Food and Beverage Industry
The food and beverage market is expected to see growth slow to a rate of about 1% a year between 2013 and 2018 to exceed $4,900 billion by the end of the five-year period. Over a four-year period ending 2014, the food and beverage industry experienced an increase in revenues and profits. As international manufacturers increase production speed and output, which also lowers costs, the industry continues to become increasingly streamlined and efficient. This will lead to further growing profits.
Household Textiles Industry
The bed and bath textile furnishings industry is expected to reach almost $32 billion by 2015. The market is expected to grow at more than 3% yearly through 2015. Key market drivers for the textiles industry include higher demand for customers in the US, France, Germany and Japan.