In 2009, Israel’s Food Industry Will Look Overseas for Growth

上一篇 / 下一篇 2008-12-30 09:13:09 / 个人分类：新闻

Israel’sfoodindustry has just about given up realizing a dividend from regional peace. It apparently will not be able to count on significant domestic growth either. The opportunities will instead come from expansion overseas, including tapping into markets looking forkosherproducts. These were some of the conclusions of a the recently releasedIsrael Food and Drink Report 2008byBMI, posted on the website of theIsrael Export Institute. There were a number of major mergers and acquisitions with the focus on theStrauss Group, a family owned business that is Israel’s second largest food manufacturer, with some $3 billion in sales and poised to become the world’s 3rd largest coffee producer. Investment bankUBSacquired 1.1 million shares in Strauss worth a total of $15.5 million).G. Willi-Food International, Israel´s largest food importer and supplier of kosher foods moved into the rapidly-expanding Russian market. The company signed an agreement with a Russian dairy distributor to form. a joint venture.

Although food consumption in Israel is high, particularly by regional standards, BMI predicts that per-capita food consumption is due to decrease in coming years. A main reason for this is that mass grocery retail - traditionally a driver of increased food consumption levels - is already widespread and consumers are not, therefore, expected to significantly increase their food spending in such outlets. However, there is a growing demand for kosher foods in many European markets as well as in North America, which is why these companies are making the wise move of expanding into these more lucrative markets.

In 2009, Israel’s Food Industry Will Look Overseas for Growth

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