We’re excited to present our latest sector update highlighting key themes we are tracking across food and beverage categories in 2024!

Here’s a preview of what you’ll find inside:

Forecasts and Projections for 2024: The industry is poised for M&A volume growth as strategics have amassed record cash reserves, sponsors hold unprecedented dry powder, and the prospect of falling interest rates is expected to improve M&A market conditions.
Key Value Drivers / Considerations: Pandemic changed investors perspectives on a variety of issues including benefits of owning manufacturing, branded investments relative to B2B sectors such as private label / co-manufacturing, and the importance of growth relative to profitability.
Sectors / Categories to Watch: Segments with notable recent deal activity that are anticipated to remain active in 2024 include: ethnic foods, frozen foods, baked goods, ingredients/flavors, and distribution.
Looking Back on 2023: Despite market challenges, Intrepid’s food and beverage team had a strong year, characterized by robust activity in essential sectors.

Consider these insights for the year ahead!