Global: revenue of the food market 2014-2027

In 2023, the global food market generated around 9.43 trillion U.S. dollars in revenue, an increase of over 700 billion U.S. dollars since the previous year. The Statista Consumer Outlook estimates that food revenue worldwide will continue to increase over the next years and reach around 11.1 trillion U.S. dollars in 2027. For more information on over 200 markets in 150 countries, please visit Consumer Market Outlook.

Revenue of the worldwide food market between 2014 to 2027 (in trillion U.S. dollars)

Characteristic	Revenue in trillion U.S. dollars
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-

Download

Source

Show detailed source information?

Already a member?

Sources

Use Ask Statista Research Service

More information

Supplementary notes

*Data provided by Statista Consumer Outlook are estimates
The Food market includes all kinds of fresh and processed foods. The market is divided into following segments: Dairy Products & Eggs, Meat, Fish & Seafood, Vegetables, Fruits, Bread & Cereal Products, Oils & Fats, Spreads & Sweeteners, Sauces & Condiments, Convenience Food, Confectionery & Snacks, Baby Food and Pet Food. Food represents a significant part of household expenditure, but its relative importance compared to other products decreases with increasing income.

All figures are estimate. A detailed methodology can be found in the Statista Consumer Market Outlook.

Citation formats