Key Takeaways
- The global food and beverage market size was valued at USD 5,632.62 billion in 2022 and is projected to reach USD 9,932.74 billion by 2030, growing at a CAGR of 7.5% from 2023 to 2030
- In 2023, the U.S. food and beverage industry generated over $1.2 trillion in retail sales, accounting for 13.5% of total U.S. retail sales
- The beverage segment of the global food and beverage market is expected to grow from USD 1.8 trillion in 2023 to USD 2.5 trillion by 2028 at a CAGR of 7.1%
- 67% of global consumers prefer plant-based milk alternatives over dairy in 2023 surveys
- 45% of U.S. millennials purchase organic foods weekly, compared to 28% of boomers, per 2023 data
- 72% of consumers worldwide seek low-sugar products, driving reformulations in beverages
- Global wheat production reached 784 million metric tons in 2022/23 season, up 0.8% YoY
- U.S. corn output hit record 15.34 billion bushels in 2023, with ethanol use at 5.45 billion
- Global dairy production forecasted at 905 million metric tons in 2023, led by India at 22.6%
- U.S. supply chain disruptions affected 78% of food manufacturers in 2022, delaying deliveries by avg 4 weeks
- Global food logistics market valued at $230 billion in 2023, expected CAGR 6.5% to 2030
- 45% of U.S. beverage companies faced packaging shortages in 2023, increasing costs 15%
- U.S. food industry employment totaled 21.2 million jobs in 2023, 10% of total workforce
- Global F&B manufacturing employed 30 million direct jobs in 2022
- U.S. restaurant industry workforce 15.9 million in 2023, avg wage $18.50/hour
The food and beverage industry is rapidly growing globally, driven by health trends and shifting consumer demands.
Consumer Trends
- 67% of global consumers prefer plant-based milk alternatives over dairy in 2023 surveys
- 45% of U.S. millennials purchase organic foods weekly, compared to 28% of boomers, per 2023 data
- 72% of consumers worldwide seek low-sugar products, driving reformulations in beverages
- In 2023, 58% of European shoppers bought functional foods for health benefits like immunity boost
- U.S. consumers spent 25% more on delivery and takeout in 2022 vs 2019, with 62% ordering weekly
- 81% of Gen Z prioritize sustainable packaging in food purchases, per 2023 global survey
- Asia-Pacific consumers increased ready-to-eat meal consumption by 18% in 2022 due to urbanization
- 39% of U.S. adults followed a specific diet in 2023, up from 32% in 2020, led by keto and vegan
- Global demand for non-alcoholic beer rose 20% in 2022, with 35% of young adults preferring it
- 54% of Brazilian consumers buy local/seasonal produce for freshness and sustainability, 2023 poll
- U.K. shoppers 76% influenced by health claims on packaging in 2023 purchases
- 63% of global consumers willing to pay premium for traceable food supply chains, 2023 study
- In India, 48% of urban consumers shifted to premium snacks in 2023, up 12% YoY
- 71% of Chinese consumers prefer low/no-alcohol beverages, driving 15% market growth in 2022
- U.S. Hispanic consumers 42% more likely to buy plant-based proteins than average, 2023 data
- 55% of French consumers reduced meat intake in 2023 for health and environment reasons
- Global online grocery penetration reached 13% of total sales in 2023, led by convenience seekers
- 68% of Australian parents buy fortified kids' foods for nutrition, 2023 survey
- Japan convenience store food sales up 10% in 2023, with 82% daily purchases by salarymen
- 49% of Canadian consumers tried fermented foods like kombucha in 2023 for gut health
- Mexico beverage consumers 60% prefer zero-calorie options, up 22% since 2020
- 74% of German shoppers read nutrition labels more frequently post-pandemic in 2023
- South Korea beauty-from-within functional foods sales grew 25% in 2023 among women 25-34
- 56% of Italian consumers favor artisanal/local cheeses over mass-produced, 2023 data
