Market Insights Report
The Food market has traditionally been characterized by high volumes and low margins. Today, brands have to balance offering ever-novel experiences for consumers in saturated industrial nations as well as appealing to the rising middle classes in emerging markets. Revenue in the Food market amounts to US$8.48tn in 2023. The market is expectedto grow annually by 6.7% (CAGR 2023-2029).In this market report from Consumer Market Insights, growth potentials, market drivers, consumer insights, key players, and future developments are discussed from an international perspective.
What's included?
The Food market under the Consumer Market Insights covers fresh and processed food. The market is further differentiated into Dairy Products & Eggs, Meat, Fish & Seafood, Fruits & Nuts, Vegetables, Bread & Cereal Products, Oils & Fats, Sauces & Spices, Convenience Food, Spreads & Sweeteners, Confectionery & Snacks, Baby Food and Pet Food. All market values are assessed at retail selling prices including all applying sales taxes.This report from the series of Consumer Market Outlook reports gives an overview of the Food market from an international perspective. Besides all relevant market figures like total and per capita revenues for the years from 2018 to 2029, we furthermore give detailed insights into current trends, key players and relevant background information.In general, the Food market is expected to grow at a CAGR of 6.7% between 2023 and 2029. The highest growth potential is attributable to the Baby food segment due to the worldwide pandemic.
Note: CAGR: Compound Annual Growth Rate / average growth rate per year
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