Food and Beverage Industry Update - Q3 2024

In Q3 of 2024, the number of closed deals in the food and beverage sector remained relatively flat quarter-over quarter, but saw an increase of 26.8% year-over-year with a total of 104 deals compared to 82 in Q3 of 2023. This uptick in deal volume can be attributed to interest rate stabilization, overall M&A market recovery, and attractive consumer trends, bringing increased private equity interest in the food and beverage space. Strategic acquirers remained the most active when compared to private equity-backed buyers, with health focused beverage companies as a key focus in the food and beverage sector, and wineries remaining a focus in the alcoholic beverage sector.