The briefing examines how the food, beverages and tobacco industry is performing globally and in the largest countries in terms of food, beverages and tobacco output. The report also provides data for production, market size, imports, exports, industry costs, industry profitability and number of companies. The industry and market overview provide benchmarks against other countries in the region.
Delivery
This report comes in PPT.
Key Findings
Industry forecast to maintain stable growth, aided by stronger consumer income gains
The industry is forecast to maintain production value growth, bolstered by the faster real wage growth of consumers. North America, Europe and Asia are forecast to remain the largest regions and will drive production value growth in the industry. However, persistent cost pressures and potential supply chain disruptions, due to the changing global trade landscape, will remain among the challenges.
Changing trade landscape threatens to impact established supply chains
The changing global trade landscape will impact the food and beverages sector and will result in increased price volatility for agricultural commodities. In response, food and beverages companies are expected to diversify their supplier bases, regionalise their supply chains and use hedging measures to better shield themselves from cost pressures.
China’s food processing sector to maintain growth, despite challenges
China’s food and beverages industry remains the world’s largest and most dynamic, fuelled by its massive consumer base, rapid urbanisation and evolving health preferences. Despite short-term economic uncertainty, the industry is forecast to see growth pick up over the period to 2029, fuelled in part by premiumisation and more health-conscious consumer choices.
Strong bargaining power helps to maintain stable profit margins
Industry is forecast to maintain stable profitability, despite the persistent cost pressures. On the demand side, strong demand in emerging markets and weaker inflationary pressures on consumer incomes will help to maintain stable profits. Investment in production efficiency and improved supply chain management will also help to better shield companies from cost pressures.
Scope
Key findings
Industry maintains steady growth, supported by strong consumer demand
China and the US will remain the leaders, but are forecast to show moderate growth
Cost pressures in the industry persist, largely driven by wage increases
Industry forecast to maintain stable profits
The US and the EU remain the largest exporters of food products
The US and China are the largest importers of food products
Key trends shaping the industry in 2025 and beyond
Key trends uncovered
Macroeconomic/industry trends
Leading companies continue to hold their positions
India and US drive new company growth, while other markets see consolidation
Industry remains fragmented, due to low entry barriers
China: Industry growth forecast to accelerate over 2025-2029
Industry forecast to maintain steady growth, backed by middle class consumers
US: Industry projected to maintain steady growth
Industry forecast to maintain growth, but rising uncertainty impacts the outlook
Brazil: Industry forecast to recover
Improving domestic demand and export opportunities forecast to lift industry’s growth
Germany: Industry forecast to show steady growth
Industry forecast to show stable growth, backed by domestic demand
Japan: Industry growth forecast to pick up
Industry forecast to maintain growth, although inflationary pressures are a worry
Indonesia: Industry’s growth forecast to accelerate
Rising domestic demand to drive faster growth of the industry
India: Industry forecast to maintain rapid growth
Industry is forecast to show rapid growth, driven by strong domestic demand
Mexico: Industry’s short-term outlook is clouded by economic and trade uncertainty
Uncertainty hurts short-term performance, but long-term outlook remains positive
France: Industry forecast to show slightly slower growth
Industry to maintain growth, but changing trade landscape to hurt high-value exports
Definitions
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