Polish processed food market is recession-proof, says study

By Mike Stones

- Last updated on GMT

Related tags: Food processing, Food processing industry, Food industry, Food

Poland’s food processing industry will show little or no sign of the turmoil that impacted the global economy last year, according to a new report from international research consultants RNCOS.

Its report, Processed Food Market in Poland Outlook 2012​ concludes that the country has one of the most dynamic food processing industries in East Europe. Based on in-depth research of the country’s food processing industry, the study predicts that the demand for processed food will continue to rise and companies will tend to invest more in future in order to tap the unexplored market potential.

Food processing

Last year, the revenue from food processing was estimated at US$67.45bn, which is anticipated to grow at a compound annual growth rate of nearly 15 per cent by 2013.

Poland’s food processing sector is particularly buoyant because of the presence of a large number of enterprises involved in processing food products, the availability of domestic and imported raw materials and the country’s accession into the EU.“For past few years, Polish food processing industry has been witnessing entry of large number of foreign companies and distributors; thereby, leading to more competitive environment. Moreover, foreign companies have dominated the country’s food processing industry, and have helped in imparting new technologies and new thrust to the industry​,” according to the report.

Sections of the report focus on the sales of processed food, meat and meat products, processed fruits and vegetables, edible oils and fats, dairy products, beverages, starch, grain, and other food products.

Future performance

The research will help consultants, industry analysts and vendors to get in depth knowledge on the current, past and future performance of the industry​,” says RNCOS. “The future outlook mentioned in report has been derived by interacting with various industry veterans, developers, analyzing information from research papers, journals and our in-house developed models which have been designed specific to industry​.”

Market research consultants RNCOS focuses on food markets in addition to pharmaceutical, IT & Telecom markets.

Related topics: Processing & Packaging