Food - Florida

Florida

Revenue in the Food market amounts to US$66.04bn in 2024. The market is expected to grow annually by 3.59% (CAGR 2024-2029).
The market's largest segment is the segment Meat with a market volume of US$10.67bn in 2024.
In global comparison, most revenue is generated in China (US$1,603bn in 2024).
In relation to total population figures, per person revenues of US$2,812.00 are generated in 2024.
In the Food market, volume is expected to amount to 13.88bn kg by 2029. The Food market is expected to show a volume growth of 1.6% in 2025.
The average volume per person in the Food market is expected to amount to 545.00kg in 2024.
The Food market in Florida is projected to grow by 3.59% (2024-2029) resulting in a market volume of US$78.76bn in 2029.

Key regions: United States, Canada, China, India, South Korea

Definition:

The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.

Structure:

The market consists of 13 different markets:

The Dairy products & Eggs market covers animal products, such as milk, eggs and products made from mammal’s milk and non-animal products, such as milk substitutes. This market is divided into six subsegments that include milk, milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
The Meat market covers animal products, such as pork, poultry, and free-from meat products, such as meat substitutes. This market is divided into three submarkets: fresh meat, processed meat, and meat substitutes.
The Fish & Seafood market covers products made from fish and seafood. This market is divided into three submarkets: fresh fish, fresh seafood, and processed fish & seafood.
Fruits & Nuts cover edible fruits and nuts. This market is divided into three submarkets: fresh fruits, processed & frozen fruits, and nuts.
The Vegetables market covers edible plants. This market is divided into two submarkets: fresh vegetables, processed & frozen vegetables.
The Bread & Cereal products market covers baked goods made from dough. Dough is made using flour, water, a leavening agent, and other optional ingredients. This market also covers products made from cereals that are usually used as part of a main meal. This market is divided into five submarkets: bread, pasta, rice, breakfast cereals and other cereal products.
The Oils and Fats market covers both edible oils and fats made from animals and plants. This market is divided into four submarkets: butter, margarine, edible oils, and other oils & fats.
The Sauces and Spices market covers additional ingredients used during the food preparation process and is divided into three submarkets: tomato ketchup, other sauces, and spices & culinary herbs.
The Convenience food market covers prepared food and meals that require little effort to prepare. This market is divided into two subsegments, soups and ready-to-eat meals.
The Spreads and Sweeteners market covers spreads and ingredients added to food or beverages to give it a sweet flavor. This market is divided into two subsegments, spreads and sweeteners.
The Confectionery & Snacks market covers sweet, savory, and salty food. This market is divided into two subsegments, confectionery and snacks.
The Baby food market covers food that is only meant to be consumed by babies and small children.
The Pet food market covers food that is intended for pet use only.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included. The out-of-home revenue data is only shown as a separate box at the market level.

For more information on the displayed data, click the info button on the right side of each box.

Market

Region

Region comparison

Currency

Analyst Opinion

The Food market in Florida is currently experiencing slow growth, with various factors contributing to this trend. These include a shift towards healthier food options, increasing consumer awareness about sustainable food production, and the convenience of online grocery shopping. Additionally, the sub-markets such as dairy products, meat, and convenience food have also been impacted by changing consumer preferences and the push for more sustainable and ethical food choices. However, the overall growth rate remains negligible due to factors such as rising costs of production, competition from imported goods, and fluctuations in weather patterns affecting harvests.

Customer preferences: The Food market in Florida is experiencing a shift towards healthier and more sustainable food options, driven by an increasing interest in plant-based diets and environmentally friendly practices. Consumers are also seeking convenience, with a rise in demand for online grocery shopping and meal delivery services. Additionally, the market has seen a surge in demand for locally sourced, organic, and artisanal products, as consumers prioritize supporting their local community and small businesses. This trend is reflective of a larger cultural shift towards conscious consumerism and a desire for more personalized, sustainable, and ethical choices.

Trends in the market: In Florida, The Food market industry is experiencing a surge in demand for locally sourced and organic products. Consumers are becoming more health-conscious and are willing to pay a premium for high-quality, sustainable food options. This trend is expected to continue as the COVID-19 pandemic has highlighted the importance of supporting local businesses and ensuring food security. Additionally, with the rise of e-commerce, more consumers are turning to online grocery shopping and meal delivery services. This presents opportunities for industry stakeholders to adapt their business models and capitalize on the growing online market. However, it also brings challenges in terms of logistics and supply chain management. Therefore, companies investing in technology and innovative solutions to streamline operations and meet consumer demands will have a competitive advantage in the evolving Food Market landscape in Florida.

Local special circumstances: In Florida, The Food market is heavily influenced by the state's location and diverse cultural influences. With a large coastal area, seafood and fresh produce play a significant role in the market, while the Cuban and Latin American populations bring their unique flavors and dishes to the table. Additionally, strict regulations on food safety and quality control contribute to the market's reputation for high-quality and safe products. These factors contribute to the dynamic and constantly evolving landscape of The Food market in Florida.

Underlying macroeconomic factors: The Food market market in Florida is heavily influenced by macroeconomic factors such as consumer spending, economic growth, and government policies. With a strong economy and high disposable income, Florida residents have a higher propensity to spend on food products, leading to a thriving market. Additionally, government policies such as investment in infrastructure and support for local businesses also play a significant role in driving growth in The Food market sector in Florida. Furthermore, global economic trends such as increasing demand for healthy and organic food products also impact the market, with consumers willing to pay a premium for these products.

Methodology

The Food market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Food industry.