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 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 and beverages accounted for over 22% of the consumption expenditure of Czech households in 2015. The food and beverages sector’s gross value added (GVA) amounted to CZK 83.4bn in 2015, accounting for 2% of the economy’s total GVA and ...READ MORE
China is the largest alcoholic beverage producer and consumer in the world, consuming one-third of the world’s spirits and a quarter of the world’s beer. Its beer production ranked first in the world for 14 consecutive years and the ...READ MORE
India is one of the global leaders in the food and beverage industry, with prominent positions in the production of dairy, meat products, refined sugar and spirits. The gross value added (GVA) of the food and beverage sector expanded at a CAGR of 4 ...READ MORE
China is the largest alcoholic beverages producer and consumer in the world, consuming one-third of the world’s spirits and a quarter of the world’s beer. Its beer production ranked first in the world for 14 consecutive years and the ...READ MORE
The food sector is a strategic sector for China’s economy as it provides sustenance to almost 20% of the world’s population and provides impetus for many other sectors like agriculture, transportation, machinery and vehicle manufacturing, ...READ MORE
Food and beverage manufacturing and food service provided 6.0% and 2.5%, respectively, of the country’s GDP in 2015. These activities employ several million people in Thailand and account for significant portions of household expenditure. In ...READ MORE
The food and beverage industry is among the largest economic sectors in Mexico, accounting for 4.6% of the country's GDP, 2.8% of national exports, 8% of total FDI and 1.5% of formal employment in the country in 2015. Over the period 2010-2016, the ...READ MORE
Turkey is agriculturally self-sufficient with a climate suitable for farming and an export-oriented economy which represents a stable base for the development of the food processing and beverage industry. Food and beverage spending is the ...READ MORE
The food and beverage industry is the largest sector of Brazilian manufacturing, accounting for more than a quarter of its value added and about 3% of the country’s GDP in 2016, according to the Brazilian Association of Food Industries (ABIA). ...READ MORE