2025年第二季度餐饮CPG报告（英）2025

INDUSTRY RESEARCH Food & BeverageCPG Report PE trends and investment strategies Contents 3 Institutional Research Group PE activity Analysis Alex FrederickSenior Research Analyst, Agri-Foodtechalex.frederick@pitchbook.com 18 DataHarrison WaldockData Analystpbinstitutionalresearch@pitchbook.com Segment data Publishing Report designed byDrew Sanders Published on August 25, 2025 PE activity Executive summary Q2 2025 food & beverage CPG activity moderated to 116 deals(including estimates), tracking within the normalized range of90-120 quarterly deals. H1 2025 totaled 224 deals—maintainingpace with 2024 levels and supported by healthy credit markets.PE firms demonstrated balanced deployment across dealstructures, with 68 minority investments (36.4%), 66 add-ons(35.3%), and 53 platform investments (28.3%), reflecting a Shelf-stable food CPG continued to lead transaction volume with74 deals in H1 2025, while fresh-food CPG recorded 72 dealsand beverage CPG maintained consistent activity with 39 deals.Key shifts in subsector momentum include accelerated pet food Food & beverage CPG PE ecosystem market map This market map is an overview of PE-backed companies ranked by total capital raised. Click to view the full map on the PitchBook Platform. Beverage CPG Source: PitchBook • Geography: Global • As of June 30, 2025 Source: PitchBook • Geography: Global • As of June 30, 2025 Source: PitchBook • Geography: Global • As of June 30, 2025 Source: PitchBook • Geography: Global • As of June 30, 2025 Source: PitchBook • Geography: Global • As of June 30, 2025 Source: PitchBook • Geography: Global • As of June 30, 2025