According to GlobalData’s database, there were $5.6 billion in total food industry deals announced in December 2019. The value marked an increase of 40.1% over the previous month and a rise of 114.5% when compared with the last 12-month average of $2.6 billion. However, in terms of the number of deals, the sector saw a drop of 32.8% over the previous 12-month average with 45 deals against the average of 67 deals. In value terms, North America led the activity with deals worth $4.3 billion.
The top five food deals accounted for 97.8% of the overall value during December 2019. The combined value of the top five food deals stood at $5.4 billion.
The top five industry deals of December 2019 tracked by GlobalData were as follows:
The latest research from Mintel shows that after several years of growth, the foodservice industry is expected to decline by up to 30% from 2019 to 2020, following nationwide dine-in bans/restrictions, restaurant closures, job losses, and lowered consumer confidence.
The latest research from Mintel shows that after several years of growth, the foodservice industry is expected to decline by up to 30% from 2019 to 2020, following nationwide dine-in bans/restrictions, restaurant closures, job losses, and lowered consumer confidence.
According to Innova Market Insights’ COVID-19 Consumer Survey (conducted in March 2020), in China, India, and Indonesia, personal concerns center on health, personal income, and the availability of healthcare and products to buy.
According to Innova Market Insights’ COVID-19 Consumer Survey (conducted in March 2020), in China, India, and Indonesia, personal concerns center on health, personal income, and the availability of healthcare and products to buy.
COVID case surges across the United States and the subsequent rollbacks in re-opening plans have stalled the U.S. restaurant industry’s recovery, reported The NPD Group.