Food and beverages refer to substances consumed by individuals to provide essential nutrients and hydration. Food includes solid items like fruits, vegetables, grains and proteins, which supply energy and support bodily functions. Beverages, on the other hand, are liquids such as water, juice and tea, and others which help maintain hydration and sometimes offer additional nutrients.
The food and beverages (F&B) market consists of sales of food, beverages, animal and pet food and tobacco products by entities (organizations, sole traders and partnerships) that produce beverages, food, animal and pet food and tobacco products. The companies in the food and beverages industry process raw materials into food, animal and pet food and tobacco products, package and distribute them through various distribution channels to both individual customers and commercial establishments.
The global food and beverages market was valued at $5,139.16 billion in 2019 which grew till at a compound annual growth rate (CAGR) of more than 5.00%.
Increasing Demand For Ready-To-Eat Food
An increasing demand for ready-to-eat food contributed to the growth of the food and beverages market in the historic period. The rising demand for ready-to-eat meals addresses the fast-paced lifestyles of consumers looking for convenience. This shift towards quick, pre-packaged food options has led to a broader range of products, widening the market's reach. Consequently, manufacturers have concentrated on improving product variety, quality, and packaging to align with changing consumer preferences. For instance, in March 2024, according to the Food Manufacturers, a UK-based online platform dedicated solely to readers working in the UK food and drink manufacturing industry, sales of on-the-go snacks reached 39% in 2023 compared to 2022. Current sales in 2024 showed a 4% increase over the previous year. Therefore, the increasing demand for ready-to-eat food drove the growth of the food and beverages market.
Introducing New Andouille Smoked Sausage With Bold New Flavor
Companies operating in the food and beverages market are focusing on new Andouille smoked sausage with New Orleans flavor. The product demonstrates versatility, complementing New Orleans classics such as gumbo and jambalaya, as well as other offerings like charcuterie boards. This provides consumers with a convenient solution for incorporating authentic, flavorful sausage into a wide range of meal preparations. For instance, in December 2024, Zatarain's, a US-based food and spice company, launched reformulated Andouille Smoked Sausage. It introduces a bold, New Orleans-inspired flavor profile, featuring a balanced blend of heat and savory spices such as paprika, black and red pepper, oregano, and thyme. This fully cooked pork sausage is hardwood smoked and free from artificial flavors, colors, MSG, and by-products. It is an ideal complement to dishes like gumbo, jambalaya, and charcuterie boards. The product is available nationwide at major retailers, including Kroger and Walmart.
The global food and beverages market is fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 9.33% of the total market in 2023.
Food And Beverages Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global food and beverages market as it emerges from the COVID-19 shut down.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Where is the largest and fastest-growing market for food and beverages? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The food and beverages market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider food and beverages market; and compares it with other markets.
The report covers the following chapters
- Introduction And Market- Characteristics Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by nature and by distribution channel.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis And Strategic Analysis Framework- Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size And Growth- Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by type, by nature and by distribution channel in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size And Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies- Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers And Acquisitions- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments- Information on recent developments in the market covered in the report.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for food and beverages providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: Alcoholic Beverages; Non-Alcoholic Beverages; Grain Products; Bakery And Confectionery; Frozen, Canned And Dried Food; Dairy Food; Meat, Poultry And Seafood; Syrup, Seasoning, Oils And General Food; Animal And Pet Food; Tobacco Products; Other Types
- 2) By Nature: Organic; Conventional
- 3) By Distribution Channel: Supermarkets Or Hypermarkets; Convenience Stores; E-Commerce; Other Channels
- Companies Mentioned: Nestle S.A; PepsiCo Inc.; Anheuser-Busch InBev; Tyson Foods Inc.; Archer-Daniels-Midland Company (ADM)
- Countries: Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; food and beverages indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.