IFT 2011 Annual Meeting + Food Expo
BERLIN AND NEW ORLEANS, June 9, 2011 /CNW/ - Food exports from the USA
to Germany increased nearly 15 percent from 2009 to 2010, according to
the latest industry figures. Driven by strong spending in Europe's
largest food market, Germany is attracting exporters and investors
looking to tap the European market. Producers located in Germany
benefit from an export ratio of 28.7 percent, with the lion's share
going to Europe. Germany Trade & Invest will have representatives at
this year's IFT Annual Meeting and Food Expo in New Orleans from June
11-14 to share the latest market trends and business opportunities in
"With over 80 million consumers, Germany is by far Europe's largest food
market. Food producers in Germany benefit from its central location and
world-class infrastructure, which allow them to quickly reach the
affluent markets of western Europe and growth regions of eastern
Europe," said Daniel Lindel, food industry expert at Germany Trade &
Invest in Berlin.
Germany's food and beverage industry accounts for annual revenue of
nearly 200 billion dollars, making it the second largest food producer
in Europe. Food represents Germany's fourth largest industry, with over
half a million employees and thousands of international companies.
Several new companies entered the industry in 2010, boosted by
Germany's strong economic growth overall.
Germany's largest food industry segments are meat and dairy as well as
confectionaries and alcoholic beverages - including Germany's legendary
beer industry as well as a surprisingly strong wine industry. The
segments demonstrating the largest growth in recent years include
chilled foods at over 20 percent, in addition to fine foods, snacks and
confectionaries, as well as frozen and convenience foods marked by
approximately 10 percent growth.
Germany Trade & Invest is the foreign trade and inward investment
promotion agency of the Federal Republic of Germany. The organization
advises foreign companies looking to expand their business activities
in the German market. It provides information on foreign trade to
German companies that seek to enter foreign markets.
SOURCE Germany Trade and Invest
For further information:
Germany Trade & Invest