Food And Beverages Global Market To Reach Value Of About $8.6 Trillion In 2025
31 May, 2021
The food and beverages (F&B) market consists of sales of food, beverages, pet food and tobacco products by entities (organizations, sole traders and partnerships) that produce beverages, food, animal and pet food, and tobacco products. The companies in the food and beverages industry process raw materials into food, pet food and tobacco products, package and distribute them through various distribution channels to both individual customers and commercial establishments.
Global Food And Beverages Market Size And Drivers:
The global food and beverages market reached a value of nearly $5,943.6 billion in 2019, having increased at a compound annual growth rate (CAGR) of 5.7% since 2015. The market is expected to grow at a CAGR of 6.1% from 2019 and reach $7,525.7 billion in 2023. The market is expected to reach $8,638.2 billion in 2025, and $11,979.9 billion in 2030. Rising concern in the minds of consumers regarding COVID-19 are expected to the increase the need for more preventive healthcare products to boost their immunity, thereby driving the growth of functional beverages market.
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Trends In The Global Food And Beverages Market
The demand for clean label products is increasing rapidly owing to significant rise in awareness of healthy eating. Clean label dairy products do not contain additives, artificial flavor enhancers, dyes or artificial preservatives. Also, many food service and retail grocery store chains are stating lists of ingredients that cannot be present in food items in their stores or restaurants. According to a survey of 1,000 customers in the UK and Russia by Ingredion in 2016, 70% of consumers purchasing dairy and bakery products are aware of clean labels and the presence of clean labels influences their buying decisions and 30% of consumers are looking for some kind of clean label claim.
Global Food And Beverages Market Segments:
The global food and beverages market is further segmented based on type, distribution channel, nature and geography.
By Type- Alcoholic Beverages, Non Alcoholic-Beverages, Grain Products, Bakery And Confectionery, Frozen And Fruit & Veg, Dairy Food, Meat, Poultry And Seafood, Syrup, Seasoning, Oils, & General Food, Animal And Pet Food, Tobacco Products, Other Foods Products
By Distribution Channel- Supermarkets/Hypermarkets, Convenience Stores, Food Service Stores, E-Commerce, Others
By Nature- Organic, Conventional Food And Beverages
By Geography- The global food and beverages market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global food and beverages market.
Read More On The Report For The Global Food And Beverages Market At:https://www.thebusinessresearchcompany.com/report/food-and-beverages-market
Food And Beverages Global Market Report 2021 is one of a series of new reports from The Business Research Companythat provides food and beverages market overviews, analyzes and forecasts market size and growth for the global food and beverages market, food and beverages market share, food and beverages market players, food and beverages market segments and geographies, food and beverages market’s leading competitors’ revenues, profiles and market shares. The food and beverages market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches