RL Hulett：2025年第一季度全球食品与消费行业并购市场研究报告（英文版）

In Q1, the S&P Food & Beverage Select Industry Index decreased by 2.0%, but outperformed a 12.9% drop in the S&P 500 Consumer Discretionary Index over the same period. The broader S&P 500 index decreased by 4.4% in Q1. ▪ The mean EV/EBITDA multiple for reported strategic deals in the Food & Consumer sector decreased to 7.2x in Q1 from 18.4x in 2024, but the mean EV/Revenue multiple for strategic buyers increased to 1.7x from 1.6x over the same period. ▪ M&A deal volume