Insight ReportM&A in US Food and Beverage CPG: Three Key Themes—Category Expansion, Brand Focus and Evolving Consumer Needs Arun Sriram, Analyst Sector Lead: Anand Kumar, Associate Director of Retail Research July 24, 2023 Reasons to ReadThe food and beverage consumer packaged goods (CPG) category in the US has witnessed over 100 mergers and acquisitions (M&A) deals over the past four years, as CPG food and beverage companies have increasingly found these deals favorable. Examining recent M&A deals, we explore three key themes in M&A in the US food and beverage sector—namely, category expansion, increased category focus, and evolving consumer needs and expectations. Companies mentioned in this report include: J&J Snack Foods, Keurig Dr. Pepper, Mars, Incorporated, Mondelēz International, Nestlé, Starbucks, Unilever Other relevant research: Five Trends in US Food CPG: Transparency, Sustainability and Technology Lead the Way Five Key Strategies for CPG Companies to Tackle Inflation and Changing Consumer Behavior in 2023 See all reports in the Coresight Research US CPG Sales Tracker series Visit the Coresight Research Food, Grocery and CPG Retail Hub to explore sector data, reports and company profiles. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Connected TV’s Opportunities and Growing Pains: 10 Insights from CTV Connect 2025The US Online Grocery Surge: What’s Driving It, Who’s Shopping and Why the Momentum Is Here To StayRetail Technology Show 2025: Hearing About Sustainability, Smart Fashion, QR Codes, Unified Commerce and MoreWeekly UK Store Openings and Closures Tracker 2025, Week 49: Claire’s Closes 150 Stores; Oliver Bonas To Open 20 Stores
