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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.
The revenue of China’s food sector in Q1 2021 reached RMB 489.2bn, up by 23% y/y, driven by increased sales and prices of some major foods. The total profit of the food sector in January-March 2021 soared by 37.8% y/y ...
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Brazil’s food and beverage sector is of great importance to the country’s external trade, employment and GDP. According to the Brazilian Association of Food Industries (ABIA), the sector’s revenues accounted for 10.6% of ...
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Turkey has a well-developed food and beverages sector, serving a young and growing population of over 84mn. In addition to the large domestic market, the sector serves a large number of foreign tourists, rising by 14.2% y/y to 45 ...
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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-December 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 plummeted 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 sector 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 been 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 beverage producers and has a substantial share of the global export markets in various 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, soybean 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 the food sector in July-September 2020 surged by 30.3% y/y to RMB 51.6bn. The positive outcomes ...
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