 Articles tagged: food processing industry
<< previous page 1 next page>> written by James Marriot
The food processing & packaging sector in China has made remarkable strides & is narrowing the gaps on goods produced in the rest of the world. written by James Marriot
Rapid transformation in the lifestyle of Indians, particularly those living in urban India, has resulted in dramatic increase in the demand for processed food. written by James Marriot
Indian food processing sector is among the largest sectors in terms of production, consumption, export and growth prospects. written by James Marriot
Indian food is the second most popular food in UK, mainly, driven by its huge demand and enormous popularity in the region. This indicates that a large number of Indian immigrants dwell in the region. written by James Marriot
The country is witness to a double-digit growth in the catering market over the past 15 years as the sector’s retail sales volume climbed by 18 percent over 2004 at an amount of 888.6 billion Yuan (US $110 billion). Owing to rapid rise in GDP during 2005, people’s wallets fattened and their confidence boosted to continuously increase the average consumption in restaurants by 33 percent. Thus the catering sector in China began to boom. written by James Marriot
The food processing industry in South Korea, which is typically a domestic market oriented industry, accounts for a considerable share of national income. The domestic market itself consumes more than 85% of food produced every year. Moreover, almost 88% of grain used as a raw material for processed food is imported from abroad because the prices of domestic agricultural products in Korea are comparatively higher. written by James Marriot
The Korean food industry is also closely linked with the domestic business cycles. Unlike the luxurious goods whose demand fluctuates dramatically with respect to changes in income, this is not so with food items whose consumption elasticity is relatively low. In Korea the country’s business cycle affects the food sector every three to six months. << previous page 1 next page>> |
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