73 Fresh Food and Beverage Projects in September 2024: Industry Growth and Opportunity – Food Industry Executive
73 Fresh Food and Beverage Projects in September 2024: Industry Growth and Opportunity Food Industry Executive
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Industrial SalesLeads September 2024 Report: Promising Growth in the Food and Beverage Industry
Sustainable Development Goals (SDGs)
- Goal 2: Zero Hunger
- Goal 3: Good Health and Well-being
- Goal 8: Decent Work and Economic Growth
- Goal 9: Industry, Innovation, and Infrastructure
- Goal 12: Responsible Consumption and Production
- Goal 17: Partnerships for the Goals
Industrial SalesLeads announced today the September 2024 results for the new planned capital project spending report for the Food and Beverage industry. The Firm directly tracks North American planned industrial capital project activity, ranging from facility expansions to new plant construction and significant equipment modernization projects. In the latest research findings, it has been confirmed that there are 73 new and noteworthy projects in the Food and Beverage sector. This data reflects a slowdown, but good growth and development within the industry, showcasing a promising landscape for investment and innovation.
Selected Highlights on New Food and Beverage Industry Construction News
Food and Beverage Project Type
- Processing Facilities – 60 New Projects
- Distribution and Industrial Warehouse – 17 New Projects
Food and Beverage Project Scope/Activity
- New Construction – 17 New Projects
- Expansion – 27 New Projects
- Renovations/Equipment Upgrades – 36 New Projects
- Plant Closing – 5 New Projects
Food and Beverage Project Location (Top 10 States)
- Pennsylvania – 5
- Colorado – 4
- Illinois – 4
- Texas – 4
- California – 3
- Connecticut – 3
- Indiana – 3
- Massachusetts – 3
- Montana – 3
- New York – 3
Largest Planned Project
During the month of September, our research team identified 2 new Food and Beverage facility construction projects with an estimated value of $100 million or more.
The largest project is owned by America’s Heartland Packing, who is investing $800 million for the construction of a processing facility in WRIGHT CITY, MO. Completion is slated for early 2025.
Top 10 Tracked Food and Beverage Projects
TEXAS:
Dairy products mfr. is planning to invest $100 million for a 90,000 sf expansion and equipment upgrades on their processing, warehouse, and laboratory facility in TYLER, TX. They have recently received approval for the project. Completion is slated for early 2026.
MISSISSIPPI:
Beverage company is expanding and planning to invest $42 million for the expansion, renovation, and equipment upgrades on their manufacturing facility in CLINTON, MS. They have recently received approval for the project.
NORTH CAROLINA:
Specialty food processing company is planning to invest $36 million for the renovation and equipment upgrades on a processing facility in SELMA, NC. They have recently received approval for the project.
ALABAMA:
Beverage company is planning to invest $35 million for the expansion and equipment upgrades on their manufacturing and processing facility in OPELIKA, AL. They have recently received approval for the project. Completion is slated for Summer 2026.
MISSOURI:
Specialty snack food mfr. is planning for the renovation and equipment upgrades on a 300,000 sf processing and warehouse facility in MEXICO, MO. Completion is slated for early Fall 2025.
ARIZONA:
Beverage company is planning for a 187,000 sf expansion and equipment upgrades on their processing and warehouse facility in TEMPE, AZ. They are currently seeking approval for the project.
MICHIGAN:
Specialty feed producer is planning to invest $16 million for the construction of a 13,000 sf processing facility in REESE, MI. They have recently received approval for the project.
WASHINGTON:
Fresh produce company is planning to invest $8 million for a 152,000 sf expansion of their growing and processing facility at 950 S. Elm Ave. in PASCO, WA. They are currently seeking approval for the project.
FLORIDA:
Foodservice distributor is planning for the renovation and equipment upgrades on a recently acquired 110,000 sf warehouse facility at 2963 Stonewall Pl. in SANFORD, FL. They are currently seeking approval for the project.
TEXAS:
Specialty food product mfr. is planning to invest $8 million for the construction of a 60,000 sf processing and warehouse facility at 7414 Bayway Dr. in BAYTOWN, TX. Construction is expected to start in late 2024, with completion slated for Summer 2025.
About Industrial SalesLeads, Inc.
Since 1959, Industrial SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, IMI identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team. Visit us at salesleadsinc.com.
Industries Covered
- Food and Beverage
- Manufacturing
- Construction
- Technology
- Energy
- Pharmaceutical
SDGs, Targets, and Indicators Analysis
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 8: Decent Work and Economic Growth
- SDG 12: Responsible Consumption and Production
The article discusses planned capital projects in the Food and Beverage industry, which are related to industrial development and infrastructure (SDG 9). It also mentions growth and development within the industry, indicating progress in economic growth and job creation (SDG 8). Additionally, the article highlights the construction of processing facilities and equipment upgrades, which are relevant to responsible consumption and production (SDG 12).
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 9.2: Promote inclusive and sustainable industrialization
- SDG 8.2: Achieve higher levels of economic productivity
- SDG 12.2: Achieve sustainable management and efficient use of natural resources
The article’s content aligns with the targets of promoting inclusive and sustainable industrialization (SDG 9.2), achieving higher levels of economic productivity (SDG 8.2), and achieving sustainable management and efficient use of natural resources (SDG 12.2).
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Number of new and noteworthy projects in the Food and Beverage sector
- Investment amount for construction projects
- Number of facility expansions and equipment upgrades
- Number of projects focused on new construction, expansion, renovations, and plant closing
- Number of projects approved and completed
The article mentions several indicators that can be used to measure progress towards the identified targets. These indicators include the number of new and noteworthy projects in the Food and Beverage sector, the investment amount for construction projects, the number of facility expansions and equipment upgrades, the number of projects focused on new construction, expansion, renovations, and plant closing, as well as the number of projects approved and completed.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 9: Industry, Innovation, and Infrastructure | Promote inclusive and sustainable industrialization | – Number of new and noteworthy projects in the Food and Beverage sector – Investment amount for construction projects – Number of facility expansions and equipment upgrades – Number of projects focused on new construction, expansion, renovations, and plant closing – Number of projects approved and completed |
| SDG 8: Decent Work and Economic Growth | Achieve higher levels of economic productivity | – Number of new and noteworthy projects in the Food and Beverage sector – Investment amount for construction projects – Number of facility expansions and equipment upgrades – Number of projects focused on new construction, expansion, renovations, and plant closing – Number of projects approved and completed |
| SDG 12: Responsible Consumption and Production | Achieve sustainable management and efficient use of natural resources | – Number of new and noteworthy projects in the Food and Beverage sector – Investment amount for construction projects – Number of facility expansions and equipment upgrades – Number of projects focused on new construction, expansion, renovations, and plant closing – Number of projects approved and completed |
Source: foodindustryexecutive.com
