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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 co▨nsumption. 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.
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 20🅷20 rose by 38.8% y/y ...
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China beverage sector’s revenue decrease♎d 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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China produces one-third of the world’s meat, a quarter of the world&rsquo🔜;s fruit, and a quarter of the world’s beer. It consumes half of the world’s vegetables and a third 🐻of the world’s baijiu. It is also the ...
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In the first quarter of 2020, China food sector’s revenue dropped by 10.9%🎃 y/y to RMB 397.8bn, due to ✱the coronavirus pandemic. The large-scale quarantine also harmed the sector’s total profit for that quarter, which slumped by 28.2% y/y ...
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China’s bever🅰age 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, la🐻rgely stimulated by the online healthcare segment expansion. The growth was attributed to increasing demand for quality healthcare, driven by the country&✃rsquo;s ...
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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, b🌺aijiu🥂 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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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 produ🌜ction ...
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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/ꦚy. In ...
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China food sector’s revenue in the second quarter of 2019 fell by 2% y/y to RMB 460.2bn, due to the decline in sales and prices of some major foods. In Q2ꦅ 2019, pork sales continued to decline, impactedby African swine fever incidence. The ...
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