Australia’s organic and sugar industries can look forward with anticipation to a successful 2010, according to a leading market forecaster. A list of the top sectors for the year ahead from information analysts IBISWorld Australia also includes online shopping, as the major retailers – including supermarket chains Coles and Woolworths – begin to embrace the online channel. IBISWorld’s Ian MacGowan said rising commodity prices were the reason behind many of the industries on... ...Read more »

The possibility of conservative festive season spending will not have an impact on the food industry, according to market researchers IBISWorld, with supermarkets expected to be among the biggest winners. IBISWorld (Australia) General Manager, Robert Bryant, said his firm has forecast total retail spending during the month of December to reach $20.5 billion – softer growth of 5% when compared to Christmas sales of the past two years. “Christmas 2007 was perhaps the best performing period... ...Read more »

Swedish-founded food processing and packaging company Tetra Pak forecasts the global consumption of milk and other liquid dairy products to increase by a compound annual growth rate (CAGR) of 2.2% over the next three years. The report, released yesterday is contained in the Tetra Pak Dairy Index, a new biannual report on consumption trends in the dairy industry that is designed to help dairy producers identify opportunities for growth. According to the Tetra Pak Dairy Index, in 2008, global consumption... ...Read more »

Industry sectors set to benefit despite tough economic conditions have been revealed as Mintel announces updated UK market forecasts in light of recession. Despite tough market conditions the research reveals that over a third (37%) of over 400 sectors monitored by Mintel are re-forecast to grow this year. The findings come as part of a major re-forecasting project undertaken by their market analysts, which takes into account the dramatic change in consumers’ expectations, attitudes and beliefs... ...Read more »

The global energy drink market countered fears over the economic conditions to register an approximate 15% increase in 2008. Leading beverage agency, Canadean, reports that growth has come from across the globe and ranges from 2% in Asia to 34% in East Europe, taking the energy drink category to more than 5 billion litres. The category has enjoyed a prolonged period of spectacular growth and has trebled in size since 2001. Canadean expect that by 2011 each global consumer will drink, on average,... ...Read more »

The deterioration in economic conditions is set to lead to more cautious spending by UK consumers at Christmas but food and drink spend is unlikely to be affected, according to GfK NOP’s new Christmas Shopping survey. Helen Roberts, Retail Director at GfK NOP, believes the findings are intriguing and wonders whether the festive spirit will inevitably overwhelm fiscal conservatism. “We are seeing some interesting figures coming in on these first waves of our ongoing tracker survey,... ...Read more »