The Latest Food Beverage Industry Statistics Explained
The annual growth of the beverage market in the U.S. was 3.7% (2020).
The statistic indicates that the beverage market in the United States experienced an annual growth rate of 3.7% in the year 2020. This growth rate represents the percentage increase in the total sales or revenue generated by the beverage market compared to the previous year. A growth rate of 3.7% suggests a moderate expansion in the market demand for beverages, which can be influenced by factors such as changing consumer preferences, economic conditions, and industry trends. This statistic provides valuable insight into the performance of the beverage market and can be used by industry stakeholders, investors, and policymakers to assess market trends and make informed decisions.
Global non-alcoholic beverage market size was valued at USD 967.3 billion in 2019.
The statistic signifies that the global non-alcoholic beverage market, including products such as soft drinks, bottled water, energy drinks, and juices, was estimated to be worth USD 967.3 billion in 2019. This value represents the total revenue generated from the sales of non-alcoholic beverages across various regions worldwide during that year. The figure indicates the significant scale and economic importance of the non-alcoholic beverage industry on a global scale. This statistic is crucial for understanding the market’s size, growth potential, and overall impact on the global economy, highlighting the demand and consumption patterns of non-alcoholic beverages by consumers worldwide.
Approximately 48% of U.S. consumers’ daily caloric intake comes from food and beverages consumed on the go.
The statistic indicates that nearly half of the daily caloric intake of U.S. consumers is derived from food and drinks consumed while on the move, such as snacks, fast food, or beverages purchased from convenience stores or food trucks. This suggests that a significant portion of Americans are relying on quick and convenient options for their nutrition, potentially leading to a higher consumption of processed or unhealthy foods that are often associated with higher sugar, fat, and calorie content. This trend may point to a shift in dietary habits influenced by busy lifestyles and a culture of convenience, highlighting the importance of promoting healthier eating options and behaviors among consumers to support overall health and well-being.
The global bottled water market is expected to reach USD 494.1 billion by 2028.
The statistic indicates the projected size of the global bottled water market by the year 2028, with an expected value of USD 494.1 billion. This estimate reflects the anticipated growth and expansion of the bottled water industry over the next several years, driven by factors such as increasing consumer awareness of health and wellness, convenience, and the growing preference for bottled water over sugary beverages. The forecasted market value serves as a valuable insight for industry stakeholders, investors, and policymakers in understanding the potential economic impact and opportunities within the bottled water sector.
The alcoholic beverage market should exceed $1.5 trillion by 2022.
The statistic “The alcoholic beverage market should exceed $1.5 trillion by 2022” indicates that the overall global market value for alcoholic beverages is expected to surpass $1.5 trillion within the year 2022. This projection suggests significant growth in the alcoholic beverage industry, driven by various factors such as changing consumer preferences, increasing disposable incomes, and expanding markets. The anticipated growth highlights the continued demand for alcoholic beverages worldwide and presents opportunities for companies operating in this sector to capitalize on this trend through strategic marketing, product innovation, and market expansion efforts.
Organic food sales were $47.9 billion in the US in 2018.
The statistic “Organic food sales were $47.9 billion in the US in 2018” indicates the total amount of money spent on organic food products within the United States during the year 2018. This figure represents the sum of sales generated by organic food items, which are produced without the use of synthetic pesticides, fertilizers, or genetically modified organisms. The high value of $47.9 billion suggests a significant consumer demand for organic food products in the US, reflecting a growing trend towards healthier and environmentally sustainable food choices among the population. This statistic serves as a key indicator of the market size and economic impact of the organic food industry within the country.
The value of the global tea market is expected to reach $68.95 billion by 2027.
The statistic that the value of the global tea market is projected to reach $68.95 billion by 2027 indicates the anticipated growth and size of the tea industry in the coming years. This forecast suggests that the demand for tea products worldwide is expected to increase significantly, leading to a substantial market value by 2027. Factors such as rising consumer awareness of the health benefits of tea, evolving consumer preferences towards natural and organic products, and increasing global connectivity driving the popularity of various tea varieties are likely contributing to this market growth projection. As a result, businesses operating in the tea industry may need to adapt their strategies to cater to the growing market demand and capitalize on the potential opportunities presented by this expanding market.
The fast food market is expected to reach $690.80 billion by 2022.
This statistic suggests that the fast food market is projected to grow significantly and reach a size of $690.80 billion by the year 2022. This indicates a strong demand for fast food products and services among consumers globally. The expected growth in the market size signifies opportunities for businesses operating in the fast food industry to expand their operations and potentially increase their profits. Factors such as changing consumer preferences, urbanization, and fast-paced lifestyles are likely contributing to this growth trend in the fast food market. Overall, this statistic underscores the continued relevance and economic significance of the fast food industry in the upcoming years.
