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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 transform🐭ation 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 alc🐠oholic 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 acceleration of economic activity, driven to a large extent by higher household consumption, was the main driver 🍸of the food and beverage sector in 2017. The sector’s production value grew by 4.9% y/y to HUF 2,981.7bn. Food manufacturing, ...
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Hungary’s food and beverage industry accounted for 4.6% of the total gross output and for 2.2% of the gross value added of the economy in 2016. The indust𓃲ry is a significant part of the manufacturing sector, accounting for 11.5%🍌 of its gross ...
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