GITNUXREPORT 2026

Food Beverage Cpg Industry Statistics

Global food and beverage CPG markets show strong growth driven by health and convenience trends.

Sarah Mitchell

Senior Researcher specializing in consumer behavior and market trends.

First published: Feb 13, 2026

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Statistic 1

Coca-Cola reported $45.8 billion in net revenues for 2023, up 6% YoY with volume growth in emerging markets.

Statistic 2

PepsiCo's Frito-Lay North America division generated $23.7 billion in 2023 sales, comprising 28% of total revenue.

Statistic 3

Nestlé's beverage segment achieved CHF 17.2 billion in 2023 sales, growing 5.4% organically.

Statistic 4

Unilever's nutrition category (ice cream & beverages) posted €14.5 billion turnover in 2023, down 2% due to divestitures.

Statistic 5

Mondelez International snacks revenue hit $36.0 billion in 2023, up 11.2% reported.

Statistic 6

Danone's essential dairy & plant-based sales reached €13.8 billion in 2023, +4.2% like-for-like.

Statistic 7

Procter & Gamble's grooming & fabric care (adjacent CPG) at $36.5B, but food/bev minimal; focus on overall $82B.

Statistic 8

Kellogg's (now Kellanova) North America cereals sales $3.2B in 2023, flat YoY.

Statistic 9

AB InBev global beer revenues $59.4 billion in 2023, +7.8% revenue growth.

Statistic 10

General Mills net sales $20.1 billion in FY2023, with U.S. Retail up 5%.

Statistic 11

Hershey Company confectionery sales $11.5 billion in 2023, +7% organic growth.

Statistic 12

Campbell Soup Company snacks division $1.9B in FY2023, growing 8%.

Statistic 13

Constellation Brands beer segment $7.2B FY2023, +11% net sales growth.

Statistic 14

Kraft Heinz revenues $26.6 billion in 2023, -6.7% YoY amid volume declines.

Statistic 15

Diageo spirits sales £17.1 billion in FY2023, +9% organic growth.

Statistic 16

Conagra Brands foodservice revenues $3.0B FY2023, down 4%.

Statistic 17

Post Holdings foodservice $1.8B FY2023, +12% growth.

Statistic 18

McCormick & Company consumer segment $4.1B FY2023, +4% growth.

Statistic 19

J.M. Smucker pet food $1.2B FY2023, +9% net sales.

Statistic 20

Keurig Dr Pepper beverages $14.8B 2023, +6.5% net sales.

Statistic 21

Beyond Meat net revenue $343.4M 2023, down 30.5% YoY.

Statistic 22

Oatly Group revenues SEK 5.9B 2023, flat YoY.

Statistic 23

Red Bull GmbH sales €10.0 billion in 2023, +7.2% growth.

Statistic 24

Chobani yogurt revenues $2.5B est. 2023, private company growth 15%.

Statistic 25

Monster Beverage $7.1B net sales 2023, +13.2% growth.

Statistic 26

45% of global consumers aged 18-34 prioritize convenience in food CPG purchases, influencing 28% market growth.

Statistic 27

62% of U.S. shoppers now buy food CPG online weekly, up from 41% in 2020.

Statistic 28

Health claims on packaging drive 73% of beverage CPG purchase decisions among millennials globally.

Statistic 29

51% of European consumers avoid sugar-sweetened food CPG, boosting low-sugar segment by 15%.

Statistic 30

Gen Z (born 1997-2012) represents 27% of global food CPG spend, favoring sustainable brands 2x more.

Statistic 31

68% of Asian consumers seek plant-based options in CPG, driving 22% category penetration growth.

Statistic 32

Impulse buying accounts for 43% of snack CPG sales in U.S. convenience stores.

Statistic 33

55% of parents prioritize kid-friendly packaging in food CPG, influencing $95 billion segment.

Statistic 34

Loyalty programs boost repeat CPG beverage purchases by 37% among 35-54 age group.

Statistic 35

71% of low-income consumers in Latin America choose value-pack food CPG formats.

Statistic 36

Ethnic flavors influence 49% of U.S. food CPG trials among diverse demographics.

Statistic 37

64% of women globally cite portion control as key in beverage CPG selection.

Statistic 38

Subscription models retain 82% of food CPG customers after first year.

