Unlike saturated segments, food and beverage’s three-year compounded annual growth rate (CAGR) will remain steady at 23% and 14% respectively. Like other verticals, 2020 saw a massive shift to online purchasing: a 51.6% year-over-year (YoY) increase for food and 39.3% for beverages. How Big Is the Food & Beverage Industry?Īlready a $435.3 billion combined market in 2021, worldwide revenue is expected to increase from $506.3 billion this year to $856.9 billion by 2025. Sustainable packaging, safety measures, and transparent manufacturing fill the current direct-to-consumer food and beverage landscape. It also includes manufacturing, packaging, and distribution to meet consumer demand.Įxamples in modern ecommerce typically include naturally-sourced products like juice, water, jerky, plant-based alternatives, and other edible, eco-friendly products. The food and beverage market consists of fresh, prepared, or packaged food as well as alcoholic and nonalcoholic beverages. What is included in the food and beverage industry? ![]() Food & Beverage Industry: Statistics, Data & Growth
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