2017 was another record year for food and drink industry transactions, with 727 registered in the bevblog.net mergers and acquisitions database, an average of almost 14 each week, according to Zenth Global..
The total is 103 more than in 2016 and 40% higher than five years ago. The number has increased each year apart from a dip in 2013.
The most active sectors were dairy on 72, ingredients and soft drinks on 68, then packaging on 54. Beer on 40 was ahead of spirits on 37 and wine on 30.
A new report on Yogurt Innovation from food and drink industry consultancy Zenith International identifies 7 key themes guiding global new product development – reduced/low/no fat, reduced/low/no sugar, child-oriented, gender specific, indulgence, probiotic and protein-rich.
“These 7 are the main trends driving most product development and innovation worldwide,” commented Zenith Chairman Richard Hall.
“Yogurt has been a highly innovative category over the past decade, catering for an increasing range of consumers and consumption occasions. The market has diversified substantially, with particular growth in Greek yogurt, yogurt drinks and now savory yogurts.”
The global market for drinking milk continued to grow in 2015, rising by 2.4% to 251 billion litres, according to a new report from food and drinks industry consultancy Zenith International. White milk remains by far the most commonly consumed type, capturing 93% of total volume, with flavoured milk accounting for the remaining 7%. Both segments are forecast to strengthen in the years to 2020, with annual growth of 2% and 7% respectively.
The majority of consumption takes place in the Asia Pacific region, with volume in excess of 130 billion litres making up 52% of the global market. This is followed by West Europe, North America and Latin America, with a combined share of 35%. Sales in all regions apart from North America increased in 2015.
Innovation is widespread in the industry, with manufacturers striving to capture market share through offering consumers added value. A number of innovation trends have emerged in recent years, from vitamin-enriched milks, confectionery-inspired flavours and premium positioning to weight-loss and gender-focused products.
The Global Dairy Congress 23 – 25 June 2015, Amsterdam, now in its 9th year, is a three day event incorporating market briefings, conference sessions and a tour of FrieslandCampina’s Innovation Centre. The Congress will cover a range of key themes for the global dairy industry and provide excellent networking opportunities for industry leaders, suppliers, customers and analysts to gain strategic insight for essential business planning. Delegates will hear from top international and regional manufacturers on broader market and strategic initiatives as well from smaller industry players and entrepreneurs presenting their new products and concepts.