Revenue in the Food market amounts to US$8.77tn in 2022. The market is expected to grow annually by 4.80% (CAGR 2022-2027).
The market's largest segment is the segment Confectionery & Snacks with a market volume of US$1.53tn in 2022.
In global comparison, most revenue is generated in China (US$1,299.00bn in 2022).
In relation to total population figures, per person revenues of US$1,153.00 are generated in 2022.
In the Food market, 7.8% of total revenue will be generated through online sales by 2022.
In the Food market, volume is expected to amount to 2,925,065.1mkg by 2027. The Food market is expected to show a volume growth of 3.1% in 2023.
The average volume per person in the Food market is expected to amount to 337.8kg in 2022.
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.