Key Takeaways
- In 2023, the global food and beverage manufacturing market was valued at $4,528.5 billion, projected to reach $6,647.1 billion by 2030 at a CAGR of 5.6%.
- U.S. food manufacturing revenue reached $1,023 billion in 2022, with beverages contributing $184 billion.
- The beverage segment of the food and beverage industry grew by 4.2% in 2023, reaching $1,456 billion globally.
- Global food manufacturing output reached 4.1 billion tons in 2022.
- U.S. beverage production volume was 1.2 billion hectoliters in 2023.
- Worldwide soft drink production totaled 650 billion liters in 2022.
- U.S. employment in food manufacturing totaled 1.7 million jobs in 2023.
- Beverage manufacturing employed 300,000 workers in U.S. 2023.
- Global food processing workforce 35 million in 2022.
- Soft drinks hold 40% of U.S. non-alcoholic beverage sales in 2023.
- Dairy products accounted for 25% of global food manufacturing revenue 2022.
- Beverages represent 30% of U.S. food manufacturing output value 2023.
- Food industry generated 8% of global GHG emissions in 2022.
- 30% water reduction in beverage manufacturing by 2030 target U.S.
- 45% of food manufacturers adopted recyclable packaging 2023.
The global food and beverage manufacturing industry is a multi-trillion dollar market experiencing strong, sustained growth.
Economic Performance
- In 2023, the global food and beverage manufacturing market was valued at $4,528.5 billion, projected to reach $6,647.1 billion by 2030 at a CAGR of 5.6%.
- U.S. food manufacturing revenue reached $1,023 billion in 2022, with beverages contributing $184 billion.
- The beverage segment of the food and beverage industry grew by 4.2% in 2023, reaching $1,456 billion globally.
- North American food and beverage manufacturing generated $1.2 trillion in revenue in 2022.
- Processed food manufacturing in the EU accounted for €1.1 trillion in turnover in 2022.
- Asia-Pacific food and beverage market expanded at 6.1% CAGR from 2018-2023.
- U.S. soft drink manufacturing revenue hit $140.5 billion in 2023.
- Global dairy product manufacturing market size was $837.5 billion in 2022.
- Bakery products manufacturing generated $450 billion globally in 2023.
- Meat processing industry revenue worldwide reached $1.3 trillion in 2022.
- U.S. snack food manufacturing revenue was $52.4 billion in 2023.
- Bottled water market revenue globally stood at $320 billion in 2023.
- Confectionery manufacturing market valued at $220 billion in 2022.
- Global ready-to-eat food market size was $198.3 billion in 2023.
- U.S. beer manufacturing revenue totaled $117.5 billion in 2022.
- Wine production revenue globally reached $350 billion in 2023.
- Functional beverage market grew to $158 billion in 2023 at 7.45% CAGR.
- U.S. frozen food manufacturing revenue was $72.1 billion in 2023.
- Global pet food manufacturing market valued at $123 billion in 2022.
- Organic food market revenue hit $235 billion globally in 2023.
- U.S. fruit and vegetable canning revenue $18.5 billion in 2023.
- Energy drinks market size $57.1 billion worldwide in 2023.
- Global sauce and condiment market $153 billion in 2022.
- U.S. distilled spirits manufacturing $28.9 billion revenue 2023.
- Plant-based food market valued at $29.4 billion in 2023.
- Global ice cream market revenue $79.2 billion in 2023.
- U.S. pasta manufacturing revenue $6.8 billion in 2023.
- Sports drink market $28.5 billion globally in 2023.
- Global cheese market size $118 billion in 2022.
- U.S. cookie and cracker manufacturing $15.2 billion revenue 2023.
Economic Performance Interpretation
Employment Statistics
- U.S. employment in food manufacturing totaled 1.7 million jobs in 2023.
- Beverage manufacturing employed 300,000 workers in U.S. 2023.
- Global food processing workforce 35 million in 2022.
- U.S. meat processing jobs 550,000 in 2023.
- Dairy manufacturing employment EU 400,000 in 2023.
- Bakery workers U.S. 320,000 jobs 2023.
- Worldwide beverage industry jobs 10 million in 2022.
- U.S. soft drink manufacturing 65,000 employees 2023.
- Fruit and vegetable processing U.S. 180,000 jobs 2023.
- Global snack food employment 2.5 million 2022.
- U.S. frozen food manufacturing 95,000 workers 2023.
- Confectionery industry jobs worldwide 1.8 million 2023.
- Beer manufacturing U.S. employment 70,000 in 2023.
- Dairy processing global workforce 5 million 2022.
- U.S. pasta manufacturing jobs 12,000 in 2023.
- Organic food production employment 1 million globally 2023.
- Wine industry jobs U.S. 1.8 million total chain 2023.
- U.S. cookie manufacturing 45,000 employees 2023.
- Pet food manufacturing U.S. 25,000 jobs 2023.
- Plant-based food sector employment grew 20% to 50,000 U.S. 2023.
- Global ice cream production jobs 500,000 2022.
- U.S. sauce manufacturing 20,000 workers 2023.
- Bottled water industry U.S. employment 60,000 2023.
- Energy drinks manufacturing jobs 15,000 U.S. 2023.
- U.S. cheese manufacturing 140,000 employees 2023.
- Yogurt production global employment 300,000 2022.
- Bread baking U.S. jobs 200,000 in 2023.
- Functional beverages workforce 100,000 worldwide 2023.
- U.S. non-alcoholic beverages 250,000 jobs 2023.
- Alcoholic beverages U.S. employment 200,000 2023.