Statistic 39

58% of Boomers prefer traditional retail for beverage CPG vs. 32% digital natives.

Statistic 40

Clean label claims sway 76% of organic food CPG buyers in Europe.

Statistic 41

67% of urban consumers snack 3+ times daily, fueling $500B CPG category.

Statistic 42

Price sensitivity rose to 79% among global CPG shoppers post-2023 inflation.

Statistic 43

53% of vegans/vegetarians drive 18% growth in dairy-free CPG beverages.

Statistic 44

Social media influences 61% of Gen Z food CPG discoveries.

Statistic 45

72% of health-focused consumers read nutrition labels on CPG packs daily.

Statistic 46

Regional cuisines boost trial rates by 34% in multicultural food CPG markets.

Statistic 47

59% prefer recyclable packaging in beverage CPG, willing to pay 10% premium.

Statistic 48

Nighttime snacking occasions represent 28% of total food CPG volume globally.

Statistic 49

In 2023, the global food and beverage CPG market reached a valuation of $6.4 trillion, with a projected CAGR of 5.2% from 2024 to 2030 driven by rising demand for convenience foods.

Statistic 50

The U.S. food and beverage CPG sector generated $1.2 trillion in retail sales in 2023, marking a 3.8% year-over-year increase amid inflation pressures.

Statistic 51

Asia-Pacific food CPG market is expected to grow at 6.1% CAGR through 2028, fueled by urbanization and a burgeoning middle class exceeding 2 billion consumers.

Statistic 52

European beverage CPG industry hit €450 billion in 2023 sales, with non-alcoholic segments surging 4.2% due to health-conscious shifts.

Statistic 53

Global snack food CPG category within food & beverage expanded to $512 billion in 2023, projected to $682 billion by 2030 at 4.2% CAGR.

Statistic 54

U.S. CPG food market share held by private labels rose to 18.5% in 2023, contributing $220 billion in sales growth.

Statistic 55

Plant-based food & beverage CPG segment grew 12.3% YoY in 2023, reaching $29.4 billion globally.

Statistic 56

Bottled water CPG sales worldwide surged to $320 billion in 2023, with 7.1% CAGR forecast to 2029.

Statistic 57

Organic food CPG market valued at $213 billion in 2023, expected to hit $437 billion by 2032 at 8.2% CAGR.

Statistic 58

Ready-to-drink (RTD) beverages in CPG grew to $180 billion globally in 2023, up 9.4% from prior year.

Statistic 59

Latin America food CPG market projected to grow from $450 billion in 2023 to $620 billion by 2030 at 4.6% CAGR.

Statistic 60

Functional beverages CPG category reached $158 billion in 2023, with 8.5% CAGR anticipated through 2030.

Statistic 61

Middle East & Africa beverage CPG sales hit $120 billion in 2023, growing 5.3% YoY due to population expansion.

Statistic 62

Dairy alternatives in food CPG market expanded to $32 billion in 2023, forecasted 11.9% CAGR to 2030.

Statistic 63

Energy drinks CPG segment generated $86 billion globally in 2023, up 7.8% from 2022.

Statistic 64

North America food CPG e-commerce sales reached $150 billion in 2023, representing 15% of total category sales.

Statistic 65

Global confectionery CPG market valued at $220 billion in 2023, projected 4.1% CAGR to 2030.

Statistic 66

Alcoholic beverages CPG in Asia grew to $250 billion in 2023, with premiumization driving 6.2% growth.

Statistic 67

Frozen food CPG category sales hit $380 billion worldwide in 2023, up 5.7% YoY.

Statistic 68

Meal kit delivery CPG services reached $20 billion in 2023 globally, growing 12.1% CAGR forecast.

Statistic 69

Pet food CPG (adjacent to food) valued at $140 billion in 2023, 5.4% CAGR to 2030.

Statistic 70

Soft drinks CPG market stood at $460 billion in 2023, expected 4.3% CAGR through 2029.

Statistic 71

Bakery products CPG generated $550 billion globally in 2023, with 3.9% growth projection.

Statistic 72

Juice and nectar CPG sales reached $130 billion in 2023, declining 1.2% due to health trends.

Statistic 73

Canned food CPG market valued at $190 billion in 2023, 4.8% CAGR to 2032.

