Steady growth despite higher input costs and labour shortages
Agrifood is a highly integrated value chain, spanning from upstream farming to food processing downstream, including both alcoholic and non-alcoholic beverages. Historically speaking, the agriculture food industry has rarely suffered from any sudden increase in level of uncertainty because of its steady consumption nature, driven by the rise in global population and disposable income. Evidently, global food and beverage sales registered a growth of 11% in 2021 and eyeing another 9% increase in 2022.
After three poor performing years leading up to the pandemic, the agriculture industry has been benefiting from the recovery in food commodity prices, especially cereals and oilseeds. However, new trends in the sector have surfaced, adding on the impact of the ongoing conflict between Russia and Ukraine, where does the sector go from here? Download our report today to find out key sector risks and opportunities across the Asia Pacific region.