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Food and beverage production
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’s beverage sector reported significant revenue growth in the third quarter of 2019, driven by increased sales of soft drinks. The sales of soft drinks in July-September 2019 surged by 27.2% y/y to 54.4mn tonnes. Likewise, the production ...
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China food sector’s revenue grew by 16.2% y/y to RMB 472bn in the third quarter of 2019, as a result of the increase in sales and prices of some major foods. In the first nine months of 2019, the price of meat increased by 15.1% y/y. In ...
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The Philippine manufacturing sector contributed approximately 23% of the country’s GDP as of Q3 2019 – and grew by 2.3% y/y in the first three quarters of 2019. The Philippines’ rapidly growing food and beverage ...
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Food and beverage manufacturing is among the leading economic sectors in Mexico. In 2019, it accounted for 21% of total manufacturing output value and 4.5% of domestic GDP. The sector attracted USD 2.5bn in foreign ...
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The food and beverage sector in Russia takes a relatively small share in the economy but is a significant contributor to foreign trade deficit. In 2019, the sector’s gross value added (GVA) accounted for 3.4% of the country’s ...
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The F&B sector is one of the high-potential industries in Malaysia, according to the Department of Statistics Malaysia (DOSM). Factors contributing to the industry expansion are economic development, evolution of needs ...
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Argentina is recognised worldwide as one of the major producers and exporters of food and beverages, ranking among the ten biggest producers of vegetable oils, soybean by-products, pasta and wine on a global scale. The food and beverage sector plays ...
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Physical retail in Thailand is still growing, in contrast to the situation in many developed countries, which has triggered ruminations about a possible “retail apocalypse.” Thailand remains a growing, upper-middle income country, and ...
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The food and beverage industry is the largest manufacturing sector in Brazil, accounting for about a quarter of its value added and for 2.4% of the country’s GDP in 2018, according to the Brazilian Association of Food Industries (ABIA). ...
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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 ...
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