Global retail sales of packaged foods grew by 8.3% in 2023. For manufacturers in the sector, however, operating pressures persisted, with 41% citing ingredient costs as the primary driver of price increases.
Key Takeaways
- $2.5 trillion global food and beverage market size in 2023 (excluding restaurant services)
- In 2023, the U.S. food and beverage manufacturing sector generated $1.2 trillion in sales
- The U.S. beverage manufacturing industry (NAICS 312) posted $347.1 billion in value of shipments in 2023
- In 2023, global retail sales of packaged foods increased by 8.3% year-on-year (Euromonitor-reported growth)
- In 2023, 16% of U.S. grocery shoppers reported purchasing private label at least once a week (IRI/NIQ retail shopper survey figure reported by Reuters via NICHE)
- In 2023, ingredient costs were identified as the biggest driver of food price increases by 41% of surveyed food manufacturers (IFDA/industry survey cited by McKinsey)
- U.S. wholesale food prices increased 5.0% in 2023 (Producer Price Index for foods)
- U.S. food processing wages averaged $18.90 per hour in 2023 (BLS Occupational Employment and Wage Statistics for food processing)
- EU packaging waste recycling rate reached 65% in 2021 (European Commission)
- The EU’s Packaging and Packaging Waste Regulation targets 2030 recycling targets for packaging categories, including 75% for plastic bottles by 2030 (Council/Parliament text)
- As of 2024, the EU’s Single-Use Plastics Directive restricts certain plastic products including straws, cutlery, plates, and stirrers (EU law)
- In 2023, global spending on supply chain management software reached $64.7 billion (Gartner estimate reported by vendor research)
- $8.6 billion global food and beverage packaging automation market size forecast for 2023 (Fortune Business Insights estimate)
- In 2023, the global RFID in retail and supply chain market was valued at $2.0 billion (MarketsandMarkets estimate for RFID in supply chain)
- 32% of food and beverage manufacturers reported experiencing supply chain disruptions in 2023, based on a survey of manufacturers on disruption frequency and severity
Rising costs, shipping gains, and stronger compliance drove big 2023 growth in packaged foods and beverages.
Related reading
01 · Category
Market Size9 stats
01
$2.5 trillion global food and beverage market size in 2023 (excluding restaurant services)
02
In 2023, the U.S. food and beverage manufacturing sector generated $1.2 trillion in sales
03
The U.S. beverage manufacturing industry (NAICS 312) posted $347.1 billion in value of shipments in 2023
04
The U.S. food manufacturing industry (NAICS 311) posted $1.0 trillion in value of shipments in 2023
05
Germany’s food & beverage industry produced €190.6 billion in revenue in 2023
06
France’s food & beverage industry revenue was €210.0 billion in 2022
07
Mexico’s food and beverage industry revenue was $281.0 billion in 2022
08
11.6% year-over-year growth in U.S. carbonated soft drinks (CSD) value sales in 2023, reflecting beverage category growth within food retail
09
10.1% year-over-year growth in U.S. bottled water category value sales in 2023, reflecting sales expansion in a major packaged beverage segment
Interpretation
Market Size Interpretation
The Food Beverage CPG market is already massive at about $2.5 trillion globally in 2023, with the US alone reaching $1.2 trillion in food and beverage manufacturing sales and $347.1 billion in beverage shipments in 2023, underscoring that this Market Size category represents a large and still highly active consumer staple spending base.
02 · Category
Demand & Consumption2 stats
01
In 2023, global retail sales of packaged foods increased by 8.3% year-on-year (Euromonitor-reported growth)
02
In 2023, 16% of U.S. grocery shoppers reported purchasing private label at least once a week (IRI/NIQ retail shopper survey figure reported by Reuters via NICHE)
Interpretation
Demand & Consumption Interpretation
Demand in the Food Beverage CPG market appears to be strengthening, with global packaged food retail sales up 8.3% year on year in 2023 and 16% of US grocery shoppers buying private label at least weekly, showing both overall consumption momentum and steady penetration of value-focused brands.
03 · Category
Operating Costs6 stats
01
In 2023, ingredient costs were identified as the biggest driver of food price increases by 41% of surveyed food manufacturers (IFDA/industry survey cited by McKinsey)
02
U.S. wholesale food prices increased 5.0% in 2023 (Producer Price Index for foods)
03
U.S. food processing wages averaged $18.90per hour in 2023 (BLS Occupational Employment and Wage Statistics for food processing)
04
Freight rates fell 11% in 2023 versus 2022 on average for global container shipping (World Bank/UNCTAD data cited)
05
In 2024, U.S. industrial electricity price averaged 11.7 cents per kWh (EIA)
06
U.S. labor productivity in food manufacturing increased by 1.6% in 2023 (BLS Multifactor Productivity for NAICS 311/3118 where reported)
Interpretation
Operating Costs Interpretation
Operating costs in the Food Beverage CPG sector are being most pressured by ingredients, which drove 41% of manufacturers to cite them as the biggest driver of food price increases in 2023 even as other cost drivers like freight fell 11% and labor productivity rose 1.6%.
04 · Category
Sustainability & Compliance5 stats
01
EU packaging waste recycling rate reached 65% in 2021 (European Commission)
02
The EU’s Packaging and Packaging Waste Regulation targets 2030 recycling targets for packaging categories, including 75% for plastic bottles by 2030 (Council/Parliament text)
03
As of 2024, the EU’s Single-Use Plastics Directive restricts certain plastic products including straws, cutlery, plates, and stirrers (EU law)
04
In 2023, FDA reported 2,186 food recalls were classified as class I (highest risk) across the year (FDA recall database summary)
05
In 2023, FDA conducted 56,779 total inspections of food facilities in the U.S. (FDA annual enforcement summary)
Interpretation
Sustainability & Compliance Interpretation
Sustainability and compliance are tightening across the food and beverage CPG sector as the EU pushed packaging recycling to 65% in 2021 and set ambitious 2030 recycling targets like 75% for plastic bottles while the FDA simultaneously escalated oversight with 2,186 class I food recalls and 56,779 food facility inspections in 2023.
