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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 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 revenue of China’s beverage sector jumped by 29.1% y/y to RMB 409bn in Q1 2021, driven 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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The revenue of China’s food sector in Q1 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 390.4bn 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 to RMB 47.5bn. In Q4 2020, the production of ...
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The revenue of China’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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The revenue of China’s beverage sector 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 Chinese food sector’s revenue in the second quarter of 2020 reached RMB 501.4bn, up by 8.9% y/y, driven by increased sales and prices of some major foods.? The total profit of the food sector in April-June 2020 rose by 38.8% y/y ...
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China beverage sector’s revenue decreased by 0.1% y/y to RMB 383.9bn in the second quarter of 2020, reflecting the fallout of the coronavirus pandemic. ?Beverage retail sales in April-June 2020 increased by 9.4% y/y to RMB 55.9bn, ...
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