Statistic 74

RTD coffee market share led by Starbucks with 15% globally in 2023.

Statistic 75

Low/no-alcohol beer variants grew 28% in sales volume 2023 Europe.

Statistic 76

High-protein snack bars captured 22% of U.S. nutrition bar market in 2023.

Statistic 77

Fermented foods like kombucha saw 19% CAGR in CPG from 2018-2023.

Statistic 78

Collagen-infused beverages launched 450+ SKUs in 2023 globally.

Statistic 79

Keto-friendly food CPG products numbered 1,200+ new launches 2023.

Statistic 80

Mood-boosting functional drinks rose 35% in claims 2023.

Statistic 81

Plant-based cheese alternatives improved 40% in taste scores 2023.

Statistic 82

Spicy flavor profiles in snacks surged 25% new products 2023 U.S.

Statistic 83

Gut health yogurt variants claimed 18% market share 2023.

Statistic 84

Zero-sugar sodas introduced 300+ SKUs globally 2023.

Statistic 85

Upcycled ingredient foods launched 150+ CPG items 2023.

Statistic 86

Adaptogen-infused teas grew 42% in North America 2023.

Statistic 87

Meal replacement shakes with 20g+ protein hit 12% category growth.

Statistic 88

Exotic fruit juices (e.g., açaí) up 15% in beverage CPG 2023.

Statistic 89

Crunchy vegetable snacks replaced 20% chip volumes 2023.

Statistic 90

Nootropic energy drinks launched 80+ brands 2023.

Statistic 91

Hyaluronic acid hydration drinks up 50% claims 2023.

Statistic 92

Savory yogurt dips expanded to 10% dairy alternative market.

Statistic 93

Mushroom coffee hybrids captured 8% RTD coffee share 2023.

Statistic 94

78% of food CPG packaging now recyclable, reducing plastic by 15% since 2020.

Statistic 95

Water usage in beverage CPG production dropped 22% industry-wide 2015-2023.

Statistic 96

45% of global CPG firms achieved Scope 3 emissions reporting compliance by 2023.

Statistic 97

EU plastic packaging tax impacted 12% cost increase for food CPG in 2023.

Statistic 98

Palm oil deforestation-free claims reached 88% of snack CPG supply chains.

Statistic 99

Food waste reduction initiatives saved $40B in CPG value chain 2023.

Statistic 100

62% of consumers demand carbon-labeled food CPG products by 2025 regs.

Statistic 101

Organic certification covered 95M hectares in food CPG sourcing 2023.

Statistic 102

Beverage CPG recycled aluminum usage hit 75% globally 2023.

Statistic 103

Fairtrade certified CPG products sales $12B in 2023.

Statistic 104

GHG emissions from food CPG supply chains down 18% since 2018.

Statistic 105

U.S. FDA banned 5 food additives in CPG effective 2023.

Statistic 106

70% of CPG firms adopted regenerative agriculture on 10M acres 2023.

Statistic 107

Plastic-free packaging pilots in beverage CPG reached 20 brands 2023.

Statistic 108

EU deforestation regulation compliance deadline set for 2025 affecting 30% imports.

Statistic 109

Water stewardship programs restored 1.2T liters for CPG industry 2023.

Statistic 110

B Corp certified food CPG companies grew to 500+ in 2023.

Statistic 111

Sugar reduction averaged 15% voluntary in CPG beverages 2015-2023.

Statistic 112

Traceability tech (blockchain) adopted by 40% large CPG firms 2023.

Statistic 113

Biodiversity commitments signed by 85% top 50 CPG companies.

Statistic 114

Energy efficiency saved $5B in CPG manufacturing costs 2023.

1/114

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Fueled by shifting consumer demands and a relentless drive for innovation, the global food and beverage CPG industry is a dynamic, multi-trillion-dollar arena where every statistic tells a story of growth, from a $6.4 trillion market valuation and a surging plant-based segment to the quiet dominance of private labels and the rise of functional, sustainable products.

