Recently we wrote about how the Aerospace & Defense industry could be facing a bumpy road ahead as governments cut budgets. Those companies targeting that industry sector have to be realistic about their growth opportunities in that sector.
Here’s the other side of the coin — Food and Beverage companies.
On the Global 5000 companies, there are 205 in the Food and Beverage industry. They generate over $1.5 trillion annually and employ over 5 million. Where the Aerospace companies have struggled as an industry and shown essentially no growth over the past three years, Food and Beverage companies have witnessed strong, steady growth save for the 1 year bump with the recession. All reports are that 2010 is just as healthy.
Growth rates for the past few years are:
- 2007 – 9.2%
- 2008 – 8.6%
- 2009 – down 1.6%
- 2010 – 8.6%
If part of your target market is in Food and Beverage, you have likely tracked some solid results here.
The top 10 companies in this segment are:
- Archer Daniels Midland
- Philip Morris International
- Kraft Foods
- Anheuser-Busch InBev
- Coca Cola
- Tyson Foods