GCG’s Q1 2023 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:

• All sectors in the Food & Beverage (“F&B”) industry experienced gains in the market in Q1 2023, reinforcing predictions of 5.5% growth in food and beverage purchases for 2023. The sector has remained resilient through the recent banking crisis and fears of an upcoming recession as consumers have switched from purchasing premium products to cheaper private-label alternatives.
• The Food Retail segment was the strongest performer in Q1 2023, recording a median increase of 5.6% in share price over the quarter.
• Transaction volume in the Food & Beverage industry slightly decreased in Q1 2023 compared to the previous quarter. Transaction volume also decreased by 28% on a year-over-year basis.
• The Packaged Foods and Meats category led activity in the industry, accounting for 33.8% of total volume. The Restaurants sector was active as well, comprising 28.4% of transaction volume.

Click here for the full update.

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