New Trends Create Opportunity in Ohio’s Food Industry
Food manufacturing is in the midst of disruption. There are three main drivers of change in the food industry: financial pressure, consumer preference and technology. These changes present an opportunity to retain and expand market share in Ohio. In an effort to capture the breadth and depth of Ohio’s end-to-end food system for LEDOs, I’ve written a white paper called Opportunities and Trends in Ohio’s Food Industry.
Our state’s food and agribusiness sector contributes $16.4 billion, or 2 percent, to Ohio’s gross state product (GSP). That’s almost double the state average of other industries. More than 1,300 food manufacturing facilities of all sizes employ about 70,000 people. From farms to the tables of consumers, food and agribusiness companies in Ohio have access to assets to set them up for continued success. In addition to significant corn, bean and soft wheat production, Ohio is home to one of the largest food manufacturing industries, extensive food packaging production, storage and distribution systems, and a strong food retail system. Pet food is also a fast-growing market in Ohio. Four of the top five pet food manufacturers are located here, including J.M. Smucker, which purchased Big Heart Pet Brands a few years ago.
Significant changes in the food, beverage and forestry sectors are being driven by financial pressure on food manufacturing margins, rapidly evolving consumer preferences and advances in technology. Mega trends in food include consumer preferences shifting toward convenience, nutrition and sustainability. These changes are driving realignment among food manufacturing companies, including numerous new niche manufacturers/marketers, as well as increased investments around ingredients, packaging, distribution and R&D.
Several food and agribusiness companies have added research and development facilities across Ohio dedicated to the science of food, from safety to taste to nutrition. These companies include Kroger, Tysonâ (AdvancePierreâ), SugarCreek and Nestlé. New technology is also making its way to the factory floors, where fully automated warehouses offer effective packaging to increase food safety and extend shelf life.
All of these disruptors will continue to drive the food industry, often times paving the way for new food concepts that are in tune with consumer demands. Trends will generate business interest, investment and change. Our team at JobsOhio is eager to partner with local communities to recognize, encourage and support the food sector.
To learn more about opportunities in the food industry and for a copy of the white paper, Opportunities and Trends in Ohio’s Food Industry, contact me by email at email@example.com.
Ohio’s Joint Economic Development District (JEDD) program is the major state program that enables collaboration among municipalities and townships to encourage investment and job creation. Over the past few years, the JEDD program has undergone a number of significant changes that impact on its practical use.read more
I first met Dan in the fall of 2016. I had moved to Central Ohio over the late holiday season in 2015 to begin serving as the new Director of GROW Licking County CIC, Dan’s former role. I was immediately struck by many in the community who worried that I would “not be enough,” that the “shoes were too big,” and that “Dan was larger than life.” And they were right.read more
The Ohio Economic Development Association’s annual Excellence Awards program recognizes the achievements of individuals and organizations in Ohio in the areas of economic and workforce development. Submit your nominations today and have excellence in your community recognized statewide!
A panel of judges will evaluate the nominations, determine finalists, and select a winner for each of the categories noted below. Award winners will be announced in conjunction with the 2022 OEDA Annual Summit, being held October 3-6 at the Exchange at Bridge Park in Dublin, Ohio.read more