Record food and drink acquisitions despite economic uncertainties

Record food and drink acquisitions despite economic uncertainties
Credit: Shutterstock.com/ pichetw

Despite economic and political uncertainty, 2019 broke records again for the number of food and drink transactions around the world.

There was 789 registered food and drink transactions registered on Zenith Global’s mergers and acquisitions database – an average of 15 each week.

This is 12 more than in 2018 and 41% higher than 5 years ago. The number has increased every year since a dip in 2013.

The top 15 sectors were the same as in 2018, with the exception of CBD replacing confectionery. The combination of plant-based (15) with dairy-free (14) and meat-free (11) totalled 40. Bottled water and water coolers added up to 23. Vertical farming was a newcomer with 8.

The biggest increases were for CBD (+19) and beer (+15). Many of the main categories saw declines, led by services (-19), confectionery (-18) and wine (-9).