AGP Executive Report
Last update: 9 hours agoProduct Innovation: SIG will showcase six ready-to-drink concepts at Gulfood Manufacturing in Dubai, spanning protein, hydration and functional nutrition. Industry Growth: Canada’s food and beverage manufacturers say the sector could raise its GDP contribution from $35.1 billion to $56.2 billion by 2035 with government support; Ottawa has also committed $50 million to food innovation. Retail & Technology: Starbucks plans to test AI and app features to speed up drive-through orders, while reporting record loyalty membership and stronger sales. Market Trends: Chocolate makers face weaker Halloween demand as shoppers cut back amid high prices and health concerns. Beverage Results: Carlsberg reported a 5% rise in third-quarter sales and maintained its 2026 profit outlook; India’s Reliance Consumer Products posted 60% revenue growth, led by Campa and Independence.
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