Posts Tagged ‘food’

It Slices, Dices, Bottles, Cans and Ices. A New Collection of Commercial Food Machinery Manufacturing Reports from IBISWorld

(PRWEB) October 11, 2011

Commercial food product machinery manufacturing generated over $ 4 billion in 2011. A number of consumer and environmental trends, as well as a pickup in consumer spending on processed food items, will lead to growing revenue for industry?s best companies. New technology and food safety concerns will continue to influence businesses investing in new machinery.

Moreover, as consumers spending begins to recover demand for food machinery from key downstream sectors will boom. According to IBISWorld revenue from the largest food manufacturing industry – meat, beef & poultry processing ? will expand by 5.5% in 2012. The entire food manufacturing sector ? 22 individual industries in all ? will grow by 3.1 in 2012 to $ 683 billion. According to Industry Analyst Josh McBee ?to meet the expected pickup in sales companies have started to invest in machinery through 2011 and will continue to do so over 2012. With food input costs rising, many food and beverage producers are seeking new machinery as a way to increase productivity and remain competitive against manufacturers in Asia and Europe. Most major food machinery companies invest heavily in R&D efforts.?

Another positive for the machinery manufacturers is that input prices are moderating. Manufacturers of commercial food machinery are highly sensitive to the price of steel, a major input in the manufacturing process. McBee adds ?that while profit margins are relatively good for industrial machinery manufacturing, margins have been hit in recent years by buoyant steel prices. After two years of rising rapidly, the price of steel is projected to trend down in 2012 due to softer demand worldwide. This reversal of recent trends is partially due to a slower than expected recovery in the US economy. Nonetheless, while steel prices may ebb in the short term, the longer term trajectory is upwards. This puts more pressure on companies to innovate or lose market share.?

IBISWorld?s new collections include in-depth studies on the following commercial food machinery industries:

Finger food utensils seem to be confused

Alright the whole purpose of finger food is to go without a utensil.  Yet one person has decided to create utensils for that dirty finger food for those that don’t really like touching their food.  Although it’s a bit silly, it does mean you could turn all foods into finger foods since the utensils just fit over the top of your fingertips.  It was designed by Kawamura Ganjavian.

Source: Bookofjoe

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