U.S. Food, Beverage and Nutrition Category Update – Spring 2020

The food, beverage and nutrition industry has shown nimbleness and adaptability to meet the acute needs of consumers amidst an unprecedented disruption of everyday life. This resiliency positions the category for long-term interest among strategic and financial buyers and investors.

The global outbreak of the coronavirus (COVID-19) has had a significant negative impact on economic activity and people’s everyday lives. Specifically in the U.S., the pandemic is impacting consumers and businesses by disrupting supply chains, travel, production and consumption; and threatening jobs, operations and financial markets. Many large and small businesses have been forced to close, which, according to The Goldman Sachs Group, has resulted in 45% of Americans realizing a loss of income, over 10 million new unemployment claims in the U.S. in March 2020, and an unemployment rate that is projected to reach 15% by mid-year. The rapid spread of the virus, lack of vaccines, shelter-in-place orders and unknown timeline of remediation have created an environment of uncertainty and changed the eating and spending habits of consumers across the U.S. The resulting recession will also weigh on the purchasing habits of consumers.

Read the report for insights on U.S. consumer, retail and commodity trends and an update on public markets and capital raising activity.