Global: revenue of the food market, by segment 2014-2027

In 2023, the leading food segment worldwide was confectionary and snacks with a revenue of 1.64 trillion U.S. dollars. According to projections, this segment will grow to two trillion U.S dollars by 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, by segment (in trillion U.S. dollars)

Characteristic	Pet Food	Oils & Fats	Sauces & Spices	Spreads & Sweeteners	Baby Food	Convenience Food	Fish & Seafood	Fruits & Nuts	Vegetables	Dairy Products & Eggs	Bread & Cereal Products	Meat	Confectionery & Snacks
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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.

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Worldwide food market revenue 2014-2027, by segment