Statistics
Food Industry Trends
The Food and Beverages market world-wide is expected to grow from $5838.8 billion in 2020 to $6196.15 billion in 2021 at a compound annual growth rate (CAGR) of 6.1%.
The progress is mainly due to the food organizations rearranging their global operations and recuperating from the COVID-19 impact, which had earlier led to limiting containment measures involving social distancing, remote working or WFH, and the termination of commercial undertakings that resulted in operational challenges.
It is expected to reach $8163.61 billion in 2025 at a CAGR of 7%.