In this blog post, we will delve into the key statistics and trends shaping the global food and beverage industry. From consumption patterns and market growth to emerging technologies and consumer preferences, we will explore the data that is driving innovation and shaping the future of the industry. Stay tuned to gain valuable insights into the dynamic landscape of the food and beverage sector.
The Latest Global Food And Beverage Industry Statistics Explained
The global food and beverage industry was valued at over 5.3 trillion USD in 2020.
The statistic stating that the global food and beverage industry was valued at over 5.3 trillion USD in 2020 represents the total economic worth of all food and beverage products and services produced and consumed worldwide during that year. This immense value indicates the significant size and importance of the industry on a global scale, encompassing various sectors such as agriculture, processing, manufacturing, distribution, and retail. The statistic reflects the scale of production, consumption, and trade within the food and beverage industry, highlighting its crucial role in the global economy and as a fundamental aspect of human life and well-being. The industry’s staggering value underscores its impact on employment, economic growth, and overall societal well-being, making it a key player in the world’s economic landscape.
It was predicted that by 2023, the Global food and beverage industry would be valued at 6.5 trillion USD.
The statistic stating that the Global food and beverage industry is predicted to be valued at 6.5 trillion USD by 2023 indicates a significant anticipated growth and economic value for the industry. This forecast likely relies on various factors such as increasing global population, shifting consumer preferences, technological advancements, and evolving market trends. The projected value of 6.5 trillion USD suggests a substantial market size with opportunities for companies within the food and beverage sector to capitalize on this growth potential. Monitoring and analyzing the industry trends and dynamics will be crucial for businesses to stay competitive and adapt to the changing market landscape as the forecasted value approaches in 2023.
The global soft-drink market is projected to reach 1.9 trillion USD by 2026.
The statistic that the global soft-drink market is projected to reach 1.9 trillion USD by the year 2026 signifies a significant growth trajectory in the industry. This projection suggests a substantial increase in the consumption and demand for soft drinks worldwide over the coming years. Factors contributing to this growth may include changing consumer preferences, expanding markets in developing countries, innovative product offerings, and effective marketing strategies by key players in the industry. The exponential rise in the market value signals lucrative opportunities for businesses operating in the soft-drink sector to capitalize on this trend and further expand their market presence and profitability in the foreseeable future.
The global dairy market was valued at 673.8 billion USD in 2019.
The statistic ‘The global dairy market was valued at 673.8 billion USD in 2019.’ indicates the total estimated worth of the worldwide dairy industry in terms of revenue generated from the production, consumption, and trade of dairy products such as milk, cheese, butter, and yogurt. This value accounts for the cumulative sales and economic activity within the dairy market across all participating countries and regions for the year 2019. The figure serves as a key indicator of the significant size and importance of the global dairy sector in the economy, reflecting the substantial demand for dairy products on a worldwide scale and the market’s overall financial significance.
Global retail sales of organic food and drink reached $105 billion in 2018.
The statistic that global retail sales of organic food and drink reached $105 billion in 2018 indicates the significant growth and consumer demand for organic products in the food and beverage industry. This figure highlights the increasing popularity and market size of organic food and drink products worldwide, reflecting a growing trend towards healthier and more sustainable consumption choices. The substantial market value of organic goods demonstrates a shift in consumer preferences towards products perceived as more natural, environmentally friendly, and potentially beneficial for health. The data suggests that the organic food and drink sector is a key player in the global retail market, with businesses and consumers alike recognizing the importance of sustainable and organic products.
The global frozen food market is expected to reach 376.95 billion USD by 2025.
The statistic that the global frozen food market is projected to reach 376.95 billion USD by 2025 reflects a significant anticipated growth in the industry. This forecast considers various factors such as increasing demand for convenience foods, busy lifestyles leading to a rise in frozen meal consumption, advancements in freezing technology, and expanding distribution channels. The expected market value signals potential opportunities for businesses operating in the frozen food sector. However, challenges such as shifting consumer preferences towards fresh and healthy foods, concerns about additives and preservatives in frozen products, as well as fluctuations in raw material costs, could impact the actual market growth in the future. Monitoring these factors will be important for stakeholders in the industry to adapt and capitalize on the projected market expansion.
The global bakery product market is projected to grow 2.6% annually from 2021 to 2027.
The statistic indicates that the global bakery product market is anticipated to experience a steady growth rate of 2.6% per year from 2021 to 2027. This projection suggests that the demand for bakery products is expected to increase consistently over the forecasted period. Factors contributing to this growth could include changing consumer preferences, urbanization leading to increased convenience food consumption, and potential innovations in bakery product offerings. The projected growth rate serves as an important indicator for market stakeholders, such as manufacturers, retailers, and investors, to strategize and capitalize on the expanding opportunities in the bakery product sector.
The global coffee market was valued at approximately 102.15 billion USD in 2019.
The statistic indicates that the total value of the global coffee market reached around 102.15 billion USD in the year 2019, reflecting the economic significance and scale of the coffee industry worldwide. This value encompasses the revenue generated from the production, trade, and consumption of coffee products across various regions and segments of the industry. The statistic serves as a key indicator of the market size and potential growth opportunities within the coffee sector, highlighting its importance as a major commodity in the global economy.
The global beer market is anticipated to reach 805.62 billion USD by 2027.
