Key Takeaways
- The global CPG food market was valued at $2.1 trillion in 2023 and is projected to reach $2.8 trillion by 2030, growing at a CAGR of 4.2%.
- In the US, the CPG food sector accounted for 52% of total CPG sales in 2023, totaling $1.2 trillion.
- Packaged snacks in the CPG food industry grew by 7.5% YoY in 2023, reaching $95 billion globally.
- 68% of global consumers increased spending on premium CPG foods in 2023.
- 45% of US millennials prefer sustainable packaging in CPG food purchases.
- Health-conscious shoppers represent 62% of CPG food buyers in Europe, up 10% YoY.
- CPG food production costs rose 12% globally due to raw material inflation in 2023.
- Supply chain disruptions affected 67% of CPG food manufacturers in 2023.
- Average shelf life of perishable CPG foods shortened by 15% due to logistics issues.
- Average profit margins in CPG food industry stood at 4.5% in 2023.
- R&D spending by top CPG food companies was 2.1% of revenue.
- EBITDA margins for packaged goods firms averaged 12.3% globally.
- 40% of CPG food packaging now recyclable globally.
- Carbon emissions from CPG food supply chains down 15% since 2018.
- 62% of CPG firms committed to net-zero by 2050.
The global CPG food market continues steady growth while rapidly adapting to health and sustainability trends.
Consumer Behavior
Consumer Behavior Interpretation
Financial Performance
Financial Performance Interpretation
Market Overview
Market Overview Interpretation
Operational Metrics
Operational Metrics Interpretation
Sustainability Initiatives
Sustainability Initiatives Interpretation
Sources & References
- Reference 1GRANDVIEWRESEARCHgrandviewresearch.comVisit source
- Reference 2STATISTAstatista.comVisit source
- Reference 3NIELSENIQnielseniq.comVisit source
- Reference 4PLANTBASEDFOODSplantbasedfoods.orgVisit source
- Reference 5EUROMONITOReuromonitor.comVisit source
- Reference 6MCKINSEYmckinsey.comVisit source
- Reference 7MARKETSANDMARKETSmarketsandmarkets.comVisit source
- Reference 8GLOBALDATAglobaldata.comVisit source
- Reference 9FORTUNEBUSINESSINSIGHTSfortunebusinessinsights.comVisit source
- Reference 10NIELSENnielsen.comVisit source
- Reference 11PACKAGINGDIGESTpackagingdigest.comVisit source
- Reference 12MINTELmintel.comVisit source
- Reference 13FOODNAVIGATOR-USAfoodnavigator-usa.comVisit source
- Reference 14KENRESEARCHkenresearch.comVisit source
- Reference 15INNOVAMARKETINSIGHTSinnovamarketinsights.comVisit source
- Reference 16POPAIpopai.comVisit source
- Reference 17FOODINSTITUTEfoodinstitute.comVisit source
- Reference 18NUTRAINGREDIENTSnutraingredients.comVisit source
- Reference 19FOODENGINEERINGMAGfoodengineeringmag.comVisit source
- Reference 20DELOITTEdeloitte.comVisit source
- Reference 21LOGISTICSMGMTlogisticsmgmt.comVisit source
- Reference 22PACKWORLDpackworld.comVisit source
- Reference 23SUPPLYCHAINDIVEsupplychaindive.comVisit source
- Reference 24FOODWASTEALLIANCEfoodwastealliance.orgVisit source
- Reference 25GARTNERgartner.comVisit source
- Reference 26FOODPROCESSINGfoodprocessing.comVisit source
- Reference 27FOODMANUFACTUREfoodmanufacture.co.ukVisit source
- Reference 28CPGMATTERScpgmatters.comVisit source
- Reference 29FOODDIVEfooddive.comVisit source
- Reference 30PWCpwc.comVisit source
- Reference 31MARKETINGWEEKmarketingweek.comVisit source
