In Q3 2025, 72 transactions were announced in the food and beverage space, representing a 20% quarter-over-quarter increase and the second straight quarter of rising deal volume. This recent ramp-up in activity is encouraging, as it indicates a revived confidence in the food and beverage sector following a 10-year low in H1 2025. For the TTM period ending September 30, 2025, 258 transactions were announced in the food and beverage industry, which marks a 10.4% decline from the TTM period ending September 30, 2024.
There were several significant deals announced in the food and beverage space over Q3 2025, including sizable deals in the general and nonalcoholic beverages space. The most notable transactions announced in these segments include Ferrero’s acquisition of WK Kellogg Co, Generous Brands’ acquisition of Health-Ade, and Keurig Dr Pepper’s acquisition of Dyla. The alcoholic beverages, better-for-you, protein producers and nonalcoholic beverages categories were the most active this quarter and accounted for 63% of the total deal volume.
Food and Beverage M&A Industry Valuation Data
Our Food and Beverage Industry Insights–Fall 2025 aims to identify trends and provide insights across the sector, focusing on key themes, deal activity and market changes. Want to learn more about our valuation data and public company trading statistics? Download our Food and Beverage Industry Insights Valuation Data–Fall 2025.
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