higher food input costs, retail packaged food prices have remained fairly stable, on average, during 2010 and 2011. Since 2006, the average retail price of packaged food worldwide has fallen by 2% in real terms.
Accompanying this inexorable march of modern grocery formats is continued private label encroachment, which is pushing down retail prices even further. As such, more food companies are focusing on cost cutting and efficiency savings. Some larger companies have also turned to M&A to protect margins.
Packaged Food 2011 (Part 3): Finding Success in a Challenging Operating Environment
Published: December 2011
Price: US$ 2.000,00
Why buy this report?
- Get a detailed picture of the Packaged Food market;
- Pinpoint growth sectors and identify factors driving change;
- Understand the competitive environment, the market’s major players and leading brands;
- Use five-year forecasts to assess how the market is predicted to develop.
More information can be found in the report “Packaged Food 2011 (Part 3): Finding Success in a Challenging Operating Environment” by Euromonitor International.
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