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. 

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. 

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. Moreover, alcoholic beverages, carbonated soft drinks, and milk demand have been also decreased significantly due to reduced consumption at restaurants and tourist places. 

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. However, in developing economies such as India, Brazil, Mexico, Indonesia, the cases related to COVID-19 are continuously increasing and causing logistic problems to the food industry. 

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. Due to the outbreak of the pandemic coronavirus, these companies are largely affected. For instance, many countries all across the globe have banned the selling of alcohol during the lockdown. It includes South Africa, India, Greenland, Aisne in France, and Thailand. 

Research Methodology

OMR global recently published a report addressing the impact of COVID-19 on the global food & beverage industry. The study is incorporated by extensive primary and secondary research conducted by the research team. Different approaches have been worked on to derive the industry value and industry growth rate. In the report, the analysis of the country is provided by analyzing various regional players, laws and policies, consumer behavior, and macro-economic factors. The report includes analysis of different regions and countries and the effect of COVID-19 on the food and beverage industry of each respective region. Primary research has been conducted to refine the available data. Besides, an expected recovery timeline of the industry will also be included with the best- and worst-case scenario which will aid clients to take their future steps in the decision-making process. 

Sources Include

• Financial reports of companies involved in the industry
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog
• Government Organizations Reports

The report provides an in-depth analysis on industry size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the industry thoroughly integrating different models.

The Report Covers

• Comprehensive research methodology of the global food & beverage Industry.
• This report also includes a detailed and extensive industry overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the industry guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global food & beverage industry.
• Insights about industry determinants which are stimulating the global food & beverage industry.
• Detailed and extensive industry segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of industry players.