Q4 2022 Food & Beverage Industry Update

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GCG’s Q4 2022 Food & Beverage Industry Update provides an overview of the latest trends in the sector, including recent performance, valuation multiples, and the state of the middle-market M&A environment.

Key findings include the following:

  • Most sectors in the Food & Beverage (“F&B”) industry experienced gains in the market in Q4 2022, strengthened by a 2.1% growth in consumer spending during the quarter and a 2.8% increase in food and beverage purchases. While a slowdown continues to be expected in 2023 due to widespread fears of a recession, consumer spending remains a strong point in the economy.
  • The Food Retail segment was the strongest performer in Q4 2022, recording a median increase of 16.1% in share price over the quarter.
  • Transaction volume in the F&B industry slightly increased in Q4 2022 compared to the previous quarter. However, transaction volume has decreased by 25% on a year-over-year basis. Average deal value normalized to levels achieved in Q2 following a significant rise in Q3.
  • The Packaged Foods and Meats category led activity in the industry, accounting for 35.6% of total volume. The Restaurant sector was active as well, comprising 26.1% of transaction volume.

Click here for the full update.

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