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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 o♏f 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 revenue of China’s beverage sector rose by 3.3% y/y to RMB 390.4bn in the fourth quarter of 2020, driven by increased sales of high-end baijiu and grape wine. Beverage retail sales in October-Dece💖mber 2020 surged by 19 ...
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The revenue of China’s food sector in the fourth quarter of ♓2020 reached RMB 549bn, down by 4% y/y. The total profit of the food sector in October-December 2020 ꦫplummeted by 23.8% y/y to RMB 47.5bn. In Q4 2020, the production of ...
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The GVA of the manufactured food products sect🐈or in Poland in 2019 stood at PLN 49.7bn and accounted for 2.5% of the country’s total GVA. The output value of the sector was PLN 247.2bn, which represented 10.9% of the economy’s ...
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The Indonesian food and beverage (F&B) manufacturing sector contributed 6.4% to the country’s nominal GDP in 2019. The significance of the sector for Indonesia’s economy has be♉en proven by the fact that F&B is one of ...
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India is one of the world’s most significant food and bever🏅age producers and has a substantial share of the global export markets in var🉐ious categories, including rice, sugar, eggs, and beef (buffalo meat). Nevertheless, ...
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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 global producers of vegetable oils, soyb൩ean by-products, pasta and wine. The sector plays a key role in the ...
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The revenue of China💖’s food sector in the third quarter of 2020 reached RMB 511.7bn, up by 8.4% y/y. The total profit of t🍒he food sector in July-September 2020 surged by 30.3% y/y to RMB 51.6bn. The positive outcomes ...
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The revenue of China’s beverage sector rose by 2.8% y/y to RMB 391.7bn in the third quarter of 2020, as some major beverages’ s꧅ales started to recover after th𝓰e successful containment of the coronavirus outbreak. Beverage ...
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The Philippine manufacturing sector contributed approximately 23% of the countryღ’s GDP as of Q3 2019 – and&nbs🌺p;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 domest𓆏ღic GDP. The sector attracted USD 2.5bn in foreign ...
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