Food - Worldwide | Statista Market Forecast

Revenue in the Food market amounts to US$9.43tn in 2023. The market is expected to grow annually by 6.21% (CAGR 2023-2027).
The market's largest segment is the segment Confectionery & Snacks with a market volume of US$1.64tn in 2023.
In global comparison, most revenue is generated in China (US$1,386.00bn in 2023).
In relation to total population figures, per person revenues of US$1,228.00 are generated in 2023.
In the Food market, 8.5% of total revenue will be generated through online sales by 2023.
In the Food market, volume is expected to amount to 2,917.00bn kg by 2027. The Food market is expected to show a volume growth of 5.1% in 2024.
The average volume per person in the Food market is expected to amount to 340.90kg in 2023.

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.

in-scope

Fresh Food
Processed foods
Pet Food

out-of-scope

Food supplements
Out-of-home consumption

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