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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, asꦛ 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 Philippines’ food and beverage (F&B) sector is a vital cog in the country’s consumption-driven economy൩. On the one hand, it supplies food and beverages to roughly 100mn Filipinos and offers jobs to both skilled and unskilled ...
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The revenue of China’s food sector in Q3 2021 reached RMB 518.6bn (up by 1.4% y/y), driven by increased sales and prices of some significant foods. The total 🔯profit of the food sector in July – September 2021 ...
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The revenue of China’s food sector in the second quarter of 2021 reached RMB 507.ꦫ1bn, up by 1.1% y/y, driven by increased sales and prices of some major foods. The total profit of the food sector in April-June 2021 plunged by 24.2% ...
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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. Additionally, it consumes half 🏅of the world’s vegetables and a third of the world’s baijiu. It is also ...
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The F&B sector is identified as a fast-growing industry in Malaysia, dominated by small and medium enterprises&nbs🎃p;(SMEs). According to Food and Beverage Industry – Malaysia 2020 report by Flanders Investment a🌜nd Trade, the F&B ...
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The revenue of China’s beverage sector jumped by 29.1% y/y to RMB 409bn in Q1 2021, drive♒n by increased sales. Beverage retail sales for the same period surged by 37.8% y/y to RMB 64.4bn. The sector’s total profit reached RMB 76 ...
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