It is often said that the food industry is among those that grows continuously, because people have to eat in order to survive and work, no matter what other hardships they have to endure – hence it is described as non-cyclical.
Observation has confirmed that when people gain an increase in disposable income, their expenditure on food always increases.
Several developing countries including China, India, Brazil and Vietnam have overcome whatever economic constraints they previously experienced and are achieving unprecedented economic growth. Many African countries are also demonstrating greater economic stability and growth.
Millions of people are migrating to cities and industrial centres to earn their way to a better lifestyle – and this massive influx of consumers is driving explosive demand for basic food commodities and inflating food prices around the world.
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