U.S. food makers are looking overseas for more profitable growth over the next few years, as they often must rely on short-term price promotions to drive sales at home.

Kraft Foods Inc said its acquisition of Cadbury would accelerate long-term growth, though it expects the deal to hurt 2010 results."The U.S. consumer is all grown up, and future growth in consumer spending will be outside the U.S.," said Edward Jones analyst Matt Arnold.From that perspective, Kraft buying Cadbury makes a great ...