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Posts Tagged exports

UK food and drink exports on the up

Total UK food and non-alcoholic drink exports grew by 2.5% to £6.1 billion in the first half of 2013, according to figures from the Food & Drink Federation.

Although 2013 began slowly with food and non-alcoholic drinks exports down by 3.4% in Q1, this was offset by strong Q2 growth (+9%) – exports in June alone were up over 13%.

Exports to the EU27 showed positive signs (+1%) though this was eclipsed by continued high growth to non-EU markets, up 7.5%. China leapt up ten places to enter the top 10 markets for food and drink companies, a climb largely accounted for by a boom in British pork exports (+591%).

Value added foods were up in both EU (+4.9%) and non-EU markets (+8.2%), and sweet biscuits performed particularly strongly (+14.2%). Against a difficult backdrop with cumulative UK exports down by 3.3%, food and non-alcoholic drink exports have performed solidly, showing a 2.5% increase compared to the same period last year.

Global additives market ‘set to grow steadily’

The global market for food additives is set to grow steadily over the next five years, according to a new report.

The market was worth £18.4 billion in 2011, and is expected to reach £23.6bn in 2018, says Transparency Market Research.

The analyst says the increase will be as a result expected growth in the food and beverage industry, and increasing awareness of and demand for functional food additives.

Europe dominated the food additives market in 2011, accounting for over 32% of global consumption. However, surging demand from India, China and South Korea, means Asia Pacific is expected to be the fastest growing market for food additives, with an estimated compound annual growth rate of 5% from 2012 to 2018.

“Huge opportunities exist in the segments of flavours and enhancers, enzymes, fat replacers and the shelf life stabilisers market,” says a spokesman for Transparency Market Research.