How big is the global food market?
How big is the global food market?
23, 2021 (GLOBE NEWSWIRE) — According to MarketStudyReport, global food & grocery retail market size was worth USD 12.29 trillion in 2020 and is anticipated to register an annual growth rate of 5% over 2021-2027, thereby accumulating USD 17.29 trillion by the end of the analysis timeline.
How big is the food industry market?
A Large and Growing Market The foodservice and food retailing industries supplied about $1.79 trillion worth of food in 2019. Of this total, $978.2 billion was supplied by foodservice facilities.
What are global food markets?
The global food market is dominated by the most affluent countries, which, on average, have controlled almost 70 percent of the total value of imports and over 62 percent of the total value of exports of all agricultural products in the world since 1961 (see Table 1).
How much is the food industry worth 2020?
In 2020, the global food market generated over 8 trillion U.S. dollars in revenue, an increase of over 1 trillion U.S. dollars since the previous year. The Statista Consumer Outlook estimates that food revenue worldwide will continue to increase over the next years and reach around 9.1 trillion U.S. dollars in 2025.
How big is food industry in India?
Food is considered to be an inherent factor and a strong backbone of economic growth for any country. In India, the food industry is estimated to be USD 448 Bn in FY 16. This industry is growing at ~10% and contributes to 9-10% of manufacturing GDP in FY171.
What is entrepreneurial market size?
Your “market size” is the total number of likely buyers of your product or service within a given market.
What is global food distribution?
Food distribution is the process where a general population is supplied with food. The Food and Agriculture Organization (FAO) considers food distribution as a subset of the food system.
Why is the global food market important?
In many places around the world, intensive crop production systems are degrading natural resources and contributing to climate change. A smooth global food trading system that makes markets more predictable can both facilitate improved food security and support more sustainable production systems.
How large is the consumer market of India?
Consumer spending across India amounted to over 21.6 trillion rupees as of January 2020. India is expected to become the third largest consumer market by 2030.
What is an example of market size?
For example, 6% of the market for women’s formal shoes in France. An estimate of the market for a product or service. Market size is usually a revenue number such as $1 billion euros but can also be represented as unit volume such as 1,650,000 units.
How big is the global food and grocery retail market?
The global food and grocery retail market size was valued at USD 11.7 trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% from 2020 to 2027. Increased disposable income as a result of economic growth has fueled the spending on consumables.
What is the global food service market size in 2018?
The global food service market size was worth US$ 3.4 Trillion in 2018. Foodservice refers to the sale of food and beverages that are prepared for immediate consumption or for takeaways and home deliveries.
What is the market size of the food delivery industry?
A paid subscription is required for full access. The market size of the global online food delivery sector was 107.44 billion U.S. dollars in 2019. This figure was expected to grow to 111.32 billion U.S. dollars in 2020.
What is the food service market research report by imimarc group?
IMARC Group provides an analysis of the key trends in each sub-segment of the global food service market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on sector, systems and types of restaurants.