The statistic states that the global beer market is projected to grow and reach a value of 805.62 billion USD by the year 2027. This indicates a significant expansion in the beer industry over the forecast period. Several factors such as changing consumer preferences, increasing disposable incomes, and the growing popularity of craft beer are likely contributing to this anticipated growth. The statistic provides valuable insight to industry stakeholders, investors, and policymakers about the potential opportunities and challenges within the global beer market in the coming years.
Global sugar consumption amounted to 175.1 million metric tons in 2019/2020.
The statistic ‘Global sugar consumption amounted to 175.1 million metric tons in 2019/2020’ indicates the total quantity of sugar consumed worldwide during that specific time period. This metric reflects the significant demand for sugar as a staple ingredient in various food and beverage products across the globe. The figure of 175.1 million metric tons highlights the scale of sugar consumption on a global level, serving as a key indicator for the food industry and policymakers in monitoring trends, assessing market dynamics, and understanding the impact of sugar consumption on public health and diet-related issues.
The global meat market was valued at 945.7 billion USD in 2020.
The statistic states that the global meat market had a total value of 945.7 billion USD in the year 2020. This figure represents the amount of money spent worldwide on meat products during that year. The value of the global meat market is a key indicator of the size and significance of this sector within the overall food industry. It reflects the demand for meat products, including beef, pork, poultry, and others, across various countries and regions. This statistic is important for understanding the economic impact of the meat industry on a global scale and can provide insights into consumption patterns, market trends, and opportunities for growth and investment within the sector.
The global seafood market is expected to hit 155.32 billion USD by 2023.
The statistic “The global seafood market is expected to hit 155.32 billion USD by 2023” indicates that the total value of the global seafood market is projected to reach 155.32 billion US dollars by the year 2023. This forecast likely takes into account factors such as current market trends, consumer demand, industry growth rates, and economic conditions. The significant size of this projected market value suggests that the seafood industry is expected to continue to experience growth and play a prominent role in the global economy over the next few years.
The global vegetable oil market was valued at 90.3 billion USD in 2020.
The statistic stating that the global vegetable oil market was valued at 90.3 billion USD in 2020 indicates the total monetary worth of vegetable oil sales worldwide in that particular year. This value represents the sum of revenues generated from the production, distribution, and sales of vegetable oil products across various markets and regions globally. This statistic serves as a key indicator of the size and economic significance of the vegetable oil industry, reflecting the demand for vegetable oils for cooking, food processing, and various other industrial applications. Analyzing this statistic can provide insights into market trends, consumer preferences, and economic factors affecting the vegetable oil industry on a global scale.
The global alcoholic beverages market accounted for over 1.5 trillion USD in 2020.
The statistic indicates that the global alcoholic beverages market generated revenue exceeding 1.5 trillion USD in the year 2020. This figure represents the total market value of all alcoholic beverages sold worldwide during that year. This substantial amount reflects the significant consumption and demand for alcoholic beverages on a global scale. The market includes various types of alcoholic beverages such as beer, wine, and spirits, and encompasses both domestic and international sales. The size of the market underscores the economic impact and widespread popularity of alcoholic beverages as a commodity in the global economy.
Global milk production amounted to about 513 million metric tons in 2019.
The statistic “Global milk production amounted to about 513 million metric tons in 2019” indicates the total quantity of milk produced worldwide during that year. This figure includes all types of milk, such as cow, goat, and sheep milk, and represents the consolidated output from dairy farming across different countries. The 513 million metric tons of milk highlights the significant scale and importance of the dairy industry in meeting global demand for dairy products. This statistic serves as a vital indicator of the agricultural sector’s contribution to food supply and nutrition worldwide, serving as a key component of many diets and economies around the world.
The global bottled water market size was valued at 169.9 billion USD in 2019 and is expected to expand at a CAGR of 11.4% from 2020 to 2027.
This statistic indicates that the global bottled water market was worth 169.9 billion USD in 2019 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 11.4% from 2020 to 2027. This forecast suggests a significant increase in the market size over the specified timeframe, driven by factors such as changing consumer preferences towards healthier beverage options, increasing awareness about hydration, and convenient packaging solutions. The continuous growth in the bottled water market is likely to be influenced by factors like urbanization, rising disposable income levels, and a growing focus on health and wellness, leading to a substantial expansion in market value in the coming years.
The global infant formula market size was valued at 45.12 billion USD in 2018, and is projected to reach 103.75 billion USD by 2026.
The statistic indicates that the global infant formula market was worth 45.12 billion USD in 2018 and is expected to grow to 103.75 billion USD by 2026. This projected increase suggests a substantial growth rate over the specified period, reflecting a strong demand for infant formula products worldwide. Factors contributing to this growth may include increasing awareness about the importance of early nutrition for infants, changing lifestyles leading to more working mothers seeking convenient feeding alternatives, and expanding distribution channels. Companies operating in the infant formula market have opportunities to capitalize on this growth by innovating products, expanding their market reach, and addressing evolving consumer preferences.
References
0. – https://www.ota.com
1. – https://www.www.statista.com
2. – https://www.www.alliedmarketresearch.com
3. – https://www.www.researchandmarkets.com
4. – https://www.www.globenewswire.com
5. – https://www.www.fortunebusinessinsights.com
6. – https://www.www.grandviewresearch.com
7. – https://www.www.forbes.com