Key Takeaways

In 2023, the global food and beverage CPG market reached a valuation of $6.4 trillion, with a projected CAGR of 5.2% from 2024 to 2030 driven by rising demand for convenience foods.
The U.S. food and beverage CPG sector generated $1.2 trillion in retail sales in 2023, marking a 3.8% year-over-year increase amid inflation pressures.
Asia-Pacific food CPG market is expected to grow at 6.1% CAGR through 2028, fueled by urbanization and a burgeoning middle class exceeding 2 billion consumers.
45% of global consumers aged 18-34 prioritize convenience in food CPG purchases, influencing 28% market growth.
62% of U.S. shoppers now buy food CPG online weekly, up from 41% in 2020.
Health claims on packaging drive 73% of beverage CPG purchase decisions among millennials globally.
Coca-Cola reported $45.8 billion in net revenues for 2023, up 6% YoY with volume growth in emerging markets.
PepsiCo's Frito-Lay North America division generated $23.7 billion in 2023 sales, comprising 28% of total revenue.
Nestlé's beverage segment achieved CHF 17.2 billion in 2023 sales, growing 5.4% organically.
RTD coffee market share led by Starbucks with 15% globally in 2023.
Low/no-alcohol beer variants grew 28% in sales volume 2023 Europe.
High-protein snack bars captured 22% of U.S. nutrition bar market in 2023.
78% of food CPG packaging now recyclable, reducing plastic by 15% since 2020.
Water usage in beverage CPG production dropped 22% industry-wide 2015-2023.
45% of global CPG firms achieved Scope 3 emissions reporting compliance by 2023.

Global food and beverage CPG markets show strong growth driven by health and convenience trends.

Company Financials

Coca-Cola reported $45.8 billion in net revenues for 2023, up 6% YoY with volume growth in emerging markets.
PepsiCo's Frito-Lay North America division generated $23.7 billion in 2023 sales, comprising 28% of total revenue.
Nestlé's beverage segment achieved CHF 17.2 billion in 2023 sales, growing 5.4% organically.
Unilever's nutrition category (ice cream & beverages) posted €14.5 billion turnover in 2023, down 2% due to divestitures.
Mondelez International snacks revenue hit $36.0 billion in 2023, up 11.2% reported.
Danone's essential dairy & plant-based sales reached €13.8 billion in 2023, +4.2% like-for-like.
Procter & Gamble's grooming & fabric care (adjacent CPG) at $36.5B, but food/bev minimal; focus on overall $82B.
Kellogg's (now Kellanova) North America cereals sales $3.2B in 2023, flat YoY.
AB InBev global beer revenues $59.4 billion in 2023, +7.8% revenue growth.
General Mills net sales $20.1 billion in FY2023, with U.S. Retail up 5%.
Hershey Company confectionery sales $11.5 billion in 2023, +7% organic growth.
Campbell Soup Company snacks division $1.9B in FY2023, growing 8%.
Constellation Brands beer segment $7.2B FY2023, +11% net sales growth.
Kraft Heinz revenues $26.6 billion in 2023, -6.7% YoY amid volume declines.
Diageo spirits sales £17.1 billion in FY2023, +9% organic growth.
Conagra Brands foodservice revenues $3.0B FY2023, down 4%.
Post Holdings foodservice $1.8B FY2023, +12% growth.
McCormick & Company consumer segment $4.1B FY2023, +4% growth.
J.M. Smucker pet food $1.2B FY2023, +9% net sales.
Keurig Dr Pepper beverages $14.8B 2023, +6.5% net sales.
Beyond Meat net revenue $343.4M 2023, down 30.5% YoY.
Oatly Group revenues SEK 5.9B 2023, flat YoY.
Red Bull GmbH sales €10.0 billion in 2023, +7.2% growth.
Chobani yogurt revenues $2.5B est. 2023, private company growth 15%.
Monster Beverage $7.1B net sales 2023, +13.2% growth.

Company Financials Interpretation

Amidst a year where giants like Coca-Cola and PepsiCo continued to feast, the numbers tell a tale of resilient indulgence, with legacy snacks and beverages holding strong even as some health-adjacent brands like Beyond Meat found consumers weren’t buying what they were selling.

