GITNUX MARKETDATA REPORT 2024

Global Food Industry Statistics

The global food industry is a multi-trillion-dollar sector encompassing agriculture, production, distribution, and consumption, with trends indicating the increasing importance of sustainability and health-conscious preferences among consumers.

Statistic 1

"Global food waste amounts to approximately 1.3 billion tonnes per year, about one-third of all food produced."

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Statistic 2

"The global functional foods and beverages market size was valued at USD 281.14 billion in 2019 and is expected to observe a CAGR of 8.4% from 2020 to 2027."

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Statistic 3

"The small-scale food processing sector in India is expected to grow at a rate of 9% between 2020 and 2025."

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Statistic 4

"The American food industry accounts for approximately one-fifth of the country's GDP."

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Statistic 5

"The global food delivery market is projected to grow to $154.34 billion by 2023."

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Statistic 6

"The ready-to-eat (RTE) meal segment is expected to grow by 8.3% annually by 2025."

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Statistic 7

"The global snack food market was valued at $1,450 billion in 2020 and is expected to grow at a CAGR of 6.2% to reach $1,750 billion by 2027."

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Statistic 8

"The global dairy alternatives market is expected to reach $45 billion by 2027."

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Statistic 9

"In 2020, North America was the largest region in the global food industry, accounting for 39% of the market."

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Statistic 10

"The food additives market size was valued at $50.5 billion in 2019 and is expected to grow at a CAGR of 5.6% from 2020 to 2027."

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Statistic 11

"The market for gluten-free food is projected to reach $7.5 billion by 2027."

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Statistic 12

"By 2024, the food-tech market including online grocery delivery and meal kits is expected to reach $342.52 billion globally."

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Statistic 13

"Asia-Pacific accounted for over 40% of the global foodservice market in 2020."

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Statistic 14

"The global market for plant-based foods is projected to grow to $74.2 billion by 2027."

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Statistic 15

"E-commerce food and beverage sales are expected to reach $109.0 billion by 2023."

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Statistic 16

"The organic food market in Europe is expected to grow at a CAGR of 10.5% from 2020 to 2027."

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Statistic 17

"The global frozen food market size was valued at $291.8 billion in 2019 and is projected to grow at a CAGR of 3.4% from 2020 to 2027."

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Statistic 18

"The global halal food market was valued at USD 1.97 trillion in 2019, projected to grow at a CAGR of 6.3% from 2020 to 2027."

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Statistic 19

"The organic food and beverage market is projected to reach $620 billion by 2026."

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Statistic 20

"The global food and beverage market expected to grow from $5,818 billion in 2020 to $6,259 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%."

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