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 global food and beverage landscape is being reshaped, propelled by a heightened consumer focus on wellness and a dynamic shift in purchasing habits that continue to define the market heading into 2026.
Consumer Trends
Consumer Trends Interpretation
Employment
Employment Interpretation
Market Size
Market Size Interpretation
Production
Production Interpretation
Supply Chain
Supply Chain Interpretation
Sustainability
Sustainability Interpretation
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