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 Chinese food sector’s revenue in the second quarter of 2020 reached RMB 501.4bn, up by 8.9% y/y, driven by increased sales and prices of some major foods. The total profit of the food sector in April-June 2020 rose by 38.8% y/y ...View more details
China beverage sector’s revenue decreased by 0.1% y/y to RMB 383.9bn in the second quarter of 2020, reflecting the fallout of the coronavirus pandemic. Beverage retail sales in April-June 2020 increased by 9.4% y/y to RMB 55.9bn, ...View more details
China produces one-third of the world’s meat, a quarter of the world’s fruit, and a quarter of the world’s beer. It consumes half of the world’s vegetables and a third of the world’s baijiu. It is also the ...View more details
Thailand’s food and beverages sector, among the most developed in the world, is the country’s third-largest by value, contributing 23% to national GDP. Thailand’s major food exports include rice, canned tuna, sugar, meat, cassava ...View more details
The food and beverage industry is one of the largest sectors in the Colombian economy. Between 2014 and 2019, the sector’s GVA rose at a CAGR of 2.03%, boosted by growing domestic demand and higher household incomes. The best-performing segment ...View more details
In the first quarter of 2020, China food sector’s revenue dropped by 10.9% y/y to RMB 397.8bn, due to the coronavirus pandemic. The large-scale quarantine also harmed the sector’s total profit for that quarter, which slumped by 28.2% y/y ...View more details
China’s beverage sector reported a significant decrease in revenue in the first quarter of 2020, due to the coronavirus pandemic. Beverage retail sales in January-March 2020 were down by 3% y/y to RMB 46.8bn. In Q1 2020, all alcoholic ...View more details
The growth of China’s healthcare sector continued in the last quarter of 2019, largely stimulated by the online healthcare segment expansion. The growth was attributed to increasing demand for quality healthcare, driven by the country’s ...View more details
The beverages sector was responsible for around 1.4% of the GDP in 2018 and generated more than 300,000 direct and indirect jobs. Poland is a significant alcoholic and non-alcoholic beverages producer. It ranks first among EU vodka producers, third ...View more details
The Indonesian food and beverage manufacturing sector is an important source of economic growth and is seen by the government as a strategically important industry. It contributed 6.3% to the nominal GDP in 2018 and expanded faster than the overall ...View more details