GITNUXREPORT 2026

Consumer Goods Food Industry Statistics

The global food market is a multi-trillion-dollar industry experiencing growth and shifting toward convenience, plant-based options, and sustainability.

Rajesh Patel

Team Lead & Senior Researcher with over 15 years of experience in market research and data analytics.

First published: Feb 13, 2026

Our Commitment to Accuracy

Rigorous fact-checking · Reputable sources · Regular updatesLearn more

Statistic 1

45% of global consumers prioritize convenience foods, driving 5.5% market growth in 2023

Statistic 2

62% of U.S. millennials prefer plant-based alternatives weekly, up 15% from 2020

Statistic 3

78% of European shoppers seek sustainable packaging in food products as of 2023

Statistic 4

Health-conscious consumers represent 35% of global food market spend, focusing on low-sugar

Statistic 5

51% of Gen Z avoid ultra-processed foods, preferring clean-label products in 2023

Statistic 6

Online grocery shopping penetration reached 25% in U.S. households in 2023

Statistic 7

67% of Asian consumers demand fortified foods for nutrition, survey 2023

Statistic 8

Premium food segment grew 8.2% among high-income consumers globally in 2023

Statistic 9

40% rise in demand for keto-friendly snacks in North America since 2021

Statistic 10

55% of parents prioritize allergen-free labels in children's food purchases 2023

Statistic 11

Ethnic cuisine adoption at 48% among urban consumers worldwide

Statistic 12

Vegan product trial rate 29% globally, highest in UK at 14% regular users

Statistic 13

73% consumers willing to pay more for ethically sourced meat, 2023 poll

Statistic 14

Low-carb diet followers 22% of U.S. adults, boosting nut butter sales 12%

Statistic 15

60% prefer ready-to-heat meals post-pandemic, convenience key driver

Statistic 16

Mood-boosting functional foods demanded by 38% of women consumers

Statistic 17

49% avoid GMOs, label transparency critical in 2023 surveys

Statistic 18

Snacking occasions up 20% to 3.2 per day average globally

Statistic 19

64% seek immune-supporting ingredients in beverages post-COVID

Statistic 20

Local sourcing preferred by 71% of consumers in food choices 2023

Statistic 21

Online sales channel grew to 18% of total U.S. food retail in 2023

Statistic 22

Supermarkets hold 55% market share in global food distribution 2023

Statistic 23

Convenience stores sales up 7.2% YoY, snacks 42% of revenue

Statistic 24

E-commerce penetration 12% in Europe food sales 2023

Statistic 25

Club stores like Costco 15% U.S. grocery share, bulk driving volume

Statistic 26

Direct-to-consumer brands captured 8% premium food sales 2023

Statistic 27

Vending machines dispensed $8.2 billion snacks/beverages U.S. 2023

Statistic 28

Foodservice distribution $450 billion globally, QSR 38% share

Statistic 29

Dollar stores grocery sales $35 billion U.S., 4% market penetration

Statistic 30

Meal kit delivery $10 billion U.S. market, 22% subscriber growth

Statistic 31

Hypermarkets 28% share Asia food retail, Walmart model dominant

Statistic 32

Pop-up shops boosted 25% impulse food buys in urban areas 2023

Statistic 33

Pharmacy chains 12% non-pharma sales from food/beverages U.S.

Statistic 34

Dark stores for quick commerce 1,500+ in India, 15-min delivery

Statistic 35

Export value of processed foods $250 billion U.S. 2023

Statistic 36

Ghost kitchens operated 60,000 globally, delivery-only 100% focus

Statistic 37

Farmers markets sales $9 billion U.S., local produce 70% share

Statistic 38

Subscription boxes food 22 million U.S. users, retention 65%

Statistic 39

Airport retail food/bev $25 billion global pre-tax revenue 2023

Statistic 40

Mobile vending apps reached 5 million orders/month urban areas

Statistic 41

Global food industry revenue $8.5 trillion 2023, profit margins average 4.2%

Statistic 42

Nestle net sales $104 billion 2023, 7.2% organic growth

Statistic 43

PepsiCo revenue $91.5 billion 2023, snacks 42% contribution

Statistic 44

Unilever food division €27.6 billion sales, 4.5% underlying growth

Statistic 45

Kraft Heinz EBITDA $5.8 billion 2023, cost savings $600 million

Statistic 46

General Mills net sales $20.1 billion, 4% volume growth

Statistic 47

Mondelez EBITDA margin 18.5% on $36 billion revenue 2023

Statistic 48

Tyson Foods operating income $3.3 billion, chicken 45% revenue

Statistic 49

Coca-Cola net revenues $45.8 billion 2023, 6% organic growth

Statistic 50

Danone sales €27.6 billion, essential dairy 32% share growth

Statistic 51

Kellogg net sales $15.3 billion, cereals 50% profit contributor

Statistic 52

Mars Inc private revenue est. $45 billion 2023, petcare 35%

Statistic 53

JBS S.A. net revenue $72.9 billion 2023, exports 50% sales

Statistic 54

Archer Daniels Midland EBITDA $5.7 billion on $93.9B revenue

Statistic 55

Hormel Foods sales $12.1 billion, 5.3% volume up

Statistic 56

Conagra Brands net sales $12.1 billion, frozen 28% growth driver

Statistic 57

Campbell Soup revenue $9.4 billion 2023, snacks 36% segment

Statistic 58

Hershey net sales $11.2 billion, chocolate 80% revenue

Statistic 59

Post Holdings $7.8 billion revenue, pet food 25% growth

Statistic 60

McCormick sales $6.7 billion 2023, 4% volume growth flavors

Statistic 61

Average ROE in food sector 12.4% 2023, consumer staples stable

Statistic 62

42% food firms increased dividends 2023, yield avg 2.8%

Statistic 63

Debt-to-equity ratio avg 0.65 in packaged foods 2023

Statistic 64

In 2023, the global food consumer goods market was valued at $8.12 trillion, projected to grow to $11.45 trillion by 2030 at a CAGR of 5.1%

Statistic 65

The U.S. packaged food market reached $1.02 trillion in revenue in 2023, with a forecasted CAGR of 4.2% through 2028

Statistic 66

Asia-Pacific food and beverage market size was $2.34 trillion in 2022, expected to expand at 6.8% CAGR to 2030

Statistic 67

European consumer food products market hit €1.5 trillion in 2023, with organic segment growing 7.5% annually

Statistic 68

Global snack food market valued at $503.12 billion in 2023, projected CAGR 4.9% to $721.5 billion by 2032

Statistic 69

U.S. beverage market size stood at $484 billion in 2023, with non-alcoholic segment at 55% share

Statistic 70

Plant-based food market globally reached $29.4 billion in 2020, growing to $162 billion by 2030 at 18.7% CAGR

Statistic 71

Dairy products market worldwide was $837 billion in 2022, expected 4.3% CAGR to 2030

Statistic 72

Confectionery market global value $220 billion in 2023, chocolate segment 45% dominance

Statistic 73

Frozen food market hit $284.2 billion globally in 2023, CAGR 4.1% forecast to 2030

Statistic 74

U.S. organic food sales reached $62 billion in 2022, 12.4% growth from prior year

Statistic 75

Global ready-to-eat food market $198.4 billion in 2021, projected $367.8 billion by 2030 at 7.1% CAGR

Statistic 76

Meat substitutes market valued at $7.2 billion in 2023, expected 22.5% CAGR to 2030

Statistic 77

Bakery products market worldwide $496.3 billion in 2023, 5.2% CAGR to 2030

Statistic 78

Soft drinks market global $463.8 billion in 2023, North America 28% share

Statistic 79

Canned food market reached $112.5 billion in 2022, 3.8% CAGR forecast

Statistic 80

Functional food market $275.5 billion in 2023, Asia-Pacific fastest growing at 8.2% CAGR