- U.S. senior citizens 40% increased functional beverage intake for joint health in 2023
- 65% of Spanish millennials snack on nuts/seeds for health, replacing chips, 2023 survey
Consumer Trends Interpretation
Employment
- U.S. food industry employment totaled 21.2 million jobs in 2023, 10% of total workforce
- Global F&B manufacturing employed 30 million direct jobs in 2022
- U.S. restaurant industry workforce 15.9 million in 2023, avg wage $18.50/hour
- India food processing sector jobs 7.5 million in 2023, projected to 9 million by 2025
- EU food and drink industry employed 4.7 million in 2022, 2% of total EU jobs
- Brazil agribusiness labor force 19 million in 2023, 20% of national employment
- U.S. beverage manufacturing added 12,000 jobs in 2023, unemployment rate 3.1%
- China F&B retail chain workers 10 million in 2023, turnover rate 25%
- Australia food manufacturing employment 220,000 in 2023, avg salary AUD 65,000
- U.K. hospitality sector 3.7 million jobs in 2023, 70% part-time or temporary
- Mexico F&B industry labor 4.2 million in 2023, 12% growth since 2020
- Global F&B logistics jobs 5 million, with 15% shortage in skilled drivers 2023
- Canada food processing workforce 250,000 in 2023, 40% immigrants
- South Africa agro-processing jobs 400,000 in 2023, unemployment in sector 28%
- U.S. women hold 47% of F&B manufacturing jobs in 2023, up from 42% in 2018
- Japan convenience store staff 4.5 million in 2023, avg hours 30/week part-time
- Germany brewery sector 130,000 employees in 2023, avg age 45 years
- Indonesia palm oil plantation workers 4 million in 2023, wage avg $200/month
- U.S. seasonal farm labor 300,000 H-2A visas issued in FY2023 for F&B supply
- France wine industry direct jobs 500,000 in 2023, 15% in viticulture
- Global F&B R&D staff 1.2 million, 20% growth since 2019 in plant-based focus
- Philippines food manufacturing 1 million jobs in 2023, 60% women
- U.S. F&B sector turnover rate 65% in restaurants 2023, highest post-COVID
Employment Interpretation
Market Size
- The global food and beverage market size was valued at USD 5,632.62 billion in 2022 and is projected to reach USD 9,932.74 billion by 2030, growing at a CAGR of 7.5% from 2023 to 2030
- In 2023, the U.S. food and beverage industry generated over $1.2 trillion in retail sales, accounting for 13.5% of total U.S. retail sales
- The beverage segment of the global food and beverage market is expected to grow from USD 1.8 trillion in 2023 to USD 2.5 trillion by 2028 at a CAGR of 7.1%
- North America held the largest share of the global food and beverage market with 35% revenue in 2022, driven by high disposable incomes and diverse product offerings
- The organic food and beverage market worldwide reached $218.5 billion in 2022 and is forecasted to grow to $437.8 billion by 2028 at a CAGR of 12.4%
- Asia-Pacific food and beverage market is projected to grow at the highest CAGR of 8.2% from 2023 to 2030 due to urbanization and rising middle class
- U.S. non-alcoholic beverage sales totaled $456 billion in 2022, with bottled water leading at $40 billion
- The global ready-to-drink (RTD) tea market was valued at $65.5 billion in 2022 and expected to reach $114.3 billion by 2030 at CAGR 7.3%
- European food and beverage e-commerce sales hit €32 billion in 2022, up 15% from previous year
- The plant-based food market globally was $29.4 billion in 2020 and projected to $162 billion by 2030 at CAGR 18.7%
- Global snack food market size stood at $503.84 billion in 2022, expected to grow to $790.34 billion by 2030 at CAGR 5.8%
- In 2023, U.S. craft beer production reached 24.4 million barrels, representing 12.4% of total U.S. beer production
- The functional beverage market worldwide was valued at $158.28 billion in 2022 and projected to $215.32 billion by 2027 at CAGR 6.32%
- Latin America food and beverage market expected to grow from $1.2 trillion in 2023 to $1.8 trillion by 2030 at CAGR 6.1%
