Food, drink and tobacco companies are overwhelmingly the largest
sector among the world’s top 250 consumer products companies,
according to a new report from Deloitte. The report – titled “Global
Powers of the Consumer Products Industry 2011” – identified the
250 largest consumer products companies around the world based
on publicly available data for companies’ past fiscal year.
Findings from the survey include:
• Tobacco, food and drink only sectors to see sales increase: As a
group, combined sales rose nearly 1 percent (.08) when compared
to the previous fiscal year. The group’s profitability also jumped
with a composite net profit margin of more than 8 percent ( 8. 1) –
second only to the personal and household product sector.
• Tobacco and beverage companies significantly outperform food:
In 2009, tobacco companies grew sales by upward of 8 percent
( 8. 2) and netted a more than 15 percent ( 15. 4) profit margin.
And results for beverage companies were still noteworthy – given
the tough economic environment – with sales growing more
than 4 percent ( 4. 1) and a profit margin of upward of 10 percent
( 10. 4). Conversely, the food processing companies underperformed
with a sales decline of one-and-a-half percent ( 1. 5) and a net
profit margin of nearly 6 percent ( 5. 9).
• Tobacco company consolidation pays off: The nine tobacco
companies – included in the world’s top 250 consumer products
companies – while small in number, are large in size. These
companies averaged nearly $14.8 billion in 2009 sales volume.
Acquisitions have driven the growth of many of these companies
in recent years. But cigarette maker Phillip Morris, the largest
tobacco company, dropped from third place to eighth place on the
world’s top 250 consumer products companies list after excise
taxes were dropped from its sales figure.
Food, Drink and Tobacco in Top 250
Consumer Products Companies’ List
Virginia Set to Shine at Fancy Food Show
Between the Winter Fancy Food Show on the West Coast and the Summer
Fancy Food Show on the East Coast, the National Association for the Specialty
Food Trade (NASFT) events bring in more than 40,000 attendees from more
than 80 countries to see 260,000 innovative specialty food products each
year. These include confections, cheese, coffee, snacks, spices, ethnic, natural
and organic products, and more.
The Virginia Department of Agriculture and Consumer Services (VDACS) will
host what is on track to be the largest state pavilion at the 2011 Summer
Fancy Food Show. Nearly 50 Virginia companies will showcase their wares July
10 through 12 at the Walter E. Washington Convention Center in Washington,
D.C., with 26 of the state’s firms concentrated in one giant Virginia Pavilion. For
the producers who will be exhibiting, and the retailers, restaurants and food
writers who will be sampling, this is one of the events of the summer.
The 57th Summer Fancy Food Show is North America’s largest specialty food
and beverage event. The show’s permanent home is the Jacob K. Javits Convention Center in New York, but due to extensive renovations there, the show
has moved to Washington, D.C., for a couple of years. Producers will exhibit
180,000 products. Expected attendance is 2,500 exhibitors representing 81
countries, and 25,000 attendees.
VDACS will also host a Virginia’s Finest information booth in the Virginia
Pavilion, booth 2929.
According to the NASFT, total sales of specialty foods during the most recent
reporting period (2009) were $63.09 billion, with $50.34 billion of sales at
retail. And sales are up this year. Last year, 46 percent of consumers bought
specialty foods in the last six months; this year, that six-month total is up to
63 percent. “Current trends bode very well for a successful trade show this
year,” said Matthew J. Lohr, VDACS’ commissioner. “I encourage buyers from
across the state and around the region to attend this summer and to visit our
Virginia producers to sample and buy their products.”
The Virginia Pavilion is in Hall B and is comprised of booth spaces 2823 –
2833, 2922 – 2933 and 3022 – 3033. For more information, please contact
Elaine Lidholm at 804-786-7686.