Statistic 81

Pasta market global $12.9 billion in 2023, Italy leading producer with 25% share

Statistic 82

Edible oils market $186.8 billion in 2023, palm oil 35% volume share

Statistic 83

Infant nutrition market $55.6 billion in 2022, 5.4% CAGR to 2030

Statistic 84

Global R&D spend in food innovation $15.6 billion in 2023, up 6.8%

Statistic 85

1,250 new plant-based product launches in Europe 2023, 28% growth

Statistic 86

AI-driven flavor development used in 45% of new snack formulations 2023

Statistic 87

Personalized nutrition products market $12.4 billion, 15% CAGR

Statistic 88

3D-printed food prototypes in 120 companies, meat alternatives lead

Statistic 89

Probiotic-infused snacks launched 320 SKUs globally in 2023

Statistic 90

Clean-label reformulations in 67% of bakery products since 2021

Statistic 91

Insect protein products reached 450 commercial launches by 2023

Statistic 92

Fermented food innovations up 35%, kombucha variants 120 new

Statistic 93

High-protein pasta launches 210 in U.S. 2023, legume-based 60%

Statistic 94

Collagen-enriched beverages 89 new SKUs, beauty-from-within trend

Statistic 95

Upcycled ingredient products 1,500+ globally, waste reduction focus

Statistic 96

Mood-enhancing chocolate with adaptogens, 75 launches 2023

Statistic 97

Zero-waste packaging in 22% new food launches Europe 2023

Statistic 98

Lab-grown dairy pilots in 15 firms, scaling production 2023

Statistic 99

Spicy flavor profiles in 40% savory snack innovations 2023

Statistic 100

Fiber-fortified cereals 145 new products, gut health claim

Statistic 101

Exotic fruit juices with superfoods, 98 launches Asia 2023

Statistic 102

Edible packaging trials in 50 snack brands 2023

Statistic 103

Global food supply chain disruptions affected 28% of production in 2023

Statistic 104

65% of food companies adopted blockchain for traceability by 2023

Statistic 105

Water usage in food processing averaged 2.5 liters per kg product globally

Statistic 106

Sustainable sourcing certifications cover 52% of global coffee supply 2023

Statistic 107

Food waste in supply chains reduced 12% via AI forecasting in top firms

Statistic 108

Palm oil deforestation-linked supply dropped to 18% with RSPO standards

Statistic 109

Cold chain logistics market $285 billion, IoT sensors in 40% trucks 2023

Statistic 110

75% seafood supply chain transparent via apps like FishWise 2023

Statistic 111

Carbon footprint of dairy supply chain averaged 2.1 kg CO2e per liter milk

Statistic 112

Regenerative agriculture adopted by 15% grain suppliers to majors 2023

Statistic 113

Labor shortages impacted 33% food processing plants U.S. 2023

Statistic 114

48% reduction in packaging waste via right-sizing in e-commerce food

Statistic 115

Fair trade certified products 2.5 million farmers, cocoa 40% coverage

Statistic 116

Energy efficiency in factories saved 20% costs for 60% processors 2023

Statistic 117

Antibiotic use in livestock supply down 25% EU since 2018 regs

Statistic 118

Vertical farming output up 30% yield per sqm in urban supply chains

Statistic 119

90% compliance with HACCP in global meat supply chains 2023

Statistic 120

Plastic reduction 35% in primary food packaging Europe 2023

Statistic 121

Drone delivery trials cut rural food supply time 40% in pilots

Statistic 122

Scope 3 emissions reporting mandatory for 70% large food firms 2023

1/122

Sources

Trusted by 500+ publications

+497

While the global food consumer goods industry balloons toward an $11.45 trillion future, its true story is being written not just in staggering market valuations, but in the billions of daily choices that reveal our shifting appetites for convenience, health, and sustainability.

