The global food & beverage industry was growing with a modest growth rate all across the globe. The food & beverage industry includes the companies working in processing raw food materials, packaging, and distribution of food along with alcoholic and non-alcoholic beverages. The increase in the number of on the go consumers and rising adoption of ready to eat food is some of the major factors for the growth of the food and beverage industry globally. Moreover, increasing population and per capita income and changing lifestyles were other factors augmenting the industry. Moreover, increasing meat & alcohol consumption, development of food supply chain are some contributing to the growth of the industry.

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The COVID-19 pandemic has severely impacted the food and beverage industry all across the globe. Though there was panic buying during the early lockdown, some disruption in the logistic has been observed due to a shortage of labor forces as lockdown introduced in many countries. Moreover, the shutdown of hotels, restaurants, and tourism sector has decreased the demand for food and beverage significantly in the first half of 2020 all across the globe. Besides, an upsurge in unemployment can be witnessed globally, which is further expected to reduce the consumption of food and beverages.

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The industry report is bifurcated into food and beverage segments. The food segment is further divided into wheat, coarse grain, rice, oilcrops, sugar, meat & meat products, milk and milk products, fishery products whereas the beverage segment is further divided into alcoholic beverages, carbonated soft drinks, dairy products, bottled water, and non-carbonated drinks. The whole food and beverage industry is impacted however the industry of meat, fisheries and its products has plummeted significantly.

The novel COVID-19 has impacted the food & beverage industry in all regions including North America, Europe, Asia-Pacific, and the Rest of the World. The US is the most affected country due to COVID-19, whereas Italy, Spain, Germany, France, and UK have been affected in Europe. Now, in May 2020 the governments in the countries are introducing new guidelines to operate public places which include maintaining social distancing and regular sanitization. The new cases related to COVID-19 in China, Japan, and South Korea have reduced significantly and the food and beverage industry is increasing again under strict surveillance in these countries.

The prominent players operating in the global food & beverage industry include The Coca-Cola Co., PepsiCo Inc., Anheuser-Busch InBev, Bunge Ltd., Heineken Holding N.V., JBS S.A., Nestlé S.A., The Coca-Cola Co., Tyson Foods, Inc., Wilmar International Ltd. among others.

Segmentation

Food

Wheat
Coarse Grain
Rice
Oil crops
Sugar

Meat & meat products

Milk and milk products
Fishery products

Beverages

Alcoholic Beverages
Carbonated Soft Drink
Dairy products
Bottled Water
Non-Carbonated Drinks (Fruit Juice, Nectars, Coffee, Tea)

Regional Analysis

North America

United States
Canada

Europe

UK
Germany
Italy
Spain
France
Rest of Europe

Asia-Pacific

China
India
Japan
Rest of Asia-Pacific

Rest of the World

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