M&A activity sheds light on consolidations in the dairy industry, growth in the alcohol space and expansions into cannabis-related packaged food and beverages.
The top deal both globally and in the US was the UK-based Reckitt Benckiser Group's US$ 17.8 billion acquisition of US-based Mead Johnson & Company, the baby formula company.
Millennials, once again, are rapidly changing alcohol beverage trends, now exhibiting a preference for craft liquor produced by small, local distilleries.