Prepared Foods - August 2008 - (Page 32)

new product trends be occurring much more rapidly than for any other type of expenditure. This is not surprising, given that, in the U.S., among all food categories, spending on food away from home showed the largest response to increases in income. In summary, income growth and globalization of the food retail and foodservice industry are giving rise to increasingly similar food consumption patterns across the world. Food consumption patterns of middle- and high-income countries, as indicated by their food spending across different food types over time, are converging. The expansion of Western-style retail and foodservice outlets is modernizing the food marketing sector in developing countries. At the current rate, ERS estimates that in about 20 years, food purchases in middle-income countries through Westernstyle grocery stores will approach 50% of the level of the sales in higher income countries. Convergence in the foodservice sector is moving faster, with expenditures in middle-income countries expected to reach 50% of the level of high-income countries within a decade. However, given ERS research showing that the foods U.S. consumers choose to eat away from home, on average, are higher in calories but lower in nutrients than foods eaten at home, these trends have important implications for obesity and health in developing countries. Elizabeth Frazão, Birgit Meade and Anita Regmi are with the Economic Research Service of the USDA. See www.ers.usda. gov/AmberWaves/February08/Features/CovergingPatterns. htm for the original article online. Foodservice sales data substantiate a global trend of higher spending on food away from home, as income increases. In 2005, annual expenditures in the foodservice sector averaged $95 per capita in lower middle-income countries, $260 in upper middleincome countries, and $781 in high-income countries. number of years required for progress halfway toward the steady-state level when convergence is assumed to have been achieved). There is remarkable similarity in the halflife estimates—between 16-21 years for total foodservice, standardized retail outlets, and food/meat expenditures across country groupings. Convergence in fast food sales, with a half-life estimate of nine years, appears to Pectin is everywhere and wherever pectin is added, the quality of food is significantly enhanced. For decades, Herbstreith & Fox has been a leader in the development, manufacturing and application of pectin. We help you to make your products even better. For more information please contact the pectin specialists at: www.herbstreith-fox.com • usa@herbstreith-fox.com Herbstreith & Fox Inc. 570 Taxter Road Elmsford, NY 10523 USA Corporate Group Phone: +1 914 345 9501 Fax: +1 914 345 0919 32 August 2008 ● www.PreparedFoods.com http://www.ers.usda.gov/AmberWaves/February08/Features/ConvergingPatterns.htm http://www.ers.usda.gov/AmberWaves/February08/Features/ConvergingPatterns.htm http://www.ers.usda.gov/AmberWaves/February08/Features/ConvergingPatterns.htm http://www.herbstreith-fox.com http://www.herbstreith-fox.com http://www.PreparedFoods.com

Table of Contents Feed for the Digital Edition of Prepared Foods - August 2008

Prepared Foods - August 2008 Table of Contents Hitting the Shelves Promoting Craveable Foods and Beverages It’s a Small World MarketWatch Regulations: Safety Dance A Taste of Southeast Asia Flavor Secrets: Asian Five-spice Flavor Secrets: The Well-seasoned Potato On the National Menu To Serve and Protect: Flavor and Nutrition Protection Fat Applications in Transition: Creation of Good vs. Bad Fats A Tasteful Formulation Balance Nutrient Density and Dairy Foods R and D Applications Seminar: Formulation Information R and D Applications: Some Flavors Like it Hot R and D Applications: Prebiotics from a Conifer? R and D Applications: Seeing Red (Foods) R and D Applications: A Probiotic with Survival Skills Abstracts

Prepared Foods - August 2008

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