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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 food sector revenue in the first quarter of 2018 dropped by 13.6% y/y to RMB 498bn, mainly due to decreased prices of pork. Pork prices in Q1 2018 slid by 9.9% y/y, as a result of declining live pig prices. The total profit of the food ...
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China beverage sector’s revenue declined for the second straight quarter in Q1 2018, reflecting lower sales volumes of soft drinks and baijiu. Beverage retail sales in Q1 2018 fell by 9.6% y/y to RMB 48.3bn. Baijiu sale volumes slumped by 20.3% ...
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China is the largest alcoholic beverage producer and consumer in the world, consuming one-third of the world’s spirits and a quarter of the world’s beer. Its beer production ranked first in the world for 14 consecutive years and the ...
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In Q4 2017, the revenue of China’s food sector declined by 21.9% y/y to RMB 550.7bn mostly due to lower food prices. Food prices went down by 1.4% y/y in 2017, mainly because of sufficient supplies of pork and fresh vegetables. In 2017 pork ...
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In the third quarter of 2017, the revenue of China’s food manufacturing sector was RMB 559.9bn, down by 7.2% y/y. The downward trend in overall food prices continued, however, the decline was slower compared to that in the first and second ...
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The growth of China’s beverage sector remained stable in Q3 2017, supported by increased sales of high-end baijiu. The total sales revenue of the 17 listed baijiu producing companies in Q3 2017 jumped by 55.6% y/y to RMB 40.2bn. All three ...
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China produces one-third of the world’s meat, a quarter of the world’s fruit and one-fourth of the world’s beer. It also consumes half of the world’s vegetables and a third of the world’s baijiu. In the first nine ...
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The growth in China’s beverage sector remained stable in Q2 2017, driven by the growing sales of baijiu, beer and juice. The production of baijiu increased by 7.2% y/y to 3.5bn litres and the volume of sales rose by 7.6% y/y to 3.3bn ...
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The food sector is strategic for China’s economy as it provides sustenance to almost 20% of the world’s population and serves as an impetus for many other sectors like agriculture, transportation, machinery and vehicle manufacturing, and ...
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The food sector is strategic for China’s economy as it provides sustenance to almost 20% of the world’s population and serves as an impetus for many other sectors like agriculture, transportation, machinery and vehicle manufacturing, and ...
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