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.
China food sector’s revenue in the second quarter of 2019 fell by 2% y/y to RMB 460.2bn, due to the decline in sales and prices of some major foods. In Q2 2019, pork sales continued to decline, impactedby African swine fever incidence. The ...View more details
The revenue of China’s beverage sector continued to decline in the second quarter of 2019, mainly due to decreased sales of alcoholic beverages. Baijiu sales in April-June 2019 plunged by 19.6% y/y to 1.8bn litres. Baijiu ...View more details
The F&B sector is a pillar of the Malaysian economy, propelled both by robust domestic demand and healthy exports. The country is a regional halal F&B export major which is an additional advantage. The F&B sector has a mixed of ...View more details
The revenue of China’s beverage sector continued to decline in the first quarter of 2019, mainly due to decreased sales of soft drinks and baijiu. Beverage retail sales in Q1 2019 were down by 0.1% y/y to RMB 48.2bn. Baijiu sales in ...View more details
China food sector’s revenue in the first quarter of 2019 fell by 10.3% y/y to RMB 446.7bn, mainly due to the decline in some major food prices. In Q1 2019, pork price slid by 1.2% y/y. The prices of aquatic products and refined edible vegetable ...View more details
Turkey has a well-developed food and beverage industry, which serves a population of over 82mn and around 40mn tourists annually. The sector accounts for almost 14% of Turkey’s total industrial production and is among the few having a positive ...View more details
The manufacturing industry in the Philippines is the top contributor to the country’s economic growth, and the food and beverage (F&B) sector is among the largest contributors within the manufacturing industry. The F&B sector accounted ...View more details
The food and beverage industry is one of the largest sectors in the Colombian economy, responsible for 3.4% of the country’s GDP in 2018. Between 2013 and 2018, the sector’s GVA rose at a CAGR of 2.1%, supported by growing domestic demand ...View more details
The acceleration of economic activity, driven to a large extent by higher household consumption, was the main driver of the food and beverage sector in 2017. The sector’s production value grew by 4.9% y/y to HUF 2,981.7bn. Food manufacturing, ...View more details