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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.
Colombia’s food and beverage sector is a major contributor to the country’s economy. The domestic GDP growth is highly dependent on household consumption. According to data from the Central Bank of Colombia, in 2017, 62.9% of ...
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The value added of Colombia’s food and beverage sector expanded at a CAGR of 2.5% over the period 2010-2015, supported mainly by rising household income and the expanding product portfolio of local producers. The sector was among the major ...
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