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.
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 ...View more details
In Q3 2018, total retail sales of consumer goods in China rose by 3.8% y/y to RMB 9,428bn, following a 3.7% y/y increase in Q2. Higher retail sales were fuelled by rising incomes and higher consumption expenditure per capita, which rose by 7.9% y/ y ...View more details
China food sector’s revenue in the third quarter of 2018 slumped by 27.5% y/y to RMB 406.1bn, mainly due to declined prices of meat and refined edible vegetable oil. Meat prices in the first nine months of 2018 slipped by 5.3% y/y because of a ...View more details
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 ...View more details
Thailand is the world's 51st-largest country by area, the 20th-biggest by population, and the 28th-largest in terms of the size of its economy. Its food and beverages sector, among the most developed in the world, is the country’s third-largest ...View more details
The importance of the food manufacturing industry has always been crucial for the Polish economy's history and this has not changed nowadays: in 2016, the food sector's GVA was 2.7% of Poland’s total GVA and 2.39% of the country’s GDP, ...View more details
The beverages sector was responsible for around 3.3% of the GDP in 2017 and generated more than 300,000 direct and indirect jobs. Enterprises from the sector that employ more than nine persons each have a combined workforce of 22,000 people. Poland ...View more details
One of the world’s top 10 food producers, Turkey has a developed food and beverage industry, which both supplies a population of over 80mn and exports. The food and beverage processing sector accounts for 12.7% of Turkey’s total ...View more details
The revenue of China’s food sector in the second quarter of 2018 dropped by 24.8% y/y to RMB 469.4bn, mainly due to decreased prices of meat and refined edible vegetable oil. Meat prices in Q2 2018 slid by 6.6% y/y because of a decline in pork ...View more details
The revenue of China’s beverage sector continued to decline in the second quarter of 2018, mainly due to decreased sales of soft drinks and baijiu. Beverage retail sales dropped by 12.3% y/y to RMB 50bn in Q2 2018. Baijiu sales volume plunged ...View more details