GITNUX MARKETDATA REPORT 2024

Food And Drink Industry Statistics

The food and drink industry statistics provide valuable insights into consumer trends, market growth, and economic impact of the industry.

Statistic 1

"The beverage market alone is worth around $1.5 trillion globally."

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Statistic 2

"The global food and beverage industry is expected to reach $7.5 trillion by 2023."

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Statistic 3

"Food waste accounts for about 30-40% of the food supply in the US."

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Statistic 4

"Organic food sales in the US reached $56.4 billion in 2020."

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Statistic 5

"The global alcoholic beverages market size was valued at $1.49 trillion in 2020."

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Statistic 6

"The low-alcohol beverages market is expected to grow by 8.9% annually from 2021 to 2027."

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Statistic 7

"The US food and beverage industry generates approximately $1.4 trillion in annual sales."

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Statistic 8

"Packaged food accounts for about 70% of all consumer food and drink expenditures globally."

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Statistic 9

"Nearly 25% of new food and drink products launched in 2020 claimed sustainability benefits."

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Statistic 10

"About 39% of millennials buy food and drink online at least once a month."

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Statistic 11

"Global coffee consumption reached over 166.63 million 60kg bags in 2020."

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Statistic 12

"The global functional beverages market was valued at $129 billion in 2020."

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Statistic 13

"Asia-Pacific is the largest food and beverage market globally, capturing around 42% of the market share."

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Statistic 14

"Plant-based food sales exceeded $7.4 billion in the US in 2021."

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Statistic 15

"Approximately 36% of all foodservice business sales in the United States come from restaurants."

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Statistic 16

"The average American household spends around 13% of its income on food."

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Statistic 17

"The average American consumes about 48.3 gallons of soft drinks each year."

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Statistic 18

"The global market for gluten-free products is projected to reach $32.39 billion by 2025."

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Statistic 19

"About 13.4 million people were employed in the US food and drink industry in 2020."

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Statistic 20

"The food delivery industry was valued over $150 billion globally in 2020."

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