In Q2 2025, 60 transactions were announced in the food and beverage sector, representing a 20% quarter-over-quarter uptick in transaction volume. However, deal volume in the space continues to be relatively soft and is down 27% in comparison to Q2 2024. For the TTM period ending June 30, 2025, 260 transactions were announced in the food and beverage industry, which marks a 4.4% decline from the TTM period ending June 30, 2024.
Over the second quarter of 2025, several sizable deals were announced in the space despite muted deal activity—specifically in the better-for-you, general and nonalcoholic beverages categories. The most notable transactions announced in these segments include Castillo Hermanos’ acquisition of Harvest Hill Beverage Company, Post Holdings’ acquisition of 8th Avenue Food & Provisions and The Hershey Company’s acquisition of LesserEvil. The alcoholic beverages, general and nonalcoholic beverages categories were the most active this quarter, representing 57% of the total M&A volume.
Food and Beverage M&A Industry Valuation Data
Our Food and Beverage M&A Industry Insights–Summer 2025 report aims to identify trends and provide insights across the sector, focusing on key themes, issues and opportunities. To view additional valuation data and public company trading statistics, download our Food and Beverage M&A Industry Valuation Data–Summer 2025.
Download our Valuation Data
Stay Ahead with Kroll
Investment Banking
Kroll’s Investment Banking practice specializes in middle-market transactions, offering tailored M&A advisory and capital-raising services to private equity firms, corporations, and business owners.
Mergers and Acquisitions (M&A) Advisory
Kroll’s top ranked M&A Advisory practice spans sell-side, buy-side, due diligence, deal strategy and structuring, and capital raising.
Consumer, Food, Restaurant and Retail Investment Banking
Consumer, Food, Restaurant and Retail expertise for middle-market M&A transactions.