Consumer Behavior

45% of global consumers aged 18-34 prioritize convenience in food CPG purchases, influencing 28% market growth.
62% of U.S. shoppers now buy food CPG online weekly, up from 41% in 2020.
Health claims on packaging drive 73% of beverage CPG purchase decisions among millennials globally.
51% of European consumers avoid sugar-sweetened food CPG, boosting low-sugar segment by 15%.
Gen Z (born 1997-2012) represents 27% of global food CPG spend, favoring sustainable brands 2x more.
68% of Asian consumers seek plant-based options in CPG, driving 22% category penetration growth.
Impulse buying accounts for 43% of snack CPG sales in U.S. convenience stores.
55% of parents prioritize kid-friendly packaging in food CPG, influencing $95 billion segment.
Loyalty programs boost repeat CPG beverage purchases by 37% among 35-54 age group.
71% of low-income consumers in Latin America choose value-pack food CPG formats.
Ethnic flavors influence 49% of U.S. food CPG trials among diverse demographics.
64% of women globally cite portion control as key in beverage CPG selection.
Subscription models retain 82% of food CPG customers after first year.
58% of Boomers prefer traditional retail for beverage CPG vs. 32% digital natives.
Clean label claims sway 76% of organic food CPG buyers in Europe.
67% of urban consumers snack 3+ times daily, fueling $500B CPG category.
Price sensitivity rose to 79% among global CPG shoppers post-2023 inflation.
53% of vegans/vegetarians drive 18% growth in dairy-free CPG beverages.
Social media influences 61% of Gen Z food CPG discoveries.
72% of health-focused consumers read nutrition labels on CPG packs daily.
Regional cuisines boost trial rates by 34% in multicultural food CPG markets.
59% prefer recyclable packaging in beverage CPG, willing to pay 10% premium.
Nighttime snacking occasions represent 28% of total food CPG volume globally.

Consumer Behavior Interpretation

While Gen Z’s sustainable cravings and online grocery carts are reshaping the market, a relentless pursuit of convenience, health, and value now drives every impulse buy and loyalty sign-up, proving that today’s consumer expects brands to be as versatile as they are.

Market Size & Growth

In 2023, the global food and beverage CPG market reached a valuation of $6.4 trillion, with a projected CAGR of 5.2% from 2024 to 2030 driven by rising demand for convenience foods.
The U.S. food and beverage CPG sector generated $1.2 trillion in retail sales in 2023, marking a 3.8% year-over-year increase amid inflation pressures.
Asia-Pacific food CPG market is expected to grow at 6.1% CAGR through 2028, fueled by urbanization and a burgeoning middle class exceeding 2 billion consumers.
European beverage CPG industry hit €450 billion in 2023 sales, with non-alcoholic segments surging 4.2% due to health-conscious shifts.
Global snack food CPG category within food & beverage expanded to $512 billion in 2023, projected to $682 billion by 2030 at 4.2% CAGR.
U.S. CPG food market share held by private labels rose to 18.5% in 2023, contributing $220 billion in sales growth.
Plant-based food & beverage CPG segment grew 12.3% YoY in 2023, reaching $29.4 billion globally.
Bottled water CPG sales worldwide surged to $320 billion in 2023, with 7.1% CAGR forecast to 2029.
Organic food CPG market valued at $213 billion in 2023, expected to hit $437 billion by 2032 at 8.2% CAGR.
Ready-to-drink (RTD) beverages in CPG grew to $180 billion globally in 2023, up 9.4% from prior year.
Latin America food CPG market projected to grow from $450 billion in 2023 to $620 billion by 2030 at 4.6% CAGR.
Functional beverages CPG category reached $158 billion in 2023, with 8.5% CAGR anticipated through 2030.
Middle East & Africa beverage CPG sales hit $120 billion in 2023, growing 5.3% YoY due to population expansion.
Dairy alternatives in food CPG market expanded to $32 billion in 2023, forecasted 11.9% CAGR to 2030.
Energy drinks CPG segment generated $86 billion globally in 2023, up 7.8% from 2022.
North America food CPG e-commerce sales reached $150 billion in 2023, representing 15% of total category sales.
Global confectionery CPG market valued at $220 billion in 2023, projected 4.1% CAGR to 2030.
Alcoholic beverages CPG in Asia grew to $250 billion in 2023, with premiumization driving 6.2% growth.
Frozen food CPG category sales hit $380 billion worldwide in 2023, up 5.7% YoY.
Meal kit delivery CPG services reached $20 billion in 2023 globally, growing 12.1% CAGR forecast.
Pet food CPG (adjacent to food) valued at $140 billion in 2023, 5.4% CAGR to 2030.
Soft drinks CPG market stood at $460 billion in 2023, expected 4.3% CAGR through 2029.
Bakery products CPG generated $550 billion globally in 2023, with 3.9% growth projection.
Juice and nectar CPG sales reached $130 billion in 2023, declining 1.2% due to health trends.
Canned food CPG market valued at $190 billion in 2023, 4.8% CAGR to 2032.