Key Takeaways

In 2023, the global food consumer goods market was valued at $8.12 trillion, projected to grow to $11.45 trillion by 2030 at a CAGR of 5.1%
The U.S. packaged food market reached $1.02 trillion in revenue in 2023, with a forecasted CAGR of 4.2% through 2028
Asia-Pacific food and beverage market size was $2.34 trillion in 2022, expected to expand at 6.8% CAGR to 2030
45% of global consumers prioritize convenience foods, driving 5.5% market growth in 2023
62% of U.S. millennials prefer plant-based alternatives weekly, up 15% from 2020
78% of European shoppers seek sustainable packaging in food products as of 2023
Global R&D spend in food innovation $15.6 billion in 2023, up 6.8%
1,250 new plant-based product launches in Europe 2023, 28% growth
AI-driven flavor development used in 45% of new snack formulations 2023
Global food supply chain disruptions affected 28% of production in 2023
65% of food companies adopted blockchain for traceability by 2023
Water usage in food processing averaged 2.5 liters per kg product globally
Online sales channel grew to 18% of total U.S. food retail in 2023
Supermarkets hold 55% market share in global food distribution 2023
Convenience stores sales up 7.2% YoY, snacks 42% of revenue

The global food market is a multi-trillion-dollar industry experiencing growth and shifting toward convenience, plant-based options, and sustainability.

Consumer Preferences & Trends

45% of global consumers prioritize convenience foods, driving 5.5% market growth in 2023
62% of U.S. millennials prefer plant-based alternatives weekly, up 15% from 2020
78% of European shoppers seek sustainable packaging in food products as of 2023
Health-conscious consumers represent 35% of global food market spend, focusing on low-sugar
51% of Gen Z avoid ultra-processed foods, preferring clean-label products in 2023
Online grocery shopping penetration reached 25% in U.S. households in 2023
67% of Asian consumers demand fortified foods for nutrition, survey 2023
Premium food segment grew 8.2% among high-income consumers globally in 2023
40% rise in demand for keto-friendly snacks in North America since 2021
55% of parents prioritize allergen-free labels in children's food purchases 2023
Ethnic cuisine adoption at 48% among urban consumers worldwide
Vegan product trial rate 29% globally, highest in UK at 14% regular users
73% consumers willing to pay more for ethically sourced meat, 2023 poll
Low-carb diet followers 22% of U.S. adults, boosting nut butter sales 12%
60% prefer ready-to-heat meals post-pandemic, convenience key driver
Mood-boosting functional foods demanded by 38% of women consumers
49% avoid GMOs, label transparency critical in 2023 surveys
Snacking occasions up 20% to 3.2 per day average globally
64% seek immune-supporting ingredients in beverages post-COVID
Local sourcing preferred by 71% of consumers in food choices 2023

Consumer Preferences & Trends Interpretation

The modern food landscape is a frantic buffet of contradiction, where we demand our kale to be both ethically sourced and microwavable, proving that the only thing we love more than convenience is the feeling of being virtuous about it.

Distribution & Sales Channels

Online sales channel grew to 18% of total U.S. food retail in 2023
Supermarkets hold 55% market share in global food distribution 2023
Convenience stores sales up 7.2% YoY, snacks 42% of revenue
E-commerce penetration 12% in Europe food sales 2023
Club stores like Costco 15% U.S. grocery share, bulk driving volume
Direct-to-consumer brands captured 8% premium food sales 2023
Vending machines dispensed $8.2 billion snacks/beverages U.S. 2023
Foodservice distribution $450 billion globally, QSR 38% share
Dollar stores grocery sales $35 billion U.S., 4% market penetration
Meal kit delivery $10 billion U.S. market, 22% subscriber growth
Hypermarkets 28% share Asia food retail, Walmart model dominant
Pop-up shops boosted 25% impulse food buys in urban areas 2023
Pharmacy chains 12% non-pharma sales from food/beverages U.S.
Dark stores for quick commerce 1,500+ in India, 15-min delivery
Export value of processed foods $250 billion U.S. 2023
Ghost kitchens operated 60,000 globally, delivery-only 100% focus
Farmers markets sales $9 billion U.S., local produce 70% share
Subscription boxes food 22 million U.S. users, retention 65%
Airport retail food/bev $25 billion global pre-tax revenue 2023
Mobile vending apps reached 5 million orders/month urban areas

Distribution & Sales Channels Interpretation

The grocery cart has fractured into a fleet of niche chariots, proving that while supermarkets still reign supreme, our hunger is now navigated by a chaotic orchestra of apps, aisles, and impulse buys from the checkout lane to the curb.

