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Food & Beverage

Food and beverage companies allocate budgets for sustainable products

November 06, 2012
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ROCKVILLE, Md. — A new report available from MarketResearch.com, "Sustainability in the Global Food and Beverage Industry 2012-2013: Trends and Opportunities, Budgets, Food and Beverage Industry Procurement, and Marketing Initiatives," includes the following observations concerning what sustainability means to the global food and beverage industry and how it is being implemented.

''Adopting video-conferencing,'' ''emission control systems,'' and ''low carbon emitting machinery'' are the key energy efficiency measures implemented by global food and beverage manufacturers and suppliers.

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In total, 33% of food and beverage manufacturer respondents use ''change in energy usage'' to monitor and measure the implementation of sustainability initiatives.

Overall, 60% of respondents each consider the UK and Germany as the fastest-growing regions for sustainable products and services; the US is also expected to be one of the fastest growing regions, as identified by 59% of respondents.

On average, buyer sustainability management budgets are expected to rise over the next 12 months by 6.6%, compared to an expected increase of 9% in 2011.

Respondents from food and beverage organizations consider the ''reduction of energy consumption,'' ''ability to track sustainability in its supply chain,'' and ''effective minimization of water consumption'' to be critical factors for supplier selection.

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