Analyst Insight by Lamine Lahouasnia - Head of Packaged Food Research
We’re pleased to announce that the new 2015 Packaged Food 2015 Edition is now live and available to access on Passport. The updated research provides the latest data and insights on the food industry and identifies the key prospects through to 2019.
We have continued to strengthen and refine coverage of all 80 country markets tracked across 19 food categories and their respective constituent sections (298 category product levels in total). This latest edition adds tremendous extra value to our already comprehensive industry coverage.
Against the backdrop of rising commodity prices and greater political instability, 2014 has been a challenging year for the food industry and yet 2013 and 2014 have delivered some of the highest growth rates in retail value terms in the last decade. This marks a departure from the historically volume-driven nature of the industry and this is perhaps the most telling story from the new data: How the food industry is seeking to increase profitability through higher prices.
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Euromonitor is organizing a series of trade events in which local US companies will have a chance to meet one-on-one with leading exporters from Brazil to explore new business opportunities. The sectors of focus include: Food & Beverage, Home Construction and Décor, Machinery and Equipment, and Health Technology. In addition to meeting new suppliers, participating US companies will learn more about doing business with Brazil and are able to network with many other stakeholders within their respective industries.
If your company would benefit from participating in one of these events, please apply for an invitation and a Euromonitor representative will contact you to discuss your company's participation in more detail.
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Analyst Insight by Diana Cowland - Senior Health and Wellness Analyst
Danone is predominantly known for its dairy products and in particular for yoghurt. It is the number one yoghurt manufacturer with a 20% share of global sales in 2014, some 12% greater than its nearest rival Yakult Honsha Co Ltd. Danone’s activities go beyond dairy to bottled water, early life nutrition and medical nutrition – although it is rumoured to be divesting its medical nutrition business, apparently to boost its performance in milk formula. Its medical nutrition business is the smallest of its business units with reported sales of €1.34 billion in 2013, in comparison to its fresh dairy unit with reported sales of €11.8 billion, Danone’s largest. This move could ultimately boost its presence in the milk formula arena in Asia Pacific, the largest and fastest-growing market globally.
Danone’s medical nutrition business includes Nutricia medical, which itself contains a wide number of products including Souvenaid and Neocate, among others. A few months ago it was rumoured that Nestlé Health Sciences could acquire the business, but now Hospira is said to be in talks with Danone. It has been reported that this sale would include all brands that fall under its medical nutrition business. Hospira states that it is the world’s leading provider of injectable drugs and infusion technologies and so operates in a different space to Danone and one more clearly in line with Nutricia’s tube nutrition and medical device product portfolio.
Continue reading "Danone Sets its Sights on Becoming Number One in Milk Formula as it is Rumoured to be Selling its Medical Nutrition Business" »