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- (-) Processed Food Products
- (-) June 2024
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For every five people in Brazil, there are four pets. Despite challenging economic scenario, the pet food industry – which encompasses pet food, pet accessories, and pet medication – continues to expand, making Brazil the third-largest fastest growing pet industry market in the world.
Fueled by Filipinos' fondness for food indulgences, rising disposable incomes, and increasing urbanization, the $1.2 billion confectionery and ice cream market is expected to see robust growth of eight percent annually through 2028.
The dynamic Costa Rican retail sector reflects the country's growing economy and increasing demand for new products. Consumers are influenced by tourism, culinary trends, and social media, with higher-end consumers paying premiums for healthy products and environmentally sustainable packaging.
Alcoholic beverages imported into Ghana increased from $56 million in 2019 to $87 million in 2023. Similarly, imports of U.S. alcoholic beverages to Ghana are on an upward trend in the same period from $267,000 in 2019 to $1 million in 2023.
In late May 2024, the Egyptian Government announced its intention to increase the price of subsidized bread (from 5 piasters {$.001} per loaf to 20 piasters {$.004} per loaf) as of June 1, 2024 -- marking the first increase in the price of subsidized bread in Egypt in 36 years.
Cote d’Ivoire’s food processing industry is developing and remains a major importer of ingredients for food processing. These imports will continue to grow as the sector is unable to meet increased demand.
On May 24, 2024, the Ontario provincial government announced an accelerated plan to allow sales of wine, beer, cider, and ready-to-drink alcoholic beverages in grocery and convenience stores by the end of October 2024. The initial timeline provided for implementation to begin in January 2026.
India’s food processing sector continues to expand in response to changing demographics, strong local and international brands, emerging modern retail and growing consumer acceptance of processed food
Although small, traditional outlets dominate the Indian food retail sector and account for 98 percent of sales...
The Colombian retail food sector is expected to grow another four percent in 2014, after increasing four percent in 2013.
South Africa's agricultural exports reached an estimated $256 million in 2014, up from $226 million in 2010.
While Mexico’s GDP only grew by 1.3%, the processed food industry grew by 4% in 2013.