The United States soft drink industry contribution to the gross domestic product in 2019 was 0.33%.
The statistic indicating that the United States soft drink industry contributed 0.33% to the country’s gross domestic product (GDP) in 2019 suggests that this specific sector played a relatively small but still notable role in the overall economic output of the nation during that year. While 0.33% may seem like a modest percentage, it signifies the industry’s impact on the economy through its production, employment, revenue generation, and consumption activities. The statistic underscores the significance of the soft drink industry within the country’s broader economic landscape, even though it represents only a fraction of the total GDP._tracking.
In 2019, the per capita consumption of bottled water in the U.S. totaled approximately 43.7 gallons.
The statistic indicates that in 2019, the average amount of bottled water consumed per person in the United States was approximately 43.7 gallons. This figure reflects the significant popularity and widespread consumption of bottled water among individuals in the U.S. The high per capita consumption of bottled water suggests that it is a commonly chosen beverage option for many Americans, likely driven by factors such as convenience, accessibility, health preferences, and concerns about water quality. This statistic provides insights into consumer behaviors and preferences related to beverage consumption, highlighting the importance of bottled water in meeting hydration needs for individuals in the U.S.
Europe has the largest market share in the alcoholic beverages market of nearly 34.7% in 2018.
The statistic indicates that Europe held the largest market share in the global alcoholic beverages market in 2018, accounting for approximately 34.7% of the total market. This suggests that Europe was a significant player in the industry, with a sizeable portion of global sales attributed to the region. The high market share could be influenced by various factors such as the cultural significance of alcohol in Europe, the presence of well-established breweries and wineries, and the popularity of European alcoholic beverages worldwide. This statistic highlights Europe’s prominence in the alcoholic beverages market and underscores the region’s importance in the global industry landscape.
Coffee consumption is expected to reach 167.9 million 60 kilogram bags by 2023.
The statistic “Coffee consumption is expected to reach 167.9 million 60-kilogram bags by 2023” represents a forecast of the total quantity of coffee that is anticipated to be consumed globally in the year 2023. Specifically, the estimate is for 167.9 million bags, where each bag weighs 60 kilograms. This projection is based on various factors such as current consumption trends, population growth, economic conditions, and emerging markets. It highlights the significant demand for coffee worldwide and suggests growth in the coffee industry in the coming years. This statistic is valuable for coffee producers, retailers, and policymakers to plan their strategies and operations accordingly to meet the anticipated demand.
The global convenience food market size was valued at USD 582.80 billion in 2019.
The statistic indicates that the total market value of convenience foods worldwide was USD 582.80 billion in 2019. Convenience foods are typically ready-to-eat or easy-to-prepare food products that cater to consumers’ busy lifestyles and desire for convenience. This robust market size highlights the significant demand for convenience foods across various regions, driven by factors such as changing consumer preferences, urbanization, and rising disposable incomes. The growth in this market signifies the importance of convenience and ease in food consumption for a large portion of the global population, which has led to the expansion and diversification of convenience food offerings by food manufacturers and retailers to meet the evolving needs of consumers.
There are about 38,241 grocery stores in the United States that record $2 million or more in revenue.
The statistic indicates that there are approximately 38,241 grocery stores in the United States that achieve annual revenues of $2 million or higher. This figure highlights the significant number of grocery stores across the country that have reached a certain threshold of financial success. This information is valuable for understanding the scale and economic impact of the grocery industry in the United States, indicating a substantial market presence in terms of revenue generation. Additionally, it suggests a level of competitiveness and market saturation within the grocery sector, as only a portion of the total number of grocery stores in the country are able to reach this revenue milestone.
The European food & beverages sector is expected to show an annual growth rate (CAGR 2020-2025) of 3.5%.
The statistic stating that the European food & beverages sector is expected to exhibit an annual growth rate (CAGR 2020-2025) of 3.5% signifies the projected average annual growth rate of the sector over the specified five-year period. This indicates that the industry is anticipated to experience a positive trajectory, with an average expansion of 3.5% each year during the referenced time frame. This statistic can be used by investors, businesses, policymakers, and other stakeholders to gain insights into the anticipated performance and potential opportunities within the European food & beverages sector in the upcoming years.
Conclusion
The food and beverage industry statistics offer valuable insights into consumer trends, market dynamics, and emerging opportunities within the sector. By analyzing these statistics, businesses can make data-driven decisions to enhance their competitiveness, improve customer satisfaction, and drive growth. Staying informed about the latest industry trends and statistics is essential for companies looking to succeed in the ever-evolving food and beverage landscape.
References
0. – https://www.www.ibisworld.com
1. – https://www.www.grandviewresearch.com
2. – https://www.www.statista.com
3. – https://www.www.mordorintelligence.com
4. – https://www.www.ota.com
5. – https://www.www.alliedmarketresearch.com
