Industry Analysis & Industry Trends
The Tea, Coffee and Other Food Manufacturing industry is typified by great diversity in its product range and levels of value added. The industry has remained resilient despite a deteriorating economic climate, waning consumer confidence and volatile commodity prices largely due to the staple and inexpensive nature of its products. Although the industry is in the mature stage of its life cycle, some segments have grown dramatically, such as fair trade coffee and tea, premium and organic coffee and green tea. Changing lifestyles and consumption patterns have prompted manufacturers to be innovative with their product lines to stimulate sales and renew demand... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in the mature stage of its life cycle, typified by a saturated market and a range of well-established products and players. The primary concern for manufacturers in this stage is to maintain and defend market share and induce sales growth through timely innovation and new product introductions. This has seen industry participation decline over the past five years. In the ten years leading up to 2017-18, industry value added is expected to increase by an annualised 2.0%, while real GDP is estimated to increase by 2.4% over the same period, thereby indicating that the industry's contribution to the economy is slower than the rate of economic growth... purchase to read more