- U.S. dairy market revenue was $127.5 billion in 2022, with cheese segment at $47.8 billion
- Global energy drinks market size was $59.30 billion in 2022 and expected to reach $108.28 billion by 2031 at CAGR 6.9%
- In 2022, the Middle East and Africa food and beverage market was valued at $450 billion, growing at 5.5% CAGR through 2028
- U.S. confectionery market sales reached $40.2 billion in 2022, up 8% YoY
- Global frozen food market was $284.29 billion in 2022, projected to $526.94 billion by 2032 at CAGR 6.4%
- China food and beverage market size estimated at $1.5 trillion in 2023, largest in Asia-Pacific
- The U.S. coffee market generated $48.3 billion in revenue in 2022
- Global soft drinks market valued at $496.16 billion in 2022, expected to grow to $665.34 billion by 2030 at CAGR 3.7%
- India packaged food market reached $58.9 billion in FY2023, growing at 13% CAGR
- European bakery products market size was €140 billion in 2022
- Global meat substitutes market valued at $7.8 billion in 2022, projected to $35.5 billion by 2030 at CAGR 20.7%
- U.S. alcohol e-commerce sales hit $6 billion in 2023, up 25% from 2022
- The pet food market, a subset of F&B, was $103 billion globally in 2023
- Brazil beverage market revenue $62 billion in 2022, led by soft drinks at 40%
- Global sauces and condiments market $173.75 billion in 2023, to $237.9 billion by 2030 at CAGR 4.4%
- U.K. food and drink manufacturing turnover £110 billion in 2022
Market Size Interpretation
Production
- Global wheat production reached 784 million metric tons in 2022/23 season, up 0.8% YoY
- U.S. corn output hit record 15.34 billion bushels in 2023, with ethanol use at 5.45 billion
- Global dairy production forecasted at 905 million metric tons in 2023, led by India at 22.6%
- Brazil soybean harvest yielded 155 million metric tons in 2022/23, world's largest exporter
- EU-27 sugar beet production was 124.5 million tons in 2022/23, down 12% due to drought
- China pork production reached 54.5 million tons in 2022, recovering post-ASF
- U.S. beef production totaled 27.2 billion pounds in 2023, up 1.8% from 2022
- India rice production estimated at 135 million tons for 2023/24, largest globally
- Global coffee production 170.3 million 60kg bags in 2022/23, Brazil 66.3 million bags
- Argentina wheat crop 14.5 million tons in 2022/23, down 50% due to La Niña drought
- Netherlands greenhouse vegetable production covers 1,000 hectares tomatoes yielding 700,000 tons annually
- U.S. almond production record 3 billion pounds in 2023/24, California 80% of global supply
- Indonesia palm oil output 46.5 million tons in 2022, 54% of world total
- Canada canola production 19 million metric tons in 2023/24, up 16% YoY
- Spain olive oil production 765,000 tons in 2022/23, down 40% from average
- U.K. beer production 4.85 billion liters in 2022, down 2% YoY
- Thailand sugar production 10.2 million tons in 2022/23, second largest exporter
- U.S. poultry production 47.5 billion pounds in 2023, broilers 44.8 billion
- Australia wine grape crush 1.77 million tons in 2023, highest in 5 years
- Russia sunflower seed production 16.3 million tons in 2022/23, up 12%
- Mexico avocado production 2.5 million tons in 2022, 30% global supply
- Global cocoa production 5.1 million tons in 2022/23, Ivory Coast 40%
- New Zealand dairy exports 3.8 billion kg milk solids in 2023 FY
- Ukraine corn export 25 million tons in MY 2022/23 despite war disruptions
- Peru asparagus production 400,000 tons in 2022, 90% exported
Production Interpretation
Supply Chain
- U.S. supply chain disruptions affected 78% of food manufacturers in 2022, delaying deliveries by avg 4 weeks
- Global food logistics market valued at $230 billion in 2023, expected CAGR 6.5% to 2030
- 45% of U.S. beverage companies faced packaging shortages in 2023, increasing costs 15%
- China cold chain logistics penetration only 25% for perishables vs 80% in developed markets, 2023 data
