UK dominates the food industry as its largest importer and second largest exporter in the world. Its most popular destination is the US, followed by Japan, Switzerland and Russia. European industry faces the challenge of tackling scarcity of skilled employees so that it continues to sustain its share in global trade. Food Industry – comprises of more than 300,000 companies across Europe
As one of the most important industries in Europe, the food and drink sector comprises of more than 300,000 different enterprises. It was estimated that the food industry employs around 4 million individuals. It is an industry that will continue to grow despite financial obstacles due to the great demand and high number of skilled individuals.
Every year the UK food and drink industry introduces around 10,000 new products. The UK is particularly competitive in added-value, branded and skill-intensive products. Food and drink manufacturing is the single largest manufacturing sector in the UK and is growing at a faster rate than most other sectors. The sheer scale of the food and drink sector in the UK makes this an ideal investment location for overseas companies. The UK is acknowledged as the number one gateway to Europe. The EU is the largest single market in the world, with a population of nearly 500 million. The UK food and drink sector is an important trading partner with Europe, with two thirds of its estimated £7.5bn food and drink exports going to the EU.
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