Food and Beverage Report
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Report introduction: Food and Beverage Report
The Food & Beverage Industry includes all the companies involved in transforming raw agricultural goods into consumer food products and its supply chain includes food processing, packaging, and distribution. The main trends in this sector can be outlined in 6 topics:
1) Plant-based food
2) Healthier food
3) Industry 4.0 technology
4) Food safety and transparency
6) Home-made convenience
Starbucks Corporation (US) represents the leading food and drink company in the market: in 2021, the coffee shop chain generated sales of approximately 30 billion U.S. dollars. At second place the contract food service company Compass Group PLC (UK), with sales of about 24 billion U.S. dollars.
The food technology market size worldwide was valued at 220 billion U.S. dollars in 2019 and it is forecasted that will exceed 342 billion U.S. dollars by the end of 2027. Furthermore, in terms of unicorn companies:
1) Asia is the 1st country in the world in terms of combined unicorns value: 274 billion dollars
2) Europe has the lowest combined unicorns value of 92 billion dollars.
3) Americas have a combined value of 193 billions dollars.