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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 beverage sector rose by 2.8% y/y to RMB 391.7bn in the third quarter of 2020, as some major beverages’ sales started to recover after the successful containment of the coronavirus outbreak. Beverage ...
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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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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 ...
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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 coronavirus 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 world’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, contributing 23% to national GDP. Thailand’s 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 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 ...
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