Favorable Foreign Exchanges
Street fare, frozen foods, on-the-go fresh snacks, and restaurant concepts are among the most exportable ideas in today’s fast-evolving global food market.
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It’s ironic that despite efforts in some Western countries to get back to basics and eat more fresh, less processed foods, lifestyle changes around the world are driving global consumers to embrace more packaged foods.
By 2021, sales in the global packaged food industry will reach $2.2 trillion. China, which is expected to contribute one-third of sales growth during this interim period, will account for 11% of global packaged food/drink sales (Euromonitor 2016a).
Canada will become the twe…
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