Industry Analysis & Industry Trends
The Tea, Coffee and Other Food Manufacturing industry includes a diverse range of products. Tea and coffee account for just under two-thirds of industry revenue, while industry operators also generate a significant amount of revenue from producing prepared meals, salt, yeast, and herbs and spices. Other food products contribute to the remainder of industry revenue. Rising health consciousness, growing disposable incomes, changing consumer preferences, volatile input prices and international trade have all influenced the industry over the past five years. These factors have benefited some products at the expense of others. Consequently, industry growth has fluctuated over the past five years. Industry revenue is expected to increase at an annualised 4.6%... purchase to read more
Industry Report - Industry Investment Chapter
The Tea, Coffee and Other Food Manufacturing industry is moderately capital-intensive. For every dollar spent on capital costs, an estimated $3.91 is spent on wages. The industry consists of large-scale manufacturers that are highly reliant on automated machinery, along with small-to-medium enterprises that do not have the capital to invest significantly in machinery and automation.
Modern manufacturing plants require high capital expenditure on sophisticated technology and equipment that increase productivity without the need for additional labour. This is crucial for large industry enterprises that seek to cut costs to increase price competitiveness. Many major players are focusing on automation as a method of staying competitive... purchase to read more