The Latest Global Food Industry Statistics Explained
The global food and beverage industry is estimated to be worth around $9 trillion annually (2022).
The statistic that the global food and beverage industry is estimated to be worth around $9 trillion annually in 2022 highlights the immense economic significance and scale of this industry on a global level. This valuation encompasses various sectors such as agriculture, food processing, food service, and beverage production, showcasing the widespread demand and consumption patterns across different regions of the world. The size of this industry underscores the essential role it plays in providing sustenance and employment opportunities to billions of people worldwide. Furthermore, this statistic underscores the competitive landscape and potential for growth and innovation within the food and beverage sector, making it a critical component of the global economy.
The global food and agriculture industry represents around 10% of global gross domestic product (GDP).
The statistic “The global food and agriculture industry represents around 10% of global gross domestic product (GDP)” implies that the combined economic value generated by activities related to food production, distribution, and consumption accounts for approximately one-tenth of the total economic output of all countries worldwide. This highlights the significant contribution of the food and agriculture sector to the global economy, playing a crucial role in driving economic growth, providing employment opportunities, and ensuring food security for populations around the world. The statistic underscores the importance of this industry in terms of its sheer scale and impact on global economic development.
The global food service market size was valued at $3.4 trillion in 2018, and is projected to reach $4.2 trillion by 2026.
The statistic indicates that the global food service market was estimated to be worth $3.4 trillion in 2018 and is expected to grow to $4.2 trillion by 2026, representing a projected increase in market size over that period. This suggests a positive trend of growth in the food service industry, reflecting increasing consumer demand for food services worldwide. The anticipated growth in market size could be due to various factors such as rising disposable incomes, changing consumer lifestyles, and evolving preferences for dining out or ordering food. It implies potential opportunities for businesses within the food service sector to expand their operations and cater to a growing market.
Processed food sales worldwide are approximately $2.8 trillion each year.
The statistic stating that processed food sales worldwide are approximately $2.8 trillion each year indicates the significant economic impact of the processed food industry on a global scale. This figure represents the total value of processed food products sold to consumers across different markets and regions. The sheer size of this sales figure highlights the widespread consumption of processed foods and the reliance of many individuals and households on these products as part of their daily diet. Furthermore, the statistic underscores the profitability and growth potential of the processed food sector, making it a key player in the global food industry and economy.
The Global Online Food Delivery Services Market is expected to grow from $115.07 Billion in 2019 to $192.16 Billion by the end of 2025.
The statistic indicates a significant growth projection for the Global Online Food Delivery Services Market between 2019 and 2025, with an expected increase in market size from $115.07 billion to $192.16 billion. This growth suggests a rising consumer interest in online food delivery services, likely driven by factors such as convenience, changing consumer preferences, and technological advancements in the industry. Such growth projections can provide insights for businesses operating in this sector, highlighting opportunities for expansion, innovation, and strategic investments to capitalize on the increasing demand for online food delivery services globally.
The global food waste per year is approximately 1.3 billion tons.
The statistic that the global food waste per year is approximately 1.3 billion tons highlights the significant and widespread issue of inefficiencies in the food supply chain. Despite millions of people around the world suffering from hunger and malnutrition, a staggering amount of food is wasted annually. This waste not only represents a loss of valuable resources such as water, labor, and energy, but it also contributes to environmental degradation through greenhouse gas emissions and landfills. Addressing this massive amount of food waste requires coordinated efforts across all sectors of the food industry, from production and distribution to consumption and disposal, in order to mitigate the social, economic, and environmental impacts of such waste on a global scale.
The global organic food market is expected to reach $679 billion by 2027.
This statistic indicates the projected size of the global organic food market by the year 2027, reaching an estimated value of $679 billion. This forecast suggests a growing demand for organic food products worldwide, driven by factors such as increasing awareness of health and environmental concerns, changing consumer preferences towards natural and sustainable products, and a rising emphasis on adopting healthier dietary choices. The expanding market size reflects a shift towards more conscious consumption patterns and a potential shift in the food industry towards more sustainable practices, offering opportunities for businesses and stakeholders in the organic food sector to cater to the evolving needs of consumers seeking healthier and environmentally friendly food options.
Globally, around 60% of the population are employed within the food industry.
The statistic that globally around 60% of the population are employed within the food industry indicates the significant role that this sector plays in the world economy. This high percentage suggests that a substantial portion of the global workforce is involved in food production, distribution, and related activities. The food industry encompasses a wide range of jobs, from farmers and processors to retailers and food service workers, highlighting the diverse nature of employment opportunities within this sector. The statistic also underscores the importance of ensuring food security and sustainability to support both the workforce and the broader population’s access to safe and nutritious food.
In 2019, the global fast food industry was worth around $647.7 billion.
The statistic states that in the year 2019, the global fast food industry’s total value was approximately $647.7 billion. This figure represents the collective revenue generated by all fast food establishments worldwide during that year. The fast food industry encompasses a wide range of establishments offering quick-service meals such as burgers, pizzas, fried chicken, and sandwiches. The substantial value of $647.7 billion reflects the widespread popularity and significant consumer demand for fast food products across various regions and countries. This statistic highlights the economic importance and scale of the fast food industry on a global scale in 2019.
China is the world’s leading country in the food industry, with over $626 billion in revenue in 2018.