- EU food imports from non-EU countries totaled €170 billion in 2022, 15% increase YoY
- U.S. port congestion added $1,000 per container in food import costs in 2022 peak
- 62% of global F&B firms use blockchain for traceability, up from 32% in 2020
- India food processing logistics costs 14% of GDP vs global avg 8%, hindering efficiency
- Brazil soybean export logistics via Paranagua port handled 50 million tons in 2022
- Global reefer container shortage impacted 20% of seafood shipments in 2023
- U.K. post-Brexit border checks delayed 10% of EU food imports by 24+ hours in 2023
- Asia-Pacific air freight for perishables grew 12% in 2023, handling 2.5 million tons
- U.S. truck driver shortage 80,000 in 2023 affected F&B delivery times by 20%
- Africa food supply chain waste 30-40% pre-consumer due to poor infrastructure, 2023 FAO report
- Global pallet usage in F&B 2.5 billion annually, with plastic pallets up 15% adoption
- Canada rail strikes disrupted 25% of grain transport in 2023
- Mexico nearshoring boosted U.S.-Mexico food trade 18% to $100 billion in 2023
- EU sustainable sourcing compliance 65% for cocoa imports in 2023
- U.S. warehouse vacancy rate for food storage dropped to 5% in 2023 amid e-com boom
- Global fertilizer supply chain disruptions cut usage 8% in 2022 crops
- Australia wine export logistics to Asia via sea freight 70% of volume, delays avg 10 days 2023
- Russia-Ukraine war raised global wheat freight rates 50% in 2022/23
Supply Chain Interpretation
Sustainability
- Global F&B industry water usage 70% of total manufacturing water in 2022
- 33% of global food production wasted annually, 1.3 billion tons worth $1 trillion
- U.S. F&B packaging 40% plastic, with 75% recyclable but only 30% recycled in 2023
- EU F&B GHG emissions 17% of total, meat/dairy 70% of sector emissions 2022
- Global sustainable seafood sourcing 25% of volume in 2023, up from 15% 2018
- Brazil deforestation for soy fell 50% since 2019 moratorium, 2023 satellite data
- U.S. organic farmland 5.3 million acres in 2022, 1% of total but growing 5% YoY
- China F&B renewable energy use in factories 28% in 2023, target 50% by 2030
- Global palm oil RSPO certified 22 million tons in 2023, 60% of production
- U.K. food waste reduced 18% since 2007, still 6.4 million tons household/year 2023
- India F&B water recycling rate avg 40% in large plants 2023
- Australia wine industry carbon footprint 2.5 kg CO2 per bottle avg 2023
- Global F&B biodiversity initiatives cover 15% of supply chains in 2023
- U.S. dairy methane emissions cut 11% since 2016 via feed additives 2023 data
- EU plastic ban on single-use in F&B reduced usage 30% since 2021
- Africa F&B solar-powered cold storage up 40% since 2020, serving 10 million farmers
- Japan F&B zero-waste factories 150 in 2023, diverting 95% landfill
- Global fair trade certified F&B products sales $12 billion in 2023
- Canada F&B Scope 3 emissions reporting 55% of large firms in 2023
- Mexico avocado water use 320 liters/kg, sustainable irrigation covers 60% orchards 2023
- U.S. F&B regenerative agriculture 10 million acres committed by 2030, 2M in 2023
- Global cocoa farmer income avg $1,200/year, living income gap $2,200, 2023 study
Sustainability Interpretation
Sources & References
- Reference 1GRANDVIEWRESEARCHgrandviewresearch.comVisit source
- Reference 2NRFnrf.comVisit source
- Reference 3STATISTAstatista.comVisit source
- Reference 4MARKETSANDMARKETSmarketsandmarkets.comVisit source
- Reference 5FORTUNEBUSINESSINSIGHTSfortunebusinessinsights.comVisit source
- Reference 6BEVINDUSTRYbevindustry.comVisit source
- Reference 7ALLIEDMARKETRESEARCHalliedmarketresearch.comVisit source
- Reference 8BLOOMBERGbloomberg.comVisit source
- Reference 9BREWERSASSOCIATIONbrewersassociation.orgVisit source
- Reference 10MORDORINTELLIGENCEmordorintelligence.comVisit source
- Reference 11TRANSPARENCYMARKETRESEARCHtransparencymarketresearch.comVisit source
- Reference 12RESEARCHANDMARKETSresearchandmarkets.comVisit source
