The main objective of the Food & Beverage industry is to provide safe, high-quality and affordable nutrition to consumers worldwide. It plays an essential role in the global food chain by transforming raw agricultural commodities into end products that meet the needs of increasingly sophisticated consumers. The industry is a key contributor to society’s goals of ensuring food security and public health. It is also one of the biggest innovators, a stable source of employment and incomes, and a major driver of socio-economic development.
The Food & Beverage industry involves the processing and transformation of agricultural and livestock goods into products for intermediate or final consumption. The manufacture of meat and dairy products, flour and milling by-products, oils, sugar, chocolate, frozen food, animal feed, and alcoholic and non-alcoholic beverages, as well as tobacco products, are all part of this industry. The industry’s products are usually sold to wholesalers and retailers for distribution to consumers.
The manufacturing industry in the Philippines is the top contributor to the country’s economic growth, while the food and beverage (F&B) sector is among the largest contributors within the manufacturing industry. The F&B sector ...READ MORE
In the third quarter of 2017, the revenue of China’s food manufacturing sector was RMB 559.9bn, down by 7.2% y/y. The downward trend in overall food prices continued, however, the decline was slower compared to that in the first and second ...READ MORE
The growth of China’s beverage sector remained stable in Q3 2017, supported by increased sales of high-end baijiu. The total sales revenue of the 17 listed baijiu producing companies in Q3 2017 jumped by 55.6% y/y to RMB 40.2bn. All three major ...READ MORE
China produces one-third of the world’s meat, a quarter of the world’s fruit and one-fourth of the world’s beer. It also consumes half of the world’s vegetables and a third of the world’s baijiu. In the first nine months ...READ MORE
The food and beverage sector does not take a significant share in Russia’s economy, generating just 1.9% of the country’s gross domestic product (GDP) and employing 1.7% of the total workforce in 2016. The sector’s gross value added ...READ MORE
The manufacture of food, beverage and tobacco products in Romania accounted for 5.18% of the whole economy and 23.54% of the manufacturing sector in terms of gross value added in 2015. The market output of food and beverages reached RON 51.96bn in ...READ MORE
Hungary’s food and beverage industry accounted for 4.6% of the total gross output and for 2.2% of the gross value added of the economy in 2016. The industry is a significant part of the manufacturing sector, accounting for 11.5% of its gross ...READ MORE
The growth in China’s beverage sector remained stable in Q2 2017, driven by the growing sales of baijiu, beer and juice. The production of baijiu increased by 7.2% y/y to 3.5bn litres and the volume of sales rose by 7.6% y/y to 3.3bn litres due ...READ MORE
The food sector is strategic for China’s economy as it provides sustenance to almost 20% of the world’s population and serves as an impetus for many other sectors like agriculture, transportation, machinery and vehicle manufacturing, and ...READ MORE
Food manufacturing is one of the key branches of the Polish economy as food output accounted for 11% of the country’s GDP in 2016. Poland has traditionally been a farming country but it has recently started to shift its focus on healthier and ...READ MORE