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Food Industry Update

PepsiCo unveils $5 billion investment program for Mexico

PepsiCo said it would spread the spending over five years, focusing on four key areas: innovation and brand building, infrastructure, agriculture and community
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Food preservatives market to reach $2.7 billion in 2018, analysts predict

The key growth drivers are rising demand for natural foods and safety issues where processed products are concerned.
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One-third of US consumers reduced red meat consumption in 2013

Health concerns are the top motivator for cutting down on red meat as Americans seek to reduce their fat and cholesterol intake.
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UK's Food Standards Agency outlines action plan for 2014

As one of the key issues to address, the plan deals with Campylobacter -- the UK's most common cause of food poisoning.
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FDA proposes rule to protect food supply chain

The proposal outlines a preventive strategy that will protect the U.S. food supply chain from serious public health risks.
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San Francisco considers ban on bottled water

San Francisco may ban sales of bottled water on public property if the city Board of Supervisors approves radical new legislation proposed by Supervisor David Chiu.
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US pork production remains stable in 2013

The United States is predicted to produce a total of 23.22 billion pounds of pork in 2013, which is just 0.1 percent down on the amount produced in 2012, new figures from the U.S. Department of Agriculture show.
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Recession exacerbates meat consumption declines

As a result of the economy, consumers have scaled back the quality and quantity of meat purchased, while adverse health effects associated with red meat consumption have driven some consumers toward alternative protein sources.
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India needs to develop food processing potential, industry group says

A new report predicts that the country could attract $33 billion of investment over the next decade, boosting the national economy and securing high profits.
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Frozen bakery market to maintain steady growth through 2018

The combination of convenience and changing lifestyles will continue to drive expansion in the frozen bakery segment, with annual growth projected at 7.1% between 2012 and 2018.
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