Overview
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Long-term consumer spending trends in most foreign markets
indicate declining expenditure shares on staples (like rice and
wheat) and increasing shares on higher valued food items (such as
meat, dairy, fruits, and vegetables). These shifts in food demand
trends have reshaped food marketing gobally.
- Food suppliers and retailers have responded to demand by
modifying their products and retail formats to better meet consumer
needs.
- Large multimational retailers have expanded in the developing
countries, and top 15 companies account for more than 30 percent of
global supermarket sales.
ERS analyzes data collected by various national and
international organizations and a commercial vendor to examine the
ongoing evolutions in global food markets.