Released May 20, 2021 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--The first four months of 2021 were mostly positive for North American food and beverage manufacturers and may be an indicator of what's ahead for the remainder of the year. Demand for products continues to improve across most sectors of the industry and optimism remains high in terms of growth and related capital expenditures. However, there are challenges afoot that could temper the pace of the industry's recovery following the pandemic.
Food and beverage companies want to know how the Biden administration will address trade policies that are squeezing domestic output, both from an import and export standpoint.
Industrial Info is tracking more than 600 Food & Beverage Industry projects in the U.S. and Canada, worth more than $11 billion, that are planned to kick off construction during the second half of 2021.
Click on the image at right for a graph showing second-half 2021 food and beverage project kickoffs by market region.
Sector performance has been mixed. Shifting consumer habits continue to drag down demand within certain sectors and will likely have an adverse impact on project spending plans. Conversely, segments within the packaged food sector are seeing exponential growth, and companies are responding by investing in new plants.
Industrial Info's second-quarter assessment of the North American food and beverage industry provides insight on issues and trends impacting future capital expenditures.
Click here for more information on Industrial Info's North American Market Assessment.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
Food and beverage companies want to know how the Biden administration will address trade policies that are squeezing domestic output, both from an import and export standpoint.
Industrial Info is tracking more than 600 Food & Beverage Industry projects in the U.S. and Canada, worth more than $11 billion, that are planned to kick off construction during the second half of 2021.
Sector performance has been mixed. Shifting consumer habits continue to drag down demand within certain sectors and will likely have an adverse impact on project spending plans. Conversely, segments within the packaged food sector are seeing exponential growth, and companies are responding by investing in new plants.
Industrial Info's second-quarter assessment of the North American food and beverage industry provides insight on issues and trends impacting future capital expenditures.
Click here for more information on Industrial Info's North American Market Assessment.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
