CRB’s newest Horizons report captures how automation, digital maturity shapes F+B as it wrestles with dynamic forces shaping labor and consumer expectations.
According to the report, the size was valued at $53.69 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.
Capstone Partners reports the food sector has showcased defensibility amid elevated inflation and interest rates, evidenced by healthy levels of merger and acquisition activity through year-to-date.
The company says its study is the largest to date on the state of commercial sous vide, and that the data underscores quality and safety from innovative sous vide solutions as well as providing solutions to labor shortages.