Market Size & Growth Interpretation

Even with inflation tightening belts and health trends sidelining sugary juices, the global appetite for everything from convenient snacks and premium spirits to plant-based alternatives and pet food proves that, while our tastes and wallets are fickle, our demand to eat, drink, and be merry remains a multi-trillion-dollar constant.

Product Trends

RTD coffee market share led by Starbucks with 15% globally in 2023.
Low/no-alcohol beer variants grew 28% in sales volume 2023 Europe.
High-protein snack bars captured 22% of U.S. nutrition bar market in 2023.
Fermented foods like kombucha saw 19% CAGR in CPG from 2018-2023.
Collagen-infused beverages launched 450+ SKUs in 2023 globally.
Keto-friendly food CPG products numbered 1,200+ new launches 2023.
Mood-boosting functional drinks rose 35% in claims 2023.
Plant-based cheese alternatives improved 40% in taste scores 2023.
Spicy flavor profiles in snacks surged 25% new products 2023 U.S.
Gut health yogurt variants claimed 18% market share 2023.
Zero-sugar sodas introduced 300+ SKUs globally 2023.
Upcycled ingredient foods launched 150+ CPG items 2023.
Adaptogen-infused teas grew 42% in North America 2023.
Meal replacement shakes with 20g+ protein hit 12% category growth.
Exotic fruit juices (e.g., açaí) up 15% in beverage CPG 2023.
Crunchy vegetable snacks replaced 20% chip volumes 2023.
Nootropic energy drinks launched 80+ brands 2023.
Hyaluronic acid hydration drinks up 50% claims 2023.
Savory yogurt dips expanded to 10% dairy alternative market.
Mushroom coffee hybrids captured 8% RTD coffee share 2023.

Product Trends Interpretation

Consumers are now performing a complex wellness calculus where a no-alcohol beer, a mood-boosting drink, a collagen shot, and a handful of crunchy vegetable snacks somehow equal one virtuous, albeit very specific, square on their emotional bingo card.

Sustainability & Regulations

78% of food CPG packaging now recyclable, reducing plastic by 15% since 2020.
Water usage in beverage CPG production dropped 22% industry-wide 2015-2023.
45% of global CPG firms achieved Scope 3 emissions reporting compliance by 2023.
EU plastic packaging tax impacted 12% cost increase for food CPG in 2023.
Palm oil deforestation-free claims reached 88% of snack CPG supply chains.
Food waste reduction initiatives saved $40B in CPG value chain 2023.
62% of consumers demand carbon-labeled food CPG products by 2025 regs.
Organic certification covered 95M hectares in food CPG sourcing 2023.
Beverage CPG recycled aluminum usage hit 75% globally 2023.
Fairtrade certified CPG products sales $12B in 2023.
GHG emissions from food CPG supply chains down 18% since 2018.
U.S. FDA banned 5 food additives in CPG effective 2023.
70% of CPG firms adopted regenerative agriculture on 10M acres 2023.
Plastic-free packaging pilots in beverage CPG reached 20 brands 2023.
EU deforestation regulation compliance deadline set for 2025 affecting 30% imports.
Water stewardship programs restored 1.2T liters for CPG industry 2023.
B Corp certified food CPG companies grew to 500+ in 2023.
Sugar reduction averaged 15% voluntary in CPG beverages 2015-2023.
Traceability tech (blockchain) adopted by 40% large CPG firms 2023.
Biodiversity commitments signed by 85% top 50 CPG companies.
Energy efficiency saved $5B in CPG manufacturing costs 2023.

Sustainability & Regulations Interpretation

The food and beverage CPG industry is making impressive strides toward sustainability, with reductions in plastic and water use alongside emissions reporting, but these efforts are tempered by the real costs of compliance and the urgent demands of consumers and regulations for even greater transparency and accountability.

Sources & References

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