Financial Performance

Global food industry revenue $8.5 trillion 2023, profit margins average 4.2%
Nestle net sales $104 billion 2023, 7.2% organic growth
PepsiCo revenue $91.5 billion 2023, snacks 42% contribution
Unilever food division €27.6 billion sales, 4.5% underlying growth
Kraft Heinz EBITDA $5.8 billion 2023, cost savings $600 million
General Mills net sales $20.1 billion, 4% volume growth
Mondelez EBITDA margin 18.5% on $36 billion revenue 2023
Tyson Foods operating income $3.3 billion, chicken 45% revenue
Coca-Cola net revenues $45.8 billion 2023, 6% organic growth
Danone sales €27.6 billion, essential dairy 32% share growth
Kellogg net sales $15.3 billion, cereals 50% profit contributor
Mars Inc private revenue est. $45 billion 2023, petcare 35%
JBS S.A. net revenue $72.9 billion 2023, exports 50% sales
Archer Daniels Midland EBITDA $5.7 billion on $93.9B revenue
Hormel Foods sales $12.1 billion, 5.3% volume up
Conagra Brands net sales $12.1 billion, frozen 28% growth driver
Campbell Soup revenue $9.4 billion 2023, snacks 36% segment
Hershey net sales $11.2 billion, chocolate 80% revenue
Post Holdings $7.8 billion revenue, pet food 25% growth
McCormick sales $6.7 billion 2023, 4% volume growth flavors
Average ROE in food sector 12.4% 2023, consumer staples stable
42% food firms increased dividends 2023, yield avg 2.8%
Debt-to-equity ratio avg 0.65 in packaged foods 2023

Financial Performance Interpretation

The global food industry is an $8.5 trillion dinner party where everyone is scrambling for the last few percentage points of profit, proving that while the world runs on snacks and soda, the real sustenance is in razor-thin margins and the relentless pursuit of a single, perfect penny.

Market Size & Growth

In 2023, the global food consumer goods market was valued at $8.12 trillion, projected to grow to $11.45 trillion by 2030 at a CAGR of 5.1%
The U.S. packaged food market reached $1.02 trillion in revenue in 2023, with a forecasted CAGR of 4.2% through 2028
Asia-Pacific food and beverage market size was $2.34 trillion in 2022, expected to expand at 6.8% CAGR to 2030
European consumer food products market hit €1.5 trillion in 2023, with organic segment growing 7.5% annually
Global snack food market valued at $503.12 billion in 2023, projected CAGR 4.9% to $721.5 billion by 2032
U.S. beverage market size stood at $484 billion in 2023, with non-alcoholic segment at 55% share
Plant-based food market globally reached $29.4 billion in 2020, growing to $162 billion by 2030 at 18.7% CAGR
Dairy products market worldwide was $837 billion in 2022, expected 4.3% CAGR to 2030
Confectionery market global value $220 billion in 2023, chocolate segment 45% dominance
Frozen food market hit $284.2 billion globally in 2023, CAGR 4.1% forecast to 2030
U.S. organic food sales reached $62 billion in 2022, 12.4% growth from prior year
Global ready-to-eat food market $198.4 billion in 2021, projected $367.8 billion by 2030 at 7.1% CAGR
Meat substitutes market valued at $7.2 billion in 2023, expected 22.5% CAGR to 2030
Bakery products market worldwide $496.3 billion in 2023, 5.2% CAGR to 2030
Soft drinks market global $463.8 billion in 2023, North America 28% share
Canned food market reached $112.5 billion in 2022, 3.8% CAGR forecast
Functional food market $275.5 billion in 2023, Asia-Pacific fastest growing at 8.2% CAGR
Pasta market global $12.9 billion in 2023, Italy leading producer with 25% share
Edible oils market $186.8 billion in 2023, palm oil 35% volume share
Infant nutrition market $55.6 billion in 2022, 5.4% CAGR to 2030

