Released on = November 15, 2006, 4:20 am

Press Release Author = RNCOS

Industry = Food & Beverage

Press Release Summary = Changing preferences, improved lifestyles and increased
incomes of consumers support the growth of the food processing industry in the Asia
pacific region.

Press Release Body = With improving lifestyle, and changing consumer perceptions
there’s been a sudden rise in the demand for processed food in Asia Pacific
region during the past few years. As a result, food manufacturers began to
concentrate on producing innovative products, so that they can meet the
ever-changing needs of consumers. Therefore, an enhanced demand for better food
packaging, processing and handling units has usurped across the region.

Independent sources have estimated that the Asian food processing market will show
rapid growth, representing the annual growth rate of around 12-15 percent for the
next five years (2006-10). Driven mainly by changing trade regulations as well as
increased awareness among consumers, demand has increased for organic food products,
juice-based drinks, bottled water, organic foods, herbal tea, fortified drinks and
low fat dairy products directing FDI’s flow in Asia Pacific region.

China and India together comprise largest numbers of consumers for processed food
across the globe. The two countries are likely to demonstrate strong growth in the
demand for processed food, with increasing incomes and changing food patterns among
their consumers.

RNCOS has recently published a report “Food and Beverages Market: A Global
Review (2006-2007)”. According to this report, “In India, consumer
spending on food and beverages increased at an annual average rate of about 7.6
percent during the years 2001-05, which was slightly faster than the GDP growth.
This trend is likely to continue, as consumer expenditure is rising by an average of
nearly 8.6 percent a year in 2006-10”.

“Since 1980, China has constantly been the fastest growing major economy in
the world. The country is standing firm will continue to do so for at least next
five years”, as per an industry expert at RNCOS.

Issues addressed in this report

- Food and Beverage industry’s performance till now.
- What are the future prospects of the industry?
- Prospects for growth of Food and Beverages in Different Countries.
- Success factors associated with the industry.
- Opportunities before the Food and beverages industry across the globe.
- Challenges before the industry.

About RNCOS:

RNCOS, incorporated in 2002, provides Market Research Reports for your business
needs and aims to put an end to your information pursuit. Our expertise in gathering
global business information for industry research, corporate training, growth
consulting, and business consulting, brings reputed companies and firms to us for
business enhancement solutions. We can be your one-stop-shop for Industry research
information and niche market analysis.

For more information visit: http://www.rncos.com/Report/IM070.htm

Current Industry News: http://www.rncos.com/blog


Web Site = http://www.rncos.com

Contact Details = RNCOS
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com