The Tea, Coffee and Other Food Manufacturing industry is characterised by the diversity of its products and the levels of value added in each segment. Despite a weak economic climate, changing consumer tastes and volatile commodity prices during the earlier half of the past five years, the industry remained resilient. This was due to the staple and inexpensive nature of its end products. More recently, changing lifestyles and consumption patterns have prompted manufacturers to innovate to stimulate sales and renew demand. Ground coffee, for example, has grown in popularity over the past five years as consumers have increasingly sought to make cafe-style coffees at home.
Companies in this industry manufacture food products that are not classified elsewhere. These products include coffee, tea, dressings, seasonings, flavourings, herbs, spices, yeast, yeast extracts, ice, honey, salt and prepared meals. Manufacturers in this industry procure raw materials and process them into various finished products that are subsequently sold to wholesalers, retailers and related food manufacturers.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.