In 2023, the leading food segment worldwide was confectionary and snacks with a revenue of 1.64 trillion U.S. dollars. According to projections, this segment will grow to two trillion U.S dollars by 2027. For more information on over 200 markets in 150 countries, please visit Consumer Market Outlook.
Revenue of the worldwide food market between 2014 to 2027, by segment
(in trillion U.S. dollars)
*Data provided by Statista Consumer Outlook are estimates
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.
All figures are estimate. A detailed methodology can be found in the Statista Consumer Market Outlook.
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Statista. (March 21, 2023). Revenue of the worldwide food market between 2014 to 2027, by segment (in trillion U.S. dollars) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/forecasts/1373887/revenue-food-market-worldwide-by-segment
Statista. "Revenue of the worldwide food market between 2014 to 2027, by segment (in trillion U.S. dollars)." Chart. March 21, 2023. Statista. Accessed November 23, 2024. https://www.statista.com/forecasts/1373887/revenue-food-market-worldwide-by-segment
Statista. (2023). Revenue of the worldwide food market between 2014 to 2027, by segment (in trillion U.S. dollars). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/forecasts/1373887/revenue-food-market-worldwide-by-segment
Statista. "Revenue of The Worldwide Food Market between 2014 to 2027, by Segment (in Trillion U.S. Dollars)." Statista, Statista Inc., 21 Mar 2023, https://www.statista.com/forecasts/1373887/revenue-food-market-worldwide-by-segment
Statista, Revenue of the worldwide food market between 2014 to 2027, by segment (in trillion U.S. dollars) Statista, https://www.statista.com/forecasts/1373887/revenue-food-market-worldwide-by-segment (last visited November 23, 2024)
Revenue of the worldwide food market between 2014 to 2027, by segment (in trillion U.S. dollars) [Graph], Statista, March 21, 2023. [Online]. Available: https://www.statista.com/forecasts/1373887/revenue-food-market-worldwide-by-segment
