Exploring the latest trends affecting the sector, in this article multidiscipline dealmakers GS Verde Group examine UK food & drink manufacturing investments, as indicated by data platform Beauhurst, and discuss the future scope of the sector.
From the iconic green and gold tins of Lyles Golden Syrup to newer brands such as Gousto or Quorn, the UK's food and drink manufacturing sector is not just one of historic and cultural importance, but also the largest manufacturing division contributing to the nation's economy.
Making up 20% of total manufacturing sales, food production has also showed the largest value increase up by £5.5 billion (7%) to £79.5 billion from 2020-21. The sector sustained growth through the global financial crisis in 2008, and again in the initial aftershocks of Brexit. This resilience will continue to be tested, as Britain forges new trade agreements and the long-term impacts of a global pandemic emerge.
Then there is the wave of modern consumer trends adding to food manufacturers' plate: shopping local, zero-waste, flexitarian and free-from foods, all of which connect to a widespread focus of reducing the environmental impacts of these processes.
Funding the feast
Data platform Beauhurst has tracked 3,369 high growth companies within the sector, with a reported turnover of £57.3 billion and some 281,000 employees.