Join the Table: Food and Beverage Industry Expected to Grow to $11.97 Billion by 2026

Food and Beverage industry Expected to grow to $11.97 billion in 2026

The Business Research Company’s “Food And Beverage Industry Pumps Global Market Report 2022” forecasts the food and beverage industry pumps market is expected to grow from $8.72 billion in 2021 to $9.28 billion in 2022 at a compound annual growth rate (CAGR) of 6.4%.

The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, affecting many markets across the globe.

The food and beverage industry pumps market is expected to grow to $11.97 billion in 2026 at a compound annual growth rate (CAGR) of 6.6%.

Increasing demand for meat and poultry is expected to propel the growth of the food and beverage industry pumps market going forward.

On the other hand, according to MATRADE, food and beverage sector contributed RM25 million, or 60% of the total sales of the Electronic Business Linkage Programme in 2021.

F&B industry is one of the most rapidly growing sectors in the world and Malaysian exporters have a distinct advantage with its rich culture and world-renowned halal standard. Food and beverage are also the largest online consumer packaged goods (CPG) segment in the global market.

Riding on the momentum of 3rd MySMEexport FORUM, Exabytes is going to organize an Exclusive Food & Beverages B2B Group Connect Session to facilitate exchange of ideas, connections and collaborations among Malaysian F&B traders and manufacturers.

Participants can raise and discuss the issues facing and exchange experience and knowledge to each other’s.  Besides, there’ll be also representative from MATRADE, Global Ecommerce Experts, International Certification Experts, as well as Digital Marketing Experts who joining this event.

So, if you are looking for ideas or opportunity for your business, let our specialist provide you the best solution.