This study examines the food and beverage industry’s greenhouse gas (GHG) emission efficiency, using the stochastic frontier analysis. The results are as follows. First, the average emission efficiency of the food and beverage industry is 0.85, indicating that the food and beverage industry has relatively high technical efficiency to reduce GHG emissions. Second, the average emission efficiency increases from 0.77 to 0.91 between 2011 and 2020. It appears that the food and beverage industry has managed GHG emissions against the challenges from carbon reduction pressures. Third, regarding the GHG emission mitigation potential, the results show that most companies have different potentials for GHG reductions from investment in efficient carbon-reducing technologies.