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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.
China’s beverage sector reported a significant decrease in revenue in the first quarter of 2020, due to the coronavirus pandemic. Beverage retail sales in January-March 2020 were down by 3% y/y to RMB 46.8bn. In Q1 2020, all alcoholic ...
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The growth of China’s healthcare sector continued in the last quarter of 2019, largely stimulated by the online healthcare segment expansion. The growth was attributed to increasing demand for quality healthcare, driven by the country’s ...
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The Indonesian food and beverage manufacturing sector is an important source of economic growth and is seen by the government as a strategically important industry. It contributed 6.3% to the nominal GDP in 2018 and expanded faster than the overall ...
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China’s beverage sector reported a significant revenue growth in the fourth quarter of 2019, driven by increased sales of soft drinks, baijiu and beer. Beverage retail sales in Q4 2019 were up by 3.5% y/y to RMB 55.1bn. Baijiu sales in ...
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India is one of the global leaders in the food and beverage industry, with prominent positions in the production of dairy, meat products, refined sugar and spirits. The GVA of the food and beverage sector is consistently growing but challenges such ...
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China’s beverage sector reported significant revenue growth in the third quarter of 2019, driven by increased sales of soft drinks. The sales of soft drinks in July-September 2019 surged by 27.2% y/y to 54.4mn tonnes. Likewise, the production ...
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China food sector’s revenue grew by 16.2% y/y to RMB 472bn in the third quarter of 2019, as a result of the increase in sales and prices of some major foods. In the first nine months of 2019, the price of meat increased by 15.1% y/y. In ...
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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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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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Physical retail in Thailand is still growing, in contrast to the situation in many developed countries, which has triggered ruminations about a possible “retail apocalypse.” Thailand remains a growing, upper-middle income country, and ...
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