Food & Beverage Activity Steady Over the Coming Year

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Researched by Industrial Info Resources (Sugar Land, Texas)--The Food & Beverage Industry should deliver steady spending in 2017. According to the 2017 Global Market Outlook, Industrial Info has already identified more than $11 billion in project activity scheduled to kick off in the U.S. this year. While not all of this will move ahead due to cancellations and project delays, activity in the Food & Beverage Industry should be brisk over the coming 12 months.

Demand for meat, poultry and seafood is forecast to increase in 2017. The poultry segment, in particular, is expected to show growth to meet increased demand. Pork and beef production also staged a comeback in 2016, and this increased investment is expected to continue into 2017.

Within the packaged foods segment, automation and energy savings projects continue to be a priority for many facilities. The ready-to-eat segment has shown growth, and many manufacturers continue to expand facilities to offer convenience to consumers.

Within the beverage segment, the brewing category has been one of the sectors keeping this segment active. Carbonated soft drinks are expected to face more headwinds, as consumer tastes change.

To learn more about to what to expect in the Food & Beverage Industry, as well as 11 other industries tracked by Industrial Info, check out our 2017 Global Industrial Outlook. Write-ups from our industry experts provide information on both North American and international sectors, as well as top-line economic forecasts for different world regions. Quarterly updated project spending statistics are broken down by industry, market region and budget type (capital or maintenance). Detailed assessments from Industrial Info's industry experts help explain how the data and information reflect broader industrial trends.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 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. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.