Food and beverage companies are becoming more selective about their manufacturing investments as they prioritize cost efficiency in a time of declining sales.

Manufacturing investments in the food and beverage industry hit a low point in May 2025, when just 48 projects were announced, according to data from market intelligence firm Industrial SalesLeads. Planned project activity within the sector declined 26% last year compared to 2024.

Since then, investments have picked up as companies begin to respond to growing demand in categories like dairy and high-protein foods, with giants Danone and Chobani among those racing to add production. The success of certain brands has also prompted companies to expand, with Ferrara building a new $675 million plant following the rise of breakout hit Nerds Gummy Clusters.

Still, the majority of planned manufacturing investments are intended to modernize existing facilities, with renovations driving half of all capital investments in March, Industrial Sales Leads reported. Many companies have upgraded their facilities and shifted production from aging plants in order to add new efficiencies and save costs, including Campbell's and Smithfield.

Take a look at some of the biggest food and beverage manufacturing announcements so far in 2026.