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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 ꦫdairy 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.
Thailand has a long-established reputation for being the “kitchen of the world”, with its food and beverage producers reaching consumers worldwide. Thailand is Aꦇsia’s second-largest net food exporter. The country ...
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The revenue of China’s food sector in Q1ꦓ 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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The revenue of China’s beverage sector rose by 3.3% y/y to RMB 390.4ꦐbn 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 t💟o RMB 47.5bn. In Q4 2020, the production of ...
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The Indonesian food and beverage (𝓡F&B) manufacturing sector contributed 6.4% to the country’s n𒁏ominal 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 subs🍃tantial share of the global export markets in various categories, including rice, sugar, eggs, and beef (buffalo meat). Nevertheless, ...
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The revenue of ꧒China’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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Tꦛhe revenue of China’s beverage secto𓂃r 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 2ꦏ.3% y/y 💯in the first three quarters of 2019. The Philippines’ rapidly growing food and beverage ...
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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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