- Snack foods U.S. manufacturing jobs 160,000 2023.
Employment Statistics Interpretation
Market Segmentation
- Soft drinks hold 40% of U.S. non-alcoholic beverage sales in 2023.
- Dairy products accounted for 25% of global food manufacturing revenue 2022.
- Beverages represent 30% of U.S. food manufacturing output value 2023.
- Meat and poultry 22% of EU food industry turnover 2023.
- Bakery goods 15% of U.S. packaged food sales 2023.
- Bottled water 12% of global beverage market share 2023.
- Snacks 18% of U.S. grocery sales volume 2023.
- Beer 45% of alcoholic beverages market globally 2022.
- Frozen foods 10% of total U.S. food retail sales 2023.
- Confectionery 8% of global sugar confection market 2023.
- Plant-based dairy alternatives 6% of milk market U.S. 2023.
- Ready-to-drink coffee 20% growth in beverage segment 2023.
- Organic products 9% of U.S. food sales 2023.
- Energy drinks 15% of sports beverage market 2023.
- Pet food 55% dry segment dominance 2023.
- Sauces and condiments 25% ketchup share U.S. 2023.
- Ice cream novelties 30% of category sales 2023.
- Pasta 70% dry pasta in U.S. market 2023.
- Fruit juices 40% orange juice dominance 2023.
- Yogurt Greek style 55% U.S. market share 2023.
- Cookies chocolate chip 35% flavor segment 2023.
- Cheese cheddar 25% U.S. production share 2023.
- Bread white sliced 60% EU bakery market 2023.
- Functional beverages 25% vitamins fortified 2023.
- Meat processed 35% sausages in EU 2023.
- Non-dairy milk almond 50% U.S. share 2023.
- Snacks savory 65% U.S. category 2023.
- Wine red 55% global consumption 2023.
Market Segmentation Interpretation
Production Volumes
- Global food manufacturing output reached 4.1 billion tons in 2022.
- U.S. beverage production volume was 1.2 billion hectoliters in 2023.
- Worldwide soft drink production totaled 650 billion liters in 2022.
- EU meat production volume hit 45 million tons in 2023.
- Global dairy production reached 881 million tons in 2022.
- U.S. beer production volume was 190 million hectoliters in 2023.
- Bottled water production globally 400 billion liters in 2023.
- World bakery products output 140 million tons annually in 2022.
- U.S. frozen food production 8.5 million tons in 2023.
- Global confectionery production 200 million tons in 2022.
- Poultry meat production worldwide 137 million tons in 2023.
- U.S. soft drink production 50 billion liters in 2023.
- Global milk production 850 million tons in 2022.
- Wine production volume 260 million hectoliters globally 2023.
- U.S. snack food production 5.2 million tons in 2023.
- World sugar production 180 million tons in 2022/23.
- Canned vegetables production U.S. 2.1 million tons 2023.
- Global ready meals production 25 million tons in 2023.
- U.S. cheese production 6.3 million tons in 2023.
- Ice cream production worldwide 15 million tons in 2022.
- U.S. pasta production 1.2 million tons annually 2023.
- Global fruit juice production 45 million tons in 2022.
- Bread production EU 30 million tons yearly 2023.
- U.S. bottled water production 15 billion gallons 2023.
- Yogurt production global 18 million tons in 2022.
- U.S. cookie production 1.5 million tons 2023.
- Energy drink production 10 billion liters worldwide 2023.
- Global pet food production 50 million tons in 2022.
- U.S. meat processing output 25 million tons 2023.
- Plant-based milk production 5 million tons globally 2023.
- Sauce production worldwide 12 million tons 2022.
Production Volumes Interpretation
Sustainability and Innovation
- Food industry generated 8% of global GHG emissions in 2022.
- 30% water reduction in beverage manufacturing by 2030 target U.S.
- 45% of food manufacturers adopted recyclable packaging 2023.
- Plant-based products grew 27% in sales 2023.
- 20% energy efficiency improvement in EU food processing 2022-2030.
- Zero-waste initiatives in 60% U.S. dairy plants 2023.
- 15% reduction in plastic use by global beverage giants 2023.
- Organic certification covered 2.8% of global farmland 2023.
- Blockchain traceability adopted by 25% meat processors 2023.
- 40% CO2 cut in bakery emissions via alt flours 2023 pilots.
- Water reuse rate 70% in U.S. soft drink plants 2023.
- 35% growth in upcycled ingredients usage 2023.
- Renewable energy 50% of power for EU breweries 2023.
- Food waste reduced 10% in supply chains 2022-2023.
- 28% of snacks now low-sugar formulations 2023.
- Solar panels on 15% U.S. food factories roofs 2023.
- Precision fermentation scaled for 5 dairy proteins 2023.
- 22% packaging from recycled content beverages 2023.
- Carbon neutral claims by 12% brands 2023.
- Aquaponics production up 50% for veggies 2023.
- 18% reduction methane from dairy via feed additives 2023.
- Insect protein market tripled to $1B 2023.
- 65% consumers prefer sustainable packaging 2023 survey.
- AI optimized 25% yield in juice production 2023.
- Compostable cups 30% in coffee RTD 2023.
- Regenerative ag on 10% supplier farms meat 2023.
- LED lighting saved 40% energy in plants 2023.
- Cultured meat pilots produced 100 tons 2023.
- 50% less water in new brewing tech 2023.
- Biodegradable films for 8% cheese wraps 2023.
- Wind power 20% for U.S. snack factories 2023.
Sustainability and Innovation Interpretation
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