Food & Beverage

Overall retail value of food and beverage sales across the world in 2018 reached US$ 2.43 trillion, up from US$ 2.27 trillion in 2013.

The global food and beverages market is expected to grow from $5,838.8 billion in 2020 to $6,196.15 billion in 2021 at a compound annual growth rate (CAGR) of 6.1%.

Asia Pacific was the largest region in the global food and beverages market, accounting for 42% of the market in 2020. North America was the second largest region accounting for 22% of the global market. Africa was the smallest region in the global food and beverages market.