- Reference 13NIELSENIQnielseniq.comVisit source
- Reference 14PRECEDENCERESEARCHprecedenceresearch.comVisit source
- Reference 15IBISWORLDibisworld.comVisit source
- Reference 16IWSRiwsr.comVisit source
- Reference 17GOVgov.ukVisit source
- Reference 18MINTELmintel.comVisit source
- Reference 19OTAota.comVisit source
- Reference 20INNOVAMARKETINSIGHTSinnovamarketinsights.comVisit source
- Reference 21NPDnpd.comVisit source
- Reference 22DELOITTEdeloitte.comVisit source
- Reference 23EUROMONITOReuromonitor.comVisit source
- Reference 24GFKgfk.comVisit source
- Reference 25KANTARkantar.comVisit source
- Reference 26IBMibm.comVisit source
- Reference 27MCKINSEYmckinsey.comVisit source
- Reference 28ROYALMORGANRESEARCHroyalmorganresearch.comVisit source
- Reference 29DALTONdalton.comVisit source
- Reference 30COLDIRETTIcoldiretti.itVisit source
- Reference 31NUTRAINGREDIENTS-USAnutraingredients-usa.comVisit source
- Reference 32USDAusda.govVisit source
- Reference 33NASSnass.usda.govVisit source
- Reference 34FAOfao.orgVisit source
- Reference 35CONABconab.gov.brVisit source
- Reference 36ECec.europa.euVisit source
- Reference 37MOAmoa.gov.cnVisit source
- Reference 38ERSers.usda.govVisit source
- Reference 39ICOico.orgVisit source
- Reference 40BCRbcr.com.arVisit source
- Reference 41WAGENINGENURwageningenur.nlVisit source
- Reference 42GAPKIgapki.idVisit source
- Reference 43STATCANstatcan.gc.caVisit source
- Reference 44INTERNATIONALOLIVEOILinternationaloliveoil.orgVisit source
- Reference 45BREWERSbrewers.orgVisit source
- Reference 46WINEAUSTRALIAwineaustralia.comVisit source
- Reference 47FASfas.usda.govVisit source
- Reference 48GOBgob.mxVisit source
- Reference 49ICCOicco.orgVisit source
- Reference 50STATSstats.govt.nzVisit source
- Reference 51MINAGRIminagri.gob.peVisit source
- Reference 52FOODPROCESSINGfoodprocessing.comVisit source
- Reference 53FREIGHTWAVESfreightwaves.comVisit source
- Reference 54FICCIficci.inVisit source
- Reference 55PORTOSDOPARANAportosdoparana.pr.gov.brVisit source
- Reference 56DREWRYdrewry.co.ukVisit source
- Reference 57IATAiata.orgVisit source
- Reference 58ATAata.orgVisit source
- Reference 59PALLETCENTRALpalletcentral.comVisit source
- Reference 60CBREcbre.usVisit source
- Reference 61IEAiea.orgVisit source
- Reference 62IMFimf.orgVisit source
- Reference 63BLSbls.govVisit source
- Reference 64ILOSTATilostat.ilo.orgVisit source
- Reference 65RESTAURANTrestaurant.orgVisit source
- Reference 66FOODDRINKEUROPEfooddrinkeurope.euVisit source
- Reference 67CNABRASILcnabrasil.org.brVisit source
- Reference 68ABSabs.gov.auVisit source
- Reference 69UKHOSPITALITYukhospitality.org.ukVisit source
- Reference 70INEGIinegi.org.mxVisit source
- Reference 71ITF-OECDitf-oecd.orgVisit source
- Reference 72DALRRDdalrrd.gov.zaVisit source
- Reference 73DOLdol.govVisit source
- Reference 74JFA-FCjfa-fc.or.jpVisit source
- Reference 75BRAUER-BUNDbrauer-bund.deVisit source
- Reference 76USCISuscis.govVisit source
- Reference 77VINSDEFRANCEvinsdefrance.comVisit source
- Reference 78IFSTifst.orgVisit source
- Reference 79PSApsa.gov.phVisit source
- Reference 80QSRMAGAZINEqsrmagazine.comVisit source
- Reference 81WATERFOOTPRINTwaterfootprint.orgVisit source
- Reference 82EPAepa.govVisit source
- Reference 83CLIMATEclimate.ec.europa.euVisit source
- Reference 84ISS-FOUNDATIONiss-foundation.orgVisit source
- Reference 85PRODESprodes.inpe.brVisit source
- Reference 86MEEmee.gov.cnVisit source
- Reference 87RSPOrspo.orgVisit source
- Reference 88WRAPwrap.org.ukVisit source
- Reference 89WBCSDwbcsd.orgVisit source
- Reference 90ENVIRONMENTenvironment.ec.europa.euVisit source
- Reference 91UNDPundp.orgVisit source
- Reference 92MAFFmaff.go.jpVisit source
- Reference 93WFTOwfto.comVisit source
- Reference 94CANADAcanada.caVisit source
- Reference 95APEAMapeam.orgVisit source
- Reference 96WORLDCOCOAFOUNDATIONworldcocoafoundation.orgVisit source