05 · Category
Technology & Automation8 stats
01
In 2023, global spending on supply chain management software reached $64.7 billion (Gartner estimate reported by vendor research)
02
$8.6 billion global food and beverage packaging automation market size forecast for 2023 (Fortune Business Insights estimate)
03
In 2023, the global RFID in retail and supply chain market was valued at $2.0 billion (MarketsandMarkets estimate for RFID in supply chain)
04
$18.0 billion global computer vision in manufacturing market projected for 2024 (MarketsandMarkets)
05
$3.6 billion global digital twin market in 2023 forecast for manufacturing use cases (Fortune Business Insights)
06
Global cybersecurity spending reached $188.3 billion in 2023 (Gartner)
07
In 2022, ransomware affected 39% of manufacturers (IBM Cost of a Data Breach report manufacturer subset)
08
U.S. FDA’s unique device identification (UDI) is not applicable to food, but FDA’s FSMA modernization uses data systems for compliance; in 2022, FDA reported 111,000 inspections completed under FSMA-related authorities (FDA annual report)
Interpretation
Technology & Automation Interpretation
In 2023 and 2024, Food and Beverage CPG companies are clearly doubling down on Technology and Automation, with supply chain software spending hitting $64.7 billion in 2023 and packaging automation forecast at $8.6 billion in 2023, while larger investments in RFID at $2.0 billion, cybersecurity at $188.3 billion, and computer vision reaching $18.0 billion in manufacturing by 2024 show that operational efficiency and connected visibility are becoming board-level priorities.
More related reading
06 · Category
Industry Trends2 stats
01
32% of food and beverage manufacturers reported experiencing supply chain disruptions in 2023, based on a survey of manufacturers on disruption frequency and severity
02
65% of food manufacturers say they are prioritizing traceability technologies (e.g., serialization, track-and-trace, data sharing) to improve compliance and recall management
Interpretation
Industry Trends Interpretation
Industry Trends in the food and beverage CPG sector are being shaped by volatility and visibility needs, with 32% of manufacturers reporting supply chain disruptions in 2023 alongside 65% prioritizing traceability technologies to improve transparency.
07 · Category
Cost Analysis3 stats
01
3.1% average annual growth rate of global food and beverage e-commerce through 2027 (CAGR), describing expected expansion of online grocery/food purchase channels
02
4.5% U.S. food-away-from-home price increase in 2023 (CPI-U component), quantifying the cost impact on consumer spending for prepared meals
03
26% of food and beverage executives reported that energy costs were a top operational cost driver in 2023, from a 2024 industry survey focused on cost pressures
Interpretation
Cost Analysis Interpretation
From the cost analysis perspective, energy is emerging as a major pressure point with 26% of food and beverage executives citing it as a top operational cost driver in 2023, while consumers are also facing higher meal prices with a 4.5% increase in 2023 for food away from home.
08 · Category
Compliance & Safety3 stats
01
98% of U.S. food manufacturers reported having documented food safety plans in place (survey-based), indicating high prevalence of formal preventive controls documentation
02
56,779 total U.S. food facility inspections completed in 2023 (FSMA and related authorities, as reported by FDA), indicating enforcement coverage scale
03
111,000 FSMA-related inspections completed in 2022 (FDA reported), indicating inspection execution under FSMA modernization authorities
Interpretation
Compliance & Safety Interpretation
With 98% of US food manufacturers reporting documented food safety plans and FDA completing 56,779 facility inspections in 2023 plus 111,000 FSMA related inspections in 2022, compliance and safety enforcement is both widespread on paper and actively verified through ongoing inspections.
09 · Category
Technology Adoption2 stats
01
24% of food and beverage manufacturing sites reported using advanced machine vision for quality inspection in production by 2023, reflecting adoption of computer-vision inspection systems
02
49% of food manufacturers reported using real-time production monitoring dashboards in 2023 (survey-based operational visibility indicator)
Interpretation
Technology Adoption Interpretation
In the technology adoption trend, adoption is gaining momentum with 49% of food manufacturers using real-time production monitoring dashboards by 2023 and 24% deploying advanced machine vision for quality inspection, showing a clear shift toward data-driven automation on the factory floor.
report visual · Comparison
Growth and demand signals across packaged food & beverage
Year-over-year growth indicators show expansion in key beverage categories and packaged food retail.
11.6% year-over-year growth in U.S. carbonated soft drinks (CSD) value sales in 2023, reflecting beverage category growt11.6%
10.1% year-over-year growth in U.S. bottled water category value sales in 2023, reflecting sales expansion in a major pa
10.1%
In 2023, global retail sales of packaged foods increased by 8.3% year-on-year (Euromonitor-reported growth)
8.3%
source-verifiedeuromonitor.com · statista.com2023
Reference
Cite This Report
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APA
Marie Larsen. (2026, February 13). Food Beverage Cpg Industry Statistics. Gitnux. https://gitnux.org/food-beverage-cpg-industry-statistics
MLA
Marie Larsen. "Food Beverage Cpg Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/food-beverage-cpg-industry-statistics.
Chicago
Marie Larsen. 2026. "Food Beverage Cpg Industry Statistics." Gitnux. https://gitnux.org/food-beverage-cpg-industry-statistics.
Sources & references
40 datasets cited across this report · attribution is report-level
+17 additional datasets cited (not shown individually)