The statistic that China is the world’s leading country in the food industry, generating over $626 billion in revenue in 2018, highlights China’s significant economic impact and dominance in the global food market. This statistic indicates that China plays a crucial role in shaping the food industry landscape, both domestically and internationally. With such a substantial revenue figure, China’s food industry not only contributes significantly to the country’s GDP but also reflects its extensive agricultural production, diverse food processing capabilities, and growing consumer market. The statistic underscores China’s position as a key player in the global food industry, with the potential to influence market trends and supply chains worldwide.
By 2030, the global packaged food industry will reach $3 trillion in sales.
The statistic ‘By 2030, the global packaged food industry will reach $3 trillion in sales’ projects a robust growth trajectory for the industry over the next decade. This forecast suggests a significant expansion in consumer demand for packaged food products worldwide, driven by factors such as changing dietary preferences, urbanization, and increased disposable incomes in emerging markets. The projected sales figure of $3 trillion underscores the industry’s critical role in the global economy and highlights opportunities for food companies to capitalize on evolving consumer trends and preferences. It also signals the potential for increased competition and innovation within the sector as businesses strive to capture a larger share of the market and meet the evolving needs of consumers.
The global frozen food market is projected to reach $366.4 billion by 2023.
The statistic “The global frozen food market is projected to reach $366.4 billion by 2023” represents the estimated value of the worldwide frozen food industry by the year 2023. This projection suggests a significant growth opportunity in the frozen food sector driven by various factors such as changing consumer lifestyles, increasing demand for convenience foods, and advancements in freezing technologies. The market forecast reflects the anticipated revenue generated by the sales of frozen food products across different regions and segments, indicating a thriving and expanding market landscape for manufacturers, retailers, and other stakeholders in the frozen food industry.
The global snack food industry is expected to reach $656.3 billion by 2023.
This statistic indicates the projected growth of the global snack food industry in terms of revenue, with an estimated value of $656.3 billion by the year 2023. This figure suggests a significant expansion compared to the current size of the industry, reflecting an increasing demand for snack foods worldwide. Factors driving this growth could include changing consumer preferences towards convenience foods, busier lifestyles leading to more on-the-go snacking, and a rising trend in indulgent or gourmet snack options. The forecasted value highlights the industry’s potential for continued success and profitability in the coming years, indicating opportunities for businesses within the snack food sector to capitalize on this trend and further innovate to meet consumer needs.
The global dairy market is estimated to grow at 5.2% CAGR from 2020 to 2025.
The statistic indicates that the global dairy market is projected to experience a Compound Annual Growth Rate (CAGR) of 5.2% from 2020 to 2025. This suggests that the dairy industry is anticipated to expand steadily over this period. A CAGR of 5.2% means that, on average, the dairy market’s size is expected to increase by 5.2% each year for the next five years. This growth rate reflects the rising demand for dairy products worldwide, driven by factors such as population growth, changing dietary preferences, and increasing disposable incomes. It also implies opportunities for dairy producers to capitalize on this growth trend and potentially expand their market share.
Roughly 35% of the global food industry is contributed by the United States and China.
The statistic that roughly 35% of the global food industry is contributed by the United States and China indicates the significant impact these two countries have on the world’s food production and distribution. This percentage underscores the dominant roles that the United States and China play in shaping the global food market, influencing prices, supply chains, and trade dynamics. With both countries having large agricultural sectors and being major exporters of food products, their combined contribution highlights their crucial position in meeting the food demands of populations around the world. Additionally, it suggests the considerable influence these two countries may have on food security, sustainability, and market trends on a global scale.
The global sugar market size was valued at $127.9 billion in 2020 and is expected to grow at a CAGR of 2.2% from 2021 to 2027.
The statistic on the global sugar market indicates that in 2020, the total market value of sugar was $127.9 billion. Furthermore, it suggests that this market is projected to increase steadily with a compound annual growth rate (CAGR) of 2.2% from 2021 to 2027. This growth trend implies that the demand for sugar products is expected to rise over the next few years, reflecting potential shifts in consumer preferences, increasing population, economic development, and other factors influencing the market. The CAGR provides insight into the year-over-year growth rate of the market, indicating a positive outlook for the sugar industry in the foreseeable future.
The global meat market was valued at $945.7 billion in 2020 and is predicted to grow at a CAGR of 3% from 2021 to 2028.
The statistic indicates that the global meat market had a total value of $945.7 billion in 2020 and is expected to see continued growth over the forecast period from 2021 to 2028, with a compound annual growth rate (CAGR) of 3%. This suggests that the market is projected to increase steadily at a rate of 3% per year on average during this period. The growth in the global meat market reflects factors such as increasing consumer demand for meat products, evolving dietary preferences, population growth, and economic development in various regions around the world. The predicted growth trajectory implies opportunities for stakeholders in the meat industry to capitalize on this trend by expanding production, developing new products, and exploring potential markets for further market expansion and profitability.
Conclusion
The data and trends highlighted in this blog post demonstrate the significant impact and complexities within the global food industry. As consumption patterns change, technology advances, and sustainability becomes a growing concern, businesses and policymakers must stay informed and adapt to ensure a resilient and efficient food system for the future. By leveraging these statistics, stakeholders can make informed decisions to drive innovation, address challenges, and promote a more sustainable and inclusive food industry.
References
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4. – https://www.www.mordorintelligence.com
5. – https://www.www.prnewswire.com
6. – https://www.www.euromonitor.com
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8. – https://www.www.alliedmarketresearch.com