- Reference 32IBISWORLDibisworld.comVisit source
- Reference 33BLSbls.govVisit source
- Reference 34BEVERAGEDAILYbeveragedaily.comVisit source
- Reference 35FORBESforbes.comVisit source
- Reference 36CPGINSIGHTScpginsights.comVisit source
- Reference 37FINANCEfinance.yahoo.comVisit source
- Reference 38PACKAGINGEUROPEpackagingeurope.comVisit source
- Reference 39WEFORUMweforum.orgVisit source
- Reference 40SCIENCEBASEDTARGETSsciencebasedtargets.orgVisit source
- Reference 41WATERFOOTPRINTwaterfootprint.orgVisit source
- Reference 42OXFORDMARTINoxfordmartin.ox.ac.ukVisit source
- Reference 43ELLENMACARTHURFOUNDATIONellenmacarthurfoundation.orgVisit source
- Reference 44FIBLfibl.orgVisit source
- Reference 45IEAiea.orgVisit source
- Reference 46IMARCGROUPimarcgroup.comVisit source
- Reference 47MORDORINTELLIGENCEmordorintelligence.comVisit source
- Reference 48FUTUREMARKETINSIGHTSfuturemarketinsights.comVisit source
- Reference 49ALLIEDMARKETRESEARCHalliedmarketresearch.comVisit source
- Reference 50RESEARCHANDMARKETSresearchandmarkets.comVisit source
- Reference 51KANTARkantar.comVisit source
- Reference 52AFDBafdb.orgVisit source
- Reference 53ZIONMARKETRESEARCHzionmarketresearch.comVisit source
- Reference 54GLOBENEWSWIREglobenewswire.comVisit source
- Reference 55PRECISIONNUTRITIONprecisionnutrition.comVisit source
- Reference 56DATASSENTIALdatassential.comVisit source
- Reference 57BAKERYANDSNACKSbakeryandsnacks.comVisit source
- Reference 58APPSFLYERappsflyer.comVisit source
- Reference 59FOODALLERGYfoodallergy.orgVisit source
- Reference 60LABELINSIGHTlabelinsight.comVisit source
- Reference 61VEGANBUSINESSWORLDveganbusinessworld.comVisit source
- Reference 62SNACKANDBAKERYsnackandbakery.comVisit source
- Reference 63LOCALFOODMARKETPLACElocalfoodmarketplace.comVisit source
- Reference 64IBMibm.comVisit source
- Reference 65DCVELOCITYdcvelocity.comVisit source
- Reference 66MATERIALHANDLINGWHOLESALEmaterialhandlingwholesale.comVisit source
- Reference 67TRACEONEtraceone.comVisit source
- Reference 68COLDCHAINFEDERATIONcoldchainfederation.orgVisit source
- Reference 69FOODQUALITYfoodquality.comVisit source
- Reference 70IBMFOODTRUSTibmfoodtrust.comVisit source
- Reference 71RELIABLEPLANTreliableplant.comVisit source
- Reference 72SUPPLYCHAINMANAGEMENTREVIEWsupplychainmanagementreview.comVisit source
- Reference 73REVERSE-LOGISTICSreverse-logistics.orgVisit source
- Reference 74DNBdnb.comVisit source
- Reference 75CASHFLOWANALYTICScashflowanalytics.comVisit source
- Reference 76IRIiri.comVisit source
- Reference 77QUALTRICSqualtrics.comVisit source
- Reference 78CAPEXMONITORcapexmonitor.comVisit source
- Reference 79APQCapqc.orgVisit source
- Reference 80BRANDFINANCEbrandfinance.comVisit source
- Reference 81EYey.comVisit source
- Reference 82MSCImsci.comVisit source
- Reference 83BUSINESSWIREbusinesswire.comVisit source
- Reference 84CDPcdp.netVisit source
- Reference 85NATUREnature.orgVisit source
- Reference 86ZEROWASTEzerowaste.orgVisit source
- Reference 87WRIwri.orgVisit source
- Reference 88FAIRTRADEfairtrade.netVisit source
- Reference 89GLOBALMETHANEPLEDGEglobalmethanepledge.orgVisit source
- Reference 90CIRCULARONLINEcircularonline.co.ukVisit source
- Reference 91VOLUNTEERHUBvolunteerhub.comVisit source
- Reference 92WORLDCOCOAFOUNDATIONworldcocoafoundation.orgVisit source






