Belgian Food & Beverage Sector M&A Snapshot
Future of Food Review
Consumers’ food preferences are changing rapidly, resulting in increased M&A activity in the Belgian food and beverage industry over the last few years. In the first of our series of Belgian Future of Food Sector M&A Snapshots, we examine private equity and strategic investment activity in and by the sector, zooming in on 2022 and the first half of 2023.
Globalisation, health and sustainability concerns, and technological advancements and innovations are changing consumer preferences around the world. These changes are also impacting the Belgian food culture, habits, and economy.
Excluding a dip in 2020, from 2019 to 2022 M&A activity in the Belgian food and beverage market increased by 22.2%, and 2023 is expected to be a record year in terms of the number of deals.
The majority of the transactions, as well as the those Future of Food related, are driven by strategic buyers. Since the pandemic, financial investors have also embraced the market, targeting more Future of Food-related companies compared to traditional F&B targets.
The number of cross-border transactions peaked in the first half of 2023 at more than 85%, compared to 64% in FY19 (pre-COVID).
We invite you to read the snapshot to learn more about the M&A activity in Belgium and discover the six key segments that are influencing the Belgian M&A Future of Food market.
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