Table of Contents
•With stricter regulations and consumers becoming more concerned with manufacturing safety, opportunities for sanitary pump and valve manufacturers in the food and beverage industry will rise.
•The Food Safety Modernization Act (FSMA) focuses on ensuring the safety of food and beverage manufacturing processes in the United States, while countries such as China have also begun giving importance to food safety practices.
•The growing requirements for food products in Asia-Pacific and Africa ensure growing opportunities for sanitary pump and valve manufacturers.
•This research also covers economic factors by region which will influence market growth.
Outlook and Implications for Global Growth
•Energy led the strong growth in 2014 for North America.
•The global economic recovery will boost exports.
•While economic conditions are stabilizing in Latin America, growth will be low.
•An export-led economic revival is expected in 2015 and beyond.
•Europe is expected to slowly recover.
•The Ukraine crisis may impact energy prices and effect recovery.
•As the political situation stabilizes in the Middle East and Africa, an economic revival is expected.
•After sluggish performance in 2013, growth momentum is likely to pick up gradually in 2014.
•China and India are expected to witness modest recovery in 2014 and 2015.
What are the Risks?
•High current account deficits remained in 2014.
•High levels of public and private debt and current account deficits will limit policy intervention.
•This also leads to speculation on the monetary policy decisions of major developed economies.
•The risk of capital outflow and rising current account deficits is high in many emerging markets.
•In addition, political risks continue in North Africa and the Middle East.
Future Food and Beverage Trends
•Stringent hygiene and increasing safety regulations
•Shift in consumer preference towards functional and convenience foods
•Modernization across facilities to accommodate increasing demand from key regions
•Growing middle class in the emerging regions
•Rising adoption of continuous production methods in order to improve plant utilization and increase production
•Huge potential for private label brands in emerging regions
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