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:
Nestlé Waters has announced that the entire plastic bottle range for the Swiss mineral water brand Henniez is now made of 75% recycled PET plastic (rPET).
Ardent Mills, a flour-milling and ingredient company, has announced its acquisition of Andean Naturals’ quinoa sourcing, cleaning, and packaging operation in Yuba City, Calif.
Dow has launched its call for entries for the 2020 Packaging Innovation Awards, an annual competition to recognize original thinking that is transforming the packaging landscape through enhanced user experience and improved sustainability.
The Food and Agriculture Organization (FAO) has launched the United Nations’ International Year of Plant Health (IYPH) for 2020, which aims to raise global awareness on how protecting plant health can help end hunger, reduce poverty, protect the environment, and boost economic development.
A study published in the American Journal of Agricultural Economics calculated that American households waste, on average, almost a third of the food they acquire—a value of $240 billion annually or $1,800+ per household/year.