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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, froz🌠en 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 and beverage sector in Russia takes a relatively small share in the eco🎃nomy but is a significant contributor to foಌreign 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). Factors𒁃 contributing to the industry expansion are economic development, evolution of needs ...
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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 ꦇsector in April-June 2020 rose by 38.8% y/🗹y ...
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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 coro𓂃navirus pandemic. Beverage retail sales in April-June 2020 increased by 9.4% y/y to RMB 55.9bn, ...
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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 worldಌ’s baijiu. It is also the ...
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Thailand’s food and beverages sector, among the most developed in the world, is the country’s third-largest by value, co♈ntributing 23% to national GDP. Thailand’sꩵ major food exports include rice, canned tuna, sugar, meat, cassava ...
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The food and beverage industry is one of the largest sectors in the Colombian econom✤y. 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 ...
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In the first quarter of 2020, China food sector&♚rsquo;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 ...
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China&rs👍quo;s beverage ꦜsector 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 ...
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The growth of China&rsq🐭uo;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 health𝕴care, driven by the country’s ...
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