Market Size & Growth Interpretation

Despite humanity’s aspirations for minimalism, our collective appetite has decisively priced the planet’s pantry at over $8 trillion and climbing, proving that while trends like plant-based diets surge, our foundational cravings for snacks, sugar, and convenience continue to fuel a reliably hungry—and remarkably predictable—global economy.

Product Innovation

Global R&D spend in food innovation $15.6 billion in 2023, up 6.8%
1,250 new plant-based product launches in Europe 2023, 28% growth
AI-driven flavor development used in 45% of new snack formulations 2023
Personalized nutrition products market $12.4 billion, 15% CAGR
3D-printed food prototypes in 120 companies, meat alternatives lead
Probiotic-infused snacks launched 320 SKUs globally in 2023
Clean-label reformulations in 67% of bakery products since 2021
Insect protein products reached 450 commercial launches by 2023
Fermented food innovations up 35%, kombucha variants 120 new
High-protein pasta launches 210 in U.S. 2023, legume-based 60%
Collagen-enriched beverages 89 new SKUs, beauty-from-within trend
Upcycled ingredient products 1,500+ globally, waste reduction focus
Mood-enhancing chocolate with adaptogens, 75 launches 2023
Zero-waste packaging in 22% new food launches Europe 2023
Lab-grown dairy pilots in 15 firms, scaling production 2023
Spicy flavor profiles in 40% savory snack innovations 2023
Fiber-fortified cereals 145 new products, gut health claim
Exotic fruit juices with superfoods, 98 launches Asia 2023
Edible packaging trials in 50 snack brands 2023

Product Innovation Interpretation

Even as we spend billions tweaking flavors with AI and printing meatless prototypes, the future of food is ironically circling back to ancient wisdom—fermenting, foraging for adaptogens, and upcycling waste—all while desperately trying to stuff probiotics and collagen into everything from pasta to chocolate.

Supply Chain & Sustainability

Global food supply chain disruptions affected 28% of production in 2023
65% of food companies adopted blockchain for traceability by 2023
Water usage in food processing averaged 2.5 liters per kg product globally
Sustainable sourcing certifications cover 52% of global coffee supply 2023
Food waste in supply chains reduced 12% via AI forecasting in top firms
Palm oil deforestation-linked supply dropped to 18% with RSPO standards
Cold chain logistics market $285 billion, IoT sensors in 40% trucks 2023
75% seafood supply chain transparent via apps like FishWise 2023
Carbon footprint of dairy supply chain averaged 2.1 kg CO2e per liter milk
Regenerative agriculture adopted by 15% grain suppliers to majors 2023
Labor shortages impacted 33% food processing plants U.S. 2023
48% reduction in packaging waste via right-sizing in e-commerce food
Fair trade certified products 2.5 million farmers, cocoa 40% coverage
Energy efficiency in factories saved 20% costs for 60% processors 2023
Antibiotic use in livestock supply down 25% EU since 2018 regs
Vertical farming output up 30% yield per sqm in urban supply chains
90% compliance with HACCP in global meat supply chains 2023
Plastic reduction 35% in primary food packaging Europe 2023
Drone delivery trials cut rural food supply time 40% in pilots
Scope 3 emissions reporting mandatory for 70% large food firms 2023

Supply Chain & Sustainability Interpretation

While the food industry is impressively patching its leaks with tech and tracing, from blockchain to drones, the sheer volume of these frantic fixes reveals a supply chain that’s still less a well-oiled machine and more a creaking wagon we’re all desperately trying to keep rolling forward.

Sources & References

Logos provided by Logo.dev