Study: Private label, healthy foods are top growth drivers
Respondents attributed this growth prediction to secular industry trends currently favoring private label and healthy/nutritious foods.
Most food and beverage companies anticipate a significant increase in sales this year, according to the 2016 annual U.S. Food & Beverage Industry Study, released by WeiserMazars LLP, a New York-based accounting, tax and advisory services firm.
Survey participants – which were drawn from over 200 companies across the food and beverage industry – are confident sales will increase 14% compared to 2015 and project net profits will rise by 10%.