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Food and drink mergers and acquisitions (M&A) activity reached the highest deal volume since 2016 this year, but the value of deals continued to decline ion the face of lingering macroeconomic headwinds.
As demand for meat and poultry continues to grow, Food Manufacture explores what is driving sales of animal-based protein and whether or not the advent of cell-based meat is truly the herald of things to come, or a half-baked pipedream limited by a lack of resources.
The cell-cultured meat is likely to see the same consolidation process playing out in the plant-based protein sector as the funding tightens.
The number of M&A deals in the UK food and drinks industry fell by almost a fifth in 2022, according to corporate advisors Oghma Partners.
The number of M&A deals in the UK food and drinks industry fell by almost a fifth in 2022, according to corporate advisors Oghma Partners.