Our Takeaways from the Food & Drink Industry Report 2020
Recently Santander and the FDF, (Food and Drink Federation) partnered once again to bring us the Food and Drink industry Report 2020. This report outlines opportunities for growth and some of the hurdles for the food and drink industry for the year ahead.
It also investigated the growth opportunities in the export market and the developing markets of China, India, Japan, UAE and USA. These countries have seen significant growth year after year, but they are complex markets that can be a struggle to enter.
Here are some of our key takeaways from the report:
•In the first half of 2019 exports of food and drink increased by 5.1% (y-o-y) to £11.3bn. This has largely been driven by growth in the value of exports to non-EU countries (+9.8%), with growth over four times that of exports to the EU.
• The FDF has a goal to grow exports of branded food and non-alcoholic drink by a third, to reach £6 billion.
Source: FDF Ambitions
• The three top opportunities identified for food and drink manufacturers are domestic demand, healthy food products and investment.
Source: FDF Business Confidence Survey
"The food and drink industry is the UK's largest manufacturing sector, contributing £31.1bn to the economy annually and employing 450,000 people. It is a key part of the nation's £121 billion' farm to fork' food chain."
Andrew Williams, Head of Food & Drink Sector, Santander
"Encouraging more businesses to overcome their concerns about exporting is a high priority for FDF and for Santander."
Ian Wright, Chief Executive FDF
Information in this blog was originally published in the Food and Drink industry report 2020. For the full report, you can access it here.
If your organisation is considering exporting to any of the countries mentioned in the report and you need assistance with setting up your logistical supply chain don't hesitate to contact Steve Fosker Head of WTA Food.